TBLU vs. IBIC
TBLU (Tortoise Global Water Fund) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - TBLU is a Water Equities fund tracking the Tortoise Global Water ESG Net Total Return 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, TBLU returned -0.84% vs 4.42% for IBIC. At a 0.02 correlation, their price movements are largely independent. TBLU charges 0.40%/yr vs 0.10%/yr for IBIC.
Performance
TBLU vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, TBLU achieves a -0.84% return, which is significantly lower than IBIC's 2.43% return.
TBLU
- 1D
- -0.58%
- 1M
- 0.88%
- YTD
- -0.84%
- 6M
- -2.19%
- 1Y
- -0.84%
- 3Y*
- 9.69%
- 5Y*
- 4.24%
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBLU vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TBLU Tortoise Global Water Fund | -0.84% | 11.82% | 8.54% | 10.68% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between TBLU and IBIC is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.02 |
The correlation between TBLU and IBIC shifts across timeframes, from -0.18 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TBLU vs. IBIC — Risk / Return Rank
TBLU
IBIC
TBLU vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise Global Water Fund (TBLU) 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.
| TBLU | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.05 | ||
| Sortino ratioReturn per unit of downside risk | -8.95 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 2.22 | -1.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 16.56 | -16.63 |
| Martin ratioReturn relative to average drawdown | -0.14 | 58.67 | -58.81 |
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Drawdowns
TBLU vs. IBIC - Drawdown Comparison
The maximum TBLU drawdown since its inception was -37.58%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for TBLU and IBIC.
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Drawdown Indicators
| TBLU | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.58% | -0.90% | -36.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.17% | -0.27% | -12.90% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | — | — |
Current DrawdownCurrent decline from peak | -10.61% | -0.08% | -10.53% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -0.10% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | 0.08% | +5.90% |
Volatility
TBLU vs. IBIC - Volatility Comparison
Tortoise Global Water Fund (TBLU) has a higher volatility of 4.36% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that TBLU'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
| TBLU | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 0.17% | +4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 0.67% | +11.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.73% | 0.89% | +13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.35% | 1.56% | +15.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 1.56% | +17.39% |
TBLU vs. IBIC - Expense Ratio Comparison
TBLU has a 0.40% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
TBLU vs. IBIC - Dividend Comparison
TBLU's dividend yield for the trailing twelve months is around 3.33%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TBLU Tortoise Global Water Fund | 3.33% | 3.31% | 1.34% | 1.46% | 1.64% | 1.55% | 1.42% | 1.58% | 1.35% | 1.32% |
Frequently Asked Questions
TBLU and IBIC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TBLU has higher volatility (4.36%) compared to IBIC (0.17%). In terms of maximum drawdown, TBLU dropped -37.58% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -0.84% for TBLU. 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, IBIC has performed better with a 4.42% return vs -0.84%. 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 0.40% for TBLU.
IBIC has the higher dividend yield at 3.58%, compared with 3.33% for TBLU.
TBLU is categorized as Water Equities, while IBIC is Inflation-Protected Bonds. TBLU tracks Tortoise Global Water ESG Net Total Return Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Tortoise and iShares. Their fees differ too: 0.40% for TBLU and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.06), 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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