- ISIN
- US46436E1635
- CUSIP
- 46436E163
- Issuer
- iShares
- Inception Date
- May 9, 2023
- Region
- North America (U.S.)
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P AMT-Free Municipal Series Callable-Adjusted 2029 Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $451M
Share Price Chart
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Performance
IBMR Performance Chart
iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) is up 0.7% since the beginning of the year. IBMR is currently trading at $25 per share.
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Returns By Period
iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) has returned 0.71% so far this year and 4.07% over the past 12 months.
iShares iBonds Dec 2029 Term Muni Bond ETF
- 1D
- 0.10%
- 1M
- 0.27%
- YTD
- 0.71%
- 6M
- 1.17%
- 1Y
- 4.07%
- 3Y*
- 3.48%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
IBMR Monthly Returns History
Based on dividend-adjusted daily data since May 11, 2023, IBMR's average daily return is +0.01%, while the average monthly return is +0.23%. At this rate, an investment would double in approximately 25.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2023 with a return of +5.3%, while the worst month was Sep 2023 at -2.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IBMR closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +0.8%, while the worst single day was Apr 7, 2025 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.77% | 0.57% | -1.22% | 0.37% | 0.13% | 0.11% | 0.71% | ||||||
| 2025 | 0.56% | 0.96% | -0.85% | -0.25% | 0.64% | 1.02% | 0.62% | 0.85% | 0.37% | -0.13% | 0.17% | 0.42% | 4.45% |
| 2024 | -0.43% | 0.02% | -0.55% | -1.28% | -0.69% | 1.08% | 1.11% | 1.17% | 0.88% | -1.34% | 0.83% | -0.68% | 0.06% |
| 2023 | -1.67% | 0.69% | 0.31% | -1.09% | -2.50% | -0.17% | 5.25% | 2.83% | 3.46% |
Benchmark Metrics
iShares iBonds Dec 2029 Term Muni Bond ETF has an annualized alpha of 2.27%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since May 12, 2023.
- This ETF participated in 27.16% of S&P 500 Index downside but only 14.50% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 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
- 2.27%
- Beta
- 0.03
- R²
- 0.02
- Upside Capture
- 14.50%
- Downside Capture
- 27.16%
Expense Ratio
IBMR has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
IBMR ranks 64 for risk / return — better than 64% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Muni Bond ETF (IBMR) and compare them to S&P 500 Index.
| IBMR | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.33 | 2.39 | -0.05 |
Sortino ratioReturn per unit of downside risk | 3.44 | 3.25 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.43 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.63 | 3.11 | -0.48 |
Martin ratioReturn relative to average drawdown | 7.01 | 14.38 | -7.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares iBonds Dec 2029 Term Muni Bond ETF provided a 2.55% dividend yield over the last twelve months, with an annual payout of $0.65 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.65 | $0.65 | $0.63 | $0.33 |
Dividend yield | 2.55% | 2.55% | 2.53% | 1.27% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds Dec 2029 Term Muni Bond 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 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.26 | ||||||
| 2025 | $0.00 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.11 | $0.65 |
| 2024 | $0.00 | $0.06 | $0.06 | $0.04 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.63 |
| 2023 | $0.06 | $0.04 | $0.05 | $0.05 | $0.05 | $0.08 | $0.33 |
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 2029 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 2029 Term Muni Bond ETF was 4.83%, occurring on Oct 6, 2023. Recovery took 37 trading sessions.
The current iShares iBonds Dec 2029 Term Muni Bond ETF drawdown is 0.68%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -4.83%Oct 2023 | 4mo 27d | 1mo 24d | 6mo 21dMay 2023 - Nov 2023 |
2024 pullback2024 | -3.25%May 2024 | 5mo 3d | 2mo 9d | 7mo 12dDec 2023 - Aug 2024 |
2025 selloff2025 | -2.44%Apr 2025 | 1mo 10d | 2mo 19d | 3mo 29dFeb 2025 - Jun 2025 |
2024 pullback2024 | -2.11%Nov 2024 | 1mo 4d | 3mo 22d | 4mo 26dOct 2024 - Feb 2025 |
2026 pullback2026 | -1.55%Mar 2026 | 27d | — | 3mo 8dFeb 2026 - now |
Drawdown Indicators
| IBMR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.83% | -56.78% | +51.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -9.10% | +7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -4.72% | -18.90% | +14.18% |
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 | -0.68% | 0.00% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -1.02% | -10.72% | +9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.97% | -1.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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