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 -16.87% vs 4.54% for IBIC. At a correlation of -0.04, they often move in opposite directions. 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 -16.08% return, which is significantly lower than IBIC's 2.37% return.
IMVP
- 1D
- -2.11%
- 1M
- -2.53%
- YTD
- -16.08%
- 6M
- -14.80%
- 1Y
- -16.87%
- 3Y*
- 2.95%
- 5Y*
- 2.42%
- 10Y*
- 8.19%
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMVP vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IMVP Invesco India ETF | -16.08% | 1.30% | 9.07% | 8.68% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between IMVP and IBIC is -0.27, 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 | -0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | -0.04 |
Over the past year, the inverse relationship between IMVP and IBIC has strengthened: their correlation has moved from -0.04 to -0.27, 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.
| IMVP | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.10 | ||
| Sortino ratioReturn per unit of downside risk | -10.58 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 2.24 | -1.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 17.27 | -18.06 |
| Martin ratioReturn relative to average drawdown | -1.84 | 67.45 | -69.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IMVP | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 5.05 | -6.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 3.49 | -3.38 |
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 | -21.44% | -0.26% | -21.18% |
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 | -23.71% | -0.13% | -23.58% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -0.10% | -16.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 0.07% | +9.09% |
Volatility
IMVP vs. IBIC - Volatility Comparison
Invesco India ETF (IMVP) has a higher volatility of 6.00% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. 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 | 6.00% | 0.33% | +5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 0.67% | +13.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.17% | 0.90% | +15.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 1.58% | +14.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 1.58% | +18.01% |
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 8.81%, more 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% |
IMVP Invesco India ETF | 8.81% | 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 -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMVP has higher volatility (6.00%) compared to IBIC (0.33%). In terms of maximum drawdown, IMVP dropped -64.54% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.54% vs -16.87% for IMVP. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. 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 4.54% return vs -16.87%. 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 8.81%, compared with 3.59% 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 (5.05 vs -1.05), 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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