NZUS vs. IBIC
NZUS (SPDR MSCI USA Climate Paris Aligned ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - NZUS is a Large Cap Growth Equities fund tracking the MSCI USA Climate Paris Aligned Index, 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, NZUS returned 20.11% vs 4.54% for IBIC. At a correlation of -0.05, they often move in opposite directions. Both charge a 0.10% expense ratio.
Performance
NZUS vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, NZUS achieves a 5.51% return, which is significantly higher than IBIC's 2.37% return.
NZUS
- 1D
- 0.00%
- 1M
- 2.81%
- YTD
- 5.51%
- 6M
- 5.42%
- 1Y
- 20.11%
- 3Y*
- 20.11%
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NZUS vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NZUS SPDR MSCI USA Climate Paris Aligned ETF | 5.51% | 13.95% | 24.34% | 8.76% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between NZUS and IBIC is -0.22, 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 | -0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | -0.05 |
The correlation between NZUS and IBIC shifts across timeframes, from -0.22 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NZUS vs. IBIC — Risk / Return Rank
NZUS
IBIC
NZUS vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Climate Paris Aligned ETF (NZUS) 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.
| NZUS | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.30 | ||
| Sortino ratioReturn per unit of downside risk | -6.65 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 2.24 | -0.93 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 17.27 | -15.42 |
| Martin ratioReturn relative to average drawdown | 6.83 | 67.45 | -60.62 |
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
| NZUS | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 5.05 | -3.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 3.49 | -2.78 |
Drawdowns
NZUS vs. IBIC - Drawdown Comparison
The maximum NZUS drawdown since its inception was -20.99%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for NZUS and IBIC.
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Drawdown Indicators
| NZUS | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.99% | -0.90% | -20.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -0.26% | -12.17% |
Max Drawdown (3Y)Largest decline over 3 years | -20.99% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.13% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -0.10% | -4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 0.07% | +3.29% |
Volatility
NZUS vs. IBIC - Volatility Comparison
SPDR MSCI USA Climate Paris Aligned ETF (NZUS) has a higher volatility of 2.83% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that NZUS'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
| NZUS | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 0.33% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 0.67% | +9.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 0.90% | +12.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.61% | 1.58% | +17.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 1.58% | +17.03% |
NZUS vs. IBIC - Expense Ratio Comparison
Both NZUS and IBIC have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
NZUS vs. IBIC - Dividend Comparison
NZUS's dividend yield for the trailing twelve months is around 0.60%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% |
NZUS SPDR MSCI USA Climate Paris Aligned ETF | 0.60% | 0.89% | 5.49% | 1.07% | 1.22% |
Frequently Asked Questions
NZUS and IBIC have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NZUS has higher volatility (2.83%) compared to IBIC (0.33%). In terms of maximum drawdown, NZUS dropped -20.99% vs IBIC's -0.90%.
On 1-year performance, NZUS leads with 20.11% vs 4.54% for IBIC. Both ETFs have the same 0.10% expense ratio. 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, NZUS has performed better with a 20.11% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NZUS and IBIC have the same expense ratio: 0.10% per year.
IBIC has the higher dividend yield at 3.59%, compared with 0.60% for NZUS.
NZUS is categorized as Large Cap Growth Equities, while IBIC is Inflation-Protected Bonds. NZUS tracks MSCI USA Climate Paris Aligned Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: State Street and iShares.
IBIC currently has the higher Sharpe Ratio (5.05 vs 1.75), 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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