SMIN vs. IBID
SMIN (iShares MSCI India Small-Cap ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - SMIN is a Asia Pacific Equities fund tracking the MSCI India Small Cap 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, SMIN returned -4.08% vs 4.04% for IBID. At a 0.02 correlation, their price movements are largely independent. SMIN charges 0.76%/yr vs 0.10%/yr for IBID.
Performance
SMIN vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, SMIN achieves a -0.23% return, which is significantly lower than IBID's 1.99% return.
SMIN
- 1D
- -1.48%
- 1M
- 4.98%
- YTD
- -0.23%
- 6M
- -1.01%
- 1Y
- -4.08%
- 3Y*
- 10.32%
- 5Y*
- 7.50%
- 10Y*
- 10.28%
IBID
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 1.99%
- 6M
- 2.08%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMIN vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SMIN iShares MSCI India Small-Cap ETF | -0.23% | -6.68% | 16.78% | 9.55% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.99% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between SMIN and IBID is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.02 |
The correlation between SMIN and IBID shifts across timeframes, from -0.16 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMIN vs. IBID — Risk / Return Rank
SMIN
IBID
SMIN vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) 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.
| SMIN | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.51 | ||
| Sortino ratioReturn per unit of downside risk | -5.74 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.75 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 8.22 | -8.39 |
| Martin ratioReturn relative to average drawdown | -0.37 | 30.99 | -31.36 |
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Drawdowns
SMIN vs. IBID - Drawdown Comparison
The maximum SMIN drawdown since its inception was -60.50%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for SMIN and IBID.
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Drawdown Indicators
| SMIN | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.50% | -1.28% | -59.22% |
Max Drawdown (1Y)Largest decline over 1 year | -24.54% | -0.49% | -24.05% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.50% | — | — |
Current DrawdownCurrent decline from peak | -12.74% | -0.49% | -12.25% |
Average DrawdownAverage peak-to-trough decline | -14.62% | -0.22% | -14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.11% | 0.13% | +10.98% |
Volatility
SMIN vs. IBID - Volatility Comparison
iShares MSCI India Small-Cap ETF (SMIN) has a higher volatility of 5.74% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that SMIN'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.
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Volatility by Period
| SMIN | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 0.35% | +5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 15.96% | 0.86% | +15.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.89% | 1.23% | +17.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 2.24% | +16.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.85% | 2.24% | +20.61% |
SMIN vs. IBID - Expense Ratio Comparison
SMIN has a 0.76% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
SMIN vs. IBID - Dividend Comparison
SMIN's dividend yield for the trailing twelve months is around 2.02%, less than IBID's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMIN iShares MSCI India Small-Cap ETF | 2.02% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Frequently Asked Questions
SMIN and IBID have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMIN has higher volatility (5.74%) compared to IBID (0.35%). In terms of maximum drawdown, SMIN dropped -60.50% vs IBID's -1.28%.
On 1-year performance, IBID leads with 4.04% vs -4.08% for SMIN. 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.
Over the 1-year period, IBID has performed better with a 4.04% return vs -4.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.76% for SMIN.
IBID has the higher dividend yield at 3.68%, compared with 2.02% for SMIN.
SMIN is categorized as Asia Pacific Equities, while IBID is Inflation-Protected Bonds. SMIN tracks MSCI India Small Cap Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.76% for SMIN and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.29 vs -0.22), 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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