- ISIN
- US46438G6382
- CUSIP
- 46438G638
- Issuer
- iShares
- Inception Date
- Jun 11, 2024
- Region
- North America (U.S.)
- Category
- Intermediate Core Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE 2044 Maturity US Treasury Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $101M
Share Price Chart
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Performance
IBGA Performance Chart
iShares iBonds Dec 2044 Term Treasury ETF (IBGA) is up 0.5% since the beginning of the year. IBGA is currently trading at $24 per share.
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Returns By Period
iShares iBonds Dec 2044 Term Treasury ETF (IBGA) has returned 0.45% so far this year and 4.16% over the past 12 months.
iShares iBonds Dec 2044 Term Treasury ETF
- 1D
- 0.16%
- 1M
- 1.86%
- YTD
- 0.45%
- 6M
- 0.38%
- 1Y
- 4.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
IBGA Monthly Returns History
Based on dividend-adjusted daily data since Jun 12, 2024, IBGA's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 60% of months were positive and 40% were negative. The best month was Feb 2025 with a return of +4.6%, while the worst month was Oct 2024 at -5.0%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IBGA closed higher 51% of trading days. The best single day was Aug 2, 2024 with a return of +2.4%, while the worst single day was Apr 7, 2025 at -2.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.16% | 3.71% | -3.65% | -0.86% | 0.56% | 0.68% | 0.45% | ||||||
| 2025 | 0.68% | 4.60% | -0.58% | -0.52% | -2.89% | 2.50% | -0.84% | 0.64% | 2.58% | 1.24% | 0.51% | -1.77% | 6.09% |
| 2024 | -1.21% | 3.17% | 1.93% | 2.12% | -5.01% | 1.88% | -4.73% | -2.18% |
Benchmark Metrics
iShares iBonds Dec 2044 Term Treasury ETF has an annualized alpha of 1.74%, beta of 0.05, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since June 12, 2024.
- This ETF participated in 40.85% of S&P 500 Index downside but only 19.53% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.01 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 0.01 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
- 1.74%
- Beta
- 0.05
- R²
- 0.01
- Upside Capture
- 19.53%
- Downside Capture
- 40.85%
Expense Ratio
IBGA has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
IBGA ranks 16 for risk / return — in the bottom 16% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) 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.
| IBGA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.32 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 2.46 | -1.82 |
| Martin ratioReturn relative to average drawdown | 1.64 | 10.92 | -9.28 |
Dividends
Dividend History
iShares iBonds Dec 2044 Term Treasury ETF provided a 4.62% dividend yield over the last twelve months, with an annual payout of $1.13 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.13 | $1.11 | $0.49 |
Dividend yield | 4.62% | 4.49% | 2.03% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds Dec 2044 Term Treasury 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 | $0.10 | $0.09 | $0.09 | $0.47 | ||||||
| 2025 | $0.00 | $0.09 | $0.08 | $0.09 | $0.09 | $0.10 | $0.09 | $0.10 | $0.09 | $0.09 | $0.10 | $0.19 | $1.11 |
| 2024 | $0.06 | $0.09 | $0.09 | $0.09 | $0.17 | $0.49 |
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 2044 Term Treasury 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 2044 Term Treasury ETF was 11.69%, occurring on Jan 14, 2025. The portfolio has not yet recovered.
The current iShares iBonds Dec 2044 Term Treasury ETF drawdown is 3.88%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 correction2025 | -11.69%Jan 2025 | 3mo 29d | — | 1y 9moSep 2024 - now |
2024 pullback2024 | -3.64%Jul 2024 | 5d | 15d | 20dJun 2024 - Jul 2024 |
2024 pullback2024 | -2.83%Aug 2024 | 2d | 13d | 15dAug 2024 - Aug 2024 |
2024 pullback2024 | -2.03%Jul 2024 | 6d | 7d | 13dJul 2024 - Jul 2024 |
2024 pullback2024 | -1.77%Aug 2024 | 8d | 5d | 13dAug 2024 - Sep 2024 |
Drawdown Indicators
| IBGA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -56.78% | +45.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -9.10% | +2.50% |
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 | -3.88% | -3.21% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -10.71% | +5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.04% | +0.50% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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