UBRL vs. IBIC
UBRL (GraniteShares 2x Long UBER Daily ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - UBRL is a Leveraged Equities fund actively managed by GraniteShares, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. UBRL is actively managed, while IBIC is passively managed. Over the past year, UBRL returned -37.28% vs 4.54% for IBIC. At a correlation of -0.07, they often move in opposite directions. UBRL charges 1.15%/yr vs 0.10%/yr for IBIC.
Performance
UBRL vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, UBRL achieves a -28.65% return, which is significantly lower than IBIC's 2.37% return.
UBRL
- 1D
- 0.19%
- 1M
- -7.56%
- YTD
- -28.65%
- 6M
- -42.96%
- 1Y
- -37.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIC
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 2.37%
- 6M
- 2.51%
- 1Y
- 4.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UBRL vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UBRL GraniteShares 2x Long UBER Daily ETF | -28.65% | 45.90% | -35.13% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 4.96% | 1.53% |
Correlation
The correlation between UBRL and IBIC is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.07 |
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Return for Risk
UBRL vs. IBIC — Risk / Return Rank
UBRL
IBIC
UBRL vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long UBER Daily ETF (UBRL) 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.
| UBRL | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.62 | ||
| Sortino ratioReturn per unit of downside risk | -9.69 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 2.24 | -1.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 17.27 | -17.94 |
| Martin ratioReturn relative to average drawdown | -1.12 | 67.45 | -68.57 |
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
| UBRL | IBIC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 5.05 | -5.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 3.49 | -3.76 |
Drawdowns
UBRL vs. IBIC - Drawdown Comparison
The maximum UBRL drawdown since its inception was -56.25%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for UBRL and IBIC.
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Drawdown Indicators
| UBRL | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.25% | -0.90% | -55.35% |
Max Drawdown (1Y)Largest decline over 1 year | -56.25% | -0.26% | -55.99% |
Current DrawdownCurrent decline from peak | -54.48% | -0.13% | -54.35% |
Average DrawdownAverage peak-to-trough decline | -28.34% | -0.10% | -28.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.27% | 0.07% | +33.20% |
Volatility
UBRL vs. IBIC - Volatility Comparison
GraniteShares 2x Long UBER Daily ETF (UBRL) has a higher volatility of 23.03% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.33%. This indicates that UBRL'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.
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Volatility by Period
| UBRL | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.03% | 0.33% | +22.70% |
Volatility (6M)Calculated over the trailing 6-month period | 48.39% | 0.67% | +47.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.91% | 0.90% | +64.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.97% | 1.58% | +74.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.97% | 1.58% | +74.39% |
UBRL vs. IBIC - Expense Ratio Comparison
UBRL has a 1.15% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
UBRL vs. IBIC - Dividend Comparison
UBRL's dividend yield for the trailing twelve months is around 14.64%, more than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% |
UBRL GraniteShares 2x Long UBER Daily ETF | 14.64% | 10.44% | 0.00% | 0.00% |
Frequently Asked Questions
UBRL and IBIC have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UBRL has higher volatility (23.03%) compared to IBIC (0.33%). In terms of maximum drawdown, UBRL dropped -56.25% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.54% vs -37.28% for UBRL. 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.
Over the 1-year period, IBIC has performed better with a 4.54% return vs -37.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 1.15% for UBRL.
UBRL has the higher dividend yield at 14.64%, compared with 3.59% for IBIC.
UBRL is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.15% for UBRL and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (5.05 vs -0.58), 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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