IBIC vs. IVOL
IBIC (iShares iBonds Oct 2026 Term TIPS ETF) and IVOL (Quadratic Interest Rate Volatility & Inflation Hedge ETF) are both Inflation-Protected Bonds funds. IBIC is passively managed, while IVOL is actively managed. Over the past year, IBIC returned 4.40% vs -7.53% for IVOL. At a 0.47 correlation, their price movements are largely independent. IBIC charges 0.10%/yr vs 0.99%/yr for IVOL.
Performance
IBIC vs. IVOL - Performance Comparison
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Returns By Period
In the year-to-date period, IBIC achieves a 2.33% return, which is significantly higher than IVOL's -8.13% return.
IBIC
- 1D
- -0.10%
- 1M
- 0.02%
- YTD
- 2.33%
- 6M
- 2.35%
- 1Y
- 4.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVOL
- 1D
- 0.26%
- 1M
- -2.78%
- YTD
- -8.13%
- 6M
- -7.51%
- 1Y
- -7.53%
- 3Y*
- -2.55%
- 5Y*
- -5.63%
- 10Y*
- —
IBIC vs. IVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.33% | 4.96% | 5.25% | 2.17% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -8.13% | 11.97% | -11.07% | 2.90% |
Correlation
The correlation between IBIC and IVOL is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.47 |
Over the past year, the correlation between IBIC and IVOL has dropped to 0.14 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
IBIC vs. IVOL — Risk / Return Rank
IBIC
IVOL
IBIC vs. IVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBIC | IVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.03 | ||
| Sortino ratioReturn per unit of downside risk | +10.36 | ||
| Omega ratioGain probability vs. loss probability | 2.21 | 0.83 | +1.38 |
| Calmar ratioReturn relative to maximum drawdown | 16.49 | -0.63 | +17.11 |
| Martin ratioReturn relative to average drawdown | 57.80 | -1.49 | +59.29 |
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Drawdowns
IBIC vs. IVOL - Drawdown Comparison
The maximum IBIC drawdown since its inception was -0.90%, smaller than the maximum IVOL drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for IBIC and IVOL.
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Drawdown Indicators
| IBIC | IVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.90% | -31.16% | +30.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.27% | -12.08% | +11.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.28% | — |
Current DrawdownCurrent decline from peak | -0.17% | -27.75% | +27.58% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -13.40% | +13.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 5.05% | -4.97% |
Volatility
IBIC vs. IVOL - Volatility Comparison
The current volatility for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) is 0.19%, while Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) has a volatility of 2.55%. This indicates that IBIC experiences smaller price fluctuations and is considered to be less risky than IVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIC | IVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 2.55% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.67% | 4.98% | -4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 7.04% | -6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.56% | 12.85% | -11.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 11.98% | -10.42% |
IBIC vs. IVOL - Expense Ratio Comparison
IBIC has a 0.10% expense ratio, which is lower than IVOL's 0.99% expense ratio.
Dividends
IBIC vs. IVOL - Dividend Comparison
IBIC's dividend yield for the trailing twelve months is around 3.59%, less than IVOL's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.97% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% |
Frequently Asked Questions
IBIC and IVOL have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOL has higher volatility (2.55%) compared to IBIC (0.19%). In terms of maximum drawdown, IBIC dropped -0.90% vs IVOL's -31.16%.
On 1-year performance, IBIC leads with 4.40% vs -7.53% for IVOL. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.40% return vs -7.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.99% for IVOL.
IVOL has the higher dividend yield at 3.97%, compared with 3.59% for IBIC.
They also come from different issuers: iShares and CICC. Their fees differ too: 0.10% for IBIC and 0.99% for IVOL.
IBIC currently has the higher Sharpe Ratio (4.95 vs -1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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