IBIG vs. IBII

Last updated Jun 23, 2026

IBIG (iShares iBonds Oct 2030 Term TIPS ETF) and IBII (iShares iBonds Oct 2032 Term TIPS ETF) are both Inflation-Protected Bonds funds from iShares - IBIG tracks the ICE 2030 Maturity US Inflation-Linked Treasury Index while IBII tracks the ICE 2032 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, IBIG returned 3.49% vs 3.96% for IBII. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.10% expense ratio.

Performance

IBIG vs. IBII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2030 Term TIPS ETF (IBIG) and iShares iBonds Oct 2032 Term TIPS ETF (IBII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBIG achieves a 0.71% return, which is significantly higher than IBII's 0.67% return.

IBIG

• 1D: -0.31%
• 1M: -0.46%
• YTD: 0.71%
• 6M: 0.85%
• 1Y: 3.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBII

• 1D: -0.40%
• 1M: -0.44%
• YTD: 0.67%
• 6M: 0.73%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBIG vs. IBII - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBIG iShares iBonds Oct 2030 Term TIPS ETF	0.71%	7.90%	2.60%	4.26%
IBII iShares iBonds Oct 2032 Term TIPS ETF	0.67%	8.65%	1.21%	4.85%

Correlation

The correlation between IBIG and IBII is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023	0.96

The correlation between IBIG and IBII has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

IBIG vs. IBII — Risk / Return Rank

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

IBIG

IBIG Risk / Return Rank: 44
IBIG Sharpe Ratio Rank: 38
IBIG Sortino Ratio Rank: 40
IBIG Omega Ratio Rank: 37
IBIG Calmar Ratio Rank: 55
IBIG Martin Ratio Rank: 49

IBII

IBII Risk / Return Rank: 36
IBII Sharpe Ratio Rank: 33
IBII Sortino Ratio Rank: 33
IBII Omega Ratio Rank: 31
IBII Calmar Ratio Rank: 42
IBII Martin Ratio Rank: 41

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.

IBIG vs. IBII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2030 Term TIPS ETF (IBIG) and iShares iBonds Oct 2032 Term TIPS ETF (IBII). 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.

	IBIG	IBII	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.14	+0.18
Sortino ratio: Return per unit of downside risk	1.98	1.69	+0.29
Omega ratio: Gain probability vs. loss probability	1.24	1.21	+0.03
Calmar ratio: Return relative to maximum drawdown	2.60	2.00	+0.60
Martin ratio: Return relative to average drawdown	8.07	6.47	+1.61

IBIG vs. IBII - Sharpe Ratio Comparison

The current IBIG Sharpe Ratio is 1.32, which is comparable to the IBII Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of IBIG and IBII, 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

IBIG vs. IBII - Drawdown Comparison

The maximum IBIG drawdown since its inception was -3.21%, smaller than the maximum IBII drawdown of -4.65%. Use the drawdown chart below to compare losses from any high point for IBIG and IBII.

Drawdown Indicators

	IBIG	IBII	Difference
Max Drawdown Largest peak-to-trough decline	-3.21%	-4.65%	+1.44%
Max Drawdown (1Y) Largest decline over 1 year	-1.35%	-1.98%	+0.63%
Current Drawdown Current decline from peak	-1.35%	-1.58%	+0.23%
Average Drawdown Average peak-to-trough decline	-0.77%	-1.12%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	0.61%	-0.18%

Volatility

IBIG vs. IBII - Volatility Comparison

The current volatility for iShares iBonds Oct 2030 Term TIPS ETF (IBIG) is 0.98%, while iShares iBonds Oct 2032 Term TIPS ETF (IBII) has a volatility of 1.36%. This indicates that IBIG experiences smaller price fluctuations and is considered to be less risky than IBII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBIG	IBII	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	1.36%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	1.87%	2.54%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	2.66%	3.48%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.28%	5.42%	-1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.28%	5.42%	-1.14%

IBIG vs. IBII - Expense Ratio Comparison

Both IBIG and IBII 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

IBIG vs. IBII - Dividend Comparison

IBIG's dividend yield for the trailing twelve months is around 3.92%, less than IBII's 4.09% yield.

Position	TTM	2025	2024	2023
IBIG iShares iBonds Oct 2030 Term TIPS ETF	3.92%	4.70%	4.15%	0.78%
IBII iShares iBonds Oct 2032 Term TIPS ETF	4.09%	4.80%	4.76%	1.10%

Frequently Asked Questions

Can I hold both IBIG and IBII in my portfolio?

With a correlation of 0.93, IBIG and IBII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IBIG or IBII?

IBII has higher volatility (1.36%) compared to IBIG (0.98%). In terms of maximum drawdown, IBIG dropped -3.21% vs IBII's -4.65%.

Which ETF is better, IBIG or IBII?

On 1-year performance, IBII leads with 3.96% vs 3.49% for IBIG. Both ETFs have the same 0.10% expense ratio. On volatility, IBIG has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBIG or IBII?

Over the 1-year period, IBII has performed better with a 3.96% return vs 3.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBIG or IBII?

IBIG and IBII have the same expense ratio: 0.10% per year.

Which ETF pays a higher dividend yield, IBIG or IBII?

IBII has the higher dividend yield at 4.09%, compared with 3.92% for IBIG.

What is the main difference between IBIG and IBII?

IBIG tracks ICE 2030 Maturity US Inflation-Linked Treasury Index, while IBII tracks ICE 2032 Maturity US Inflation-Linked Treasury Index.

Which has better risk-adjusted returns?

IBIG currently has the higher Sharpe Ratio (1.32 vs 1.14), 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.