WAGN vs. IBIC

Last updated Jun 7, 2026

WAGN (Pabrai Wagons ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - WAGN is a Global Equities fund actively managed by Pabrai, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. WAGN is actively managed, while IBIC is passively managed. At a correlation of -0.39, they often move in opposite directions. WAGN charges 0.90%/yr vs 0.10%/yr for IBIC.

Performance

WAGN vs. IBIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pabrai Wagons ETF (WAGN) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAGN

• 1D: -1.86%
• 1M: 3.70%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBIC

• 1D: 0.03%
• 1M: 0.42%
• YTD: 2.37%
• 6M: 2.47%
• 1Y: 4.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WAGN vs. IBIC - Yearly Performance Comparison

	2026 (YTD)
WAGN Pabrai Wagons ETF	6.70%
IBIC iShares iBonds Oct 2026 Term TIPS ETF	1.97%

Correlation

The correlation between WAGN and IBIC is -0.39, 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 (All Time) Calculated using the full available price history since Feb 10, 2026	-0.39

Return for Risk

WAGN vs. IBIC — Risk / Return Rank

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

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 98
IBIC Sortino Ratio Rank: 99
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.

WAGN vs. IBIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pabrai Wagons ETF (WAGN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WAGN	IBIC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	3.48	-2.35

Drawdowns

WAGN vs. IBIC - Drawdown Comparison

The maximum WAGN drawdown since its inception was -5.79%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for WAGN and IBIC.

Drawdown Indicators

	WAGN	IBIC	Difference
Max Drawdown Largest peak-to-trough decline	-5.79%	-0.90%	-4.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.26%	—
Current Drawdown Current decline from peak	-2.43%	-0.13%	-2.30%
Average Drawdown Average peak-to-trough decline	-2.36%	-0.10%	-2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.07%	—

Volatility

Volatility by Period

	WAGN	IBIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.75%	0.90%	+18.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.75%	1.57%	+18.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.75%	1.57%	+18.18%

WAGN vs. IBIC - Expense Ratio Comparison

WAGN has a 0.90% expense ratio, which is higher than IBIC's 0.10% expense ratio.

Dividends

WAGN vs. IBIC - Dividend Comparison

WAGN has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 3.59%.

Position	TTM	2025	2024	2023
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.59%	4.43%	4.65%	0.83%
WAGN Pabrai Wagons ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAGN and IBIC in my portfolio?

WAGN and IBIC have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAGN or IBIC?

On fees, IBIC is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WAGN or IBIC?

IBIC is cheaper with a 0.10% expense ratio, compared with 0.90% for WAGN.

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

IBIC has the higher dividend yield at 3.59%, compared with 0.00% for WAGN.

What is the main difference between WAGN and IBIC?

WAGN is categorized as Global Equities, while IBIC is Inflation-Protected Bonds. They also come from different issuers: Pabrai and iShares. Their fees differ too: 0.90% for WAGN and 0.10% for IBIC.