JULH vs. IBIC

Last updated Jun 23, 2026

JULH (Innovator Premium Income 20 Barrier ETF - July) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - JULH is a Options Trading fund actively managed by Innovator, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. JULH is actively managed, while IBIC is passively managed. Over the past year, JULH returned 5.09% vs 4.38% for IBIC. At a correlation of -0.04, they often move in opposite directions. JULH charges 0.79%/yr vs 0.10%/yr for IBIC.

Performance

JULH vs. IBIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 20 Barrier ETF - July (JULH) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JULH having a 2.40% return and IBIC slightly lower at 2.39%.

JULH

• 1D: 0.02%
• 1M: 0.26%
• YTD: 2.40%
• 6M: 0.84%
• 1Y: 5.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIC

• 1D: 0.06%
• 1M: 0.08%
• YTD: 2.39%
• 6M: 2.49%
• 1Y: 4.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JULH vs. IBIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JULH Innovator Premium Income 20 Barrier ETF - July	2.40%	5.39%	6.93%	2.67%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.39%	4.96%	5.25%	2.17%

Correlation

The correlation between JULH and IBIC is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	-0.04

Return for Risk

JULH vs. IBIC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JULH

JULH Risk / Return Rank: 59
JULH Sharpe Ratio Rank: 56
JULH Sortino Ratio Rank: 49
JULH Omega Ratio Rank: 82
JULH Calmar Ratio Rank: 62
JULH Martin Ratio Rank: 46

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 98
IBIC Sortino Ratio Rank: 98
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 98
IBIC Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JULH vs. IBIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 20 Barrier ETF - July (JULH) 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.

	JULH	IBIC	Difference
Sharpe ratio: Return per unit of total volatility	1.83	4.94	-3.11
Sortino ratio: Return per unit of downside risk	2.33	8.90	-6.57
Omega ratio: Gain probability vs. loss probability	1.47	2.21	-0.74
Calmar ratio: Return relative to maximum drawdown	2.97	16.41	-13.45
Martin ratio: Return relative to average drawdown	7.51	58.11	-50.60

JULH vs. IBIC - Sharpe Ratio Comparison

The current JULH Sharpe Ratio is 1.83, which is lower than the IBIC Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of JULH and IBIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JULH vs. IBIC - Drawdown Comparison

The maximum JULH drawdown since its inception was -5.51%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for JULH and IBIC.

Drawdown Indicators

	JULH	IBIC	Difference
Max Drawdown Largest peak-to-trough decline	-5.51%	-0.90%	-4.61%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	-0.27%	-1.45%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-0.27%	-0.10%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	0.08%	+0.60%

Volatility

JULH vs. IBIC - Volatility Comparison

The current volatility for Innovator Premium Income 20 Barrier ETF - July (JULH) is 0.09%, while iShares iBonds Oct 2026 Term TIPS ETF (IBIC) has a volatility of 0.16%. This indicates that JULH experiences smaller price fluctuations and is considered to be less risky than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JULH	IBIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	0.16%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	2.24%	0.67%	+1.57%
Volatility (1Y) Calculated over the trailing 1-year period	2.80%	0.89%	+1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.72%	1.57%	+3.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.72%	1.57%	+3.15%

JULH vs. IBIC - Expense Ratio Comparison

JULH has a 0.79% expense ratio, which is higher than IBIC's 0.10% expense ratio.

Dividends

JULH vs. IBIC - Dividend Comparison

JULH's dividend yield for the trailing twelve months is around 5.27%, more than IBIC's 3.59% yield.

Position	TTM	2025	2024	2023
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.59%	4.43%	4.65%	0.83%
JULH Innovator Premium Income 20 Barrier ETF - July	5.27%	5.31%	6.89%	3.67%

Frequently Asked Questions

Can I hold both JULH and IBIC in my portfolio?

JULH and IBIC have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JULH or IBIC?

IBIC has higher volatility (0.16%) compared to JULH (0.09%). In terms of maximum drawdown, JULH dropped -5.51% vs IBIC's -0.90%.

Which ETF is better, JULH or IBIC?

On 1-year performance, JULH leads with 5.09% vs 4.38% for IBIC. On fees, IBIC is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULH or IBIC?

Over the 1-year period, JULH has performed better with a 5.09% return vs 4.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULH or IBIC?

IBIC is cheaper with a 0.10% expense ratio, compared with 0.79% for JULH.

Which ETF pays a higher dividend yield, JULH or IBIC?

JULH has the higher dividend yield at 5.27%, compared with 3.59% for IBIC.

What is the main difference between JULH and IBIC?

JULH is categorized as Options Trading, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for JULH and 0.10% for IBIC.

Which has better risk-adjusted returns?

IBIC currently has the higher Sharpe Ratio (4.94 vs 1.83), 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.