TSME vs. IBIC

Last updated Jun 4, 2026

TSME (Thrivent Small-Mid Cap ESG ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - TSME is a Mid Cap Blend Equities fund actively managed by Thrivent, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. TSME is actively managed, while IBIC is passively managed. Over the past year, TSME returned 36.32% vs 4.54% for IBIC. At a correlation of -0.04, they often move in opposite directions. TSME charges 0.65%/yr vs 0.10%/yr for IBIC.

Performance

TSME vs. IBIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Small-Mid Cap ESG ETF (TSME) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSME achieves a 16.53% return, which is significantly higher than IBIC's 2.37% return.

TSME

• 1D: -0.35%
• 1M: 3.31%
• YTD: 16.53%
• 6M: 17.22%
• 1Y: 36.32%
• 3Y*: 21.67%
• 5Y*: —
• 10Y*: —

IBIC

• 1D: 0.02%
• 1M: 0.27%
• YTD: 2.37%
• 6M: 2.51%
• 1Y: 4.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSME vs. IBIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSME Thrivent Small-Mid Cap ESG ETF	16.53%	13.79%	18.98%	8.33%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	2.37%	4.96%	5.25%	2.17%

Correlation

The correlation between TSME and IBIC is -0.24, 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	-0.24
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023	-0.04

Over the past year, the inverse relationship between TSME and IBIC has strengthened: their correlation has moved from -0.04 to -0.24, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

TSME vs. IBIC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSME

TSME Risk / Return Rank: 50
TSME Sharpe Ratio Rank: 50
TSME Sortino Ratio Rank: 51
TSME Omega Ratio Rank: 48
TSME Calmar Ratio Rank: 51
TSME Martin Ratio Rank: 50

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 97
IBIC Sortino Ratio Rank: 98
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 98
IBIC Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSME vs. IBIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small-Mid Cap ESG ETF (TSME) 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.

	TSME	IBIC	Difference
Sharpe ratio Return per unit of total volatility	1.74	5.05	-3.31
Sortino ratio Return per unit of downside risk	2.46	9.12	-6.66
Omega ratio Gain probability vs. loss probability	1.30	2.24	-0.94
Calmar ratio Return relative to maximum drawdown	2.48	17.27	-14.79
Martin ratio Return relative to average drawdown	8.50	67.45	-58.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSME vs. IBIC - Sharpe Ratio Comparison

The current TSME Sharpe Ratio is 1.74, which is lower than the IBIC Sharpe Ratio of 5.05. The chart below compares the historical Sharpe Ratios of TSME and IBIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSME	IBIC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	5.05	-3.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	3.49	-2.60

Drawdowns

TSME vs. IBIC - Drawdown Comparison

The maximum TSME drawdown since its inception was -26.59%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for TSME and IBIC.

Drawdown Indicators

	TSME	IBIC	Difference
Max Drawdown Largest peak-to-trough decline	-26.59%	-0.90%	-25.69%
Max Drawdown (1Y) Largest decline over 1 year	-14.72%	-0.26%	-14.46%
Max Drawdown (3Y) Largest decline over 3 years	-26.59%	—	—
Current Drawdown Current decline from peak	-0.35%	-0.13%	-0.22%
Average Drawdown Average peak-to-trough decline	-5.19%	-0.10%	-5.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	0.07%	+4.22%

Volatility

TSME vs. IBIC - Volatility Comparison

Thrivent Small-Mid Cap ESG ETF (TSME) has a higher volatility of 7.58% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that TSME'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.

Volatility by Period

	TSME	IBIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	0.33%	+7.25%
Volatility (6M) Calculated over the trailing 6-month period	17.07%	0.67%	+16.40%
Volatility (1Y) Calculated over the trailing 1-year period	21.13%	0.90%	+20.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.68%	1.58%	+20.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.68%	1.58%	+20.10%

TSME vs. IBIC - Expense Ratio Comparison

TSME has a 0.65% expense ratio, which is higher than IBIC's 0.10% expense ratio.

Dividends

TSME vs. IBIC - Dividend Comparison

TSME's dividend yield for the trailing twelve months is around 0.14%, less than IBIC's 3.59% yield.

Position	TTM	2025	2024	2023	2022
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.59%	4.43%	4.65%	0.83%	0.00%
TSME Thrivent Small-Mid Cap ESG ETF	0.14%	0.17%	0.38%	0.53%	0.16%

Frequently Asked Questions

Can I hold both TSME and IBIC in my portfolio?

TSME and IBIC have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSME or IBIC?

TSME has higher volatility (7.58%) compared to IBIC (0.33%). In terms of maximum drawdown, TSME dropped -26.59% vs IBIC's -0.90%.

Which ETF is better, TSME or IBIC?

On 1-year performance, TSME leads with 36.32% vs 4.54% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSME or IBIC?

Over the 1-year period, TSME has performed better with a 36.32% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSME or IBIC?

IBIC is cheaper with a 0.10% expense ratio, compared with 0.65% for TSME.

Which ETF pays a higher dividend yield, TSME or IBIC?

IBIC has the higher dividend yield at 3.59%, compared with 0.14% for TSME.

What is the main difference between TSME and IBIC?

TSME is categorized as Mid Cap Blend Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Thrivent and iShares. Their fees differ too: 0.65% for TSME and 0.10% for IBIC.

Which has better risk-adjusted returns?

IBIC currently has the higher Sharpe Ratio (5.05 vs 1.74), 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.