XME vs. IBIC
XME (SPDR S&P Metals & Mining ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - XME is a Materials fund tracking the S&P Metals & Mining Select Industry 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, XME returned 76.71% vs 4.38% for IBIC. At a 0.06 correlation, their price movements are largely independent. XME charges 0.35%/yr vs 0.10%/yr for IBIC.
Performance
XME vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, XME achieves a 11.35% return, which is significantly higher than IBIC's 2.39% return.
XME
- 1D
- -1.47%
- 1M
- -1.51%
- YTD
- 11.35%
- 6M
- 7.66%
- 1Y
- 76.71%
- 3Y*
- 34.03%
- 5Y*
- 23.02%
- 10Y*
- 18.97%
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XME vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XME SPDR S&P Metals & Mining ETF | 11.35% | 83.47% | -4.54% | 11.54% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between XME and IBIC is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.06 |
The correlation between XME and IBIC shifts across timeframes, from -0.10 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XME vs. IBIC — Risk / Return Rank
XME
IBIC
XME vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Metals & Mining ETF (XME) 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.
| XME | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -6.26 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 2.21 | -0.88 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 16.41 | -13.00 |
| Martin ratioReturn relative to average drawdown | 8.38 | 58.11 | -49.73 |
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Drawdowns
XME vs. IBIC - Drawdown Comparison
The maximum XME drawdown since its inception was -85.89%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for XME and IBIC.
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Drawdown Indicators
| XME | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -0.90% | -84.99% |
Max Drawdown (1Y)Largest decline over 1 year | -22.60% | -0.27% | -22.33% |
Max Drawdown (3Y)Largest decline over 3 years | -30.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -61.69% | — | — |
Current DrawdownCurrent decline from peak | -13.20% | -0.11% | -13.09% |
Average DrawdownAverage peak-to-trough decline | -44.06% | -0.10% | -43.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.19% | 0.08% | +9.11% |
Volatility
XME vs. IBIC - Volatility Comparison
SPDR S&P Metals & Mining ETF (XME) has a higher volatility of 13.87% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that XME'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
| XME | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | 0.16% | +13.71% |
Volatility (6M)Calculated over the trailing 6-month period | 28.09% | 0.67% | +27.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.21% | 0.89% | +35.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.72% | 1.57% | +31.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.93% | 1.57% | +31.36% |
XME vs. IBIC - Expense Ratio Comparison
XME has a 0.35% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
XME vs. IBIC - Dividend Comparison
XME's dividend yield for the trailing twelve months is around 0.40%, less than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XME SPDR S&P Metals & Mining ETF | 0.40% | 0.38% | 0.65% | 1.00% | 1.64% | 0.70% | 0.99% | 2.43% | 2.23% | 1.15% | 1.02% | 2.61% |
Frequently Asked Questions
XME and IBIC have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XME has higher volatility (13.87%) compared to IBIC (0.16%). In terms of maximum drawdown, XME dropped -85.89% vs IBIC's -0.90%.
On 1-year performance, XME leads with 76.71% vs 4.38% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XME has performed better with a 76.71% return vs 4.38%. 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 0.35% for XME.
IBIC has the higher dividend yield at 3.59%, compared with 0.40% for XME.
XME is categorized as Materials, while IBIC is Inflation-Protected Bonds. XME tracks S&P Metals & Mining Select Industry Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for XME and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 vs 2.13), 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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