NIKL vs. IBIC
NIKL (Sprott Nickel Miners ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - NIKL is a Energy Equities fund tracking the Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, NIKL returned 32.72% vs 4.54% for IBIC. At a 0.06 correlation, their price movements are largely independent. NIKL charges 0.75%/yr vs 0.10%/yr for IBIC.
Performance
NIKL vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, NIKL achieves a -8.20% return, which is significantly lower than IBIC's 2.37% return.
NIKL
- 1D
- -8.49%
- 1M
- -14.45%
- YTD
- -8.20%
- 6M
- 5.56%
- 1Y
- 32.72%
- 3Y*
- -3.41%
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NIKL vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NIKL Sprott Nickel Miners ETF | -8.20% | 52.05% | -22.48% | -15.08% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between NIKL and IBIC 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 18, 2023 | 0.06 |
The correlation between NIKL and IBIC shifts across timeframes, from -0.08 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NIKL vs. IBIC — Risk / Return Rank
NIKL
IBIC
NIKL vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Nickel Miners ETF (NIKL) 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.
| NIKL | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.27 | ||
| Sortino ratioReturn per unit of downside risk | -7.81 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 2.24 | -1.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 17.27 | -16.17 |
| Martin ratioReturn relative to average drawdown | 2.67 | 67.45 | -64.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NIKL | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 5.05 | -4.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 3.49 | -3.60 |
Drawdowns
NIKL vs. IBIC - Drawdown Comparison
The maximum NIKL drawdown since its inception was -60.23%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for NIKL and IBIC.
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Drawdown Indicators
| NIKL | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.23% | -0.90% | -59.33% |
Max Drawdown (1Y)Largest decline over 1 year | -29.87% | -0.26% | -29.61% |
Max Drawdown (3Y)Largest decline over 3 years | -60.23% | — | — |
Current DrawdownCurrent decline from peak | -29.87% | -0.13% | -29.74% |
Average DrawdownAverage peak-to-trough decline | -26.58% | -0.10% | -26.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.29% | 0.07% | +12.22% |
Volatility
NIKL vs. IBIC - Volatility Comparison
Sprott Nickel Miners ETF (NIKL) has a higher volatility of 15.28% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that NIKL'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
| NIKL | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.28% | 0.33% | +14.95% |
Volatility (6M)Calculated over the trailing 6-month period | 35.54% | 0.67% | +34.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.12% | 0.90% | +41.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.62% | 1.58% | +31.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.62% | 1.58% | +31.04% |
NIKL vs. IBIC - Expense Ratio Comparison
NIKL has a 0.75% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
NIKL vs. IBIC - Dividend Comparison
NIKL's dividend yield for the trailing twelve months is around 2.75%, less 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% |
NIKL Sprott Nickel Miners ETF | 2.75% | 2.53% | 3.49% | 19.52% |
Frequently Asked Questions
NIKL and IBIC 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.
NIKL has higher volatility (15.28%) compared to IBIC (0.33%). In terms of maximum drawdown, NIKL dropped -60.23% vs IBIC's -0.90%.
On 1-year performance, NIKL leads with 32.72% vs 4.54% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NIKL has performed better with a 32.72% return vs 4.54%. 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 0.75% for NIKL.
IBIC has the higher dividend yield at 3.59%, compared with 2.75% for NIKL.
NIKL is categorized as Energy Equities, while IBIC is Inflation-Protected Bonds. NIKL tracks Nasdaq Sprott Nickel Miners Index - Benchmark TR Gross, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Sprott and iShares. Their fees differ too: 0.75% for NIKL and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (5.05 vs 0.78), 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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