- ISIN
- US46436E3128
- CUSIP
- 46436E312
- Issuer
- iShares
- Inception Date
- Jun 28, 2022
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg December 2032 Maturity Corporate Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 225K
- Avg. Volume Value (1M)
- $5.62M
Share Price Chart
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Performance
IBDX Performance Chart
iShares iBonds Dec 2032 Term Corporate ETF (IBDX) is down 0.3% since the beginning of the year. IBDX is currently trading at $25 per share.
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Returns By Period
iShares iBonds Dec 2032 Term Corporate ETF (IBDX) has returned -0.28% so far this year and 2.44% over the past 12 months.
iShares iBonds Dec 2032 Term Corporate ETF
- 1D
- -0.16%
- 1M
- -0.92%
- 6M
- -0.59%
- YTD
- -0.28%
- 1Y
- 2.44%
- 3Y*
- 5.66%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.45%
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%
IBDX Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 2022, IBDX's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +6.7%, while the worst month was Sep 2022 at -5.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IBDX closed higher 50% of trading days. The best single day was Nov 10, 2022 with a return of +3.2%, while the worst single day was Sep 26, 2022 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | 1.29% | -1.83% | 0.48% | 0.24% | 0.16% | -0.92% | -0.28% | |||||
| 2025 | 0.45% | 2.04% | 0.01% | 0.38% | 0.42% | 1.64% | 0.23% | 1.32% | 1.00% | 0.28% | 0.94% | -0.01% | 9.05% |
| 2024 | -0.44% | -1.67% | 1.28% | -2.50% | 2.08% | 0.72% | 2.56% | 1.73% | 1.59% | -2.51% | 1.44% | -1.72% | 2.39% |
| 2023 | 4.71% | -3.97% | 3.85% | 0.56% | -1.29% | 0.07% | 0.36% | -0.81% | -3.01% | -2.06% | 6.68% | 4.58% | 9.42% |
| 2022 | -0.12% | 4.71% | -4.53% | -5.65% | -0.59% | 5.84% | -1.05% | -1.92% |
Benchmark Metrics
iShares iBonds Dec 2032 Term Corporate ETF has an annualized alpha of 1.69%, beta of 0.17, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since June 30, 2022.
- This ETF participated in 53.28% of S&P 500 Index downside but only 31.21% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.17 may look defensive, but with R2 of 0.13 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 0.13 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
- 1.69%
- Beta
- 0.17
- R²
- 0.13
- Upside Capture
- 31.21%
- Downside Capture
- 53.28%
Expense Ratio
IBDX has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
IBDX ranks 34 for risk / return — above 34% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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.
| IBDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 2.00 | -0.81 |
| Martin ratioReturn relative to average drawdown | 3.23 | 8.49 | -5.26 |
Dividends
Dividend History
iShares iBonds Dec 2032 Term Corporate ETF provided a 4.44% dividend yield over the last twelve months, with an annual payout of $1.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.10 | $1.23 | $1.23 | $1.16 | $0.58 |
Dividend yield | 4.44% | 4.81% | 5.02% | 4.59% | 2.39% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds Dec 2032 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 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.60 | |||||
| 2025 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.23 |
| 2024 | $0.00 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.21 | $1.23 |
| 2023 | $0.00 | $0.09 | $0.09 | $0.10 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.20 | $1.16 |
| 2022 | $0.08 | $0.11 | $0.11 | $0.10 | $0.19 | $0.58 |
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 2032 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 2032 Term Corporate ETF was 12.51%, occurring on Oct 20, 2022. Recovery took 288 trading sessions.
The current iShares iBonds Dec 2032 Term Corporate ETF drawdown is 1.86%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-12.51%Oct 2022 | 2mo 19d | 1y 1mo | 1y 4moAug 2022 - Dec 2023 | Bear market2022 |
-4.73%Jan 2025 | 3mo 28d | 4mo 22d | 8mo 20dSep 2024 - Jun 2025 | — |
-4.10%Apr 2024 | 3mo 20d | 2mo 23d | 6mo 13dDec 2023 - Jul 2024 | — |
-2.76%Mar 2026 | 24d | — | 5mo 3dMar 2026 - now | — |
-1.11%Aug 2024 | 3d | 5d | 8dAug 2024 - Aug 2024 | — |
Drawdown Indicators
| IBDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.51% | -56.78% | +44.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -9.10% | +6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.84% | -18.90% | +13.06% |
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 | -1.86% | -1.58% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -10.70% | +8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.14% | -1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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