PSQO vs. IBID
PSQO (Palmer Square Credit Opportunities ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - PSQO is a Multisector Bonds fund actively managed by Palmer Square, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. PSQO is actively managed, while IBID is passively managed. Over the past year, PSQO returned 5.67% vs 4.04% for IBID. At a correlation of -0.14, they often move in opposite directions. PSQO charges 0.52%/yr vs 0.10%/yr for IBID.
Performance
PSQO vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, PSQO achieves a 1.85% return, which is significantly lower than IBID's 1.99% return.
PSQO
- 1D
- -0.07%
- 1M
- 0.46%
- YTD
- 1.85%
- 6M
- 2.07%
- 1Y
- 5.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBID
- 1D
- -0.10%
- 1M
- -0.19%
- YTD
- 1.99%
- 6M
- 2.06%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSQO vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PSQO Palmer Square Credit Opportunities ETF | 1.85% | 7.05% | 1.96% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.99% | 5.66% | 0.45% |
Correlation
The correlation between PSQO and IBID is -0.15, 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 | -0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024 | -0.14 |
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Return for Risk
PSQO vs. IBID — Risk / Return Rank
PSQO
IBID
PSQO vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palmer Square Credit Opportunities ETF (PSQO) 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.
| PSQO | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.77 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 8.61 | 8.54 | +0.07 |
| Martin ratioReturn relative to average drawdown | 35.14 | 33.17 | +1.97 |
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Drawdowns
PSQO vs. IBID - Drawdown Comparison
The maximum PSQO drawdown since its inception was -0.76%, smaller than the maximum IBID drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for PSQO and IBID.
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Drawdown Indicators
| PSQO | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -1.28% | +0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.66% | -0.49% | -0.17% |
Current DrawdownCurrent decline from peak | -0.07% | -0.49% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -0.22% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 0.13% | +0.03% |
Volatility
PSQO vs. IBID - Volatility Comparison
Palmer Square Credit Opportunities ETF (PSQO) has a higher volatility of 0.41% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.36%. This indicates that PSQO'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
| PSQO | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.36% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 0.86% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 1.24% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 2.25% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.98% | 2.25% | -0.27% |
PSQO vs. IBID - Expense Ratio Comparison
PSQO has a 0.52% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
PSQO vs. IBID - Dividend Comparison
PSQO's dividend yield for the trailing twelve months is around 4.12%, more than IBID's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% |
PSQO Palmer Square Credit Opportunities ETF | 4.12% | 4.45% | 1.40% | 0.00% |
Frequently Asked Questions
PSQO and IBID have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSQO has higher volatility (0.41%) compared to IBID (0.36%). In terms of maximum drawdown, PSQO dropped -0.76% vs IBID's -1.28%.
On 1-year performance, PSQO leads with 5.67% vs 4.04% for IBID. On fees, IBID is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PSQO has performed better with a 5.67% return vs 4.04%. 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 0.52% for PSQO.
PSQO has the higher dividend yield at 4.12%, compared with 3.68% for IBID.
PSQO is categorized as Multisector Bonds, while IBID is Inflation-Protected Bonds. They also come from different issuers: Palmer Square and iShares. Their fees differ too: 0.52% for PSQO and 0.10% for IBID.
PSQO currently has the higher Sharpe Ratio (3.70 vs 3.40), 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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