SHYG vs. IBIC
SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - SHYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield 0-5 Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, SHYG returned 6.03% vs 4.42% for IBIC. At a 0.17 correlation, their price movements are largely independent. SHYG charges 0.30%/yr vs 0.10%/yr for IBIC.
Performance
SHYG vs. IBIC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHYG achieves a 1.72% return, which is significantly lower than IBIC's 2.43% return.
SHYG
- 1D
- -0.07%
- 1M
- 0.39%
- YTD
- 1.72%
- 6M
- 1.94%
- 1Y
- 6.03%
- 3Y*
- 8.27%
- 5Y*
- 4.78%
- 10Y*
- 5.21%
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHYG vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 1.72% | 7.94% | 8.17% | 4.30% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between SHYG and IBIC is -0.14, 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 | -0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.17 |
The correlation between SHYG and IBIC shifts across timeframes, from -0.14 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHYG vs. IBIC — Risk / Return Rank
SHYG
IBIC
SHYG vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) 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.
| SHYG | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.10 | ||
| Sortino ratioReturn per unit of downside risk | -6.07 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 2.22 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 16.56 | -13.11 |
| Martin ratioReturn relative to average drawdown | 14.95 | 58.67 | -43.72 |
Loading charts...
Drawdowns
SHYG vs. IBIC - Drawdown Comparison
The maximum SHYG drawdown since its inception was -19.26%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for SHYG and IBIC.
Loading charts...
Drawdown Indicators
| SHYG | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -0.90% | -18.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -0.27% | -1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.08% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -0.10% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.08% | +0.32% |
Volatility
SHYG vs. IBIC - Volatility Comparison
iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a higher volatility of 0.83% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that SHYG'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.
Loading charts...
Volatility by Period
| SHYG | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.17% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 0.67% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 0.89% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 1.56% | +4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.41% | 1.56% | +4.85% |
SHYG vs. IBIC - Expense Ratio Comparison
SHYG has a 0.30% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
SHYG vs. IBIC - Dividend Comparison
SHYG's dividend yield for the trailing twelve months is around 7.00%, more than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.00% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
Frequently Asked Questions
SHYG and IBIC have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHYG has higher volatility (0.83%) compared to IBIC (0.17%). In terms of maximum drawdown, SHYG dropped -19.26% vs IBIC's -0.90%.
On 1-year performance, SHYG leads with 6.03% vs 4.42% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SHYG has performed better with a 6.03% return vs 4.42%. 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 0.30% for SHYG.
SHYG has the higher dividend yield at 7.00%, compared with 3.58% for IBIC.
SHYG is categorized as High Yield Bonds, while IBIC is Inflation-Protected Bonds. SHYG tracks Markit iBoxx USD Liquid High Yield 0-5 Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.30% for SHYG and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 1.89), 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.
Find the right allocation for SHYG and IBIC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer