IBIC vs. QCML
IBIC (iShares iBonds Oct 2026 Term TIPS ETF) and QCML (GraniteShares 2x Long QCOM Daily ETF) are both exchange-traded funds - IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index, while QCML is a Leveraged Equities fund tracking the Qualcomm Inc. (QCOM). Both are passively managed. Over the past year, IBIC returned 4.02% vs -11.21% for QCML. Their -0.20 correlation means they have often moved in opposite directions in the past. IBIC charges 0.10%/yr vs 1.50%/yr for QCML.
Performance
IBIC vs. QCML - 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 QCML's -30.29% return.
IBIC
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 2.37%
- YTD
- 2.67%
- 1Y
- 4.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.24%
QCML
- 1D
- 14.87%
- 1M
- -17.22%
- 6M
- -4.86%
- YTD
- -30.29%
- 1Y
- -11.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -30.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $809.24K | $530.96K | |
| $8.72M | $11.83M | $56.74M |
IBIC vs. QCML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.67% | 3.98% |
QCML GraniteShares 2x Long QCOM Daily ETF | -30.29% | -16.71% |
Correlation
The correlation between IBIC and QCML is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025 | -0.20 |
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Return for Risk
IBIC vs. QCML — Risk / Return Rank
IBIC
QCML
IBIC vs. QCML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and GraniteShares 2x Long QCOM Daily ETF (QCML). 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 | QCML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.68 | ||
| Sortino ratioReturn per unit of downside risk | +7.46 | ||
| Omega ratioGain probability vs. loss probability | 2.09 | 1.08 | +1.01 |
| Calmar ratioReturn relative to maximum drawdown | 15.07 | -0.16 | +15.24 |
| Martin ratioReturn relative to average drawdown | 51.54 | -0.33 | +51.87 |
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Drawdowns
IBIC vs. QCML - Drawdown Comparison
The maximum IBIC drawdown since its inception was -0.90%, smaller than the maximum QCML drawdown of -68.76%. Use the drawdown chart below to compare losses from any high point for IBIC and QCML.
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Drawdown Indicators
| IBIC | QCML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.90% | -68.76% | +67.86% |
Max Drawdown (1Y)Largest decline over 1 year | -0.27% | -68.76% | +68.49% |
Current DrawdownCurrent decline from peak | -0.08% | -62.19% | +62.11% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -30.98% | +30.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 34.00% | -33.92% |
Volatility
IBIC vs. QCML - Volatility Comparison
The current volatility for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) is 0.23%, while GraniteShares 2x Long QCOM Daily ETF (QCML) has a volatility of 27.07%. This indicates that IBIC experiences smaller price fluctuations and is considered to be less risky than QCML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIC | QCML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 27.07% | -26.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.69% | 94.10% | -93.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.89% | 105.55% | -104.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.54% | 100.36% | -98.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.54% | 100.36% | -98.82% |
IBIC vs. QCML - Expense Ratio Comparison
IBIC has a 0.10% expense ratio, which is lower than QCML's 1.50% expense ratio.
Dividends
IBIC vs. QCML - Dividend Comparison
IBIC's dividend yield for the trailing twelve months is around 4.62%, while QCML has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% |
QCML GraniteShares 2x Long QCOM Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIC and QCML 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.
QCML has higher volatility (27.07%) compared to IBIC (0.23%). In terms of maximum drawdown, IBIC dropped -0.90% vs QCML's -68.76%.
On 1-year performance, IBIC leads with 4.02% vs -11.21% for QCML. 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 -11.21%. 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 1.50% for QCML.
IBIC has the higher dividend yield at 4.62%, compared with 0.00% for QCML.
IBIC is categorized as Inflation-Protected Bonds, while QCML is Leveraged Equities. IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index, while QCML tracks Qualcomm Inc. (QCOM). They also come from different issuers: iShares and GraniteShares. Their fees differ too: 0.10% for IBIC and 1.50% for QCML.
IBIC currently has the higher Sharpe Ratio (4.57 vs -0.11), 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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