NUMG vs. IBIC
NUMG (Nuveen ESG Mid-Cap Growth ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - NUMG is a Mid Cap Growth Equities fund tracking the MSCI TIAA ESG USA Mid Cap Growth, 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, NUMG returned -2.73% vs 4.19% for IBIC. At a correlation of -0.04, they often move in opposite directions. NUMG charges 0.30%/yr vs 0.10%/yr for IBIC.
Performance
NUMG vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, NUMG achieves a -2.71% return, which is significantly lower than IBIC's 2.55% return.
NUMG
- 1D
- -0.26%
- 1M
- 1.20%
- 6M
- -3.35%
- YTD
- -2.71%
- 1Y
- -2.73%
- 3Y*
- 4.75%
- 5Y*
- -0.44%
- 10Y*
- —
IBIC
- 1D
- 0.07%
- 1M
- 0.26%
- 6M
- 2.41%
- YTD
- 2.55%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NUMG vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NUMG Nuveen ESG Mid-Cap Growth ETF | -2.71% | 0.78% | 11.99% | 11.22% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.55% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between NUMG and IBIC is -0.14, 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 | -0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.04 |
The correlation between NUMG and IBIC shifts across timeframes, from -0.14 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NUMG vs. IBIC — Risk / Return Rank
NUMG
IBIC
NUMG vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Growth ETF (NUMG) 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.
| NUMG | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.77 | ||
| Sortino ratioReturn per unit of downside risk | -8.32 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.10 | -1.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 15.70 | -15.84 |
| Martin ratioReturn relative to average drawdown | -0.35 | 53.10 | -53.45 |
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Drawdowns
NUMG vs. IBIC - Drawdown Comparison
The maximum NUMG drawdown since its inception was -38.85%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for NUMG and IBIC.
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Drawdown Indicators
| NUMG | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.85% | -0.90% | -37.95% |
Max Drawdown (1Y)Largest decline over 1 year | -19.71% | -0.27% | -19.44% |
Max Drawdown (3Y)Largest decline over 3 years | -26.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.85% | — | — |
Current DrawdownCurrent decline from peak | -11.44% | -0.08% | -11.36% |
Average DrawdownAverage peak-to-trough decline | -11.37% | -0.10% | -11.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.92% | 0.08% | +7.84% |
Volatility
NUMG vs. IBIC - Volatility Comparison
Nuveen ESG Mid-Cap Growth ETF (NUMG) has a higher volatility of 4.70% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.31%. This indicates that NUMG'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
| NUMG | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 0.31% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 0.70% | +14.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 0.91% | +17.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 1.56% | +21.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.83% | 1.56% | +20.27% |
NUMG vs. IBIC - Expense Ratio Comparison
NUMG has a 0.30% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
NUMG vs. IBIC - Dividend Comparison
NUMG's dividend yield for the trailing twelve months is around 0.01%, less than IBIC's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 4.62% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NUMG Nuveen ESG Mid-Cap Growth ETF | 0.01% | 0.01% | 0.06% | 0.18% | 0.18% | 12.76% | 3.82% | 0.27% | 5.14% | 0.56% |
Frequently Asked Questions
NUMG and IBIC have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NUMG has higher volatility (4.70%) compared to IBIC (0.31%). In terms of maximum drawdown, NUMG dropped -38.85% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.19% vs -2.73% for NUMG. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.31%. 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 4.19% return vs -2.73%. 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 0.30% for NUMG.
IBIC has the higher dividend yield at 4.62%, compared with 0.01% for NUMG.
NUMG is categorized as Mid Cap Growth Equities, while IBIC is Inflation-Protected Bonds. NUMG tracks MSCI TIAA ESG USA Mid Cap Growth, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Nuveen and iShares. Their fees differ too: 0.30% for NUMG and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.63 vs -0.15), 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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