INDE vs. IBIC
INDE (Matthews India Active ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - INDE is a Asia Pacific Equities fund actively managed by Matthews, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. INDE is actively managed, while IBIC is passively managed. Over the past year, INDE returned -0.24% vs 4.42% for IBIC. At a correlation of -0.02, they often move in opposite directions. INDE charges 0.79%/yr vs 0.10%/yr for IBIC.
Performance
INDE vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, INDE achieves a -4.05% return, which is significantly lower than IBIC's 2.43% return.
INDE
- 1D
- -1.57%
- 1M
- 6.93%
- YTD
- -4.05%
- 6M
- -5.69%
- 1Y
- -0.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INDE vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
INDE Matthews India Active ETF | -4.05% | 2.39% | 10.95% | 7.84% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.47% |
Correlation
The correlation between INDE and IBIC is -0.22, 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 | -0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | -0.02 |
The correlation between INDE and IBIC shifts across timeframes, from -0.22 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INDE vs. IBIC — Risk / Return Rank
INDE
IBIC
INDE vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews India Active ETF (INDE) 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.
| INDE | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.00 | ||
| Sortino ratioReturn per unit of downside risk | -8.87 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 2.22 | -1.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 16.56 | -16.58 |
| Martin ratioReturn relative to average drawdown | -0.03 | 58.67 | -58.71 |
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Drawdowns
INDE vs. IBIC - Drawdown Comparison
The maximum INDE drawdown since its inception was -22.89%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for INDE and IBIC.
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Drawdown Indicators
| INDE | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.89% | -0.90% | -21.99% |
Max Drawdown (1Y)Largest decline over 1 year | -19.10% | -0.27% | -18.83% |
Current DrawdownCurrent decline from peak | -11.14% | -0.08% | -11.06% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -0.10% | -7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.40% | 0.08% | +7.32% |
Volatility
INDE vs. IBIC - Volatility Comparison
Matthews India Active ETF (INDE) has a higher volatility of 5.98% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that INDE'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
| INDE | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 0.17% | +5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.87% | 0.67% | +14.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 0.89% | +16.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 1.56% | +15.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 1.56% | +15.06% |
INDE vs. IBIC - Expense Ratio Comparison
INDE has a 0.79% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
INDE vs. IBIC - Dividend Comparison
INDE's dividend yield for the trailing twelve months is around 1.83%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% |
INDE Matthews India Active ETF | 1.83% | 1.75% | 0.56% | 0.00% |
Frequently Asked Questions
INDE and IBIC have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDE has higher volatility (5.98%) compared to IBIC (0.17%). In terms of maximum drawdown, INDE dropped -22.89% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -0.24% for INDE. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. 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 4.42% return vs -0.24%. 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 0.79% for INDE.
IBIC has the higher dividend yield at 3.58%, compared with 1.83% for INDE.
INDE is categorized as Asia Pacific Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for INDE and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.01), 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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