ISMD vs. IBD
ISMD (Inspire Small/Mid Cap Impact ETF) and IBD (Inspire Corporate Bond Impact ETF) are both exchange-traded funds - ISMD is a Small Cap Blend Equities fund tracking the Inspire Small/Mid Cap Impact Equal Weight Index, while IBD is a Corporate Bonds fund tracking the Inspire Corporate Bond Impact Equal Weight Index. Both are passively managed. Over the past 5 years, ISMD returned 7.62%/yr vs 1.30%/yr for IBD. At a 0.11 correlation, their price movements are largely independent. ISMD charges 0.57%/yr vs 0.49%/yr for IBD.
Performance
ISMD vs. IBD - Performance Comparison
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Returns By Period
In the year-to-date period, ISMD achieves a 21.54% return, which is significantly higher than IBD's -0.18% return.
ISMD
- 1D
- -1.62%
- 1M
- 5.36%
- YTD
- 21.54%
- 6M
- 20.97%
- 1Y
- 36.88%
- 3Y*
- 16.11%
- 5Y*
- 7.62%
- 10Y*
- —
IBD
- 1D
- -0.19%
- 1M
- -0.01%
- YTD
- -0.18%
- 6M
- 0.16%
- 1Y
- 4.61%
- 3Y*
- 5.01%
- 5Y*
- 1.30%
- 10Y*
- —
ISMD vs. IBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISMD Inspire Small/Mid Cap Impact ETF | 21.54% | 4.14% | 9.53% | 16.74% | -13.44% | 29.38% | 7.45% | 24.62% | -12.63% | 8.48% |
IBD Inspire Corporate Bond Impact ETF | -0.18% | 7.70% | 3.58% | 6.00% | -8.94% | -1.89% | 5.15% | 7.97% | -1.18% | 1.32% |
Correlation
The correlation between ISMD and IBD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2017 | 0.11 |
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Return for Risk
ISMD vs. IBD — Risk / Return Rank
ISMD
IBD
ISMD vs. IBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Inspire Small/Mid Cap Impact ETF (ISMD) and Inspire Corporate Bond Impact ETF (IBD). 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.
| ISMD | IBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 2.15 | +1.69 |
| Martin ratioReturn relative to average drawdown | 12.04 | 6.66 | +5.38 |
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
| ISMD | IBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.10 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.23 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.31 | +0.09 |
Drawdowns
ISMD vs. IBD - Drawdown Comparison
The maximum ISMD drawdown since its inception was -44.60%, which is greater than IBD's maximum drawdown of -16.30%. Use the drawdown chart below to compare losses from any high point for ISMD and IBD.
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Drawdown Indicators
| ISMD | IBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.60% | -16.30% | -28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -2.15% | -7.49% |
Max Drawdown (3Y)Largest decline over 3 years | -26.64% | -4.01% | -22.63% |
Max Drawdown (5Y)Largest decline over 5 years | -26.64% | -14.76% | -11.88% |
Current DrawdownCurrent decline from peak | -1.62% | -1.04% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -3.36% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 0.69% | +2.38% |
Volatility
ISMD vs. IBD - Volatility Comparison
Inspire Small/Mid Cap Impact ETF (ISMD) has a higher volatility of 4.95% compared to Inspire Corporate Bond Impact ETF (IBD) at 1.03%. This indicates that ISMD's price experiences larger fluctuations and is considered to be riskier than IBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISMD | IBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 1.03% | +3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 2.83% | +9.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.56% | 4.21% | +14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.87% | 5.60% | +15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.74% | 6.70% | +17.04% |
ISMD vs. IBD - Expense Ratio Comparison
ISMD has a 0.57% expense ratio, which is higher than IBD's 0.49% expense ratio.
Dividends
ISMD vs. IBD - Dividend Comparison
ISMD's dividend yield for the trailing twelve months is around 0.95%, less than IBD's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBD Inspire Corporate Bond Impact ETF | 4.25% | 4.17% | 4.18% | 3.39% | 1.75% | 1.36% | 1.63% | 2.47% | 2.06% | 0.82% |
ISMD Inspire Small/Mid Cap Impact ETF | 0.95% | 1.21% | 1.24% | 1.17% | 1.28% | 9.35% | 0.99% | 0.88% | 1.35% | 2.02% |
Frequently Asked Questions
ISMD and IBD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISMD has higher volatility (4.95%) compared to IBD (1.03%). In terms of maximum drawdown, ISMD dropped -44.60% vs IBD's -16.30%.
On 5-year performance, ISMD leads with 7.62% vs 1.30% for IBD. On fees, IBD is cheaper at 0.49% per year. On volatility, IBD has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISMD has performed better with a 7.62% return vs 1.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBD is cheaper with a 0.49% expense ratio, compared with 0.57% for ISMD.
IBD has the higher dividend yield at 4.25%, compared with 0.95% for ISMD.
ISMD is categorized as Small Cap Blend Equities, while IBD is Corporate Bonds. ISMD tracks Inspire Small/Mid Cap Impact Equal Weight Index, while IBD tracks Inspire Corporate Bond Impact Equal Weight Index. Their fees differ too: 0.57% for ISMD and 0.49% for IBD.
ISMD currently has the higher Sharpe Ratio (2.01 vs 1.10), 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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