IBIE vs. DRKY

Last updated Jun 5, 2026

IBIE (iShares iBonds Oct 2028 Term TIPS ETF) and DRKY (VistaShares Target 15 Druckenmiller Macro Distribution ETF) are both exchange-traded funds - IBIE is a Inflation-Protected Bonds fund tracking the ICE 2028 Maturity US Inflation-Linked Treasury Index, while DRKY is a Derivative Income fund actively managed by VistaShares. IBIE is passively managed, while DRKY is actively managed. At a correlation of -0.09, they often move in opposite directions. IBIE charges 0.10%/yr vs 0.95%/yr for DRKY.

Performance

IBIE vs. DRKY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2028 Term TIPS ETF (IBIE) and VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBIE achieves a 2.09% return, which is significantly higher than DRKY's -0.26% return.

IBIE

• 1D: -0.02%
• 1M: 0.30%
• YTD: 2.09%
• 6M: 2.10%
• 1Y: 4.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRKY

• 1D: 1.20%
• 1M: -0.89%
• YTD: -0.26%
• 6M: -1.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBIE vs. DRKY - Yearly Performance Comparison

	2026 (YTD)	2025
IBIE iShares iBonds Oct 2028 Term TIPS ETF	2.09%	0.07%
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF	-0.26%	11.61%

Correlation

The correlation between IBIE and DRKY is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	-0.09

Return for Risk

IBIE vs. DRKY — Risk / Return Rank

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

IBIE

IBIE Risk / Return Rank: 94
IBIE Sharpe Ratio Rank: 90
IBIE Sortino Ratio Rank: 96
IBIE Omega Ratio Rank: 94
IBIE Calmar Ratio Rank: 96
IBIE Martin Ratio Rank: 94

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.

IBIE vs. DRKY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2028 Term TIPS ETF (IBIE) and VistaShares Target 15 Druckenmiller Macro Distribution ETF (DRKY). 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.

	IBIE	DRKY	Difference
Sharpe ratio: Return per unit of total volatility	3.02	—	—
Sortino ratio: Return per unit of downside risk	5.46	—	—
Omega ratio: Gain probability vs. loss probability	1.67	—	—
Calmar ratio: Return relative to maximum drawdown	8.51	—	—
Martin ratio: Return relative to average drawdown	25.61	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBIE	DRKY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.01	0.86	+1.15

Drawdowns

IBIE vs. DRKY - Drawdown Comparison

The maximum IBIE drawdown since its inception was -1.70%, smaller than the maximum DRKY drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for IBIE and DRKY.

Drawdown Indicators

	IBIE	DRKY	Difference
Max Drawdown Largest peak-to-trough decline	-1.70%	-15.68%	+13.98%
Max Drawdown (1Y) Largest decline over 1 year	-0.55%	—	—
Current Drawdown Current decline from peak	-0.02%	-3.78%	+3.76%
Average Drawdown Average peak-to-trough decline	-0.39%	-4.50%	+4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	—	—

Volatility

Volatility by Period

	IBIE	DRKY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.56%	20.92%	-19.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.85%	20.92%	-18.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.85%	20.92%	-18.07%

IBIE vs. DRKY - Expense Ratio Comparison

IBIE has a 0.10% expense ratio, which is lower than DRKY's 0.95% expense ratio.

Dividends

IBIE vs. DRKY - Dividend Comparison

IBIE's dividend yield for the trailing twelve months is around 3.25%, less than DRKY's 10.21% yield.

Position	TTM	2025	2024	2023
DRKY VistaShares Target 15 Druckenmiller Macro Distribution ETF	10.21%	3.66%	0.00%	0.00%
IBIE iShares iBonds Oct 2028 Term TIPS ETF	3.25%	4.09%	4.23%	0.75%

Frequently Asked Questions

Can I hold both IBIE and DRKY in my portfolio?

IBIE and DRKY have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBIE or DRKY?

On fees, IBIE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBIE or DRKY?

IBIE is cheaper with a 0.10% expense ratio, compared with 0.95% for DRKY.

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

DRKY has the higher dividend yield at 10.21%, compared with 3.25% for IBIE.

What is the main difference between IBIE and DRKY?

IBIE is categorized as Inflation-Protected Bonds, while DRKY is Derivative Income. They also come from different issuers: iShares and VistaShares. Their fees differ too: 0.10% for IBIE and 0.95% for DRKY.