IBMQ vs. TSCM

Last updated Jun 24, 2026

IBMQ (iShares iBonds Dec 2028 Term Muni Bond ETF) and TSCM (TimesSquare Quality Mid Cap Growth ETF) are both exchange-traded funds - IBMQ is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 Index, while TSCM is a Mid Cap Growth Equities fund actively managed by TimesSquare Capital Management. IBMQ is passively managed, while TSCM is actively managed. At a 0.21 correlation, their price movements are largely independent. IBMQ charges 0.18%/yr vs 0.55%/yr for TSCM.

Performance

IBMQ vs. TSCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) and TimesSquare Quality Mid Cap Growth ETF (TSCM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBMQ achieves a 0.93% return, which is significantly lower than TSCM's 2.68% return.

IBMQ

• 1D: 0.00%
• 1M: 0.52%
• YTD: 0.93%
• 6M: 1.12%
• 1Y: 3.24%
• 3Y*: 2.84%
• 5Y*: 0.55%
• 10Y*: —

TSCM

• 1D: -1.29%
• 1M: 3.17%
• YTD: 2.68%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBMQ vs. TSCM - Yearly Performance Comparison

	2026 (YTD)	2025
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF	0.93%	0.10%
TSCM TimesSquare Quality Mid Cap Growth ETF	2.68%	-1.32%

Correlation

The correlation between IBMQ and TSCM is 0.21, 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 30, 2025	0.21

Return for Risk

IBMQ vs. TSCM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBMQ

IBMQ Risk / Return Rank: 78
IBMQ Sharpe Ratio Rank: 90
IBMQ Sortino Ratio Rank: 93
IBMQ Omega Ratio Rank: 92
IBMQ Calmar Ratio Rank: 64
IBMQ Martin Ratio Rank: 49

TSCM

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBMQ vs. TSCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) 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.

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.

	IBMQ	TSCM	Difference
Sharpe ratio: Return per unit of total volatility	2.74	—	—
Sortino ratio: Return per unit of downside risk	4.13	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	2.89	—	—
Martin ratio: Return relative to average drawdown	7.58	—	—

Drawdowns

IBMQ vs. TSCM - Drawdown Comparison

The maximum IBMQ drawdown since its inception was -15.85%, which is greater than TSCM's maximum drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for IBMQ and TSCM.

Drawdown Indicators

	IBMQ	TSCM	Difference
Max Drawdown Largest peak-to-trough decline	-15.85%	-14.87%	-0.98%
Max Drawdown (1Y) Largest decline over 1 year	-1.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.51%	—	—
Current Drawdown Current decline from peak	-0.09%	-1.52%	+1.43%
Average Drawdown Average peak-to-trough decline	-3.23%	-5.79%	+2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	—	—

Volatility

Volatility by Period

	IBMQ	TSCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.19%	21.15%	-19.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.95%	21.15%	-18.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.53%	21.15%	-15.62%

IBMQ vs. TSCM - Expense Ratio Comparison

IBMQ has a 0.18% expense ratio, which is lower than TSCM's 0.55% expense ratio.

Dividends

IBMQ vs. TSCM - Dividend Comparison

IBMQ's dividend yield for the trailing twelve months is around 2.44%, while TSCM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF	2.44%	2.43%	2.33%	1.93%	1.25%	1.05%	1.24%	1.03%
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

Can I hold both IBMQ and TSCM in my portfolio?

IBMQ and TSCM 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.

Which ETF is better, IBMQ or TSCM?

On fees, IBMQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBMQ or TSCM?

IBMQ is cheaper with a 0.18% expense ratio, compared with 0.55% for TSCM.

Which ETF pays a higher dividend yield, IBMQ or TSCM?

IBMQ has the higher dividend yield at 2.44%, compared with 0.00% for TSCM.

What is the main difference between IBMQ and TSCM?

IBMQ 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 IBMQ and 0.55% for TSCM.