YSEP vs. IBID

Last updated Jun 24, 2026

YSEP (FT Cboe Vest International Equity Buffer ETF - September) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - YSEP is a Options Trading fund actively managed by FT Vest, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. YSEP is actively managed, while IBID is passively managed. Over the past year, YSEP returned 14.37% vs 3.92% for IBID. At a 0.10 correlation, their price movements are largely independent. YSEP charges 0.90%/yr vs 0.10%/yr for IBID.

Performance

YSEP vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest International Equity Buffer ETF - September (YSEP) 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, YSEP achieves a 5.21% return, which is significantly higher than IBID's 1.94% return.

YSEP

• 1D: -0.89%
• 1M: 0.47%
• YTD: 5.21%
• 6M: 5.06%
• 1Y: 14.37%
• 3Y*: 11.79%
• 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)

YSEP vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YSEP FT Cboe Vest International Equity Buffer ETF - September	5.21%	19.88%	4.63%	4.70%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.94%	5.66%	4.71%	2.61%

Correlation

The correlation between YSEP and IBID is -0.09, 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	-0.09
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.10

The correlation between YSEP and IBID shifts across timeframes, from -0.09 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

YSEP vs. IBID — Risk / Return Rank

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

YSEP

YSEP Risk / Return Rank: 59
YSEP Sharpe Ratio Rank: 57
YSEP Sortino Ratio Rank: 59
YSEP Omega Ratio Rank: 58
YSEP Calmar Ratio Rank: 59
YSEP Martin Ratio Rank: 64

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.

YSEP vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest International Equity Buffer ETF - September (YSEP) 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.

	YSEP	IBID	Difference
Sharpe ratio: Return per unit of total volatility	1.75	3.19	-1.44
Sortino ratio: Return per unit of downside risk	2.56	5.38	-2.82
Omega ratio: Gain probability vs. loss probability	1.33	1.72	-0.39
Calmar ratio: Return relative to maximum drawdown	2.66	7.20	-4.55
Martin ratio: Return relative to average drawdown	10.59	29.14	-18.55

YSEP vs. IBID - Sharpe Ratio Comparison

The current YSEP Sharpe Ratio is 1.75, which is lower than the IBID Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of YSEP 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

YSEP vs. IBID - Drawdown Comparison

The maximum YSEP drawdown since its inception was -22.58%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for YSEP and IBID.

Drawdown Indicators

	YSEP	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-22.58%	-1.28%	-21.30%
Max Drawdown (1Y) Largest decline over 1 year	-5.43%	-0.55%	-4.88%
Max Drawdown (3Y) Largest decline over 3 years	-8.75%	—	—
Current Drawdown Current decline from peak	-0.89%	-0.55%	-0.34%
Average Drawdown Average peak-to-trough decline	-4.10%	-0.22%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	0.13%	+1.23%

Volatility

YSEP vs. IBID - Volatility Comparison

FT Cboe Vest International Equity Buffer ETF - September (YSEP) has a higher volatility of 2.36% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that YSEP'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

	YSEP	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	0.35%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	6.45%	0.86%	+5.59%
Volatility (1Y) Calculated over the trailing 1-year period	8.24%	1.23%	+7.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	2.24%	+9.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	2.24%	+9.15%

YSEP vs. IBID - Expense Ratio Comparison

YSEP has a 0.90% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

YSEP vs. IBID - Dividend Comparison

YSEP has not paid dividends to shareholders, while IBID's dividend yield for the trailing twelve months is around 3.68%.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%
YSEP FT Cboe Vest International Equity Buffer ETF - September	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YSEP and IBID in my portfolio?

YSEP and IBID have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YSEP or IBID?

YSEP has higher volatility (2.36%) compared to IBID (0.35%). In terms of maximum drawdown, YSEP dropped -22.58% vs IBID's -1.28%.

Which ETF is better, YSEP or IBID?

On 1-year performance, YSEP leads with 14.37% vs 3.92% for IBID. 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, YSEP or IBID?

Over the 1-year period, YSEP has performed better with a 14.37% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YSEP or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.90% for YSEP.

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

IBID has the higher dividend yield at 3.68%, compared with 0.00% for YSEP.

What is the main difference between YSEP and IBID?

YSEP is categorized as Options Trading, while IBID is Inflation-Protected Bonds. They also come from different issuers: FT Vest and iShares. Their fees differ too: 0.90% for YSEP and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.19 vs 1.75), 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.