IBIF vs. IBIH
IBIF (iShares iBonds Oct 2029 Term TIPS ETF) and IBIH (iShares iBonds Oct 2031 Term TIPS ETF) are both Inflation-Protected Bonds funds from iShares - IBIF tracks the ICE 2029 Maturity US Inflation-Linked Treasury Index while IBIH tracks the ICE 2031 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, IBIF returned 2.58% vs 2.20% for IBIH. Their correlation of 0.93 means they have usually moved in the same direction. Both charge a 0.10% expense ratio.
Performance
IBIF vs. IBIH - 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 IBIH's 1.04% return.
IBIF
- 1D
- -0.11%
- 1M
- 0.14%
- 6M
- 0.80%
- YTD
- 1.50%
- 1Y
- 2.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.55%
IBIH
- 1D
- -0.21%
- 1M
- -0.25%
- 6M
- 0.21%
- YTD
- 1.04%
- 1Y
- 2.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $539.78K | $483.63K | $471.28K | |
| $435.14K | $428.04K | $430.49K |
IBIF vs. IBIH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 1.50% | 7.27% | 3.11% | 3.95% |
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 1.04% | 8.47% | 1.73% | 4.60% |
Correlation
The correlation between IBIF and IBIH is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.93 |
The correlation between IBIF and IBIH has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
IBIF vs. IBIH — Risk / Return Rank
IBIF
IBIH
IBIF vs. IBIH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2029 Term TIPS ETF (IBIF) and iShares iBonds Oct 2031 Term TIPS ETF (IBIH). 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 | IBIH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 1.76 | +1.53 |
| Martin ratioReturn relative to average drawdown | 8.69 | 4.68 | +4.01 |
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Drawdowns
IBIF vs. IBIH - Drawdown Comparison
The maximum IBIF drawdown since its inception was -2.50%, smaller than the maximum IBIH drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for IBIF and IBIH.
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Drawdown Indicators
| IBIF | IBIH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.50% | -3.94% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -1.70% | +0.75% |
Current DrawdownCurrent decline from peak | -0.51% | -1.17% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -0.96% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.64% | -0.28% |
Volatility
IBIF vs. IBIH - Volatility Comparison
The current volatility for iShares iBonds Oct 2029 Term TIPS ETF (IBIF) is 0.47%, while iShares iBonds Oct 2031 Term TIPS ETF (IBIH) has a volatility of 0.68%. This indicates that IBIF experiences smaller price fluctuations and is considered to be less risky than IBIH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIF | IBIH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.68% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.47% | 2.37% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.02% | 3.14% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.48% | 4.87% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 4.87% | -1.39% |
IBIF vs. IBIH - Expense Ratio Comparison
Both IBIF and IBIH 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
IBIF vs. IBIH - Dividend Comparison
IBIF's dividend yield for the trailing twelve months is around 4.94%, which matches IBIH's 4.98% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 4.94% | 4.51% | 4.05% | 0.96% |
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 4.98% | 4.68% | 4.34% | 0.70% |
Frequently Asked Questions
IBIF and IBIH have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIH has higher volatility (0.68%) compared to IBIF (0.47%). In terms of maximum drawdown, IBIF dropped -2.50% vs IBIH's -3.94%.
On 1-year performance, IBIF leads with 2.58% vs 2.20% for IBIH. Both ETFs have the same 0.10% expense ratio. 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 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIF and IBIH have the same expense ratio: 0.10% per year.
IBIH has the higher dividend yield at 4.98%, compared with 4.94% for IBIF.
IBIF tracks ICE 2029 Maturity US Inflation-Linked Treasury Index, while IBIH tracks ICE 2031 Maturity US Inflation-Linked Treasury Index.
IBIF currently has the higher Sharpe Ratio (1.55 vs 0.95), 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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