IBIH vs. IBIC
IBIH (iShares iBonds Oct 2031 Term TIPS ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both Inflation-Protected Bonds funds from iShares - IBIH tracks the ICE 2031 Maturity US Inflation-Linked Treasury Index while IBIC tracks the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, IBIH returned 3.67% vs 4.42% for IBIC. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
IBIH vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, IBIH achieves a 0.76% return, which is significantly lower than IBIC's 2.43% return.
IBIH
- 1D
- 0.02%
- 1M
- -0.31%
- YTD
- 0.76%
- 6M
- 0.94%
- 1Y
- 3.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIH vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 0.76% | 8.47% | 1.73% | 4.60% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.44% |
Correlation
The correlation between IBIH and IBIC is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.57 |
Over the past year, the correlation between IBIH and IBIC has dropped to 0.17 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
IBIH vs. IBIC — Risk / Return Rank
IBIH
IBIC
IBIH vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2031 Term TIPS ETF (IBIH) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| IBIH | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.84 | ||
| Sortino ratioReturn per unit of downside risk | -7.27 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 2.22 | -1.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 16.56 | -14.39 |
| Martin ratioReturn relative to average drawdown | 6.69 | 58.67 | -51.98 |
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Drawdowns
IBIH vs. IBIC - Drawdown Comparison
The maximum IBIH drawdown since its inception was -3.94%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for IBIH and IBIC.
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Drawdown Indicators
| IBIH | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -0.90% | -3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -0.27% | -1.43% |
Current DrawdownCurrent decline from peak | -1.45% | -0.08% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -0.10% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.08% | +0.47% |
Volatility
IBIH vs. IBIC - Volatility Comparison
iShares iBonds Oct 2031 Term TIPS ETF (IBIH) has a higher volatility of 1.34% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that IBIH's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIH | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.17% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 0.67% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 0.89% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.94% | 1.56% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 1.56% | +3.38% |
IBIH vs. IBIC - Expense Ratio Comparison
Both IBIH and IBIC 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
IBIH vs. IBIC - Dividend Comparison
IBIH's dividend yield for the trailing twelve months is around 3.93%, more than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% |
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 3.93% | 4.68% | 4.34% | 0.70% |
Frequently Asked Questions
IBIH and IBIC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIH has higher volatility (1.34%) compared to IBIC (0.17%). In terms of maximum drawdown, IBIH dropped -3.94% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs 3.67% for IBIH. Both ETFs have the same 0.10% expense ratio. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.42% return vs 3.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIH and IBIC have the same expense ratio: 0.10% per year.
IBIH has the higher dividend yield at 3.93%, compared with 3.58% for IBIC.
IBIH tracks ICE 2031 Maturity US Inflation-Linked Treasury Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index.
IBIC currently has the higher Sharpe Ratio (4.99 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.
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