IQDY vs. IBIC
IQDY (FlexShares International Quality Dividend Dynamic Index Fund) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - IQDY is a Foreign Large Cap Equities fund tracking the Northern Trust International Quality Dividend Dynamic 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, IQDY returned 45.79% vs 4.38% for IBIC. At a 0.02 correlation, their price movements are largely independent. IQDY charges 0.47%/yr vs 0.10%/yr for IBIC.
Performance
IQDY vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, IQDY achieves a 21.47% return, which is significantly higher than IBIC's 2.39% return.
IQDY
- 1D
- 0.69%
- 1M
- 5.64%
- YTD
- 21.47%
- 6M
- 22.60%
- 1Y
- 45.79%
- 3Y*
- 25.94%
- 5Y*
- 12.74%
- 10Y*
- 12.55%
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQDY vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 21.47% | 37.44% | 5.97% | 10.70% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between IQDY and IBIC is -0.20, 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 | -0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.02 |
The correlation between IQDY and IBIC shifts across timeframes, from -0.20 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IQDY vs. IBIC — Risk / Return Rank
IQDY
IBIC
IQDY vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Dynamic Index Fund (IQDY) 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.
| IQDY | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -5.30 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 2.21 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 16.41 | -12.00 |
| Martin ratioReturn relative to average drawdown | 17.10 | 58.11 | -41.01 |
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Drawdowns
IQDY vs. IBIC - Drawdown Comparison
The maximum IQDY drawdown since its inception was -39.60%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for IQDY and IBIC.
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Drawdown Indicators
| IQDY | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.60% | -0.90% | -38.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -0.27% | -10.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.60% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.11% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -0.10% | -8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 0.08% | +2.61% |
Volatility
IQDY vs. IBIC - Volatility Comparison
FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 6.49% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that IQDY'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
| IQDY | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 0.16% | +6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 0.67% | +13.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 0.89% | +15.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 1.57% | +16.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 1.57% | +16.81% |
IQDY vs. IBIC - Expense Ratio Comparison
IQDY has a 0.47% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
IQDY vs. IBIC - Dividend Comparison
IQDY's dividend yield for the trailing twelve months is around 2.89%, less 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% |
IQDY FlexShares International Quality Dividend Dynamic Index Fund | 2.89% | 3.26% | 6.95% | 6.45% | 5.52% | 3.89% | 2.62% | 3.85% | 5.97% | 3.57% | 3.77% | 4.08% |
Frequently Asked Questions
IQDY and IBIC have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQDY has higher volatility (6.49%) compared to IBIC (0.16%). In terms of maximum drawdown, IQDY dropped -39.60% vs IBIC's -0.90%.
On 1-year performance, IQDY leads with 45.79% vs 4.38% for IBIC. 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, IQDY has performed better with a 45.79% return vs 4.38%. 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 0.47% for IQDY.
IBIC has the higher dividend yield at 3.59%, compared with 2.89% for IQDY.
IQDY is categorized as Foreign Large Cap Equities, while IBIC is Inflation-Protected Bonds. IQDY tracks Northern Trust International Quality Dividend Dynamic Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.47% for IQDY and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs 2.74), 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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