IBIE vs. IBID

Last updated Jun 24, 2026

IBIE (iShares iBonds Oct 2028 Term TIPS ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both Inflation-Protected Bonds funds from iShares - IBIE tracks the ICE 2028 Maturity US Inflation-Linked Treasury Index while IBID tracks the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, IBIE returned 3.57% vs 3.92% for IBID. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.

Performance

IBIE vs. IBID - Performance Comparison

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

Returns By Period

In the year-to-date period, IBIE achieves a 1.37% return, which is significantly lower than IBID's 1.94% return.

IBIE

• 1D: -0.02%
• 1M: -0.27%
• YTD: 1.37%
• 6M: 1.49%
• 1Y: 3.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: -0.05%
• 1M: -0.25%
• YTD: 1.94%
• 6M: 2.03%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBIE vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBIE iShares iBonds Oct 2028 Term TIPS ETF	1.37%	6.46%	3.95%	2.93%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.94%	5.66%	4.71%	2.61%

Correlation

The correlation between IBIE and IBID is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.85

Over the past year, the correlation between IBIE and IBID has dropped to 0.63 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

Return for Risk

IBIE vs. IBID — Risk / Return Rank

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

IBIE

IBIE Risk / Return Rank: 86
IBIE Sharpe Ratio Rank: 78
IBIE Sortino Ratio Rank: 90
IBIE Omega Ratio Rank: 86
IBIE Calmar Ratio Rank: 90
IBIE Martin Ratio Rank: 88

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 94
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 95
IBID Calmar Ratio Rank: 95
IBID Martin Ratio Rank: 95

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. IBID - 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 iBonds Oct 2027 Term TIPS ETF (IBID). 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	IBID	Difference
Sharpe ratio: Return per unit of total volatility	2.25	3.19	-0.95
Sortino ratio: Return per unit of downside risk	3.80	5.38	-1.58
Omega ratio: Gain probability vs. loss probability	1.47	1.72	-0.24
Calmar ratio: Return relative to maximum drawdown	4.99	7.20	-2.21
Martin ratio: Return relative to average drawdown	17.70	29.14	-11.44

IBIE vs. IBID - Sharpe Ratio Comparison

The current IBIE Sharpe Ratio is 2.25, which is comparable to the IBID Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of IBIE and IBID, 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

IBIE vs. IBID - Drawdown Comparison

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

Drawdown Indicators

	IBIE	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-1.70%	-1.28%	-0.42%
Max Drawdown (1Y) Largest decline over 1 year	-0.72%	-0.55%	-0.17%
Current Drawdown Current decline from peak	-0.72%	-0.55%	-0.17%
Average Drawdown Average peak-to-trough decline	-0.39%	-0.22%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	0.13%	+0.07%

Volatility

IBIE vs. IBID - Volatility Comparison

iShares iBonds Oct 2028 Term TIPS ETF (IBIE) has a higher volatility of 0.57% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that IBIE's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBIE	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	0.35%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	1.08%	0.86%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	1.60%	1.23%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.85%	2.24%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.85%	2.24%	+0.61%

IBIE vs. IBID - Expense Ratio Comparison

Both IBIE and IBID 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

IBIE vs. IBID - Dividend Comparison

IBIE's dividend yield for the trailing twelve months is around 3.27%, less than IBID's 3.68% yield.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%
IBIE iShares iBonds Oct 2028 Term TIPS ETF	3.27%	4.09%	4.23%	0.75%

Frequently Asked Questions

Can I hold both IBIE and IBID in my portfolio?

IBIE and IBID have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBIE or IBID?

IBIE has higher volatility (0.57%) compared to IBID (0.35%). In terms of maximum drawdown, IBIE dropped -1.70% vs IBID's -1.28%.

Which ETF is better, IBIE or IBID?

On 1-year performance, IBID leads with 3.92% vs 3.57% for IBIE. Both ETFs have the same 0.10% expense ratio. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIE or IBID?

Over the 1-year period, IBID has performed better with a 3.92% return vs 3.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIE or IBID?

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

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

IBID has the higher dividend yield at 3.68%, compared with 3.27% for IBIE.

What is the main difference between IBIE and IBID?

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

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.19 vs 2.25), 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.