IBIL vs. ICPI
IBIL (iShares iBonds Oct 2035 Term TIPS ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds from iShares - IBIL tracks the ICE 2035 Maturity US Treasury TIPS Index while ICPI tracks the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Both are passively managed. Their -0.10 correlation means they have often moved in opposite directions in the past. IBIL charges 0.10%/yr vs 0.09%/yr for ICPI.
Performance
IBIL vs. ICPI - Performance Comparison
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Returns By Period
In the year-to-date period, IBIL achieves a 0.60% return, which is significantly lower than ICPI's 2.78% return.
IBIL
- 1D
- 0.13%
- 1M
- -0.59%
- 6M
- 0.56%
- YTD
- 0.60%
- 1Y
- 2.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.96%
ICPI
- 1D
- -0.08%
- 1M
- 0.20%
- 6M
- 2.43%
- YTD
- 2.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $384.77K | $347.69K | $275.27K | |
| $488.52K | $323.13K | $288.99K |
IBIL vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBIL iShares iBonds Oct 2035 Term TIPS ETF | 0.60% | -0.01% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.78% | 0.32% |
Correlation
The correlation between IBIL and ICPI is -0.10, 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 | -0.10 |
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Return for Risk
IBIL vs. ICPI — Risk / Return Rank
IBIL
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBIL vs. ICPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2035 Term TIPS ETF (IBIL) 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.
| IBIL | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | — | — |
| Martin ratioReturn relative to average drawdown | 2.03 | — | — |
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Drawdowns
IBIL vs. ICPI - Drawdown Comparison
The maximum IBIL drawdown since its inception was -5.28%, which is greater than ICPI's maximum drawdown of -0.34%. Use the drawdown chart below to compare losses from any high point for IBIL and ICPI.
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Drawdown Indicators
| IBIL | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.28% | -0.34% | -4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | — | — |
Current DrawdownCurrent decline from peak | -1.62% | -0.12% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -0.05% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | — | — |
Volatility
IBIL vs. ICPI - Volatility Comparison
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Volatility by Period
| IBIL | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 0.99% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | 0.99% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 0.99% | +6.86% |
IBIL vs. ICPI - Expense Ratio Comparison
IBIL 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
IBIL vs. ICPI - Dividend Comparison
IBIL's dividend yield for the trailing twelve months is around 5.14%, more than ICPI's 3.24% yield.
| Position | TTM | 2025 |
|---|---|---|
IBIL iShares iBonds Oct 2035 Term TIPS ETF | 5.14% | 2.93% |
ICPI iShares 0-1 Year TIPS Bond ETF | 3.24% | 0.54% |
Frequently Asked Questions
IBIL and ICPI have a correlation of -0.10, 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 IBIL.
IBIL has the higher dividend yield at 5.14%, compared with 3.24% for ICPI.
IBIL tracks ICE 2035 Maturity US Treasury TIPS Index, while ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Their fees differ too: 0.10% for IBIL and 0.09% for ICPI.
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