SPXE vs. IBIC
SPXE (ProShares S&P 500 Ex-Energy ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - SPXE is a S&P 500 fund tracking the S&P 500 Ex-Energy 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, SPXE returned 27.46% vs 4.54% for IBIC. At a correlation of -0.07, they often move in opposite directions. SPXE charges 0.09%/yr vs 0.10%/yr for IBIC.
Performance
SPXE vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, SPXE achieves a 10.29% return, which is significantly higher than IBIC's 2.37% return.
SPXE
- 1D
- -0.72%
- 1M
- 5.33%
- YTD
- 10.29%
- 6M
- 10.47%
- 1Y
- 27.46%
- 3Y*
- 22.55%
- 5Y*
- 13.56%
- 10Y*
- 15.72%
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXE vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPXE ProShares S&P 500 Ex-Energy ETF | 10.29% | 18.03% | 25.72% | 8.35% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between SPXE and IBIC is -0.25, 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 | -0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | -0.07 |
The correlation between SPXE and IBIC shifts across timeframes, from -0.25 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPXE vs. IBIC — Risk / Return Rank
SPXE
IBIC
SPXE vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Energy ETF (SPXE) 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.
| SPXE | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.83 | ||
| Sortino ratioReturn per unit of downside risk | -6.06 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 2.24 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 17.27 | -14.54 |
| Martin ratioReturn relative to average drawdown | 12.40 | 67.45 | -55.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPXE | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 5.05 | -2.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 3.49 | -2.58 |
Drawdowns
SPXE vs. IBIC - Drawdown Comparison
The maximum SPXE drawdown since its inception was -32.27%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for SPXE and IBIC.
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Drawdown Indicators
| SPXE | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.27% | -0.90% | -31.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -0.26% | -9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.27% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.13% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -0.10% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.07% | +2.15% |
Volatility
SPXE vs. IBIC - Volatility Comparison
ProShares S&P 500 Ex-Energy ETF (SPXE) has a higher volatility of 3.20% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that SPXE'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.
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Volatility by Period
| SPXE | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 0.33% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 0.67% | +8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 0.90% | +11.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 1.58% | +15.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 1.58% | +15.84% |
SPXE vs. IBIC - Expense Ratio Comparison
SPXE has a 0.09% expense ratio, which is lower than IBIC's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPXE vs. IBIC - Dividend Comparison
SPXE's dividend yield for the trailing twelve months is around 0.91%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXE ProShares S&P 500 Ex-Energy ETF | 0.91% | 0.99% | 1.09% | 1.29% | 1.49% | 0.94% | 1.16% | 1.38% | 1.61% | 1.65% | 1.53% | 0.51% |
Frequently Asked Questions
SPXE and IBIC have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXE has higher volatility (3.20%) compared to IBIC (0.33%). In terms of maximum drawdown, SPXE dropped -32.27% vs IBIC's -0.90%.
On 1-year performance, SPXE leads with 27.46% vs 4.54% for IBIC. On fees, SPXE is cheaper at 0.09% per year. On volatility, IBIC has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPXE has performed better with a 27.46% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPXE is cheaper with a 0.09% expense ratio, compared with 0.10% for IBIC.
IBIC has the higher dividend yield at 3.59%, compared with 0.91% for SPXE.
SPXE is categorized as S&P 500, while IBIC is Inflation-Protected Bonds. SPXE tracks S&P 500 Ex-Energy Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.09% for SPXE and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (5.05 vs 2.22), 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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