QETH vs. IBIC
QETH (Invesco Galaxy Ethereum ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - QETH is a Cryptocurrency fund actively managed by Invesco, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. QETH is actively managed, while IBIC is passively managed. Over the past year, QETH returned -35.24% vs 4.40% for IBIC. At a correlation of -0.02, they often move in opposite directions. QETH charges 0.25%/yr vs 0.10%/yr for IBIC.
Performance
QETH vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, QETH achieves a -46.74% return, which is significantly lower than IBIC's 2.33% return.
QETH
- 1D
- -4.60%
- 1M
- -23.32%
- YTD
- -46.74%
- 6M
- -46.14%
- 1Y
- -35.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- -0.10%
- 1M
- 0.02%
- YTD
- 2.33%
- 6M
- 2.35%
- 1Y
- 4.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QETH vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QETH Invesco Galaxy Ethereum ETF | -46.74% | -11.44% | -5.03% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.33% | 4.96% | 2.66% |
Correlation
The correlation between QETH and IBIC is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | -0.02 |
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Return for Risk
QETH vs. IBIC — Risk / Return Rank
QETH
IBIC
QETH vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Ethereum ETF (QETH) 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.
| QETH | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.46 | ||
| Sortino ratioReturn per unit of downside risk | -9.28 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 2.21 | -1.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 16.49 | -17.01 |
| Martin ratioReturn relative to average drawdown | -0.87 | 57.80 | -58.66 |
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Drawdowns
QETH vs. IBIC - Drawdown Comparison
The maximum QETH drawdown since its inception was -67.51%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for QETH and IBIC.
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Drawdown Indicators
| QETH | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.51% | -0.90% | -66.61% |
Max Drawdown (1Y)Largest decline over 1 year | -67.51% | -0.27% | -67.24% |
Current DrawdownCurrent decline from peak | -67.36% | -0.17% | -67.19% |
Average DrawdownAverage peak-to-trough decline | -33.78% | -0.10% | -33.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.63% | 0.08% | +40.55% |
Volatility
QETH vs. IBIC - Volatility Comparison
Invesco Galaxy Ethereum ETF (QETH) has a higher volatility of 19.78% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.19%. This indicates that QETH'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
| QETH | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.78% | 0.19% | +19.59% |
Volatility (6M)Calculated over the trailing 6-month period | 46.49% | 0.67% | +45.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.13% | 0.90% | +68.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.39% | 1.56% | +70.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.39% | 1.56% | +70.83% |
QETH vs. IBIC - Expense Ratio Comparison
QETH has a 0.25% expense ratio, which is higher than IBIC's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
QETH vs. IBIC - Dividend Comparison
QETH has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
QETH Invesco Galaxy Ethereum ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QETH and IBIC have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QETH has higher volatility (19.78%) compared to IBIC (0.19%). In terms of maximum drawdown, QETH dropped -67.51% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.40% vs -35.24% for QETH. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.19%. 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 4.40% return vs -35.24%. 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 0.25% for QETH.
IBIC has the higher dividend yield at 3.59%, compared with 0.00% for QETH.
QETH is categorized as Cryptocurrency, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for QETH and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.95 vs -0.51), 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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