PAWZ vs. IBIC
PAWZ (ProShares Pet Care ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - PAWZ is a Global Equities fund tracking the FactSet Pet Care 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, PAWZ returned -15.91% vs 4.52% for IBIC. At a 0.00 correlation, their price movements are largely independent. PAWZ charges 0.50%/yr vs 0.10%/yr for IBIC.
Performance
PAWZ vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, PAWZ achieves a -11.47% return, which is significantly lower than IBIC's 2.29% return.
PAWZ
- 1D
- -0.01%
- 1M
- 4.84%
- YTD
- -11.47%
- 6M
- -11.85%
- 1Y
- -15.91%
- 3Y*
- -1.31%
- 5Y*
- -9.14%
- 10Y*
- —
IBIC
- 1D
- -0.04%
- 1M
- -0.06%
- YTD
- 2.29%
- 6M
- 2.45%
- 1Y
- 4.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAWZ vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PAWZ ProShares Pet Care ETF | -11.47% | 1.21% | 3.88% | 12.32% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.29% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between PAWZ and IBIC is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.00 |
The correlation between PAWZ and IBIC shifts across timeframes, from -0.19 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PAWZ vs. IBIC — Risk / Return Rank
PAWZ
IBIC
PAWZ vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) 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.
| PAWZ | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.05 | ||
| Sortino ratioReturn per unit of downside risk | -10.58 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 2.27 | -1.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 17.20 | -17.95 |
| Martin ratioReturn relative to average drawdown | -1.77 | 62.53 | -64.31 |
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Drawdowns
PAWZ vs. IBIC - Drawdown Comparison
The maximum PAWZ drawdown since its inception was -50.07%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for PAWZ and IBIC.
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Drawdown Indicators
| PAWZ | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.07% | -0.90% | -49.17% |
Max Drawdown (1Y)Largest decline over 1 year | -21.26% | -0.26% | -21.00% |
Max Drawdown (3Y)Largest decline over 3 years | -23.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | — | — |
Current DrawdownCurrent decline from peak | -41.10% | -0.21% | -40.89% |
Average DrawdownAverage peak-to-trough decline | -22.64% | -0.10% | -22.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.99% | 0.07% | +8.92% |
Volatility
PAWZ vs. IBIC - Volatility Comparison
ProShares Pet Care ETF (PAWZ) has a higher volatility of 3.76% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.23%. This indicates that PAWZ'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
| PAWZ | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 0.23% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 0.67% | +10.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 0.90% | +15.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.19% | 1.57% | +18.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.64% | 1.57% | +20.07% |
PAWZ vs. IBIC - Expense Ratio Comparison
PAWZ has a 0.50% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
PAWZ vs. IBIC - Dividend Comparison
PAWZ's dividend yield for the trailing twelve months is around 0.86%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAWZ ProShares Pet Care ETF | 0.86% | 0.81% | 0.63% | 0.44% | 0.54% | 0.18% | 0.14% | 0.35% | 0.07% |
Frequently Asked Questions
PAWZ and IBIC have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAWZ has higher volatility (3.76%) compared to IBIC (0.23%). In terms of maximum drawdown, PAWZ dropped -50.07% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.52% vs -15.91% for PAWZ. 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 4.52% return vs -15.91%. 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 0.50% for PAWZ.
IBIC has the higher dividend yield at 3.59%, compared with 0.86% for PAWZ.
PAWZ is categorized as Global Equities, while IBIC is Inflation-Protected Bonds. PAWZ tracks FactSet Pet Care 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: 0.50% for PAWZ and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (5.08 vs -0.97), 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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