IBIC vs. IVOL

Last updated Jun 4, 2026

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 4.54% vs -5.59% 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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBIC achieves a 2.37% return, which is significantly higher than IVOL's -6.33% return.

IBIC

• 1D: 0.02%
• 1M: 0.27%
• YTD: 2.37%
• 6M: 2.51%
• 1Y: 4.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVOL

• 1D: -0.34%
• 1M: -3.62%
• YTD: -6.33%
• 6M: -7.21%
• 1Y: -5.59%
• 3Y*: -3.54%
• 5Y*: -5.77%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBIC vs. IVOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.37%	4.96%	5.25%	2.17%
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF	-6.33%	11.97%	-11.07%	3.56%

Correlation

The correlation between IBIC and IVOL is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023	0.47

Over the past year, the correlation between IBIC and IVOL has dropped to 0.16 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

IBIC vs. IVOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 97
IBIC Sortino Ratio Rank: 98
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 98
IBIC Martin Ratio Rank: 98

IVOL

IVOL Risk / Return Rank: 3
IVOL Sharpe Ratio Rank: 3
IVOL Sortino Ratio Rank: 3
IVOL Omega Ratio Rank: 3
IVOL Calmar Ratio Rank: 4
IVOL Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	IBIC	IVOL	Difference
Sharpe ratio: Return per unit of total volatility	5.05	-0.81	+5.86
Sortino ratio: Return per unit of downside risk	9.12	-1.14	+10.27
Omega ratio: Gain probability vs. loss probability	2.24	0.88	+1.36
Calmar ratio: Return relative to maximum drawdown	17.27	-0.57	+17.84
Martin ratio: Return relative to average drawdown	67.45	-1.28	+68.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBIC vs. IVOL - Sharpe Ratio Comparison

The current IBIC Sharpe Ratio is 5.05, which is higher than the IVOL Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of IBIC and IVOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBIC	IVOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.05	-0.81	+5.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.49	-0.11	+3.60

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.

Drawdown Indicators

	IBIC	IVOL	Difference
Max Drawdown Largest peak-to-trough decline	-0.90%	-31.16%	+30.26%
Max Drawdown (1Y) Largest decline over 1 year	-0.26%	-9.81%	+9.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.62%	—
Current Drawdown Current decline from peak	-0.13%	-26.33%	+26.20%
Average Drawdown Average peak-to-trough decline	-0.10%	-13.30%	+13.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	4.38%	-4.31%

Volatility

IBIC vs. IVOL - Volatility Comparison

The current volatility for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) is 0.33%, while Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) has a volatility of 1.07%. 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.

Volatility by Period

	IBIC	IVOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	1.07%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	0.67%	4.44%	-3.77%
Volatility (1Y) Calculated over the trailing 1-year period	0.90%	6.89%	-5.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.58%	12.84%	-11.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.58%	11.99%	-10.41%

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 3.89% 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	3.89%	3.61%	3.83%	3.73%	3.92%	3.93%	3.44%	2.02%

Frequently Asked Questions

Can I hold both IBIC and IVOL in my portfolio?

IBIC and IVOL have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBIC or IVOL?

IVOL has higher volatility (1.07%) compared to IBIC (0.33%). In terms of maximum drawdown, IBIC dropped -0.90% vs IVOL's -31.16%.

Which ETF is better, IBIC or IVOL?

On 1-year performance, IBIC leads with 4.54% vs -5.59% for IVOL. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIC or IVOL?

Over the 1-year period, IBIC has performed better with a 4.54% return vs -5.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIC or IVOL?

IBIC is cheaper with a 0.10% expense ratio, compared with 0.99% for IVOL.

Which ETF pays a higher dividend yield, IBIC or IVOL?

IVOL has the higher dividend yield at 3.89%, compared with 3.59% for IBIC.

What is the main difference between IBIC and IVOL?

They also come from different issuers: iShares and CICC. Their fees differ too: 0.10% for IBIC and 0.99% for IVOL.

Which has better risk-adjusted returns?

IBIC currently has the higher Sharpe Ratio (5.05 vs -0.81), 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.