SETM vs. IBID

Last updated Jun 24, 2026

SETM (Sprott Critical Materials ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - SETM is a Materials fund tracking the Nasdaq Sprott Critical Materials Index, 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, SETM returned 95.17% vs 3.92% for IBID. At a 0.01 correlation, their price movements are largely independent. SETM charges 0.65%/yr vs 0.10%/yr for IBID.

Performance

SETM vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Critical Materials ETF (SETM) 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, SETM achieves a 11.16% return, which is significantly higher than IBID's 1.94% return.

SETM

• 1D: -4.08%
• 1M: -8.14%
• YTD: 11.16%
• 6M: 8.97%
• 1Y: 95.17%
• 3Y*: 25.14%
• 5Y*: —
• 10Y*: —

IBID

• 1D: -0.05%
• 1M: -0.25%
• YTD: 1.94%
• 6M: 2.03%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SETM vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SETM Sprott Critical Materials ETF	11.16%	95.27%	-13.24%	-1.74%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.94%	5.66%	4.71%	2.61%

Correlation

The correlation between SETM 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 Sep 15, 2023	0.01

The correlation between SETM and IBID shifts across timeframes, from -0.13 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SETM vs. IBID — Risk / Return Rank

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

SETM

SETM Risk / Return Rank: 61
SETM Sharpe Ratio Rank: 66
SETM Sortino Ratio Rank: 51
SETM Omega Ratio Rank: 53
SETM Calmar Ratio Rank: 75
SETM Martin Ratio Rank: 62

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 94
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 95
IBID Calmar Ratio Rank: 95
IBID Martin Ratio Rank: 95

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.

SETM vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Critical Materials ETF (SETM) 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.

	SETM	IBID	Difference
Sharpe ratio: Return per unit of total volatility	2.05	3.19	-1.14
Sortino ratio: Return per unit of downside risk	2.41	5.38	-2.97
Omega ratio: Gain probability vs. loss probability	1.32	1.72	-0.40
Calmar ratio: Return relative to maximum drawdown	3.70	7.20	-3.50
Martin ratio: Return relative to average drawdown	10.56	29.14	-18.58

SETM vs. IBID - Sharpe Ratio Comparison

The current SETM Sharpe Ratio is 2.05, which is lower than the IBID Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of SETM 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.

Drawdowns

SETM vs. IBID - Drawdown Comparison

The maximum SETM drawdown since its inception was -42.81%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for SETM and IBID.

Drawdown Indicators

	SETM	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-42.81%	-1.28%	-41.53%
Max Drawdown (1Y) Largest decline over 1 year	-25.85%	-0.55%	-25.30%
Max Drawdown (3Y) Largest decline over 3 years	-42.81%	—	—
Current Drawdown Current decline from peak	-19.00%	-0.55%	-18.45%
Average Drawdown Average peak-to-trough decline	-15.03%	-0.22%	-14.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.04%	0.13%	+8.91%

Volatility

SETM vs. IBID - Volatility Comparison

Sprott Critical Materials ETF (SETM) has a higher volatility of 17.16% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that SETM'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.

Volatility by Period

	SETM	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.16%	0.35%	+16.81%
Volatility (6M) Calculated over the trailing 6-month period	37.55%	0.86%	+36.69%
Volatility (1Y) Calculated over the trailing 1-year period	46.69%	1.23%	+45.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.23%	2.24%	+34.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.23%	2.24%	+34.99%

SETM vs. IBID - Expense Ratio Comparison

SETM has a 0.65% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

SETM vs. IBID - Dividend Comparison

SETM's dividend yield for the trailing twelve months is around 1.41%, less 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%
SETM Sprott Critical Materials ETF	1.41%	1.56%	2.07%	2.47%

Frequently Asked Questions

Can I hold both SETM and IBID in my portfolio?

SETM 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, SETM or IBID?

SETM has higher volatility (17.16%) compared to IBID (0.35%). In terms of maximum drawdown, SETM dropped -42.81% vs IBID's -1.28%.

Which ETF is better, SETM or IBID?

On 1-year performance, SETM leads with 95.17% vs 3.92% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SETM or IBID?

Over the 1-year period, SETM has performed better with a 95.17% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SETM or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.65% for SETM.

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

IBID has the higher dividend yield at 3.68%, compared with 1.41% for SETM.

What is the main difference between SETM and IBID?

SETM is categorized as Materials, while IBID is Inflation-Protected Bonds. SETM tracks Nasdaq Sprott Critical Materials Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Sprott and iShares. Their fees differ too: 0.65% for SETM and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.19 vs 2.05), 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.