IBMO vs. TSCM
IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) and TSCM (TimesSquare Quality Mid Cap Growth ETF) are both exchange-traded funds - IBMO is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index, while TSCM is a Mid Cap Growth Equities fund actively managed by TimesSquare Capital Management. IBMO is passively managed, while TSCM is actively managed. At a 0.12 correlation, their price movements are largely independent. IBMO charges 0.18%/yr vs 0.55%/yr for TSCM.
Performance
IBMO vs. TSCM - Performance Comparison
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Returns By Period
In the year-to-date period, IBMO achieves a 0.95% return, which is significantly lower than TSCM's 4.20% return.
IBMO
- 1D
- 0.01%
- 1M
- 0.17%
- YTD
- 0.95%
- 6M
- 1.30%
- 1Y
- 2.78%
- 3Y*
- 2.93%
- 5Y*
- 0.67%
- 10Y*
- —
TSCM
- 1D
- 0.86%
- 1M
- 6.03%
- YTD
- 4.20%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMO vs. TSCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 0.95% | -0.03% |
TSCM TimesSquare Quality Mid Cap Growth ETF | 4.20% | -0.86% |
Correlation
The correlation between IBMO and TSCM is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 31, 2025 | 0.12 |
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Return for Risk
IBMO vs. TSCM — Risk / Return Rank
IBMO
TSCM
IBMO vs. TSCM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) and TimesSquare Quality Mid Cap Growth ETF (TSCM). 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.
| IBMO | TSCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.53 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.38 | — | — |
| Martin ratioReturn relative to average drawdown | 21.93 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBMO | TSCM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.38 | +0.03 |
Drawdowns
IBMO vs. TSCM - Drawdown Comparison
The maximum IBMO drawdown since its inception was -14.77%, roughly equal to the maximum TSCM drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for IBMO and TSCM.
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Drawdown Indicators
| IBMO | TSCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.77% | -14.87% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -8.86% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.07% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -6.27% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | — | — |
Volatility
IBMO vs. TSCM - Volatility Comparison
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Volatility by Period
| IBMO | TSCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 20.97% | -19.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.15% | 20.97% | -18.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 20.97% | -16.45% |
IBMO vs. TSCM - Expense Ratio Comparison
IBMO has a 0.18% expense ratio, which is lower than TSCM's 0.55% expense ratio.
Dividends
IBMO vs. TSCM - Dividend Comparison
IBMO's dividend yield for the trailing twelve months is around 2.39%, while TSCM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.39% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% |
TSCM TimesSquare Quality Mid Cap Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBMO and TSCM have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBMO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBMO is cheaper with a 0.18% expense ratio, compared with 0.55% for TSCM.
IBMO has the higher dividend yield at 2.39%, compared with 0.00% for TSCM.
IBMO is categorized as Municipal Bonds, while TSCM is Mid Cap Growth Equities. They also come from different issuers: iShares and TimesSquare Capital Management. Their fees differ too: 0.18% for IBMO and 0.55% for TSCM.
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