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 4.02% vs -7.05% for IVOL. Their 0.45 correlation means their historical movements had little consistent relationship. 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 2.67% return, which is significantly higher than IVOL's -6.85% return.
IBIC
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 2.37%
- YTD
- 2.67%
- 1Y
- 4.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.24%
IVOL
- 1D
- 0.09%
- 1M
- 0.88%
- 6M
- -5.66%
- YTD
- -6.85%
- 1Y
- -7.05%
- 3Y*
- -2.73%
- 5Y*
- -5.59%
- 10Y*
- —
- ALL TIME*
- -1.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $809.24K | $530.96K | |
| $1.61M | $1.25M | $2.09M |
IBIC vs. IVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.67% | 4.96% | 5.25% | 2.17% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | -6.85% | 11.97% | -11.07% | 2.90% |
Correlation
The correlation between IBIC and IVOL is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.45 |
Over the past year, the correlation between IBIC and IVOL has dropped to 0.06 - well below their long-term average of 0.45, 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 | +5.66 | ||
| Sortino ratioReturn per unit of downside risk | +9.55 | ||
| Omega ratioGain probability vs. loss probability | 2.09 | 0.84 | +1.26 |
| Calmar ratioReturn relative to maximum drawdown | 15.07 | -0.58 | +15.66 |
| Martin ratioReturn relative to average drawdown | 51.54 | -1.12 | +52.67 |
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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% | -12.17% | +11.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.07% | — |
Current DrawdownCurrent decline from peak | -0.08% | -26.75% | +26.67% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -13.62% | +13.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 6.28% | -6.20% |
Volatility
IBIC vs. IVOL - Volatility Comparison
The current volatility for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) is 0.23%, while Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) has a volatility of 1.71%. 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 | 0.23% | 1.71% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 0.69% | 4.92% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.89% | 6.51% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.54% | 12.85% | -11.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.54% | 11.91% | -10.37% |
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 4.62%, more than IVOL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.86% | 3.61% | 3.83% | 3.73% | 3.92% | 3.93% | 3.44% | 2.02% |
Frequently Asked Questions
IBIC and IVOL have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOL has higher volatility (1.71%) compared to IBIC (0.23%). In terms of maximum drawdown, IBIC dropped -0.90% vs IVOL's -31.16%.
On 1-year performance, IBIC leads with 4.02% vs -7.05% for IVOL. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.23%. 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 4.02% return vs -7.05%. 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.
IBIC has the higher dividend yield at 4.62%, compared with 3.86% for IVOL.
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 (4.57 vs -1.09), 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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