TDTF vs. ICPI
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds - TDTF tracks the iBoxx 5-Year Target Duration TIPS while ICPI tracks the ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. Both are passively managed. Their 0.05 correlation means their historical movements had little consistent relationship. TDTF charges 0.18%/yr vs 0.09%/yr for ICPI.
Performance
TDTF vs. ICPI - Performance Comparison
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Returns By Period
In the year-to-date period, TDTF achieves a 1.01% return, which is significantly lower than ICPI's 2.78% return.
TDTF
- 1D
- 0.11%
- 1M
- -0.12%
- 6M
- 0.53%
- YTD
- 1.01%
- 1Y
- 2.01%
- 3Y*
- 4.41%
- 5Y*
- 1.18%
- 10Y*
- 2.82%
- ALL TIME*
- 2.23%
ICPI
- 1D
- -0.08%
- 1M
- 0.20%
- 6M
- 2.43%
- YTD
- 2.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $488.52K | $323.13K | $288.99K | |
| $3.31M | $3.20M | $4.11M |
TDTF vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.01% | 0.03% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.78% | 0.32% |
Correlation
The correlation between TDTF and ICPI is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.05 |
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Return for Risk
TDTF vs. ICPI — Risk / Return Rank
TDTF
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TDTF vs. ICPI - 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 0-1 Year TIPS Bond ETF (ICPI). 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.
| TDTF | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | — | — |
| Martin ratioReturn relative to average drawdown | 3.21 | — | — |
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Drawdowns
TDTF vs. ICPI - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, which is greater than ICPI's maximum drawdown of -0.34%. Use the drawdown chart below to compare losses from any high point for TDTF and ICPI.
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Drawdown Indicators
| TDTF | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -0.34% | -11.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | — | — |
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 | -1.07% | -0.12% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -0.05% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | — | — |
Volatility
TDTF vs. ICPI - Volatility Comparison
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Volatility by Period
| TDTF | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 0.99% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 0.99% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 0.99% | +4.08% |
TDTF vs. ICPI - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is higher than ICPI's 0.09% 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. ICPI - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 5.84%, more than ICPI's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 3.24% | 0.54% | 0.00% | 0.00% | 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 | 5.84% | 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 ICPI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.18% for TDTF.
TDTF has the higher dividend yield at 5.84%, compared with 3.24% for ICPI.
TDTF tracks iBoxx 5-Year Target Duration TIPS, while ICPI tracks ICE U.S. Treasury 0-1 Year Inflation Linked Bond Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.18% for TDTF and 0.09% for ICPI.
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