- Issuer
- iShares
- Inception Date
- Jul 13, 2021
- Region
- North America (U.S.)
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE 2031 Maturity US Treasury Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $562M
Share Price Chart
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Performance
IBTL Performance Chart
iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is down 0.3% since the beginning of the year. IBTL is currently trading at $20 per share.
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Returns By Period
iShares iBonds Dec 2031 Term Treasury ETF (IBTL) has returned -0.32% so far this year and 3.80% over the past 12 months.
iShares iBonds Dec 2031 Term Treasury ETF
- 1D
- 0.01%
- 1M
- -0.30%
- YTD
- -0.32%
- 6M
- -0.35%
- 1Y
- 3.80%
- 3Y*
- 2.88%
- 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%
IBTL Monthly Returns History
Based on dividend-adjusted daily data since Aug 30, 2021, IBTL's average daily return is 0.00%, while the average monthly return is -0.10%.
Historically, 49% of months were positive and 51% were negative. The best month was Nov 2023 with a return of +4.3%, while the worst month was Sep 2022 at -4.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IBTL closed higher 46% of trading days. The best single day was Sep 28, 2022 with a return of +2.3%, while the worst single day was Jan 5, 2022 at -1.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.01% | 1.69% | -1.66% | -0.04% | -0.16% | -0.11% | -0.32% | ||||||
| 2025 | 0.45% | 2.32% | 0.56% | 1.41% | -0.98% | 1.44% | -0.49% | 1.64% | 0.22% | 0.54% | 0.87% | -0.33% | 7.85% |
| 2024 | 0.22% | -2.12% | 0.69% | -2.84% | 1.75% | 1.21% | 2.65% | 1.28% | 1.31% | -3.01% | 0.87% | -1.47% | 0.36% |
| 2023 | 3.52% | -3.31% | 3.64% | 0.95% | -1.47% | -1.27% | -0.68% | -0.54% | -3.03% | -1.78% | 4.30% | 3.65% | 3.60% |
| 2022 | -2.44% | -0.37% | -4.14% | -4.49% | 0.78% | -1.01% | 3.24% | -4.08% | -4.65% | -1.59% | 3.73% | -1.36% | -15.60% |
| 2021 | 0.04% | -1.99% | -0.27% | 0.76% | 0.11% | -1.37% |
Benchmark Metrics
iShares iBonds Dec 2031 Term Treasury ETF has an annualized alpha of -1.64%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since August 31, 2021.
- This ETF participated in 42.72% of S&P 500 Index downside but only 14.88% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 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
- -1.64%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 14.88%
- Downside Capture
- 42.72%
Expense Ratio
IBTL has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
IBTL ranks 28 for risk / return — below 28% 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 2031 Term Treasury ETF (IBTL) and compare them to S&P 500 Index.
| IBTL | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 2.39 | -1.33 |
Sortino ratioReturn per unit of downside risk | 1.61 | 3.25 | -1.64 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.43 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 3.11 | -1.77 |
Martin ratioReturn relative to average drawdown | 3.96 | 14.38 | -10.42 |
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 2031 Term Treasury ETF provided a 3.97% dividend yield over the last twelve months, with an annual payout of $0.80 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.81 | $0.81 | $0.63 | $0.48 | $0.17 |
Dividend yield | 3.97% | 3.93% | 4.07% | 3.04% | 2.36% | 0.70% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds Dec 2031 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 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.33 | ||||||
| 2025 | $0.00 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.13 | $0.81 |
| 2024 | $0.00 | $0.07 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.14 | $0.81 |
| 2023 | $0.00 | $0.03 | $0.05 | $0.06 | $0.03 | $0.06 | $0.06 | $0.05 | $0.06 | $0.04 | $0.06 | $0.13 | $0.63 |
| 2022 | $0.00 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.02 | $0.05 | $0.05 | $0.10 | $0.09 | $0.48 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.09 | $0.17 |
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 2031 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 2031 Term Treasury ETF was 20.93%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current iShares iBonds Dec 2031 Term Treasury ETF drawdown is 7.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -20.93%Oct 2023 | 2y 1mo | — | 4y 8moSep 2021 - now |
Drawdown Indicators
| IBTL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.93% | -56.78% | +35.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -9.10% | +6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -7.38% | -18.90% | +11.52% |
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 | -7.11% | 0.00% | -7.11% |
Average DrawdownAverage peak-to-trough decline | -11.47% | -10.72% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.97% | -1.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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