QBUF vs. IBID

Last updated Jun 4, 2026

QBUF (Innovator Nasdaq-100 10 Buffer ETF - Quarterly) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - QBUF is a Nasdaq-100 fund tracking the Invesco QQQ Trust, 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, QBUF returned 11.93% vs 4.83% for IBID. At a correlation of -0.05, they often move in opposite directions. QBUF charges 0.79%/yr vs 0.10%/yr for IBID.

Performance

QBUF vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBUF achieves a 4.68% return, which is significantly higher than IBID's 2.46% return.

QBUF

• 1D: -0.01%
• 1M: 0.84%
• YTD: 4.68%
• 6M: 4.57%
• 1Y: 11.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.08%
• 1M: 0.49%
• YTD: 2.46%
• 6M: 2.57%
• 1Y: 4.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QBUF vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly	4.68%	11.08%	5.92%
IBID iShares iBonds Oct 2027 Term TIPS ETF	2.46%	5.66%	2.78%

Correlation

The correlation between QBUF and IBID 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 Jul 2, 2024	-0.05

Return for Risk

QBUF vs. IBID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QBUF

QBUF Risk / Return Rank: 79
QBUF Sharpe Ratio Rank: 70
QBUF Sortino Ratio Rank: 71
QBUF Omega Ratio Rank: 80
QBUF Calmar Ratio Rank: 88
QBUF Martin Ratio Rank: 85

IBID

IBID Risk / Return Rank: 97
IBID Sharpe Ratio Rank: 95
IBID Sortino Ratio Rank: 97
IBID Omega Ratio Rank: 97
IBID Calmar Ratio Rank: 98
IBID Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QBUF vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) 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.

	QBUF	IBID	Difference
Sharpe ratio: Return per unit of total volatility	2.28	3.91	-1.63
Sortino ratio: Return per unit of downside risk	3.20	6.75	-3.55
Omega ratio: Gain probability vs. loss probability	1.48	1.94	-0.46
Calmar ratio: Return relative to maximum drawdown	5.19	13.33	-8.14
Martin ratio: Return relative to average drawdown	17.79	39.52	-21.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QBUF vs. IBID - Sharpe Ratio Comparison

The current QBUF Sharpe Ratio is 2.28, which is lower than the IBID Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of QBUF and IBID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QBUF	IBID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	3.91	-1.63
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	2.56	-1.20

Drawdowns

QBUF vs. IBID - Drawdown Comparison

The maximum QBUF drawdown since its inception was -8.84%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for QBUF and IBID.

Drawdown Indicators

	QBUF	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-8.84%	-1.28%	-7.56%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	-0.36%	-1.95%
Current Drawdown Current decline from peak	-0.01%	0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.82%	-0.22%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	0.12%	+0.55%

Volatility

QBUF vs. IBID - Volatility Comparison

The current volatility for Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) is 0.23%, while iShares iBonds Oct 2027 Term TIPS ETF (IBID) has a volatility of 0.32%. This indicates that QBUF experiences smaller price fluctuations and is considered to be less risky than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBUF	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.23%	0.32%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	3.88%	0.80%	+3.08%
Volatility (1Y) Calculated over the trailing 1-year period	5.25%	1.25%	+4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.47%	2.25%	+6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.47%	2.25%	+6.22%

QBUF vs. IBID - Expense Ratio Comparison

QBUF has a 0.79% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

QBUF vs. IBID - Dividend Comparison

QBUF has not paid dividends to shareholders, while IBID's dividend yield for the trailing twelve months is around 3.66%.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.66%	4.43%	4.24%	0.81%
QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBUF and IBID in my portfolio?

QBUF and IBID 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.

Which is riskier, QBUF or IBID?

IBID has higher volatility (0.32%) compared to QBUF (0.23%). In terms of maximum drawdown, QBUF dropped -8.84% vs IBID's -1.28%.

Which ETF is better, QBUF or IBID?

On 1-year performance, QBUF leads with 11.93% vs 4.83% 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.

Which ETF has performed better, QBUF or IBID?

Over the 1-year period, QBUF has performed better with a 11.93% return vs 4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBUF or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.79% for QBUF.

Which ETF pays a higher dividend yield, QBUF or IBID?

IBID has the higher dividend yield at 3.66%, compared with 0.00% for QBUF.

What is the main difference between QBUF and IBID?

QBUF is categorized as Nasdaq-100, while IBID is Inflation-Protected Bonds. QBUF tracks Invesco QQQ Trust, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for QBUF and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.91 vs 2.28), 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.