IBIJ vs. ICPI
IBIJ (iShares iBonds Oct 2033 Term TIPS ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds from iShares. At a correlation of -0.03, they often move in opposite directions. IBIJ charges 0.10%/yr vs 0.09%/yr for ICPI.
Performance
IBIJ vs. ICPI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBIJ achieves a 1.61% return, which is significantly lower than ICPI's 2.51% return.
IBIJ
- 1D
- 0.09%
- 1M
- -0.33%
- YTD
- 1.61%
- 6M
- 1.33%
- 1Y
- 4.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICPI
- 1D
- 0.05%
- 1M
- -0.02%
- YTD
- 2.51%
- 6M
- 2.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIJ vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBIJ iShares iBonds Oct 2033 Term TIPS ETF | 1.61% | -0.05% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.51% | 0.32% |
Correlation
The correlation between IBIJ and ICPI is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBIJ vs. ICPI — Risk / Return Rank
IBIJ
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBIJ vs. ICPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2033 Term TIPS ETF (IBIJ) 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.
| IBIJ | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.20 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | — | — |
| Martin ratioReturn relative to average drawdown | 6.23 | — | — |
Loading charts...
Drawdowns
IBIJ vs. ICPI - Drawdown Comparison
The maximum IBIJ drawdown since its inception was -5.27%, which is greater than ICPI's maximum drawdown of -0.34%. Use the drawdown chart below to compare losses from any high point for IBIJ and ICPI.
Loading charts...
Drawdown Indicators
| IBIJ | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.27% | -0.34% | -4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.25% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -1.29% | -0.05% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | — | — |
Volatility
IBIJ vs. ICPI - Volatility Comparison
Loading charts...
Volatility by Period
| IBIJ | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 0.96% | +3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 0.96% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 0.96% | +4.91% |
IBIJ vs. ICPI - Expense Ratio Comparison
IBIJ 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
IBIJ vs. ICPI - Dividend Comparison
IBIJ's dividend yield for the trailing twelve months is around 3.93%, more than ICPI's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIJ iShares iBonds Oct 2033 Term TIPS ETF | 3.93% | 4.66% | 4.42% | 0.60% |
ICPI iShares 0-1 Year TIPS Bond ETF | 1.80% | 0.54% | 0.00% | 0.00% |
Frequently Asked Questions
IBIJ and ICPI have a correlation of -0.03, 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 IBIJ.
IBIJ has the higher dividend yield at 3.93%, compared with 1.80% for ICPI.
Their fees differ too: 0.10% for IBIJ and 0.09% for ICPI.
Find the right allocation for IBIJ and ICPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer