VOE vs. IBIC
VOE (Vanguard Mid-Cap Value ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - VOE is a Mid Cap Value Equities fund tracking the CRSP US Mid Cap Value Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, VOE returned 23.08% vs 4.42% for IBIC. At a 0.01 correlation, their price movements are largely independent. VOE charges 0.05%/yr vs 0.10%/yr for IBIC.
Performance
VOE vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, VOE achieves a 11.74% return, which is significantly higher than IBIC's 2.43% return.
VOE
- 1D
- 0.12%
- 1M
- 1.41%
- YTD
- 11.74%
- 6M
- 10.93%
- 1Y
- 23.08%
- 3Y*
- 16.24%
- 5Y*
- 9.29%
- 10Y*
- 10.96%
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VOE vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VOE Vanguard Mid-Cap Value ETF | 11.74% | 12.08% | 14.00% | 6.98% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between VOE and IBIC is -0.08, 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 | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.01 |
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Return for Risk
VOE vs. IBIC — Risk / Return Rank
VOE
IBIC
VOE vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value ETF (VOE) 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.
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.
| VOE | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -6.11 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 2.22 | -0.87 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 16.56 | -13.22 |
| Martin ratioReturn relative to average drawdown | 12.65 | 58.67 | -46.02 |
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Drawdowns
VOE vs. IBIC - Drawdown Comparison
The maximum VOE drawdown since its inception was -61.50%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for VOE and IBIC.
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Drawdown Indicators
| VOE | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.50% | -0.90% | -60.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -0.27% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -18.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.18% | — | — |
Current DrawdownCurrent decline from peak | -1.07% | -0.08% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -0.10% | -8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 0.08% | +1.75% |
Volatility
VOE vs. IBIC - Volatility Comparison
Vanguard Mid-Cap Value ETF (VOE) has a higher volatility of 3.36% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that VOE'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
| VOE | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 0.17% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 0.67% | +7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 0.89% | +10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 1.56% | +14.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.79% | 1.56% | +17.23% |
VOE vs. IBIC - Expense Ratio Comparison
VOE has a 0.05% expense ratio, which is lower than IBIC's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VOE vs. IBIC - Dividend Comparison
VOE's dividend yield for the trailing twelve months is around 1.86%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOE Vanguard Mid-Cap Value ETF | 1.86% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Frequently Asked Questions
VOE and IBIC have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOE has higher volatility (3.36%) compared to IBIC (0.17%). In terms of maximum drawdown, VOE dropped -61.50% vs IBIC's -0.90%.
On 1-year performance, VOE leads with 23.08% vs 4.42% for IBIC. On fees, VOE is cheaper at 0.05% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VOE has performed better with a 23.08% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOE is cheaper with a 0.05% expense ratio, compared with 0.10% for IBIC.
IBIC has the higher dividend yield at 3.58%, compared with 1.86% for VOE.
VOE is categorized as Mid Cap Value Equities, while IBIC is Inflation-Protected Bonds. VOE tracks CRSP US Mid Cap Value Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VOE and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 2.00), 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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