IBID vs. ICPI

Last updated Aug 2, 2026

IBID (iShares iBonds Oct 2027 Term TIPS ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds from iShares - IBID tracks the ICE 2027 Maturity US Inflation-Linked Treasury Index while ICPI tracks the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Both are passively managed. Their 0.61 correlation means they have sometimes moved together and sometimes differently. IBID charges 0.10%/yr vs 0.09%/yr for ICPI.

Performance

IBID vs. ICPI - 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 0-1 Year TIPS Bond ETF (ICPI). 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 lower than ICPI's 2.90% return.

IBID

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

ICPI

• 1D: 0.06%
• 1M: 0.32%
• 6M: 2.50%
• YTD: 2.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
ICPI iShares 0-1 Year TIPS Bond ETF	$269.55K	$218.29K	$247.75K

IBID vs. ICPI - Yearly Performance Comparison

	2026 (YTD)	2025
IBID iShares iBonds Oct 2027 Term TIPS ETF	2.41%	0.32%
ICPI iShares 0-1 Year TIPS Bond ETF	2.90%	0.32%

Correlation

The correlation between IBID and ICPI is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	0.61

Return for Risk

IBID vs. ICPI — 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

ICPI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. ICPI - 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 0-1 Year TIPS Bond ETF (ICPI). 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	ICPI	Difference
Sharpe ratio: Return per unit of total volatility	3.30	—	—
Sortino ratio: Return per unit of downside risk	5.67	—	—
Omega ratio: Gain probability vs. loss probability	1.74	—	—
Calmar ratio: Return relative to maximum drawdown	7.26	—	—
Martin ratio: Return relative to average drawdown	25.58	—	—

Drawdowns

IBID vs. ICPI - Drawdown Comparison

The maximum IBID drawdown since its inception was -1.28%, which is greater than ICPI's maximum drawdown of -0.34%. Use the drawdown chart below to compare losses from any high point for IBID and ICPI.

Drawdown Indicators

	IBID	ICPI	Difference
Max Drawdown Largest peak-to-trough decline	-1.28%	-0.34%	-0.94%
Max Drawdown (1Y) Largest decline over 1 year	-0.55%	—	—
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.05%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.16%	—	—

Volatility

Volatility by Period

	IBID	ICPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.22%	0.98%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.21%	0.98%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.21%	0.98%	+1.23%

IBID vs. ICPI - Expense Ratio Comparison

IBID has a 0.10% expense ratio, which is higher than ICPI's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IBID vs. ICPI - Dividend Comparison

IBID's dividend yield for the trailing twelve months is around 4.90%, more than ICPI's 2.56% yield.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	4.90%	4.43%	4.24%	0.81%
ICPI iShares 0-1 Year TIPS Bond ETF	2.56%	0.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBID and ICPI in my portfolio?

IBID and ICPI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBID or ICPI?

On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBID or ICPI?

ICPI is cheaper with a 0.09% expense ratio, compared with 0.10% for IBID.

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

IBID has the higher dividend yield at 4.90%, compared with 2.56% for ICPI.

What is the main difference between IBID and ICPI?

IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index, while ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Their fees differ too: 0.10% for IBID and 0.09% for ICPI.