IMVP vs. IBIC
IMVP (Invesco India ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - IMVP is a Emerging Markets Equities fund tracking the FTSE India Quality and Yield Select Index, 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, IMVP returned -11.95% vs 4.12% for IBIC. Their -0.05 correlation means they have often moved in opposite directions in the past. IMVP charges 0.78%/yr vs 0.10%/yr for IBIC.
Performance
IMVP vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, IMVP achieves a -13.59% return, which is significantly lower than IBIC's 2.67% return.
IMVP
- 1D
- 1.09%
- 1M
- 1.29%
- 6M
- -12.62%
- YTD
- -13.59%
- 1Y
- -11.95%
- 3Y*
- 2.31%
- 5Y*
- 2.53%
- 10Y*
- 7.75%
- ALL TIME*
- 3.41%
IBIC
- 1D
- -0.02%
- 1M
- 0.22%
- 6M
- 2.43%
- YTD
- 2.67%
- 1Y
- 4.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $841.31K | $530.52K | |
| $2.34M | $1.44M | $1.19M |
IMVP vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IMVP Invesco India ETF | -13.59% | 1.30% | 9.07% | 8.19% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.67% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between IMVP and IBIC is -0.30, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.05 |
Over the past year, the inverse relationship between IMVP and IBIC has strengthened: their correlation has moved from -0.05 to -0.30, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IMVP vs. IBIC — Risk / Return Rank
IMVP
IBIC
IMVP vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco India ETF (IMVP) 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.
| IMVP | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.40 | ||
| Sortino ratioReturn per unit of downside risk | -9.25 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 2.12 | -1.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 15.46 | -16.05 |
| Martin ratioReturn relative to average drawdown | -1.16 | 52.95 | -54.11 |
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Drawdowns
IMVP vs. IBIC - Drawdown Comparison
The maximum IMVP drawdown since its inception was -64.54%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for IMVP and IBIC.
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Drawdown Indicators
| IMVP | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -0.90% | -63.64% |
Max Drawdown (1Y)Largest decline over 1 year | -20.00% | -0.27% | -19.73% |
Max Drawdown (3Y)Largest decline over 3 years | -25.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | — | — |
Current DrawdownCurrent decline from peak | -21.44% | -0.08% | -21.36% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -0.10% | -16.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.28% | 0.08% | +10.20% |
Volatility
IMVP vs. IBIC - Volatility Comparison
Invesco India ETF (IMVP) has a higher volatility of 3.39% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.23%. This indicates that IMVP'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
| IMVP | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 0.23% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 0.69% | +13.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.54% | 0.89% | +15.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 1.54% | +14.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 1.54% | +17.97% |
IMVP vs. IBIC - Expense Ratio Comparison
IMVP has a 0.78% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
IMVP vs. IBIC - Dividend Comparison
IMVP's dividend yield for the trailing twelve months is around 11.66%, more than IBIC's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMVP Invesco India ETF | 11.66% | 7.39% | 8.48% | 2.08% | 14.07% | 6.95% | 0.72% | 36.35% | 0.96% | 1.01% | 1.18% | 0.61% |
Frequently Asked Questions
IMVP and IBIC have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMVP has higher volatility (3.39%) compared to IBIC (0.23%). In terms of maximum drawdown, IMVP dropped -64.54% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.12% vs -11.95% for IMVP. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.23%. 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 4.12% return vs -11.95%. 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 0.78% for IMVP.
IMVP has the higher dividend yield at 11.66%, compared with 4.62% for IBIC.
IMVP is categorized as Emerging Markets Equities, while IBIC is Inflation-Protected Bonds. IMVP tracks FTSE India Quality and Yield Select Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.78% for IMVP and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.67 vs -0.73), 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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