IBII vs. IBIE
IBII (iShares iBonds Oct 2032 Term TIPS ETF) and IBIE (iShares iBonds Oct 2028 Term TIPS ETF) are both Inflation-Protected Bonds funds from iShares - IBII tracks the ICE 2032 Maturity US Inflation-Linked Treasury Index while IBIE tracks the ICE 2028 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, IBII returned 2.34% vs 3.00% for IBIE. Their correlation of 0.84 means they have usually moved in the same direction. Both charge a 0.10% expense ratio.
Performance
IBII vs. IBIE - Performance Comparison
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Returns By Period
In the year-to-date period, IBII achieves a 0.98% return, which is significantly lower than IBIE's 1.87% return.
IBII
- 1D
- 0.12%
- 1M
- -0.35%
- 6M
- 0.45%
- YTD
- 0.98%
- 1Y
- 2.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.45%
IBIE
- 1D
- -0.03%
- 1M
- 0.26%
- 6M
- 1.43%
- YTD
- 1.87%
- 1Y
- 3.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $740.01K | $732.57K | $770.84K | |
| $333.58K | $316.65K | $349.04K |
IBII vs. IBIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBII iShares iBonds Oct 2032 Term TIPS ETF | 0.98% | 8.65% | 1.21% | 4.85% |
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 1.87% | 6.46% | 3.95% | 3.31% |
Correlation
The correlation between IBII and IBIE is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.84 |
The correlation between IBII and IBIE shifts across timeframes, from 0.71 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBII vs. IBIE — Risk / Return Rank
IBII
IBIE
IBII vs. IBIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2032 Term TIPS ETF (IBII) and iShares iBonds Oct 2028 Term TIPS ETF (IBIE). 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.
| IBII | IBIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.42 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 4.19 | -3.01 |
| Martin ratioReturn relative to average drawdown | 3.23 | 12.84 | -9.60 |
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Drawdowns
IBII vs. IBIE - Drawdown Comparison
The maximum IBII drawdown since its inception was -4.65%, which is greater than IBIE's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for IBII and IBIE.
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Drawdown Indicators
| IBII | IBIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.65% | -1.70% | -2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -0.72% | -1.26% |
Current DrawdownCurrent decline from peak | -1.29% | -0.23% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -0.38% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.23% | +0.49% |
Volatility
IBII vs. IBIE - Volatility Comparison
iShares iBonds Oct 2032 Term TIPS ETF (IBII) has a higher volatility of 0.77% compared to iShares iBonds Oct 2028 Term TIPS ETF (IBIE) at 0.30%. This indicates that IBII's price experiences larger fluctuations and is considered to be riskier than IBIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBII | IBIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.30% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 1.07% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 1.47% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 2.80% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 2.80% | +2.54% |
IBII vs. IBIE - Expense Ratio Comparison
Both IBII and IBIE 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
IBII vs. IBIE - Dividend Comparison
IBII's dividend yield for the trailing twelve months is around 5.21%, more than IBIE's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 4.96% | 4.09% | 4.23% | 0.75% |
IBII iShares iBonds Oct 2032 Term TIPS ETF | 5.21% | 4.80% | 4.76% | 1.10% |
Frequently Asked Questions
IBII and IBIE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBII has higher volatility (0.77%) compared to IBIE (0.30%). In terms of maximum drawdown, IBII dropped -4.65% vs IBIE's -1.70%.
On 1-year performance, IBIE leads with 3.00% vs 2.34% for IBII. Both ETFs have the same 0.10% expense ratio. On volatility, IBIE has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIE has performed better with a 3.00% return vs 2.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBII and IBIE have the same expense ratio: 0.10% per year.
IBII has the higher dividend yield at 5.21%, compared with 4.96% for IBIE.
IBII tracks ICE 2032 Maturity US Inflation-Linked Treasury Index, while IBIE tracks ICE 2028 Maturity US Inflation-Linked Treasury Index.
IBIE currently has the higher Sharpe Ratio (2.05 vs 0.71), 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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