- ISIN
- US46436E1486
- CUSIP
- 46436E148
- Issuer
- iShares
- Inception Date
- Jun 27, 2023
- Region
- North America (U.S.)
- Category
- Intermediate Core Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE 2033 Maturity US Treasury Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $469M
Share Price Chart
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Performance
IBTO Performance Chart
iShares iBonds Dec 2033 Term Treasury ETF (IBTO) is down 0.6% since the beginning of the year. IBTO is currently trading at $24 per share.
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Returns By Period
iShares iBonds Dec 2033 Term Treasury ETF (IBTO) has returned -0.64% so far this year and 3.25% over the past 12 months.
iShares iBonds Dec 2033 Term Treasury ETF
- 1D
- -0.29%
- 1M
- 0.37%
- YTD
- -0.64%
- 6M
- -0.60%
- 1Y
- 3.25%
- 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%
IBTO Monthly Returns History
Based on dividend-adjusted daily data since Jun 29, 2023, IBTO's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Sep 2023 at -3.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IBTO closed higher 50% of trading days. The best single day was Aug 2, 2024 with a return of +1.5%, while the worst single day was Apr 10, 2024 at -1.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.18% | 2.30% | -2.09% | -0.24% | -0.04% | -0.34% | -0.64% | ||||||
| 2025 | 0.63% | 2.79% | 0.47% | 1.13% | -1.21% | 1.60% | -0.61% | 1.70% | 0.53% | 0.68% | 0.95% | -0.66% | 8.23% |
| 2024 | -0.08% | -2.18% | 0.70% | -3.25% | 1.89% | 1.30% | 2.82% | 1.46% | 1.32% | -3.30% | 1.01% | -2.31% | -0.87% |
| 2023 | 0.21% | -0.77% | -0.81% | -3.35% | -2.13% | 4.63% | 4.20% | 1.71% |
Benchmark Metrics
iShares iBonds Dec 2033 Term Treasury ETF has an annualized alpha of 2.25%, beta of 0.04, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since June 29, 2023.
- This ETF participated in 40.01% of S&P 500 Index downside but only 19.53% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.04 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
- 2.25%
- Beta
- 0.04
- R²
- 0.01
- Upside Capture
- 19.53%
- Downside Capture
- 40.01%
Expense Ratio
IBTO has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
IBTO ranks 20 for risk / return — below 20% 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 2033 Term Treasury ETF (IBTO) 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.
| IBTO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.37 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.78 | -1.89 |
| Martin ratioReturn relative to average drawdown | 2.36 | 12.44 | -10.08 |
Dividends
Dividend History
iShares iBonds Dec 2033 Term Treasury ETF provided a 4.15% dividend yield over the last twelve months, with an annual payout of $1.00 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.00 | $0.99 | $1.00 | $0.41 |
Dividend yield | 4.15% | 4.05% | 4.23% | 1.66% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds Dec 2033 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 | $0.08 | $0.08 | $0.08 | $0.08 | $0.41 | ||||||
| 2025 | $0.00 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.17 | $0.99 |
| 2024 | $0.00 | $0.08 | $0.07 | $0.09 | $0.08 | $0.09 | $0.08 | $0.09 | $0.09 | $0.08 | $0.08 | $0.17 | $1.00 |
| 2023 | $0.09 | $0.03 | $0.06 | $0.07 | $0.16 | $0.41 |
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 2033 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 2033 Term Treasury ETF was 8.36%, occurring on Oct 19, 2023. Recovery took 39 trading sessions.
The current iShares iBonds Dec 2033 Term Treasury ETF drawdown is 2.69%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -8.36%Oct 2023 | 3mo 1d | 1mo 26d | 4mo 27dJul 2023 - Dec 2023 |
2025 pullback2025 | -6.91%Jan 2025 | 3mo 28d | 6mo 20d | 10mo 18dSep 2024 - Aug 2025 |
2024 pullback2024 | -5.50%Apr 2024 | 3mo 29d | 3mo 7d | 7mo 6dDec 2023 - Jul 2024 |
2026 pullback2026 | -3.66%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2023 pullback2023 | -1.86%Jul 2023 | 4d | 6d | 10dJul 2023 - Jul 2023 |
Drawdown Indicators
| IBTO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.36% | -56.78% | +48.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | -9.10% | +5.44% |
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 | -2.69% | -1.80% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -10.71% | +8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.03% | -0.65% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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