KBAB vs. IBIC
KBAB (KraneShares 2x Long BABA Daily ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - KBAB is a Leveraged Equities fund actively managed by KraneShares, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. KBAB is actively managed, while IBIC is passively managed. Over the past year, KBAB returned -33.72% vs 4.38% for IBIC. At a correlation of -0.11, they often move in opposite directions. KBAB charges 1.00%/yr vs 0.10%/yr for IBIC.
Performance
KBAB vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, KBAB achieves a -54.33% return, which is significantly lower than IBIC's 2.39% return.
KBAB
- 1D
- -4.58%
- 1M
- -34.77%
- YTD
- -54.33%
- 6M
- -57.11%
- 1Y
- -33.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KBAB vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBAB KraneShares 2x Long BABA Daily ETF | -54.33% | -6.56% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 3.16% |
Correlation
The correlation between KBAB and IBIC is -0.11, 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 | -0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | -0.11 |
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Return for Risk
KBAB vs. IBIC — Risk / Return Rank
KBAB
IBIC
KBAB vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long BABA Daily ETF (KBAB) 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.
| KBAB | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.33 | ||
| Sortino ratioReturn per unit of downside risk | -8.97 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.21 | -1.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 16.41 | -16.87 |
| Martin ratioReturn relative to average drawdown | -0.86 | 58.11 | -58.97 |
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Drawdowns
KBAB vs. IBIC - Drawdown Comparison
The maximum KBAB drawdown since its inception was -74.28%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for KBAB and IBIC.
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Drawdown Indicators
| KBAB | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.28% | -0.90% | -73.38% |
Max Drawdown (1Y)Largest decline over 1 year | -74.28% | -0.27% | -74.01% |
Current DrawdownCurrent decline from peak | -74.28% | -0.11% | -74.17% |
Average DrawdownAverage peak-to-trough decline | -38.47% | -0.10% | -38.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.39% | 0.08% | +39.31% |
Volatility
KBAB vs. IBIC - Volatility Comparison
KraneShares 2x Long BABA Daily ETF (KBAB) has a higher volatility of 15.89% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that KBAB'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
| KBAB | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.89% | 0.16% | +15.73% |
Volatility (6M)Calculated over the trailing 6-month period | 58.17% | 0.67% | +57.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.97% | 0.89% | +87.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.02% | 1.57% | +88.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.02% | 1.57% | +88.45% |
KBAB vs. IBIC - Expense Ratio Comparison
KBAB has a 1.00% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
KBAB vs. IBIC - Dividend Comparison
KBAB's dividend yield for the trailing twelve months is around 131.13%, 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% |
KBAB KraneShares 2x Long BABA Daily ETF | 131.13% | 59.88% | 0.00% | 0.00% |
Frequently Asked Questions
KBAB and IBIC have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBAB has higher volatility (15.89%) compared to IBIC (0.16%). In terms of maximum drawdown, KBAB dropped -74.28% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.38% vs -33.72% for KBAB. 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, IBIC has performed better with a 4.38% return vs -33.72%. 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 1.00% for KBAB.
KBAB has the higher dividend yield at 131.13%, compared with 3.59% for IBIC.
KBAB is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: KraneShares and iShares. Their fees differ too: 1.00% for KBAB and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs -0.39), 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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