QETH vs. IBIC

Last updated Jul 16, 2026

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 -37.03% vs 4.11% for IBIC. At a correlation of -0.03, they often move in opposite directions. QETH charges 0.25%/yr vs 0.10%/yr for IBIC.

Performance

QETH vs. IBIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Ethereum ETF (QETH) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QETH achieves a -35.31% return, which is significantly lower than IBIC's 2.48% return.

QETH

• 1D: 2.63%
• 1M: 5.69%
• 6M: -43.32%
• YTD: -35.31%
• 1Y: -37.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIC

• 1D: -0.06%
• 1M: 0.14%
• 6M: 2.32%
• YTD: 2.48%
• 1Y: 4.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QETH vs. IBIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QETH Invesco Galaxy Ethereum ETF	-35.31%	-11.44%	-5.03%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.48%	4.96%	2.66%

Correlation

The correlation between QETH and IBIC is -0.03, 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	-0.03
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	-0.03

Return for Risk

QETH vs. IBIC — Risk / Return Rank

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

QETH

QETH Risk / Return Rank: 5
QETH Sharpe Ratio Rank: 5
QETH Sortino Ratio Rank: 5
QETH Omega Ratio Rank: 5
QETH Calmar Ratio Rank: 5
QETH Martin Ratio Rank: 5

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 98
IBIC Sortino Ratio Rank: 98
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 99
IBIC Martin Ratio Rank: 98

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.

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 ratio: Return per unit of total volatility	-0.54	4.54	-5.09
Sortino ratio: Return per unit of downside risk	-0.48	8.08	-8.56
Omega ratio: Gain probability vs. loss probability	0.95	2.08	-1.13
Calmar ratio: Return relative to maximum drawdown	-0.55	15.39	-15.94
Martin ratio: Return relative to average drawdown	-0.85	52.15	-53.00

QETH vs. IBIC - Sharpe Ratio Comparison

The current QETH Sharpe Ratio is -0.54, which is lower than the IBIC Sharpe Ratio of 4.54. The chart below compares the historical Sharpe Ratios of QETH and IBIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QETH vs. IBIC - Drawdown Comparison

The maximum QETH drawdown since its inception was -67.90%, 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.

Drawdown Indicators

	QETH	IBIC	Difference
Max Drawdown Largest peak-to-trough decline	-67.90%	-0.90%	-67.00%
Max Drawdown (1Y) Largest decline over 1 year	-67.90%	-0.27%	-67.63%
Current Drawdown Current decline from peak	-60.36%	-0.15%	-60.21%
Average Drawdown Average peak-to-trough decline	-34.65%	-0.10%	-34.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.39%	0.08%	+43.31%

Volatility

QETH vs. IBIC - Volatility Comparison

Invesco Galaxy Ethereum ETF (QETH) has a higher volatility of 16.54% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.31%. 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.

Volatility by Period

	QETH	IBIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.54%	0.31%	+16.23%
Volatility (6M) Calculated over the trailing 6-month period	47.42%	0.69%	+46.73%
Volatility (1Y) Calculated over the trailing 1-year period	68.35%	0.91%	+67.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.84%	1.56%	+70.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.84%	1.56%	+70.28%

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 4.63%.

Position	TTM	2025	2024	2023
IBIC iShares iBonds Oct 2026 Term TIPS ETF	4.63%	4.43%	4.65%	0.83%
QETH Invesco Galaxy Ethereum ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QETH and IBIC in my portfolio?

QETH and IBIC have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QETH or IBIC?

QETH has higher volatility (16.54%) compared to IBIC (0.31%). In terms of maximum drawdown, QETH dropped -67.90% vs IBIC's -0.90%.

Which ETF is better, QETH or IBIC?

On 1-year performance, IBIC leads with 4.11% vs -37.03% for QETH. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QETH or IBIC?

Over the 1-year period, IBIC has performed better with a 4.11% return vs -37.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QETH or IBIC?

IBIC is cheaper with a 0.10% expense ratio, compared with 0.25% for QETH.

Which ETF pays a higher dividend yield, QETH or IBIC?

IBIC has the higher dividend yield at 4.63%, compared with 0.00% for QETH.

What is the main difference between QETH and IBIC?

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.

Which has better risk-adjusted returns?

IBIC currently has the higher Sharpe Ratio (4.54 vs -0.54), 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.