IBIM vs. ICPI

Last updated Jun 30, 2026

IBIM (iShares iBonds Oct 2036 Term TIPS ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds from iShares. At a correlation of -0.09, they often move in opposite directions.

Performance

IBIM vs. ICPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2036 Term TIPS ETF (IBIM) and iShares 0-1 Year TIPS Bond ETF (ICPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBIM

• 1D: 0.36%
• 1M: 0.14%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ICPI

• 1D: 0.05%
• 1M: -0.02%
• YTD: 2.51%
• 6M: 2.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBIM vs. ICPI - Yearly Performance Comparison

	2026 (YTD)
IBIM iShares iBonds Oct 2036 Term TIPS ETF	1.94%
ICPI iShares 0-1 Year TIPS Bond ETF	1.20%

Correlation

The correlation between IBIM and ICPI is -0.09, 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 Mar 26, 2026	-0.09

Return for Risk

IBIM vs. ICPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2036 Term TIPS ETF (IBIM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

IBIM vs. ICPI - Drawdown Comparison

The maximum IBIM drawdown since its inception was -1.84%, which is greater than ICPI's maximum drawdown of -0.34%. Use the drawdown chart below to compare losses from any high point for IBIM and ICPI.

Drawdown Indicators

	IBIM	ICPI	Difference
Max Drawdown Largest peak-to-trough decline	-1.84%	-0.34%	-1.50%
Current Drawdown Current decline from peak	-0.18%	-0.25%	+0.07%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.05%	-0.46%

Volatility

Volatility by Period

	IBIM	ICPI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.85%	0.96%	+3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.85%	0.96%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.85%	0.96%	+3.89%

Dividends

IBIM vs. ICPI - Dividend Comparison

IBIM has not paid dividends to shareholders, while ICPI's dividend yield for the trailing twelve months is around 1.80%.

Position	TTM	2025
IBIM iShares iBonds Oct 2036 Term TIPS ETF	0.00%	0.00%
ICPI iShares 0-1 Year TIPS Bond ETF	1.80%	0.54%

Frequently Asked Questions

Can I hold both IBIM and ICPI in my portfolio?

IBIM 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.

Which ETF pays a higher dividend yield, IBIM or ICPI?

ICPI has the higher dividend yield at 1.80%, compared with 0.00% for IBIM.