IBND vs. IBIC
IBND (SPDR Bloomberg Barclays International Corporate Bond ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - IBND is a Corporate Bonds fund tracking the Bloomberg Global Aggregate x USD >$1B: Corporate Bond, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, IBND returned -0.76% vs 4.40% for IBIC. At a 0.20 correlation, their price movements are largely independent. IBND charges 0.50%/yr vs 0.10%/yr for IBIC.
Performance
IBND vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, IBND achieves a -2.27% return, which is significantly lower than IBIC's 2.33% return.
IBND
- 1D
- 0.03%
- 1M
- -1.10%
- YTD
- -2.27%
- 6M
- -2.40%
- 1Y
- -0.76%
- 3Y*
- 5.73%
- 5Y*
- -1.33%
- 10Y*
- 0.70%
IBIC
- 1D
- -0.10%
- 1M
- 0.02%
- YTD
- 2.33%
- 6M
- 2.35%
- 1Y
- 4.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBND vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -2.27% | 16.17% | -2.81% | 8.57% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.33% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between IBND and IBIC is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.20 |
The correlation between IBND and IBIC shifts across timeframes, from -0.17 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBND vs. IBIC — Risk / Return Rank
IBND
IBIC
IBND vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| IBND | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.05 | ||
| Sortino ratioReturn per unit of downside risk | -8.95 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.21 | -1.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 16.49 | -16.60 |
| Martin ratioReturn relative to average drawdown | -0.29 | 57.80 | -58.08 |
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Drawdowns
IBND vs. IBIC - Drawdown Comparison
The maximum IBND drawdown since its inception was -35.62%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for IBND and IBIC.
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Drawdown Indicators
| IBND | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -0.90% | -34.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -0.27% | -6.48% |
Max Drawdown (3Y)Largest decline over 3 years | -9.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.62% | — | — |
Current DrawdownCurrent decline from peak | -10.55% | -0.17% | -10.38% |
Average DrawdownAverage peak-to-trough decline | -10.63% | -0.10% | -10.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 0.08% | +2.58% |
Volatility
IBND vs. IBIC - Volatility Comparison
SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a higher volatility of 2.05% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.19%. This indicates that IBND's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBND | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.19% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 6.29% | 0.67% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.03% | 0.90% | +7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.75% | 1.56% | +8.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 1.56% | +7.36% |
IBND vs. IBIC - Expense Ratio Comparison
IBND has a 0.50% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
IBND vs. IBIC - Dividend Comparison
IBND's dividend yield for the trailing twelve months is around 2.77%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.77% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
Frequently Asked Questions
IBND and IBIC have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBND has higher volatility (2.05%) compared to IBIC (0.19%). In terms of maximum drawdown, IBND dropped -35.62% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.40% vs -0.76% for IBND. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.40% return vs -0.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.50% for IBND.
IBIC has the higher dividend yield at 3.59%, compared with 2.77% for IBND.
IBND is categorized as Corporate Bonds, while IBIC is Inflation-Protected Bonds. IBND tracks Bloomberg Global Aggregate x USD >$1B: Corporate Bond, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for IBND and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.95 vs -0.10), 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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