INQQ vs. IBIC
INQQ (India Internet & Ecommerce ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - INQQ is a Asia Pacific Equities fund tracking the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, 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, INQQ returned -18.83% vs 4.42% for IBIC. At a correlation of -0.01, they often move in opposite directions. INQQ charges 0.86%/yr vs 0.10%/yr for IBIC.
Performance
INQQ vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, INQQ achieves a -13.94% return, which is significantly lower than IBIC's 2.43% return.
INQQ
- 1D
- -1.65%
- 1M
- 3.88%
- YTD
- -13.94%
- 6M
- -15.10%
- 1Y
- -18.83%
- 3Y*
- 3.36%
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INQQ vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
INQQ India Internet & Ecommerce ETF | -13.94% | -7.05% | 19.12% | 7.22% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between INQQ and IBIC is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.01 |
The correlation between INQQ and IBIC shifts across timeframes, from -0.18 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INQQ vs. IBIC — Risk / Return Rank
INQQ
IBIC
INQQ vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for India Internet & Ecommerce ETF (INQQ) 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.
| INQQ | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.05 | ||
| Sortino ratioReturn per unit of downside risk | -10.47 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 2.22 | -1.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 16.56 | -17.19 |
| Martin ratioReturn relative to average drawdown | -1.24 | 58.67 | -59.91 |
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Drawdowns
INQQ vs. IBIC - Drawdown Comparison
The maximum INQQ drawdown since its inception was -40.53%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for INQQ and IBIC.
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Drawdown Indicators
| INQQ | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.53% | -0.90% | -39.63% |
Max Drawdown (1Y)Largest decline over 1 year | -30.41% | -0.27% | -30.14% |
Max Drawdown (3Y)Largest decline over 3 years | -32.45% | — | — |
Current DrawdownCurrent decline from peak | -24.27% | -0.08% | -24.19% |
Average DrawdownAverage peak-to-trough decline | -17.15% | -0.10% | -17.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.24% | 0.08% | +15.16% |
Volatility
INQQ vs. IBIC - Volatility Comparison
India Internet & Ecommerce ETF (INQQ) has a higher volatility of 5.53% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that INQQ'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
| INQQ | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 0.17% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.10% | 0.67% | +14.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 0.89% | +17.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.98% | 1.56% | +18.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 1.56% | +18.42% |
INQQ vs. IBIC - Expense Ratio Comparison
INQQ has a 0.86% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
INQQ vs. IBIC - Dividend Comparison
INQQ's dividend yield for the trailing twelve months is around 2.59%, 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% |
INQQ India Internet & Ecommerce ETF | 2.59% | 2.23% | 1.18% | 0.04% |
Frequently Asked Questions
INQQ and IBIC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INQQ has higher volatility (5.53%) compared to IBIC (0.17%). In terms of maximum drawdown, INQQ dropped -40.53% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -18.83% for INQQ. 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 -18.83%. 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 0.86% for INQQ.
IBIC has the higher dividend yield at 3.58%, compared with 2.59% for INQQ.
INQQ is categorized as Asia Pacific Equities, while IBIC is Inflation-Protected Bonds. INQQ tracks INQQ The India Internet & Ecommerce Index - Benchmark TR Gross, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: India and iShares. Their fees differ too: 0.86% for INQQ and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -1.06), 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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