TDTF vs. IBIE
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and IBIE (iShares iBonds Oct 2028 Term TIPS ETF) are both Inflation-Protected Bonds funds - TDTF tracks the iBoxx 5-Year Target Duration TIPS while IBIE tracks the ICE 2028 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, TDTF returned 4.72% vs 4.68% for IBIE. Their correlation of 0.86 suggests significant overlap in exposure. TDTF charges 0.18%/yr vs 0.10%/yr for IBIE.
Performance
TDTF vs. IBIE - 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 IBIE's 2.09% return.
TDTF
- 1D
- 0.00%
- 1M
- -0.28%
- YTD
- 1.52%
- 6M
- 1.29%
- 1Y
- 4.72%
- 3Y*
- 4.46%
- 5Y*
- 1.72%
- 10Y*
- 2.94%
IBIE
- 1D
- -0.02%
- 1M
- 0.30%
- YTD
- 2.09%
- 6M
- 2.10%
- 1Y
- 4.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDTF vs. IBIE - 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% |
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 2.09% | 6.46% | 3.95% | 2.93% |
Correlation
The correlation between TDTF and IBIE is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | 0.86 |
The correlation between TDTF and IBIE shifts across timeframes, from 0.73 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDTF vs. IBIE — Risk / Return Rank
TDTF
IBIE
TDTF vs. IBIE - 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 2028 Term TIPS ETF (IBIE). 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 | IBIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.67 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 8.51 | -5.52 |
| Martin ratioReturn relative to average drawdown | 10.06 | 25.61 | -15.55 |
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 | IBIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 3.02 | -1.46 |
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 | 2.01 | -1.54 |
Drawdowns
TDTF vs. IBIE - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, which is greater than IBIE's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for TDTF and IBIE.
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Drawdown Indicators
| TDTF | IBIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -1.70% | -10.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -0.55% | -1.03% |
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% | -0.02% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -0.39% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.19% | +0.29% |
Volatility
TDTF vs. IBIE - Volatility Comparison
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) has a higher volatility of 0.71% compared to iShares iBonds Oct 2028 Term TIPS ETF (IBIE) at 0.36%. This indicates that TDTF's price experiences larger fluctuations and is considered to be riskier than IBIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDTF | IBIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.36% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 0.97% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 1.56% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 2.85% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 2.85% | +2.22% |
TDTF vs. IBIE - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is higher than IBIE'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. IBIE - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 4.71%, more than IBIE's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 3.25% | 4.09% | 4.23% | 0.75% | 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 IBIE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDTF has higher volatility (0.71%) compared to IBIE (0.36%). In terms of maximum drawdown, TDTF dropped -12.02% vs IBIE's -1.70%.
On 1-year performance, TDTF leads with 4.72% vs 4.68% for IBIE. On fees, IBIE is cheaper at 0.10% per year. On volatility, IBIE has been the lower-risk option at 0.36%. 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 4.72% return vs 4.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIE 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 3.25% for IBIE.
TDTF tracks iBoxx 5-Year Target Duration TIPS, while IBIE tracks ICE 2028 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 IBIE.
IBIE currently has the higher Sharpe Ratio (3.02 vs 1.56), 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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