INCO vs. IBIC
INCO (Columbia India Consumer ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - INCO is a Asia Pacific Equities fund tracking the Indxx India Consumer 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, INCO returned -5.19% vs 4.38% for IBIC. At a correlation of -0.03, they often move in opposite directions. INCO charges 0.75%/yr vs 0.10%/yr for IBIC.
Performance
INCO vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, INCO achieves a -7.34% return, which is significantly lower than IBIC's 2.39% return.
INCO
- 1D
- 0.36%
- 1M
- 3.89%
- YTD
- -7.34%
- 6M
- -7.14%
- 1Y
- -5.19%
- 3Y*
- 8.08%
- 5Y*
- 7.03%
- 10Y*
- 9.09%
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INCO vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
INCO Columbia India Consumer ETF | -7.34% | 0.59% | 12.70% | 13.73% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between INCO 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 15, 2023 | -0.03 |
Over the past year, the inverse relationship between INCO and IBIC has strengthened: their correlation has moved from -0.03 to -0.27, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
INCO vs. IBIC — Risk / Return Rank
INCO
IBIC
INCO vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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.
| INCO | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.25 | ||
| Sortino ratioReturn per unit of downside risk | -9.23 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 2.21 | -1.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 16.41 | -16.66 |
| Martin ratioReturn relative to average drawdown | -0.59 | 58.11 | -58.70 |
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Drawdowns
INCO vs. IBIC - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for INCO and IBIC.
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Drawdown Indicators
| INCO | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -0.90% | -46.79% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -0.27% | -21.10% |
Max Drawdown (3Y)Largest decline over 3 years | -29.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | — | — |
Current DrawdownCurrent decline from peak | -21.09% | -0.11% | -20.98% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -0.10% | -10.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.84% | 0.08% | +8.76% |
Volatility
INCO vs. IBIC - Volatility Comparison
Columbia India Consumer ETF (INCO) has a higher volatility of 4.93% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that INCO'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
| INCO | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 0.16% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 0.67% | +13.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.01% | 0.89% | +16.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 1.57% | +15.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 1.57% | +18.76% |
INCO vs. IBIC - Expense Ratio Comparison
INCO has a 0.75% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
INCO vs. IBIC - Dividend Comparison
INCO has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
INCO Columbia India Consumer ETF | 0.00% | 0.00% | 2.88% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% |
Frequently Asked Questions
INCO 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.
INCO has higher volatility (4.93%) compared to IBIC (0.16%). In terms of maximum drawdown, INCO dropped -47.69% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.38% vs -5.19% for INCO. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. 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 4.38% return vs -5.19%. 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 0.75% for INCO.
IBIC has the higher dividend yield at 3.59%, compared with 0.00% for INCO.
INCO is categorized as Asia Pacific Equities, while IBIC is Inflation-Protected Bonds. INCO tracks Indxx India Consumer Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Ameriprise Financial and iShares. Their fees differ too: 0.75% for INCO and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs -0.31), 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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