SPTE vs. IBID

Last updated Jun 23, 2026

SPTE (SP Funds S&P Global Technology ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - SPTE is a Technology Equities fund tracking the S&P Global 1200 Shariah Information Technology Capped 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, SPTE returned 71.26% vs 4.04% for IBID. At a correlation of -0.08, they often move in opposite directions. SPTE charges 0.55%/yr vs 0.10%/yr for IBID.

Performance

SPTE vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global Technology ETF (SPTE) 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, SPTE achieves a 40.74% return, which is significantly higher than IBID's 1.99% return.

SPTE

• 1D: 0.58%
• 1M: 7.25%
• YTD: 40.74%
• 6M: 41.80%
• 1Y: 71.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.00%
• 1M: -0.19%
• YTD: 1.99%
• 6M: 2.08%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPTE vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPTE SP Funds S&P Global Technology ETF	40.74%	26.37%	33.28%	5.52%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.99%	5.66%	4.71%	1.40%

Correlation

The correlation between SPTE and IBID is -0.19, 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	-0.19
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	-0.08

The correlation between SPTE and IBID shifts across timeframes, from -0.19 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPTE vs. IBID — Risk / Return Rank

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

SPTE

SPTE Risk / Return Rank: 87
SPTE Sharpe Ratio Rank: 91
SPTE Sortino Ratio Rank: 84
SPTE Omega Ratio Rank: 83
SPTE Calmar Ratio Rank: 89
SPTE Martin Ratio Rank: 87

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 93
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 96
IBID Calmar Ratio Rank: 96
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.

SPTE vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) 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.

	SPTE	IBID	Difference
Sharpe ratio: Return per unit of total volatility	2.94	3.29	-0.35
Sortino ratio: Return per unit of downside risk	3.54	5.55	-2.02
Omega ratio: Gain probability vs. loss probability	1.48	1.75	-0.27
Calmar ratio: Return relative to maximum drawdown	5.19	8.22	-3.03
Martin ratio: Return relative to average drawdown	18.04	30.99	-12.95

SPTE vs. IBID - Sharpe Ratio Comparison

The current SPTE Sharpe Ratio is 2.94, which is comparable to the IBID Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of SPTE 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

SPTE vs. IBID - Drawdown Comparison

The maximum SPTE drawdown since its inception was -25.55%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for SPTE and IBID.

Drawdown Indicators

	SPTE	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-25.55%	-1.28%	-24.27%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-0.49%	-13.31%
Current Drawdown Current decline from peak	-1.94%	-0.49%	-1.45%
Average Drawdown Average peak-to-trough decline	-4.08%	-0.22%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	0.13%	+3.83%

Volatility

SPTE vs. IBID - Volatility Comparison

SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 12.27% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that SPTE'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

	SPTE	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.27%	0.35%	+11.92%
Volatility (6M) Calculated over the trailing 6-month period	20.49%	0.86%	+19.63%
Volatility (1Y) Calculated over the trailing 1-year period	24.38%	1.23%	+23.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.47%	2.24%	+24.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.47%	2.24%	+24.23%

SPTE vs. IBID - Expense Ratio Comparison

SPTE has a 0.55% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

SPTE vs. IBID - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.68%, 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%
SPTE SP Funds S&P Global Technology ETF	0.68%	0.96%	0.48%	0.00%

Frequently Asked Questions

Can I hold both SPTE and IBID in my portfolio?

SPTE and IBID have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPTE or IBID?

SPTE has higher volatility (12.27%) compared to IBID (0.35%). In terms of maximum drawdown, SPTE dropped -25.55% vs IBID's -1.28%.

Which ETF is better, SPTE or IBID?

On 1-year performance, SPTE leads with 71.26% vs 4.04% 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, SPTE or IBID?

Over the 1-year period, SPTE has performed better with a 71.26% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTE or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.55% for SPTE.

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

IBID has the higher dividend yield at 3.68%, compared with 0.68% for SPTE.

What is the main difference between SPTE and IBID?

SPTE is categorized as Technology Equities, while IBID is Inflation-Protected Bonds. SPTE tracks S&P Global 1200 Shariah Information Technology Capped Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: SP Funds and iShares. Their fees differ too: 0.55% for SPTE and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.29 vs 2.94), 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.