IBIJ vs. IWM
IBIJ (iShares iBonds Oct 2033 Term TIPS ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - IBIJ is a Inflation-Protected Bonds fund managed by iShares, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past year, IBIJ returned 4.51% vs 40.19% for IWM. At a 0.19 correlation, their price movements are largely independent. IBIJ charges 0.10%/yr vs 0.19%/yr for IWM.
Performance
IBIJ vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, IBIJ achieves a 1.61% return, which is significantly lower than IWM's 21.96% return.
IBIJ
- 1D
- 0.09%
- 1M
- -0.33%
- YTD
- 1.61%
- 6M
- 1.33%
- 1Y
- 4.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWM
- 1D
- -0.29%
- 1M
- 3.19%
- YTD
- 21.96%
- 6M
- 20.14%
- 1Y
- 40.19%
- 3Y*
- 18.26%
- 5Y*
- 6.76%
- 10Y*
- 11.44%
IBIJ vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIJ iShares iBonds Oct 2033 Term TIPS ETF | 1.61% | 8.59% | 0.69% | 4.98% |
IWM iShares Russell 2000 ETF | 21.96% | 12.66% | 11.38% | 12.53% |
Correlation
The correlation between IBIJ and IWM is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.19 |
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Return for Risk
IBIJ vs. IWM — Risk / Return Rank
IBIJ
IWM
IBIJ vs. IWM - 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 Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 3.66 | -1.71 |
| Martin ratioReturn relative to average drawdown | 6.23 | 12.95 | -6.72 |
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Drawdowns
IBIJ vs. IWM - Drawdown Comparison
The maximum IBIJ drawdown since its inception was -5.27%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IBIJ and IWM.
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Drawdown Indicators
| IBIJ | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.27% | -59.05% | +53.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -11.03% | +8.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.29% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -1.29% | -10.74% | +9.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 3.11% | -2.39% |
Volatility
IBIJ vs. IWM - Volatility Comparison
The current volatility for iShares iBonds Oct 2033 Term TIPS ETF (IBIJ) is 1.51%, while iShares Russell 2000 ETF (IWM) has a volatility of 6.31%. This indicates that IBIJ experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIJ | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 6.31% | -4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 14.27% | -11.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 19.63% | -15.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 22.60% | -16.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 23.02% | -17.15% |
IBIJ vs. IWM - Expense Ratio Comparison
IBIJ has a 0.10% expense ratio, which is lower than IWM's 0.19% expense ratio. Despite the difference, 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. IWM - Dividend Comparison
IBIJ's dividend yield for the trailing twelve months is around 3.93%, more than IWM's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIJ iShares iBonds Oct 2033 Term TIPS ETF | 3.93% | 4.66% | 4.42% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 0.89% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
IBIJ and IWM have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (6.31%) compared to IBIJ (1.51%). In terms of maximum drawdown, IBIJ dropped -5.27% vs IWM's -59.05%.
On 1-year performance, IWM leads with 40.19% vs 4.51% for IBIJ. On fees, IBIJ is cheaper at 0.10% per year. On volatility, IBIJ has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWM has performed better with a 40.19% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIJ is cheaper with a 0.10% expense ratio, compared with 0.19% for IWM.
IBIJ has the higher dividend yield at 3.93%, compared with 0.89% for IWM.
IBIJ is categorized as Inflation-Protected Bonds, while IWM is Small Cap Blend Equities. Their fees differ too: 0.10% for IBIJ and 0.19% for IWM.
IWM currently has the higher Sharpe Ratio (2.06 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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