IBID vs. IBIE

Last updated Aug 2, 2026

IBID (iShares iBonds Oct 2027 Term TIPS ETF) and IBIE (iShares iBonds Oct 2028 Term TIPS ETF) are both Inflation-Protected Bonds funds from iShares - IBID tracks the ICE 2027 Maturity US Inflation-Linked Treasury Index while IBIE tracks the ICE 2028 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, IBID returned 3.58% vs 3.03% for IBIE. Their correlation of 0.84 means they have usually moved in the same direction. Both charge a 0.10% expense ratio.

Performance

IBID vs. IBIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2027 Term TIPS ETF (IBID) and iShares iBonds Oct 2028 Term TIPS ETF (IBIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBID achieves a 2.41% return, which is significantly higher than IBIE's 1.90% return.

IBID

• 1D: -0.02%
• 1M: 0.19%
• 6M: 2.01%
• YTD: 2.41%
• 1Y: 3.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.38%

IBIE

• 1D: -0.02%
• 1M: 0.29%
• 6M: 1.31%
• YTD: 1.90%
• 1Y: 3.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBID iShares iBonds Oct 2027 Term TIPS ETF	$730.73K	$757.79K	$746.53K
IBIE iShares iBonds Oct 2028 Term TIPS ETF	$698.05K	$699.21K	$764.03K

IBID vs. IBIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	2.41%	5.66%	4.71%	2.61%
IBIE iShares iBonds Oct 2028 Term TIPS ETF	1.90%	6.46%	3.95%	2.93%

Correlation

The correlation between IBID and IBIE is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.84

Over the past year, the correlation between IBID and IBIE has dropped to 0.60 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

IBID vs. IBIE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IBID

IBID Risk / Return Rank: 97
IBID Sharpe Ratio Rank: 97
IBID Sortino Ratio Rank: 98
IBID Omega Ratio Rank: 97
IBID Calmar Ratio Rank: 97
IBID Martin Ratio Rank: 96

IBIE

IBIE Risk / Return Rank: 93
IBIE Sharpe Ratio Rank: 90
IBIE Sortino Ratio Rank: 94
IBIE Omega Ratio Rank: 93
IBIE Calmar Ratio Rank: 94
IBIE Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IBID vs. IBIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2027 Term TIPS ETF (IBID) and iShares iBonds Oct 2028 Term TIPS ETF (IBIE). 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.

	IBID	IBIE	Difference
Sharpe ratio: Return per unit of total volatility	3.30	2.29	+1.01
Sortino ratio: Return per unit of downside risk	5.67	3.89	+1.77
Omega ratio: Gain probability vs. loss probability	1.74	1.49	+0.25
Calmar ratio: Return relative to maximum drawdown	7.26	4.90	+2.36
Martin ratio: Return relative to average drawdown	25.58	15.03	+10.55

IBID vs. IBIE - Sharpe Ratio Comparison

The current IBID Sharpe Ratio is 3.30, which is higher than the IBIE Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of IBID and IBIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBID vs. IBIE - Drawdown Comparison

The maximum IBID drawdown since its inception was -1.28%, smaller than the maximum IBIE drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for IBID and IBIE.

Drawdown Indicators

	IBID	IBIE	Difference
Max Drawdown Largest peak-to-trough decline	-1.28%	-1.70%	+0.42%
Max Drawdown (1Y) Largest decline over 1 year	-0.55%	-0.72%	+0.17%
Current Drawdown Current decline from peak	-0.09%	-0.20%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.38%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	0.23%	-0.07%

Volatility

IBID vs. IBIE - Volatility Comparison

iShares iBonds Oct 2027 Term TIPS ETF (IBID) has a higher volatility of 0.33% compared to iShares iBonds Oct 2028 Term TIPS ETF (IBIE) at 0.30%. This indicates that IBID's price experiences larger fluctuations and is considered to be riskier than IBIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBID	IBIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	0.30%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	0.92%	1.07%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	1.22%	1.54%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.21%	2.80%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.21%	2.80%	-0.59%

IBID vs. IBIE - Expense Ratio Comparison

Both IBID and IBIE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IBID vs. IBIE - Dividend Comparison

IBID's dividend yield for the trailing twelve months is around 4.90%, less than IBIE's 4.96% yield.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	4.90%	4.43%	4.24%	0.81%
IBIE iShares iBonds Oct 2028 Term TIPS ETF	4.96%	4.09%	4.23%	0.75%

Frequently Asked Questions

Can I hold both IBID and IBIE in my portfolio?

IBID and IBIE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBID or IBIE?

IBID has higher volatility (0.33%) compared to IBIE (0.30%). In terms of maximum drawdown, IBID dropped -1.28% vs IBIE's -1.70%.

Which ETF is better, IBID or IBIE?

On 1-year performance, IBID leads with 3.58% vs 3.03% for IBIE. Both ETFs have the same 0.10% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBID or IBIE?

Over the 1-year period, IBID has performed better with a 3.58% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBID or IBIE?

IBID and IBIE have the same expense ratio: 0.10% per year.

Which ETF pays a higher dividend yield, IBID or IBIE?

IBIE has the higher dividend yield at 4.96%, compared with 4.90% for IBID.

What is the main difference between IBID and IBIE?

IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index, while IBIE tracks ICE 2028 Maturity US Inflation-Linked Treasury Index.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.30 vs 2.29), 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.