IBIE vs. BCLO
IBIE (iShares iBonds Oct 2028 Term TIPS ETF) and BCLO (iShares BBB-B CLO Active ETF) are both exchange-traded funds - IBIE is a Inflation-Protected Bonds fund tracking the ICE 2028 Maturity US Inflation-Linked Treasury Index, while BCLO is a CLO fund tracking the JP Morgan CLOIE High Quality Mezzanine Index. Both are passively managed. Over the past year, IBIE returned 3.00% vs 6.12% for BCLO. Their -0.04 correlation means they have often moved in opposite directions in the past. IBIE charges 0.10%/yr vs 0.45%/yr for BCLO.
Performance
IBIE vs. BCLO - Performance Comparison
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Returns By Period
In the year-to-date period, IBIE achieves a 1.87% return, which is significantly lower than BCLO's 3.25% return.
IBIE
- 1D
- -0.03%
- 1M
- 0.26%
- 6M
- 1.43%
- YTD
- 1.87%
- 1Y
- 3.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.30%
BCLO
- 1D
- 0.15%
- 1M
- 0.21%
- 6M
- 2.24%
- YTD
- 3.25%
- 1Y
- 6.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $742.69K | $491.06K | $332.26K | |
| $740.01K | $732.57K | $770.84K |
IBIE vs. BCLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 1.87% | 5.67% |
BCLO iShares BBB-B CLO Active ETF | 3.25% | 5.41% |
Correlation
The correlation between IBIE and BCLO is -0.12, 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. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | -0.04 |
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Return for Risk
IBIE vs. BCLO — Risk / Return Rank
IBIE
BCLO
IBIE vs. BCLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2028 Term TIPS ETF (IBIE) and iShares BBB-B CLO Active ETF (BCLO). 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.
| IBIE | BCLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.77 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 3.21 | +0.99 |
| Martin ratioReturn relative to average drawdown | 12.84 | 11.82 | +1.02 |
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Drawdowns
IBIE vs. BCLO - Drawdown Comparison
The maximum IBIE drawdown since its inception was -1.70%, smaller than the maximum BCLO drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for IBIE and BCLO.
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Drawdown Indicators
| IBIE | BCLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.70% | -4.45% | +2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -1.92% | +1.20% |
Current DrawdownCurrent decline from peak | -0.23% | 0.00% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -0.36% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.52% | -0.29% |
Volatility
IBIE vs. BCLO - Volatility Comparison
The current volatility for iShares iBonds Oct 2028 Term TIPS ETF (IBIE) is 0.30%, while iShares BBB-B CLO Active ETF (BCLO) has a volatility of 0.34%. This indicates that IBIE experiences smaller price fluctuations and is considered to be less risky than BCLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIE | BCLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 0.34% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.07% | 1.63% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.47% | 2.03% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.80% | 4.16% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.80% | 4.16% | -1.36% |
IBIE vs. BCLO - Expense Ratio Comparison
IBIE has a 0.10% expense ratio, which is lower than BCLO's 0.45% expense ratio.
Dividends
IBIE vs. BCLO - Dividend Comparison
IBIE's dividend yield for the trailing twelve months is around 4.96%, less than BCLO's 6.51% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BCLO iShares BBB-B CLO Active ETF | 6.51% | 6.45% | 0.00% | 0.00% |
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 4.96% | 4.09% | 4.23% | 0.75% |
Frequently Asked Questions
IBIE and BCLO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCLO has higher volatility (0.34%) compared to IBIE (0.30%). In terms of maximum drawdown, IBIE dropped -1.70% vs BCLO's -4.45%.
On 1-year performance, BCLO leads with 6.12% vs 3.00% for IBIE. On fees, IBIE is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BCLO has performed better with a 6.12% return vs 3.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIE is cheaper with a 0.10% expense ratio, compared with 0.45% for BCLO.
BCLO has the higher dividend yield at 6.51%, compared with 4.96% for IBIE.
IBIE is categorized as Inflation-Protected Bonds, while BCLO is CLO. IBIE tracks ICE 2028 Maturity US Inflation-Linked Treasury Index, while BCLO tracks JP Morgan CLOIE High Quality Mezzanine Index. Their fees differ too: 0.10% for IBIE and 0.45% for BCLO.
BCLO currently has the higher Sharpe Ratio (3.03 vs 2.05), 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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