- ISIN
- US46436E1304
- CUSIP
- 46436E130
- Issuer
- iShares
- Inception Date
- Jun 21, 2023
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg December 2033 Maturity Corporate Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Share Price Chart
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Performance
IBDY Performance Chart
iShares iBonds Dec 2033 Term Corporate ETF (IBDY) is up 0.1% since the beginning of the year. IBDY is currently trading at $26 per share.
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Returns By Period
iShares iBonds Dec 2033 Term Corporate ETF (IBDY) has returned 0.12% so far this year and 5.22% over the past 12 months.
iShares iBonds Dec 2033 Term Corporate ETF
- 1D
- -0.18%
- 1M
- 0.36%
- YTD
- 0.12%
- 6M
- 0.31%
- 1Y
- 5.22%
- 3Y*
- 5.73%
- 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%
IBDY Monthly Returns History
Based on dividend-adjusted daily data since Jun 23, 2023, IBDY's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +6.9%, while the worst month was Sep 2023 at -3.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IBDY closed higher 53% of trading days. The best single day was Nov 14, 2023 with a return of +1.6%, while the worst single day was Apr 7, 2025 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.15% | 1.40% | -1.85% | 0.37% | 0.36% | -0.28% | 0.12% | ||||||
| 2025 | 0.58% | 2.11% | 0.00% | 0.14% | 0.54% | 1.93% | 0.08% | 1.11% | 1.29% | 0.29% | 1.02% | -0.03% | 9.41% |
| 2024 | -0.31% | -1.75% | 1.45% | -2.76% | 2.10% | 0.86% | 2.61% | 1.66% | 1.68% | -2.87% | 1.55% | -2.01% | 2.02% |
| 2023 | -0.20% | 0.12% | -0.78% | -3.16% | -1.91% | 6.87% | 4.42% | 5.10% |
Benchmark Metrics
iShares iBonds Dec 2033 Term Corporate ETF has an annualized alpha of 2.97%, beta of 0.14, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since June 23, 2023.
- This ETF participated in 41.22% of S&P 500 Index downside but only 28.37% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.11 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 0.11 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
- 0.14
- R²
- 0.11
- Upside Capture
- 28.37%
- Downside Capture
- 41.22%
Expense Ratio
IBDY has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
IBDY ranks 37 for risk / return — below 37% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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.
| IBDY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.78 | -0.94 |
| Martin ratioReturn relative to average drawdown | 5.62 | 12.44 | -6.82 |
Dividends
Dividend History
iShares iBonds Dec 2033 Term Corporate ETF provided a 4.89% dividend yield over the last twelve months, with an annual payout of $1.25 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.25 | $1.27 | $1.26 | $0.57 |
Dividend yield | 4.89% | 4.87% | 5.02% | 2.20% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds Dec 2033 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 | $0.11 | $0.10 | $0.10 | $0.52 | ||||||
| 2025 | $0.00 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.11 | $0.21 | $1.27 |
| 2024 | $0.00 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.10 | $0.11 | $0.22 | $1.26 |
| 2023 | $0.10 | $0.10 | $0.07 | $0.09 | $0.20 | $0.57 |
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 2033 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 2033 Term Corporate ETF was 7.53%, occurring on Oct 19, 2023. Recovery took 28 trading sessions.
The current iShares iBonds Dec 2033 Term Corporate ETF drawdown is 1.41%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -7.53%Oct 2023 | 3mo 7d | 1mo 11d | 4mo 18dJul 2023 - Nov 2023 |
2025 pullback2025 | -5.09%Jan 2025 | 3mo 27d | 5mo | 8mo 27dSep 2024 - Jun 2025 |
2024 pullback2024 | -4.51%Apr 2024 | 3mo 20d | 2mo 26d | 6mo 16dDec 2023 - Jul 2024 |
2026 pullback2026 | -2.84%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2023 pullback2023 | -2.07%Jul 2023 | 13d | 7d | 20dJun 2023 - Jul 2023 |
Drawdown Indicators
| IBDY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.53% | -56.78% | +49.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -9.10% | +6.26% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -18.90% | +11.37% |
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 | -1.41% | -1.80% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -10.71% | +9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 2.03% | -1.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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