PEX vs. RBIL
PEX (ProShares Global Listed Private Equity ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - PEX is a Financials Equities fund tracking the LPX Direct Listed Private Equity Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, PEX returned -16.18% vs 4.20% for RBIL. At a correlation of -0.10, they often move in opposite directions. PEX charges 3.13%/yr vs 0.17%/yr for RBIL.
Performance
PEX vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, PEX achieves a -9.43% return, which is significantly lower than RBIL's 2.66% return.
PEX
- 1D
- 1.49%
- 1M
- 1.38%
- 6M
- -10.06%
- YTD
- -9.43%
- 1Y
- -16.18%
- 3Y*
- 4.33%
- 5Y*
- -0.27%
- 10Y*
- 4.80%
RBIL
- 1D
- 0.03%
- 1M
- 0.08%
- 6M
- 2.48%
- YTD
- 2.66%
- 1Y
- 4.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEX vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PEX ProShares Global Listed Private Equity ETF | -9.43% | -4.26% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.66% | 2.85% |
Correlation
The correlation between PEX and RBIL is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.10 |
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Return for Risk
PEX vs. RBIL — Risk / Return Rank
PEX
RBIL
PEX vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Global Listed Private Equity ETF (PEX) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.
| PEX | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.53 | ||
| Sortino ratioReturn per unit of downside risk | -8.37 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 2.20 | -1.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 7.57 | -8.21 |
| Martin ratioReturn relative to average drawdown | -1.14 | 32.59 | -33.73 |
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Drawdowns
PEX vs. RBIL - Drawdown Comparison
The maximum PEX drawdown since its inception was -49.17%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for PEX and RBIL.
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Drawdown Indicators
| PEX | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.17% | -0.56% | -48.61% |
Max Drawdown (1Y)Largest decline over 1 year | -24.72% | -0.56% | -24.16% |
Max Drawdown (3Y)Largest decline over 3 years | -24.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.17% | — | — |
Current DrawdownCurrent decline from peak | -18.14% | -0.17% | -17.97% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -0.08% | -8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.75% | 0.13% | +13.62% |
Volatility
PEX vs. RBIL - Volatility Comparison
ProShares Global Listed Private Equity ETF (PEX) has a higher volatility of 3.84% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.33%. This indicates that PEX's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEX | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 0.33% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 0.86% | +12.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 0.94% | +14.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 1.06% | +16.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 1.06% | +18.19% |
PEX vs. RBIL - Expense Ratio Comparison
PEX has a 3.13% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
PEX vs. RBIL - Dividend Comparison
PEX's dividend yield for the trailing twelve months is around 8.76%, more than RBIL's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEX ProShares Global Listed Private Equity ETF | 8.76% | 12.80% | 14.11% | 13.02% | 1.77% | 13.64% | 5.52% | 7.94% | 4.72% | 24.26% | 3.24% | 12.50% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.37% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PEX and RBIL have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PEX has higher volatility (3.84%) compared to RBIL (0.33%). In terms of maximum drawdown, PEX dropped -49.17% vs RBIL's -0.56%.
On 1-year performance, RBIL leads with 4.20% vs -16.18% for PEX. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL 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, RBIL has performed better with a 4.20% return vs -16.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 3.13% for PEX.
PEX has the higher dividend yield at 8.76%, compared with 4.37% for RBIL.
PEX is categorized as Financials Equities, while RBIL is Inflation-Protected Bonds. PEX tracks LPX Direct Listed Private Equity Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: ProShares and F/m. Their fees differ too: 3.13% for PEX and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (4.54 vs -0.99), 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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