- ISIN
- US46436E4860
- CUSIP
- 46436E486
- Issuer
- iShares
- Inception Date
- Jun 22, 2021
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg December 2031 Maturity Corporate Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Share Price Chart
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Performance
IBDW Performance Chart
iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is up 0.2% since the beginning of the year. IBDW is currently trading at $21 per share.
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Returns By Period
iShares iBonds Dec 2031 Term Corporate ETF (IBDW) has returned 0.24% so far this year and 5.50% over the past 12 months.
iShares iBonds Dec 2031 Term Corporate ETF
- 1D
- -0.05%
- 1M
- 0.21%
- YTD
- 0.24%
- 6M
- 0.36%
- 1Y
- 5.50%
- 3Y*
- 5.91%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
IBDW Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 2021, IBDW's average daily return is 0.00%, while the average monthly return is +0.07%. At this rate, an investment would double in approximately 82.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +6.3%, while the worst month was Apr 2022 at -6.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IBDW closed higher 49% of trading days. The best single day was Nov 10, 2022 with a return of +3.0%, while the worst single day was Jun 13, 2022 at -2.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.33% | 0.95% | -1.55% | 0.50% | 0.20% | -0.18% | 0.24% | ||||||
| 2025 | 0.74% | 1.89% | 0.16% | 0.80% | 0.17% | 1.67% | -0.17% | 1.60% | 0.63% | 0.30% | 0.82% | 0.13% | 9.07% |
| 2024 | -0.29% | -1.54% | 1.30% | -2.37% | 1.99% | 0.72% | 2.55% | 1.67% | 1.56% | -2.35% | 1.24% | -1.40% | 2.96% |
| 2023 | 4.60% | -3.48% | 3.48% | 0.68% | -1.53% | 0.19% | 0.20% | -0.50% | -2.93% | -1.78% | 6.25% | 4.40% | 9.40% |
| 2022 | -3.16% | -1.77% | -3.42% | -6.14% | 1.07% | -2.94% | 4.30% | -4.09% | -5.37% | -0.59% | 5.60% | -1.40% | -17.13% |
| 2021 | 0.63% | 1.58% | -0.29% | -1.66% | -0.07% | -0.13% | 0.35% | 0.36% |
Benchmark Metrics
iShares iBonds Dec 2031 Term Corporate ETF has an annualized alpha of -0.92%, beta of 0.13, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since June 25, 2021.
- This ETF participated in 52.14% of S&P 500 Index downside but only 24.91% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.09 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 0.09 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
- -0.92%
- Beta
- 0.13
- R²
- 0.09
- Upside Capture
- 24.91%
- Downside Capture
- 52.14%
Expense Ratio
IBDW has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
IBDW ranks 45 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Corporate ETF (IBDW) and compare them to S&P 500 Index.
| IBDW | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 2.24 | -0.69 |
Sortino ratioReturn per unit of downside risk | 2.36 | 3.07 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.41 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.93 | -0.67 |
Martin ratioReturn relative to average drawdown | 7.65 | 13.52 | -5.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares iBonds Dec 2031 Term Corporate ETF provided a 4.79% dividend yield over the last twelve months, with an annual payout of $1.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.00 | $1.01 | $1.02 | $0.94 | $0.74 | $0.27 |
Dividend yield | 4.79% | 4.78% | 5.00% | 4.50% | 3.70% | 1.10% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds Dec 2031 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 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.41 | ||||||
| 2025 | $0.00 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.17 | $1.01 |
| 2024 | $0.00 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.08 | $0.08 | $0.17 | $1.02 |
| 2023 | $0.00 | $0.06 | $0.07 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.17 | $0.94 |
| 2022 | $0.00 | $0.05 | $0.05 | $0.05 | $0.03 | $0.06 | $0.07 | $0.06 | $0.07 | $0.06 | $0.09 | $0.15 | $0.74 |
| 2021 | $0.05 | $0.05 | $0.05 | $0.04 | $0.09 | $0.27 |
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 2031 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 2031 Term Corporate ETF was 23.87%, occurring on Oct 20, 2022. Recovery took 825 trading sessions.
The current iShares iBonds Dec 2031 Term Corporate ETF drawdown is 1.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -23.87%Oct 2022 | 1y 2mo | 3y 3mo | 4y 6moAug 2021 - Feb 2026 |
2026 pullback2026 | -2.42%Mar 2026 | 24d | — | 3mo 4dMar 2026 - now |
2021 pullback2021 | -0.79%Jul 2021 | 4d | 6d | 10dJul 2021 - Jul 2021 |
2021 pullback2021 | -0.59%Jul 2021 | 1d | 7d | 8dJul 2021 - Jul 2021 |
2026 pullback2026 | -0.23%Feb 2026 | 1d | 2d | 3dFeb 2026 - Feb 2026 |
Drawdown Indicators
| IBDW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.87% | -56.78% | +32.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -9.10% | +6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -6.61% | -18.90% | +12.29% |
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 | -1.03% | -0.74% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -10.72% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.97% | -1.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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