IYT vs. IBID
IYT (iShares Transportation Average ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - IYT is a Transportation Equities fund tracking the Dow Jones Transportation Average Index, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, IYT returned 27.89% vs 3.92% for IBID. At a correlation of -0.03, they often move in opposite directions. IYT charges 0.42%/yr vs 0.10%/yr for IBID.
Performance
IYT vs. IBID - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IYT achieves a 13.27% return, which is significantly higher than IBID's 1.94% return.
IYT
- 1D
- -0.78%
- 1M
- 3.24%
- YTD
- 13.27%
- 6M
- 12.06%
- 1Y
- 27.89%
- 3Y*
- 13.54%
- 5Y*
- 6.34%
- 10Y*
- 11.13%
IBID
- 1D
- -0.05%
- 1M
- -0.25%
- YTD
- 1.94%
- 6M
- 2.03%
- 1Y
- 3.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYT vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IYT iShares Transportation Average ETF | 13.27% | 11.48% | 4.10% | 8.54% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.94% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between IYT and IBID is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.03 |
The correlation between IYT and IBID shifts across timeframes, from -0.19 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IYT vs. IBID — Risk / Return Rank
IYT
IBID
IYT vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.
| IYT | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.72 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 7.20 | -4.88 |
| Martin ratioReturn relative to average drawdown | 7.51 | 29.14 | -21.63 |
Loading charts...
Drawdowns
IYT vs. IBID - Drawdown Comparison
The maximum IYT drawdown since its inception was -60.39%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for IYT and IBID.
Loading charts...
Drawdown Indicators
| IYT | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.39% | -1.28% | -59.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -0.55% | -11.54% |
Max Drawdown (3Y)Largest decline over 3 years | -26.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | — | — |
Current DrawdownCurrent decline from peak | -2.97% | -0.55% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -0.22% | -9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 0.13% | +3.59% |
Volatility
IYT vs. IBID - Volatility Comparison
iShares Transportation Average ETF (IYT) has a higher volatility of 7.09% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that IYT's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IYT | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 0.35% | +6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | 0.86% | +15.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 1.23% | +19.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 2.24% | +20.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.16% | 2.24% | +20.92% |
IYT vs. IBID - Expense Ratio Comparison
IYT has a 0.42% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
IYT vs. IBID - Dividend Comparison
IYT's dividend yield for the trailing twelve months is around 0.93%, less than IBID's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IYT iShares Transportation Average ETF | 0.93% | 1.00% | 1.08% | 1.26% | 1.40% | 0.77% | 0.93% | 1.29% | 1.35% | 0.92% | 0.96% | 1.28% |
Frequently Asked Questions
IYT and IBID 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.
IYT has higher volatility (7.09%) compared to IBID (0.35%). In terms of maximum drawdown, IYT dropped -60.39% vs IBID's -1.28%.
On 1-year performance, IYT leads with 27.89% vs 3.92% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYT has performed better with a 27.89% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.42% for IYT.
IBID has the higher dividend yield at 3.68%, compared with 0.93% for IYT.
IYT is categorized as Transportation Equities, while IBID is Inflation-Protected Bonds. IYT tracks Dow Jones Transportation Average Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.42% for IYT and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.19 vs 1.36), 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.
Find the right allocation for IYT and IBID
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer