TDTF vs. IBID
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both Inflation-Protected Bonds funds - TDTF tracks the iBoxx 5-Year Target Duration TIPS while IBID tracks the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, TDTF returned 5.07% vs 4.83% for IBID. A 0.76 correlation means they provide meaningful diversification when combined. TDTF charges 0.18%/yr vs 0.10%/yr for IBID.
Performance
TDTF vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, TDTF achieves a 1.52% return, which is significantly lower than IBID's 2.46% return.
TDTF
- 1D
- -0.13%
- 1M
- -0.44%
- YTD
- 1.52%
- 6M
- 1.18%
- 1Y
- 5.07%
- 3Y*
- 4.56%
- 5Y*
- 1.72%
- 10Y*
- 2.93%
IBID
- 1D
- 0.08%
- 1M
- 0.49%
- YTD
- 2.46%
- 6M
- 2.57%
- 1Y
- 4.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDTF vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.52% | 7.83% | 2.40% | 3.09% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 2.46% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between TDTF and IBID is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.76 |
Over the past year, the correlation between TDTF and IBID has dropped to 0.52 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
TDTF vs. IBID — Risk / Return Rank
TDTF
IBID
TDTF vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) 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.
| TDTF | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.94 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 13.33 | -10.11 |
| Martin ratioReturn relative to average drawdown | 10.66 | 39.52 | -28.86 |
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
| TDTF | IBID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 3.91 | -2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 2.56 | -2.08 |
Drawdowns
TDTF vs. IBID - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for TDTF and IBID.
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Drawdown Indicators
| TDTF | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -1.28% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -0.36% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | 0.00% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -0.22% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.12% | +0.36% |
Volatility
TDTF vs. IBID - Volatility Comparison
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) has a higher volatility of 0.73% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.32%. This indicates that TDTF'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
| TDTF | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.32% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 0.80% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 1.25% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 2.25% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 2.25% | +2.82% |
TDTF vs. IBID - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is higher than IBID's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TDTF vs. IBID - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 4.71%, more than IBID's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.66% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 4.71% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
Frequently Asked Questions
TDTF and IBID have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDTF has higher volatility (0.73%) compared to IBID (0.32%). In terms of maximum drawdown, TDTF dropped -12.02% vs IBID's -1.28%.
On 1-year performance, TDTF leads with 5.07% vs 4.83% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TDTF has performed better with a 5.07% return vs 4.83%. 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 0.18% for TDTF.
TDTF has the higher dividend yield at 4.71%, compared with 3.66% for IBID.
TDTF tracks iBoxx 5-Year Target Duration TIPS, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.18% for TDTF and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.91 vs 1.67), 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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