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iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US46435U4325
CUSIP
46435U432
Issuer
iShares
Inception Date
Nov 13, 2018
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
S&P AMT-Free Municipal Series Dec 2025 Index
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in iShares iBonds Dec 2025 Term Muni Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) has returned 0.00% so far this year and 1.62% over the past 12 months.


iShares iBonds Dec 2025 Term Muni Bond ETF

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.38%
1Y
1.62%
3Y*
2.01%
5Y*
0.57%
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 15, 2018, IBMN's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, your investment would double in approximately 30.4 years.

Historically, 67% of months were positive and 33% were negative. The best month was May 2020 with a return of +3.6%, while the worst month was Jan 2022 at -2.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.

On a daily basis, IBMN closed higher 49% of trading days. The best single day was Mar 25, 2020 with a return of +3.8%, while the worst single day was Mar 19, 2020 at -5.5%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.00%0.00%0.00%
20250.32%0.32%0.22%0.06%0.33%0.20%0.22%0.19%0.22%0.42%0.01%-0.05%2.49%
2024-0.13%0.10%0.04%-0.08%0.30%0.39%0.63%0.41%0.13%-0.01%0.38%0.15%2.33%
20231.18%-1.69%1.74%-0.59%-0.66%0.61%0.04%0.03%-0.62%0.27%1.49%0.65%2.42%
2022-2.19%-0.43%-1.64%-1.34%1.44%-0.01%1.16%-1.76%-1.80%-0.24%2.50%-0.09%-4.43%
20210.18%-1.28%0.41%0.33%0.08%0.00%0.58%-0.18%-0.39%-0.20%0.03%0.04%-0.41%

Benchmark Metrics

iShares iBonds Dec 2025 Term Muni Bond ETF has an annualized alpha of 1.84%, beta of 0.04, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since November 16, 2018.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (8.01%) than losses (5.31%) — typical of diversified or defensive assets.
  • Beta of 0.04 may look defensive, but with R² of 0.04 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 0.04 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
1.84%
Beta
0.04
0.04
Upside Capture
8.01%
Downside Capture
5.31%

Expense Ratio

IBMN has an expense ratio of 0.18%, which is considered low.


Return for Risk

Risk / Return Rank

IBMN ranks 77 for risk / return — better than 77% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


IBMN Risk / Return Rank: 7777
Overall Rank
IBMN Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IBMN Sortino Ratio Rank: 6060
Sortino Ratio Rank
IBMN Omega Ratio Rank: 9191
Omega Ratio Rank
IBMN Calmar Ratio Rank: 7777
Calmar Ratio Rank
IBMN Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) and compare them to a chosen benchmark (S&P 500 Index).


IBMNBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.06

0.90

+0.16

Sortino ratio

Return per unit of downside risk

1.59

1.39

+0.21

Omega ratio

Gain probability vs. loss probability

1.40

1.21

+0.19

Calmar ratio

Return relative to maximum drawdown

2.14

1.40

+0.74

Martin ratio

Return relative to average drawdown

22.84

6.61

+16.23

Explore IBMN risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

iShares iBonds Dec 2025 Term Muni Bond ETF provided a 1.68% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 4 consecutive years.


0.50%1.00%1.50%2.00%$0.00$0.10$0.20$0.30$0.40$0.5020182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018
Dividend$0.45$0.54$0.54$0.46$0.26$0.20$0.31$0.45$0.06

Dividend yield

1.68%2.03%2.03%1.72%0.97%0.70%1.11%1.65%0.23%

Monthly Dividends

The table displays the monthly dividend distributions for iShares iBonds Dec 2025 Term Muni Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00
2025$0.00$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.06$0.54
2024$0.00$0.04$0.05$0.04$0.04$0.05$0.05$0.04$0.05$0.05$0.05$0.09$0.54
2023$0.00$0.03$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.09$0.46
2022$0.00$0.01$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.03$0.03$0.06$0.26
2021$0.00$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.02$0.01$0.03$0.20

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 2025 Term Muni Bond 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 2025 Term Muni Bond ETF was 12.40%, occurring on Mar 20, 2020. Recovery took 47 trading sessions.

The current iShares iBonds Dec 2025 Term Muni Bond ETF drawdown is 0.05%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-12.4%Mar 10, 20209Mar 20, 202047May 28, 202056
-7.36%Aug 6, 2021312Oct 31, 2022581Feb 26, 2025893
-2.07%Aug 16, 201922Sep 17, 201980Jan 10, 2020102
-1.4%Feb 12, 20219Feb 25, 2021106Jul 28, 2021115
-1.1%Mar 24, 202522Apr 23, 20255Apr 30, 202527

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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