PDP vs. IBID
PDP (Invesco Dorsey Wright Momentum ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - PDP is a Momentum fund tracking the Dorsey Wright Technical Leaders Index, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, PDP returned 40.34% vs 3.92% for IBID. At a correlation of -0.01, they often move in opposite directions. PDP charges 0.62%/yr vs 0.10%/yr for IBID.
Performance
PDP vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, PDP achieves a 27.87% return, which is significantly higher than IBID's 1.94% return.
PDP
- 1D
- -2.83%
- 1M
- 6.30%
- YTD
- 27.87%
- 6M
- 24.23%
- 1Y
- 40.34%
- 3Y*
- 24.48%
- 5Y*
- 11.14%
- 10Y*
- 14.14%
IBID
- 1D
- -0.05%
- 1M
- -0.25%
- YTD
- 1.94%
- 6M
- 2.03%
- 1Y
- 3.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDP vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PDP Invesco Dorsey Wright Momentum ETF | 27.87% | 8.37% | 26.06% | 6.90% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.94% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between PDP and IBID 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 15, 2023 | -0.01 |
Over the past year, the inverse relationship between PDP and IBID has strengthened: their correlation has moved from -0.01 to -0.22, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
PDP vs. IBID — Risk / Return Rank
PDP
IBID
PDP vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Momentum ETF (PDP) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.
| PDP | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.72 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 7.20 | -3.79 |
| Martin ratioReturn relative to average drawdown | 12.03 | 29.14 | -17.11 |
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Drawdowns
PDP vs. IBID - Drawdown Comparison
The maximum PDP drawdown since its inception was -59.34%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for PDP and IBID.
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Drawdown Indicators
| PDP | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.34% | -1.28% | -58.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -0.55% | -11.32% |
Max Drawdown (3Y)Largest decline over 3 years | -23.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | — | — |
Current DrawdownCurrent decline from peak | -2.83% | -0.55% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -0.22% | -10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 0.13% | +3.23% |
Volatility
PDP vs. IBID - Volatility Comparison
Invesco Dorsey Wright Momentum ETF (PDP) has a higher volatility of 8.05% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that PDP's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDP | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 0.35% | +7.70% |
Volatility (6M)Calculated over the trailing 6-month period | 18.09% | 0.86% | +17.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.02% | 1.23% | +21.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.21% | 2.24% | +19.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.69% | 2.24% | +19.45% |
PDP vs. IBID - Expense Ratio Comparison
PDP has a 0.62% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
PDP vs. IBID - Dividend Comparison
PDP's dividend yield for the trailing twelve months is around 0.08%, less than IBID's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDP Invesco Dorsey Wright Momentum ETF | 0.08% | 0.17% | 0.15% | 0.42% | 0.45% | 0.00% | 0.11% | 0.25% | 0.18% | 0.28% | 0.81% | 0.39% |
Frequently Asked Questions
PDP and IBID 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.
PDP has higher volatility (8.05%) compared to IBID (0.35%). In terms of maximum drawdown, PDP dropped -59.34% vs IBID's -1.28%.
On 1-year performance, PDP leads with 40.34% vs 3.92% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PDP has performed better with a 40.34% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.62% for PDP.
IBID has the higher dividend yield at 3.68%, compared with 0.08% for PDP.
PDP is categorized as Momentum, while IBID is Inflation-Protected Bonds. PDP tracks Dorsey Wright Technical Leaders Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.62% for PDP and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.19 vs 1.76), 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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