ICPI vs. RBIL
ICPI (iShares 0-1 Year TIPS Bond ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both Inflation-Protected Bonds funds - ICPI tracks the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index while RBIL tracks the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. ICPI charges 0.09%/yr vs 0.17%/yr for RBIL.
Performance
ICPI vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, ICPI achieves a 2.86% return, which is significantly higher than RBIL's 2.68% return.
ICPI
- 1D
- -0.04%
- 1M
- 0.28%
- 6M
- 2.54%
- YTD
- 2.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
RBIL
- 1D
- -0.02%
- 1M
- 0.24%
- 6M
- 2.36%
- YTD
- 2.68%
- 1Y
- 3.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $371.25K | $268.76K | $267.83K | |
| $1.11M | $1.90M | $2.32M |
ICPI vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 2.86% | 0.32% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.68% | 0.31% |
Correlation
The correlation between ICPI and RBIL is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.78 |
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Return for Risk
ICPI vs. RBIL — Risk / Return Rank
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RBIL
ICPI vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year TIPS Bond ETF (ICPI) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.00 | — |
| Martin ratioReturn relative to average drawdown | — | 28.60 | — |
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Drawdowns
ICPI vs. RBIL - Drawdown Comparison
The maximum ICPI drawdown since its inception was -0.34%, smaller than the maximum RBIL drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for ICPI and RBIL.
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Drawdown Indicators
| ICPI | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.34% | -0.56% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.56% | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.15% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.08% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.14% | — |
Volatility
ICPI vs. RBIL - Volatility Comparison
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Volatility by Period
| ICPI | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.98% | 0.96% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.98% | 1.06% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.98% | 1.06% | -0.08% |
ICPI vs. RBIL - Expense Ratio Comparison
ICPI has a 0.09% expense ratio, which is lower than RBIL's 0.17% 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. RBIL - Dividend Comparison
ICPI's dividend yield for the trailing twelve months is around 3.24%, less than RBIL's 4.16% yield.
| Position | TTM | 2025 |
|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 3.24% | 0.54% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.16% | 3.65% |
Frequently Asked Questions
ICPI and RBIL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.17% for RBIL.
RBIL has the higher dividend yield at 4.16%, compared with 3.24% for ICPI.
ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: iShares and F/m. Their fees differ too: 0.09% for ICPI and 0.17% for RBIL.
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