MSTP vs. IBIC
MSTP (GraniteShares 2x Long MSTR Daily ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - MSTP is a Leveraged Equities fund actively managed by GraniteShares, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. MSTP is actively managed, while IBIC is passively managed. Over the past year, MSTP returned -96.78% vs 3.98% for IBIC. Their -0.04 correlation means they have often moved in opposite directions in the past. MSTP charges 1.50%/yr vs 0.10%/yr for IBIC.
Performance
MSTP vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, MSTP achieves a -75.07% return, which is significantly lower than IBIC's 2.63% return.
MSTP
- 1D
- 1.79%
- 1M
- -8.57%
- 6M
- -63.05%
- YTD
- -75.07%
- 1Y
- -96.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -95.61%
IBIC
- 1D
- -0.04%
- 1M
- 0.18%
- 6M
- 2.33%
- YTD
- 2.63%
- 1Y
- 3.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $985.11K | $822.88K | $536.84K | |
| $590.55K | $817.36K | $1.08M |
MSTP vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTP GraniteShares 2x Long MSTR Daily ETF | -75.07% | -89.07% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.63% | 2.12% |
Correlation
The correlation between MSTP and IBIC is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025 | -0.04 |
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Return for Risk
MSTP vs. IBIC — Risk / Return Rank
MSTP
IBIC
MSTP vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSTR Daily ETF (MSTP) 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.
| MSTP | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.17 | ||
| Sortino ratioReturn per unit of downside risk | -10.17 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 2.07 | -1.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 14.92 | -15.91 |
| Martin ratioReturn relative to average drawdown | -1.20 | 50.81 | -52.01 |
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Drawdowns
MSTP vs. IBIC - Drawdown Comparison
The maximum MSTP drawdown since its inception was -98.40%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for MSTP and IBIC.
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Drawdown Indicators
| MSTP | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.40% | -0.90% | -97.50% |
Max Drawdown (1Y)Largest decline over 1 year | -97.87% | -0.27% | -97.60% |
Current DrawdownCurrent decline from peak | -97.88% | -0.12% | -97.76% |
Average DrawdownAverage peak-to-trough decline | -72.65% | -0.10% | -72.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.46% | 0.08% | +80.38% |
Volatility
MSTP vs. IBIC - Volatility Comparison
GraniteShares 2x Long MSTR Daily ETF (MSTP) has a higher volatility of 32.69% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.23%. This indicates that MSTP'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
| MSTP | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.69% | 0.23% | +32.46% |
Volatility (6M)Calculated over the trailing 6-month period | 119.88% | 0.69% | +119.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 148.84% | 0.88% | +147.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.92% | 1.54% | +142.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.92% | 1.54% | +142.38% |
MSTP vs. IBIC - Expense Ratio Comparison
MSTP has a 1.50% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
MSTP vs. IBIC - Dividend Comparison
MSTP has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 4.62%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% |
MSTP GraniteShares 2x Long MSTR Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSTP and IBIC have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTP has higher volatility (32.69%) compared to IBIC (0.23%). In terms of maximum drawdown, MSTP dropped -98.40% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 3.98% vs -96.78% for MSTP. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.23%. 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 3.98% return vs -96.78%. 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 1.50% for MSTP.
IBIC has the higher dividend yield at 4.62%, compared with 0.00% for MSTP.
MSTP is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.50% for MSTP and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.52 vs -0.65), 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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