- ISIN
- US46434VAX82
- CUSIP
- 46434VAX8
- Issuer
- iShares
- Inception Date
- Mar 12, 2015
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg December 2023 Maturity Corporate Index
- Distribution Policy
- Accumulating
- Asset Class
- Bond
- Assets Under Management
- $2B
Share Price Chart
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Performance
IBDO Performance Chart
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Returns By Period
iShares iBonds Dec 2023 Term Corporate ETF
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IBDO Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.44% | 0.28% | 0.38% | 0.39% | 0.53% | 0.35% | 0.46% | 0.47% | 0.41% | 0.45% | 0.47% | 0.20% | 4.93% |
| 2022 | -0.39% | -0.30% | -0.57% | -0.39% | 0.57% | -0.54% | 0.33% | -0.05% | -0.38% | 0.09% | 0.58% | 0.38% | -0.68% |
| 2021 | -0.17% | 0.04% | -0.03% | 0.12% | 0.19% | -0.10% | 0.05% | 0.07% | 0.03% | -0.32% | -0.10% | -0.06% | -0.29% |
Benchmark Metrics
iShares iBonds Dec 2023 Term Corporate ETF has an annualized alpha of 2.93%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 12, 2015.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (9.89%) than losses (1.21%) - typical of diversified or defensive assets.
- Beta of 0.01 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.93%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 9.89%
- Downside Capture
- 1.21%
Expense Ratio
IBDO has an expense ratio of 0.10%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and compare them to S&P 500 Index.
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.
| IBDO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
iShares iBonds Dec 2023 Term Corporate ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.46 | $0.52 | $0.65 | $0.77 | $0.75 | $0.74 | $0.74 | $0.58 |
Dividend yield | 0.00% | 1.85% | 2.04% | 2.47% | 3.01% | 3.10% | 2.96% | 3.01% | 2.39% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds Dec 2023 Term Corporate ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.06 | $0.06 | $0.07 | $0.07 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.11 | $0.11 | $0.91 |
| 2022 | $0.00 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.46 |
| 2021 | $0.00 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.13 | $0.52 |
| 2020 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.09 | $0.65 |
| 2019 | $0.00 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.12 | $0.77 |
| 2018 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.12 | $0.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares iBonds Dec 2023 Term Corporate ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares iBonds Dec 2023 Term Corporate ETF was 14.57%, occurring on Mar 19, 2020. Recovery took 47 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -14.57%Mar 2020 | 14d | 2mo 9d | 2mo 23dMar 2020 - May 2020 |
2016 pullback2016 | -4.65%Dec 2016 | 2mo 17d | 5mo 11d | 7mo 28dSep 2016 - May 2017 |
2015 pullback2015 | -3.88%Jul 2015 | 3mo 5d | 8mo | 11mo 5dApr 2015 - Mar 2016 |
2018 pullback2018 | -3.36%May 2018 | 8mo 10d | 8mo 19d | 1y 4moSep 2017 - Jan 2019 |
Bear market2022 | -2.47%Jun 2022 | 8mo 27d | 9mo 25d | 1y 6moSep 2021 - Apr 2023 |
Drawdown Indicators
| IBDO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -1.80% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.71% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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