ICPI vs. IBIG

Last updated Jun 25, 2026

ICPI (iShares 0-1 Year TIPS Bond ETF) and IBIG (iShares iBonds Oct 2030 Term TIPS ETF) are both Inflation-Protected Bonds funds from iShares - ICPI tracks the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index while IBIG tracks the ICE 2030 Maturity US Inflation-Linked Treasury Index. Both are passively managed. At a 0.16 correlation, their price movements are largely independent. ICPI charges 0.09%/yr vs 0.10%/yr for IBIG.

Performance

ICPI vs. IBIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-1 Year TIPS Bond ETF (ICPI) and iShares iBonds Oct 2030 Term TIPS ETF (IBIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICPI achieves a 2.42% return, which is significantly higher than IBIG's 0.89% return.

ICPI

• 1D: -0.06%
• 1M: -0.07%
• YTD: 2.42%
• 6M: 2.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIG

• 1D: 0.15%
• 1M: -0.28%
• YTD: 0.89%
• 6M: 0.95%
• 1Y: 3.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ICPI vs. IBIG - Yearly Performance Comparison

	2026 (YTD)	2025
ICPI iShares 0-1 Year TIPS Bond ETF	2.42%	0.32%
IBIG iShares iBonds Oct 2030 Term TIPS ETF	0.89%	0.08%

Correlation

The correlation between ICPI and IBIG is 0.16, 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 Nov 20, 2025	0.16

Return for Risk

ICPI vs. IBIG — Risk / Return Rank

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

ICPI

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

IBIG

IBIG Risk / Return Rank: 48
IBIG Sharpe Ratio Rank: 42
IBIG Sortino Ratio Rank: 44
IBIG Omega Ratio Rank: 41
IBIG Calmar Ratio Rank: 60
IBIG Martin Ratio Rank: 52

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.

ICPI vs. IBIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year TIPS Bond ETF (ICPI) and iShares iBonds Oct 2030 Term TIPS ETF (IBIG). 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.

	ICPI	IBIG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.31	—
Sortino ratio: Return per unit of downside risk	—	1.98	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.59	—
Martin ratio: Return relative to average drawdown	—	7.80	—

Drawdowns

ICPI vs. IBIG - Drawdown Comparison

The maximum ICPI drawdown since its inception was -0.34%, smaller than the maximum IBIG drawdown of -3.21%. Use the drawdown chart below to compare losses from any high point for ICPI and IBIG.

Drawdown Indicators

	ICPI	IBIG	Difference
Max Drawdown Largest peak-to-trough decline	-0.34%	-3.21%	+2.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.35%	—
Current Drawdown Current decline from peak	-0.34%	-1.17%	+0.83%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.77%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.45%	—

Volatility

Volatility by Period

	ICPI	IBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.96%	2.66%	-1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.96%	4.28%	-3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.96%	4.28%	-3.32%

ICPI vs. IBIG - Expense Ratio Comparison

ICPI has a 0.09% expense ratio, which is lower than IBIG's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ICPI vs. IBIG - Dividend Comparison

ICPI's dividend yield for the trailing twelve months is around 1.80%, less than IBIG's 3.92% yield.

Position	TTM	2025	2024	2023
IBIG iShares iBonds Oct 2030 Term TIPS ETF	3.92%	4.70%	4.15%	0.78%
ICPI iShares 0-1 Year TIPS Bond ETF	1.80%	0.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ICPI and IBIG in my portfolio?

ICPI and IBIG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ICPI or IBIG?

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.

Which ETF is cheaper, ICPI or IBIG?

ICPI is cheaper with a 0.09% expense ratio, compared with 0.10% for IBIG.

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

IBIG has the higher dividend yield at 3.92%, compared with 1.80% for ICPI.

What is the main difference between ICPI and IBIG?

ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index, while IBIG tracks ICE 2030 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.09% for ICPI and 0.10% for IBIG.