- Issuer
- iShares
- Inception Date
- May 22, 2024
- Category
- Inflation-Protected Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iBonds Oct 2034 Term TIPS Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $85M
Share Price Chart
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Performance
IBIK Performance Chart
iShares iBonds Oct 2034 Term TIPS ETF (IBIK) is up 0.6% since the beginning of the year. IBIK is currently trading at $26 per share.
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Returns By Period
iShares iBonds Oct 2034 Term TIPS ETF (IBIK) has returned 0.59% so far this year and 4.26% over the past 12 months.
iShares iBonds Oct 2034 Term TIPS ETF
- 1D
- -0.46%
- 1M
- -0.23%
- YTD
- 0.59%
- 6M
- 0.77%
- 1Y
- 4.26%
- 3Y*
- —
- 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%
IBIK Monthly Returns History
Based on dividend-adjusted daily data since May 24, 2024, IBIK's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.
Historically, 73% of months were positive and 27% were negative. The best month was Feb 2025 with a return of +2.9%, while the worst month was Oct 2024 at -2.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 2 months.
On a daily basis, IBIK closed higher 51% of trading days. The best single day was Jan 15, 2025 with a return of +0.9%, while the worst single day was Apr 10, 2025 at -1.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.43% | 1.63% | -1.60% | 1.33% | 0.02% | -1.17% | 0.59% | ||||||
| 2025 | 1.41% | 2.89% | 0.77% | -0.10% | -0.59% | 1.41% | 0.09% | 2.04% | 0.38% | 0.43% | 0.50% | -0.73% | 8.78% |
| 2024 | 0.34% | 1.14% | 2.31% | 0.73% | 1.72% | -2.84% | 0.72% | -2.38% | 1.63% |
Benchmark Metrics
iShares iBonds Oct 2034 Term TIPS ETF has an annualized alpha of 4.51%, beta of 0.05, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since May 24, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (22.81%) than losses (21.19%) - typical of diversified or defensive assets.
- Beta of 0.05 may look defensive, but with R2 of 0.02 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 0.02 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
- 4.51%
- Beta
- 0.05
- R²
- 0.02
- Upside Capture
- 22.81%
- Downside Capture
- 21.19%
Expense Ratio
IBIK has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
IBIK ranks 31 for risk / return — below 31% 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 Oct 2034 Term TIPS ETF (IBIK) 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.
| IBIK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.78 | -1.08 |
| Martin ratioReturn relative to average drawdown | 5.66 | 12.44 | -6.78 |
Dividends
Dividend History
iShares iBonds Oct 2034 Term TIPS ETF provided a 3.77% dividend yield over the last twelve months, with an annual payout of $0.97 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.97 | $1.14 | $0.66 |
Dividend yield | 3.77% | 4.43% | 2.67% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds Oct 2034 Term TIPS 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 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.30 | $0.00 | $0.32 | $1.14 |
| 2024 | $0.16 | $0.00 | $0.00 | $0.20 | $0.00 | $0.30 | $0.66 |
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 Oct 2034 Term TIPS 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 Oct 2034 Term TIPS ETF was 5.59%, occurring on Jan 14, 2025. Recovery took 55 trading sessions.
The current iShares iBonds Oct 2034 Term TIPS ETF drawdown is 1.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -5.59%Jan 2025 | 3mo 29d | 2mo 19d | 6mo 18dSep 2024 - Apr 2025 |
2025 selloff2025 | -3.65%Apr 2025 | 7d | 2mo 20d | 2mo 27dApr 2025 - Jun 2025 |
2026 pullback2026 | -2.50%Mar 2026 | 25d | 1mo 12d | 2mo 7dMar 2026 - May 2026 |
2026 pullback2026 | -1.49%Jun 2026 | 1mo 12d | — | 1mo 13dMay 2026 - now |
2026 pullback2026 | -1.37%Jan 2026 | 2mo 29d | 21d | 3mo 20dOct 2025 - Feb 2026 |
Drawdown Indicators
| IBIK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.59% | -56.78% | +51.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -9.10% | +6.60% |
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 | -1.49% | -1.80% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -10.71% | +9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 2.03% | -1.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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