TOK vs. IBID
TOK (iShares MSCI Kokusai ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - TOK is a Large Cap Growth Equities fund tracking the MSCI Kokusai Index, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, TOK returned 22.54% vs 3.92% for IBID. At a 0.05 correlation, their price movements are largely independent. TOK charges 0.25%/yr vs 0.10%/yr for IBID.
Performance
TOK vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, TOK achieves a 7.75% return, which is significantly higher than IBID's 1.94% return.
TOK
- 1D
- -1.13%
- 1M
- -0.88%
- YTD
- 7.75%
- 6M
- 7.00%
- 1Y
- 22.54%
- 3Y*
- 19.77%
- 5Y*
- 11.57%
- 10Y*
- 13.73%
IBID
- 1D
- -0.05%
- 1M
- -0.25%
- YTD
- 1.94%
- 6M
- 2.03%
- 1Y
- 3.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TOK vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TOK iShares MSCI Kokusai ETF | 7.75% | 20.83% | 19.52% | 7.14% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.94% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between TOK and IBID is -0.14, 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 | -0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.05 |
The correlation between TOK and IBID shifts across timeframes, from -0.14 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TOK vs. IBID — Risk / Return Rank
TOK
IBID
TOK vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kokusai ETF (TOK) 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.
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.
| TOK | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.72 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 7.20 | -4.71 |
| Martin ratioReturn relative to average drawdown | 11.15 | 29.14 | -17.99 |
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Drawdowns
TOK vs. IBID - Drawdown Comparison
The maximum TOK drawdown since its inception was -56.18%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for TOK and IBID.
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Drawdown Indicators
| TOK | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -1.28% | -54.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.07% | -0.55% | -8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.82% | — | — |
Current DrawdownCurrent decline from peak | -2.61% | -0.55% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -0.22% | -8.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.13% | +1.90% |
Volatility
TOK vs. IBID - Volatility Comparison
iShares MSCI Kokusai ETF (TOK) has a higher volatility of 4.49% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that TOK'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
| TOK | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 0.35% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 0.86% | +9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 1.23% | +11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 2.24% | +13.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 2.24% | +14.88% |
TOK vs. IBID - Expense Ratio Comparison
TOK has a 0.25% 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
TOK vs. IBID - Dividend Comparison
TOK's dividend yield for the trailing twelve months is around 1.33%, less than IBID's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TOK iShares MSCI Kokusai ETF | 1.33% | 1.37% | 1.66% | 1.95% | 3.55% | 1.66% | 1.52% | 2.12% | 2.74% | 2.60% | 2.56% | 3.02% |
Frequently Asked Questions
TOK and IBID have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TOK has higher volatility (4.49%) compared to IBID (0.35%). In terms of maximum drawdown, TOK dropped -56.18% vs IBID's -1.28%.
On 1-year performance, TOK leads with 22.54% vs 3.92% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TOK has performed better with a 22.54% return vs 3.92%. 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 0.25% for TOK.
IBID has the higher dividend yield at 3.68%, compared with 1.33% for TOK.
TOK is categorized as Large Cap Growth Equities, while IBID is Inflation-Protected Bonds. TOK tracks MSCI Kokusai Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. Their fees differ too: 0.25% for TOK and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.19 vs 1.82), 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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