UBRL vs. IBID

Last updated Jun 24, 2026

UBRL (GraniteShares 2x Long UBER Daily ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - UBRL is a Leveraged Equities fund actively managed by GraniteShares, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. UBRL is actively managed, while IBID is passively managed. Over the past year, UBRL returned -44.53% vs 3.92% for IBID. At a correlation of -0.06, they often move in opposite directions. UBRL charges 1.15%/yr vs 0.10%/yr for IBID.

Performance

UBRL vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long UBER Daily ETF (UBRL) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UBRL achieves a -33.50% return, which is significantly lower than IBID's 1.94% return.

UBRL

• 1D: -4.91%
• 1M: -7.71%
• YTD: -33.50%
• 6M: -32.37%
• 1Y: -44.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: -0.05%
• 1M: -0.25%
• YTD: 1.94%
• 6M: 2.03%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UBRL vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UBRL GraniteShares 2x Long UBER Daily ETF	-33.50%	45.90%	-35.13%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.94%	5.66%	0.98%

Correlation

The correlation between UBRL and IBID 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 4, 2024	-0.06

Return for Risk

UBRL vs. IBID — Risk / Return Rank

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

UBRL

UBRL Risk / Return Rank: 3
UBRL Sharpe Ratio Rank: 4
UBRL Sortino Ratio Rank: 4
UBRL Omega Ratio Rank: 4
UBRL Calmar Ratio Rank: 2
UBRL Martin Ratio Rank: 3

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 94
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 95
IBID Calmar Ratio Rank: 95
IBID Martin Ratio Rank: 95

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.

UBRL vs. IBID - 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 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.

	UBRL	IBID	Difference
Sharpe ratio: Return per unit of total volatility	-0.67	3.19	-3.87
Sortino ratio: Return per unit of downside risk	-0.81	5.38	-6.19
Omega ratio: Gain probability vs. loss probability	0.91	1.72	-0.81
Calmar ratio: Return relative to maximum drawdown	-0.76	7.20	-7.97
Martin ratio: Return relative to average drawdown	-1.25	29.14	-30.39

UBRL vs. IBID - Sharpe Ratio Comparison

The current UBRL Sharpe Ratio is -0.67, which is lower than the IBID Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of UBRL and IBID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UBRL vs. IBID - Drawdown Comparison

The maximum UBRL drawdown since its inception was -58.45%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for UBRL and IBID.

Drawdown Indicators

	UBRL	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-58.45%	-1.28%	-57.17%
Max Drawdown (1Y) Largest decline over 1 year	-58.45%	-0.55%	-57.90%
Current Drawdown Current decline from peak	-57.57%	-0.55%	-57.02%
Average Drawdown Average peak-to-trough decline	-29.07%	-0.22%	-28.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.60%	0.13%	+35.47%

Volatility

UBRL vs. IBID - Volatility Comparison

GraniteShares 2x Long UBER Daily ETF (UBRL) has a higher volatility of 20.84% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that UBRL'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.

Volatility by Period

	UBRL	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.84%	0.35%	+20.49%
Volatility (6M) Calculated over the trailing 6-month period	47.39%	0.86%	+46.53%
Volatility (1Y) Calculated over the trailing 1-year period	66.32%	1.23%	+65.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.77%	2.24%	+73.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.77%	2.24%	+73.53%

UBRL vs. IBID - Expense Ratio Comparison

UBRL has a 1.15% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

UBRL vs. IBID - Dividend Comparison

UBRL's dividend yield for the trailing twelve months is around 15.70%, more than IBID's 3.68% yield.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%
UBRL GraniteShares 2x Long UBER Daily ETF	15.70%	10.44%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UBRL and IBID in my portfolio?

UBRL and IBID 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.

Which is riskier, UBRL or IBID?

UBRL has higher volatility (20.84%) compared to IBID (0.35%). In terms of maximum drawdown, UBRL dropped -58.45% vs IBID's -1.28%.

Which ETF is better, UBRL or IBID?

On 1-year performance, IBID leads with 3.92% vs -44.53% for UBRL. 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.

Which ETF has performed better, UBRL or IBID?

Over the 1-year period, IBID has performed better with a 3.92% return vs -44.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UBRL or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 1.15% for UBRL.

Which ETF pays a higher dividend yield, UBRL or IBID?

UBRL has the higher dividend yield at 15.70%, compared with 3.68% for IBID.

What is the main difference between UBRL and IBID?

UBRL is categorized as Leveraged Equities, while IBID 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 IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.19 vs -0.67), 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.