IBIC vs SPY
iShares iBonds Oct 2026 Term TIPS ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IBIC or SPY?
Short Term Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IBIC | SPY |
|---|---|---|
| Expense Ratio | 0.10% | 0.09%Best |
| AUM | $74M | $777.9B |
| Dividend Yield | 4.59% | 1.00% |
| Holdings | 3 | 1,011 |
| Volatility (annualized) | 1.0%Best | 12.3% |
| Max Drawdown | -0.9%Best | -18.8% |
| $10,000 over 3.1 years | $11,691 | $18,107Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Short Term Bond | Large Cap Blend |
| Inception | Sep 13, 2023 | Jan 22, 1993 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 27 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IBIC has data through Oct 15, 2026 and SPY through Nov 11, 2026.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 15, 2023 to Oct 15, 2026 (3.1 years).
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.3% compared with 1.0% for IBIC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.9% for IBIC and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.12. They move largely independently of each other.
Fees and Cost Over Time
IBIC charges 0.10% per year while SPY charges 0.09%. On a $10,000 position that is $10 vs $9 annually, a gap of $1 per year that compounds over a long holding period. On income, IBIC currently yields 4.59% against 1.00% for SPY.
Holdings Overlap
We hold position weights for 2 holdings in IBIC and 504 in SPY, totalling 98.8% and 100.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in IBIC and 504 in SPY, against full books of 3 and 1,011.
You are not choosing between two funds in isolation.
Whichever of IBIC and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IBIC or SPY?
IBIC has an expense ratio of 0.10% while SPY charges 0.09%. SPY is the cheaper option, by $1 a year on a $10,000 investment.
Which is riskier, IBIC or SPY?
SPY has been the more volatile fund at 12.3% annualized versus 1.0% for IBIC. Worst drawdown: IBIC -0.9% vs SPY -18.8%.
Should I hold both IBIC and SPY?
IBIC and SPY have a monthly-return correlation of 0.12, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IBIC or SPY?
IBIC yields 4.59% while SPY yields 1.00%, so IBIC currently pays the higher dividend yield.
Is SPY better than IBIC?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.