IBIH vs. ICPI
IBIH (iShares iBonds Oct 2031 Term TIPS ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds from iShares - IBIH tracks the ICE 2031 Maturity US Inflation-Linked Treasury Index while ICPI tracks the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Both are passively managed. Their 0.09 correlation means their historical movements had little consistent relationship. IBIH charges 0.10%/yr vs 0.09%/yr for ICPI.
Performance
IBIH vs. ICPI - Performance Comparison
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Returns By Period
In the year-to-date period, IBIH achieves a 1.12% return, which is significantly lower than ICPI's 2.86% return.
IBIH
- 1D
- 0.07%
- 1M
- -0.18%
- 6M
- 0.59%
- YTD
- 1.12%
- 1Y
- 2.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.54%
ICPI
- 1D
- -0.04%
- 1M
- 0.28%
- 6M
- 2.54%
- YTD
- 2.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $436.09K | $430.66K | $433.48K | |
| $371.25K | $268.76K | $267.83K |
IBIH vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 1.12% | -0.06% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.86% | 0.32% |
Correlation
The correlation between IBIH and ICPI is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.09 |
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Return for Risk
IBIH vs. ICPI — Risk / Return Rank
IBIH
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBIH vs. ICPI - 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 0-1 Year TIPS Bond ETF (ICPI). 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 | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | — | — |
| Martin ratioReturn relative to average drawdown | 3.55 | — | — |
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Drawdowns
IBIH vs. ICPI - Drawdown Comparison
The maximum IBIH drawdown since its inception was -3.94%, which is greater than ICPI's maximum drawdown of -0.34%. Use the drawdown chart below to compare losses from any high point for IBIH and ICPI.
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Drawdown Indicators
| IBIH | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -0.34% | -3.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | — | — |
Current DrawdownCurrent decline from peak | -1.10% | -0.04% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -0.05% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | — | — |
Volatility
IBIH vs. ICPI - Volatility Comparison
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Volatility by Period
| IBIH | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 0.98% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 0.98% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 0.98% | +3.88% |
IBIH vs. ICPI - Expense Ratio Comparison
IBIH has a 0.10% expense ratio, which is higher than ICPI's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBIH vs. ICPI - Dividend Comparison
IBIH's dividend yield for the trailing twelve months is around 4.97%, more than ICPI's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 4.97% | 4.68% | 4.34% | 0.70% |
ICPI iShares 0-1 Year TIPS Bond ETF | 3.24% | 0.54% | 0.00% | 0.00% |
Frequently Asked Questions
IBIH and ICPI have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.10% for IBIH.
IBIH has the higher dividend yield at 4.97%, compared with 3.24% for ICPI.
IBIH tracks ICE 2031 Maturity US Inflation-Linked Treasury Index, while ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Their fees differ too: 0.10% for IBIH and 0.09% for ICPI.
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