IBIF vs. FBDC
IBIF (iShares iBonds Oct 2029 Term TIPS ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both exchange-traded funds - IBIF is a Inflation-Protected Bonds fund tracking the ICE 2029 Maturity US Inflation-Linked Treasury Index, while FBDC is a Financials Equities fund actively managed by First Trust. IBIF is passively managed, while FBDC is actively managed. Over the past year, IBIF returned 2.58% vs -10.92% for FBDC. Their 0.07 correlation means their historical movements had little consistent relationship. IBIF charges 0.10%/yr vs 1.35%/yr for FBDC.
Performance
IBIF vs. FBDC - Performance Comparison
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Returns By Period
In the year-to-date period, IBIF achieves a 1.50% return, which is significantly higher than FBDC's -7.31% return.
IBIF
- 1D
- -0.11%
- 1M
- 0.14%
- 6M
- 0.80%
- YTD
- 1.50%
- 1Y
- 2.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.55%
FBDC
- 1D
- -0.01%
- 1M
- -0.49%
- 6M
- -6.64%
- YTD
- -7.31%
- 1Y
- -10.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -9.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $213.26K | $189.97K | $198.06K | |
| $539.78K | $483.63K | $471.28K |
IBIF vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 1.50% | 2.09% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -7.31% | -2.66% |
Correlation
The correlation between IBIF and FBDC is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.07 |
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Return for Risk
IBIF vs. FBDC — Risk / Return Rank
IBIF
FBDC
IBIF vs. FBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2029 Term TIPS ETF (IBIF) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.
| IBIF | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.91 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | -0.64 | +3.93 |
| Martin ratioReturn relative to average drawdown | 8.69 | -1.14 | +9.84 |
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Drawdowns
IBIF vs. FBDC - Drawdown Comparison
The maximum IBIF drawdown since its inception was -2.50%, smaller than the maximum FBDC drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for IBIF and FBDC.
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Drawdown Indicators
| IBIF | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.50% | -20.60% | +18.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -18.08% | +17.13% |
Current DrawdownCurrent decline from peak | -0.51% | -15.23% | +14.72% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -10.91% | +10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 10.12% | -9.76% |
Volatility
IBIF vs. FBDC - Volatility Comparison
The current volatility for iShares iBonds Oct 2029 Term TIPS ETF (IBIF) is 0.47%, while FT Confluence BDC & Specialty Finance Income ETF (FBDC) has a volatility of 4.72%. This indicates that IBIF experiences smaller price fluctuations and is considered to be less risky than FBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIF | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 4.72% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.47% | 14.60% | -13.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.02% | 18.15% | -16.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 17.81% | -14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 17.81% | -14.33% |
IBIF vs. FBDC - Expense Ratio Comparison
IBIF has a 0.10% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
IBIF vs. FBDC - Dividend Comparison
IBIF's dividend yield for the trailing twelve months is around 4.94%, less than FBDC's 12.36% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 12.36% | 5.41% | 0.00% | 0.00% |
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 4.94% | 4.51% | 4.05% | 0.96% |
Frequently Asked Questions
IBIF and FBDC have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBDC has higher volatility (4.72%) compared to IBIF (0.47%). In terms of maximum drawdown, IBIF dropped -2.50% vs FBDC's -20.60%.
On 1-year performance, IBIF leads with 2.58% vs -10.92% for FBDC. On fees, IBIF is cheaper at 0.10% per year. On volatility, IBIF has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIF has performed better with a 2.58% return vs -10.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIF is cheaper with a 0.10% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 12.36%, compared with 4.94% for IBIF.
IBIF is categorized as Inflation-Protected Bonds, while FBDC is Financials Equities. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.10% for IBIF and 1.35% for FBDC.
IBIF currently has the higher Sharpe Ratio (1.55 vs -0.64), 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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