LIMI vs. IBID

Last updated Jun 23, 2026

LIMI (Themes Lithium & Battery Metal Miners ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - LIMI is a Lithium & Battery Metals fund tracking the BITA Global Lithium and Battery Metals Select 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, LIMI returned 144.15% vs 4.04% for IBID. At a correlation of -0.10, they often move in opposite directions. LIMI charges 0.35%/yr vs 0.10%/yr for IBID.

Performance

LIMI vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Lithium & Battery Metal Miners ETF (LIMI) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIMI achieves a 14.44% return, which is significantly higher than IBID's 1.99% return.

LIMI

• 1D: -0.76%
• 1M: -5.92%
• YTD: 14.44%
• 6M: 18.30%
• 1Y: 144.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.00%
• 1M: -0.19%
• YTD: 1.99%
• 6M: 2.08%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LIMI vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LIMI Themes Lithium & Battery Metal Miners ETF	14.44%	91.22%	-0.82%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.99%	5.66%	-0.15%

Correlation

The correlation between LIMI and IBID is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	-0.10

Return for Risk

LIMI vs. IBID — Risk / Return Rank

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

LIMI

LIMI Risk / Return Rank: 86
LIMI Sharpe Ratio Rank: 93
LIMI Sortino Ratio Rank: 82
LIMI Omega Ratio Rank: 77
LIMI Calmar Ratio Rank: 93
LIMI Martin Ratio Rank: 86

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 93
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 96
IBID Calmar Ratio Rank: 96
IBID Martin Ratio Rank: 95

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.

LIMI vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Lithium & Battery Metal Miners ETF (LIMI) 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.

	LIMI	IBID	Difference
Sharpe ratio: Return per unit of total volatility	3.25	3.29	-0.04
Sortino ratio: Return per unit of downside risk	3.48	5.55	-2.07
Omega ratio: Gain probability vs. loss probability	1.44	1.75	-0.31
Calmar ratio: Return relative to maximum drawdown	6.31	8.22	-1.91
Martin ratio: Return relative to average drawdown	17.46	30.99	-13.53

LIMI vs. IBID - Sharpe Ratio Comparison

The current LIMI Sharpe Ratio is 3.25, which is comparable to the IBID Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of LIMI and IBID, 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

LIMI vs. IBID - Drawdown Comparison

The maximum LIMI drawdown since its inception was -43.77%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for LIMI and IBID.

Drawdown Indicators

	LIMI	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-43.77%	-1.28%	-42.49%
Max Drawdown (1Y) Largest decline over 1 year	-23.00%	-0.49%	-22.51%
Current Drawdown Current decline from peak	-15.24%	-0.49%	-14.75%
Average Drawdown Average peak-to-trough decline	-13.09%	-0.22%	-12.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.29%	0.13%	+8.16%

Volatility

LIMI vs. IBID - Volatility Comparison

Themes Lithium & Battery Metal Miners ETF (LIMI) has a higher volatility of 11.79% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that LIMI'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.

Volatility by Period

	LIMI	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.79%	0.35%	+11.44%
Volatility (6M) Calculated over the trailing 6-month period	30.32%	0.86%	+29.46%
Volatility (1Y) Calculated over the trailing 1-year period	44.67%	1.23%	+43.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.63%	2.24%	+39.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.63%	2.24%	+39.39%

LIMI vs. IBID - Expense Ratio Comparison

LIMI has a 0.35% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

LIMI vs. IBID - Dividend Comparison

LIMI's dividend yield for the trailing twelve months is around 0.47%, less than IBID's 3.68% yield.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%
LIMI Themes Lithium & Battery Metal Miners ETF	0.47%	0.54%	8.14%	0.00%

Frequently Asked Questions

Can I hold both LIMI and IBID in my portfolio?

LIMI and IBID have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIMI or IBID?

LIMI has higher volatility (11.79%) compared to IBID (0.35%). In terms of maximum drawdown, LIMI dropped -43.77% vs IBID's -1.28%.

Which ETF is better, LIMI or IBID?

On 1-year performance, LIMI leads with 144.15% vs 4.04% 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.

Which ETF has performed better, LIMI or IBID?

Over the 1-year period, LIMI has performed better with a 144.15% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LIMI or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.35% for LIMI.

Which ETF pays a higher dividend yield, LIMI or IBID?

IBID has the higher dividend yield at 3.68%, compared with 0.47% for LIMI.

What is the main difference between LIMI and IBID?

LIMI is categorized as Lithium & Battery Metals, while IBID is Inflation-Protected Bonds. LIMI tracks BITA Global Lithium and Battery Metals Select Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Themes and iShares. Their fees differ too: 0.35% for LIMI and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.29 vs 3.25), 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.