OND vs. IBIC
OND (ProShares On-Demand ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - OND is a Communications Equities fund tracking the FactSet On-Demand 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, OND returned -17.46% vs 4.42% for IBIC. At a correlation of -0.01, they often move in opposite directions. OND charges 0.58%/yr vs 0.10%/yr for IBIC.
Performance
OND vs. IBIC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OND achieves a -18.87% return, which is significantly lower than IBIC's 2.43% return.
OND
- 1D
- -2.16%
- 1M
- -5.24%
- YTD
- -18.87%
- 6M
- -19.28%
- 1Y
- -17.46%
- 3Y*
- 13.96%
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OND vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OND ProShares On-Demand ETF | -18.87% | 26.72% | 32.00% | 10.26% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between OND and IBIC is -0.11, 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 | -0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.01 |
The correlation between OND and IBIC shifts across timeframes, from -0.11 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OND vs. IBIC — Risk / Return Rank
OND
IBIC
OND vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares On-Demand ETF (OND) 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.
| OND | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.83 | ||
| Sortino ratioReturn per unit of downside risk | -10.07 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 2.22 | -1.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 16.56 | -17.08 |
| Martin ratioReturn relative to average drawdown | -0.92 | 58.67 | -59.59 |
Loading charts...
Drawdowns
OND vs. IBIC - Drawdown Comparison
The maximum OND drawdown since its inception was -59.02%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for OND and IBIC.
Loading charts...
Drawdown Indicators
| OND | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -0.90% | -58.12% |
Max Drawdown (1Y)Largest decline over 1 year | -33.80% | -0.27% | -33.53% |
Max Drawdown (3Y)Largest decline over 3 years | -33.80% | — | — |
Current DrawdownCurrent decline from peak | -31.63% | -0.08% | -31.55% |
Average DrawdownAverage peak-to-trough decline | -30.29% | -0.10% | -30.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.06% | 0.08% | +18.98% |
Volatility
OND vs. IBIC - Volatility Comparison
ProShares On-Demand ETF (OND) has a higher volatility of 6.52% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that OND'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.
Loading charts...
Volatility by Period
| OND | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 0.17% | +6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 0.67% | +15.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.91% | 0.89% | +20.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.10% | 1.56% | +25.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.10% | 1.56% | +25.54% |
OND vs. IBIC - Expense Ratio Comparison
OND has a 0.58% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
OND vs. IBIC - Dividend Comparison
OND has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 3.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% |
OND ProShares On-Demand ETF | 0.00% | 0.00% | 0.00% | 0.78% | 0.00% | 0.02% |
Frequently Asked Questions
OND and IBIC have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OND has higher volatility (6.52%) compared to IBIC (0.17%). In terms of maximum drawdown, OND dropped -59.02% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -17.46% for OND. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. 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 4.42% return vs -17.46%. 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 0.58% for OND.
IBIC has the higher dividend yield at 3.58%, compared with 0.00% for OND.
OND is categorized as Communications Equities, while IBIC is Inflation-Protected Bonds. OND tracks FactSet On-Demand Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.58% for OND and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.84), 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.
Find the right allocation for OND and IBIC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer