- Issuer
- iShares
- Inception Date
- Sep 18, 2018
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg December 2028 Maturity Corporate Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $4B
Highlights
- Avg. Volume (1M)
- 667K
- Avg. Volume Value (1M)
- $16.78M
Share Price Chart
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Performance
IBDT Performance Chart
iShares iBonds Dec 2028 Term Corporate ETF (IBDT) is up 1.2% since the beginning of the year. IBDT is currently trading at $25 per share. Investors who bought $1,000 worth of IBDT shares 5 years ago would now be looking at an investment worth $1,055.
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Returns By Period
iShares iBonds Dec 2028 Term Corporate ETF (IBDT) has returned 1.18% so far this year and 3.43% over the past 12 months.
iShares iBonds Dec 2028 Term Corporate ETF
- 1D
- -0.06%
- 1M
- 0.02%
- 6M
- 0.85%
- YTD
- 1.18%
- 1Y
- 3.43%
- 3Y*
- 5.62%
- 5Y*
- 1.07%
- 10Y*
- —
- ALL TIME*
- 3.89%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
IBDT Monthly Returns History
Based on dividend-adjusted daily data since Sep 20, 2018, IBDT's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +5.6%, while the worst month was Mar 2020 at -8.0%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IBDT closed higher 51% of trading days. The best single day was Mar 23, 2020 with a return of +4.8%, while the worst single day was Mar 18, 2020 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.33% | 0.41% | -0.50% | 0.29% | 0.33% | 0.17% | 0.14% | 1.18% | |||||
| 2025 | 0.64% | 1.14% | 0.42% | 0.78% | 0.19% | 0.82% | 0.11% | 1.01% | 0.41% | 0.30% | 0.56% | 0.42% | 7.02% |
| 2024 | 0.12% | -0.94% | 0.85% | -1.32% | 1.38% | 0.60% | 1.85% | 1.31% | 1.06% | -1.27% | 0.79% | -0.46% | 3.97% |
| 2023 | 3.25% | -2.48% | 2.63% | 0.56% | -0.95% | -0.39% | 0.80% | -0.22% | -1.45% | -0.65% | 3.71% | 2.86% | 7.72% |
| 2022 | -2.31% | -1.32% | -3.02% | -3.59% | 1.09% | -2.15% | 3.08% | -2.81% | -4.07% | -0.13% | 3.90% | -0.38% | -11.42% |
| 2021 | -0.85% | -1.56% | -1.39% | 1.13% | 0.35% | 1.18% | 1.10% | -0.28% | -1.09% | -0.26% | -0.40% | 0.20% | -1.90% |
Benchmark Metrics
iShares iBonds Dec 2028 Term Corporate ETF has an annualized alpha of 2.97%, beta of 0.08, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since September 20, 2018.
- This ETF participated in 20.93% of S&P 500 Index downside but only 18.99% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.08 may look defensive, but with R2 of 0.06 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 0.06 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
- 2.97%
- Beta
- 0.08
- R²
- 0.06
- Upside Capture
- 18.99%
- Downside Capture
- 20.93%
Expense Ratio
IBDT has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
IBDT ranks 93 for risk / return — above 93% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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.
| IBDT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.25 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.00 | +1.85 |
| Martin ratioReturn relative to average drawdown | 17.60 | 8.49 | +9.11 |
Dividends
Dividend History
iShares iBonds Dec 2028 Term Corporate ETF provided a 4.14% dividend yield over the last twelve months, with an annual payout of $1.04 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.04 | $1.16 | $1.16 | $1.03 | $0.79 | $0.69 | $0.83 | $0.92 | $0.37 |
Dividend yield | 4.14% | 4.56% | 4.67% | 4.10% | 3.25% | 2.45% | 2.80% | 3.32% | 1.47% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds Dec 2028 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.56 | |||||
| 2025 | $0.00 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.10 | $0.10 | $0.20 | $1.16 |
| 2024 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.16 |
| 2023 | $0.00 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.19 | $1.03 |
| 2022 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.16 | $0.79 |
| 2021 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.11 | $0.69 |
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 2028 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 2028 Term Corporate ETF was 17.79%, occurring on Mar 20, 2020. Recovery took 59 trading sessions.
The current iShares iBonds Dec 2028 Term Corporate ETF drawdown is 0.06%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-17.79%Mar 2020 | 11d | 2mo 27d | 3mo 8dMar 2020 - Jun 2020 | COVID crash2020 |
-17.68%Oct 2022 | 1y 2mo | 2y 6mo | 3y 9moAug 2021 - Apr 2025 | Bear market2022 |
-4.41%Mar 2021 | 2mo 18d | 4mo 16d | 7mo 4dDec 2020 - Aug 2021 | — |
-2.61%Sep 2019 | 8d | 2mo 21d | 2mo 29dSep 2019 - Dec 2019 | — |
-1.82%Nov 2018 | 1mo 18d | 1mo 8d | 2mo 26dOct 2018 - Dec 2018 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| IBDT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -56.78% | +38.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -9.10% | +8.07% |
Max Drawdown (3Y)Largest decline over 3 years | -2.94% | -18.90% | +15.96% |
Max Drawdown (5Y)Largest decline over 5 years | -17.61% | -25.43% | +7.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.06% | -1.58% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -10.70% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 2.14% | -1.92% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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