- ISIN
- US4642886612
- CUSIP
- 464288661
- Issuer
- iShares
- Inception Date
- Jan 11, 2007
- Region
- North America (U.S.)
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE U.S. Treasury 3-7 Year Bond Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $18B
Share Price Chart
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Performance
IEI Performance Chart
iShares 3-7 Year Treasury Bond ETF (IEI) is down 0.6% since the beginning of the year. IEI is currently trading at $117 per share. Investors who bought $1,000 worth of IEI shares 5 years ago would now be looking at an investment worth $1,014.
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Returns By Period
iShares 3-7 Year Treasury Bond ETF (IEI) has returned -0.55% so far this year and 2.63% over the past 12 months. Over the last ten years, IEI has returned 1.18% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares 3-7 Year Treasury Bond ETF
- 1D
- -0.23%
- 1M
- 0.13%
- YTD
- -0.55%
- 6M
- -0.46%
- 1Y
- 2.63%
- 3Y*
- 3.62%
- 5Y*
- 0.28%
- 10Y*
- 1.18%
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%
IEI Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2007, IEI'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, 57% of months were positive and 43% were negative. The best month was Nov 2008 with a return of +3.9%, while the worst month was Mar 2022 at -3.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IEI closed higher 51% of trading days. The best single day was Mar 18, 2009 with a return of +1.8%, while the worst single day was Sep 19, 2008 at -1.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.00% | 1.46% | -1.49% | -0.01% | -0.11% | -0.38% | -0.55% | ||||||
| 2025 | 0.50% | 1.72% | 0.55% | 1.36% | -0.73% | 1.07% | -0.37% | 1.47% | 0.14% | 0.49% | 0.73% | -0.16% | 6.96% |
| 2024 | 0.31% | -1.38% | 0.43% | -1.74% | 1.31% | 0.94% | 2.17% | 1.16% | 1.02% | -2.12% | 0.59% | -0.80% | 1.81% |
| 2023 | 2.10% | -2.24% | 2.92% | 0.62% | -0.93% | -1.20% | 0.07% | -0.03% | -1.28% | -0.56% | 2.70% | 2.32% | 4.42% |
| 2022 | -1.43% | -0.46% | -3.20% | -1.97% | 0.72% | -0.73% | 1.71% | -2.66% | -2.94% | -0.51% | 2.24% | -0.56% | -9.51% |
| 2021 | -0.28% | -1.10% | -0.84% | 0.48% | 0.34% | -0.14% | 0.98% | -0.26% | -0.82% | -0.80% | 0.29% | -0.40% | -2.54% |
Benchmark Metrics
iShares 3-7 Year Treasury Bond ETF has an annualized alpha of 3.61%, beta of -0.06, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since January 11, 2007.
- This ETF captured 4.42% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -10.76%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.06 may look defensive, but with R2 of 0.09 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 0.09 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
- 3.61%
- Beta
- -0.06
- R²
- 0.09
- Upside Capture
- 4.42%
- Downside Capture
- -10.76%
Expense Ratio
IEI has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
IEI ranks 23 for risk / return — below 23% 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 3-7 Year Treasury Bond ETF (IEI) 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.
| IEI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 2.78 | -1.73 |
| Martin ratioReturn relative to average drawdown | 2.85 | 12.44 | -9.59 |
Dividends
Dividend History
iShares 3-7 Year Treasury Bond ETF provided a 3.65% dividend yield over the last twelve months, with an annual payout of $4.26 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.26 | $4.15 | $3.67 | $2.76 | $1.58 | $0.94 | $1.49 | $2.53 | $2.37 | $1.84 | $1.63 | $1.70 |
Dividend yield | 3.65% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares 3-7 Year Treasury 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 | $0.37 | $0.33 | $0.36 | $0.36 | $0.37 | $1.79 | ||||||
| 2025 | $0.00 | $0.33 | $0.30 | $0.34 | $0.34 | $0.36 | $0.34 | $0.35 | $0.35 | $0.35 | $0.37 | $0.72 | $4.15 |
| 2024 | $0.00 | $0.29 | $0.27 | $0.31 | $0.30 | $0.30 | $0.30 | $0.32 | $0.32 | $0.31 | $0.32 | $0.64 | $3.67 |
| 2023 | $0.00 | $0.18 | $0.19 | $0.20 | $0.20 | $0.22 | $0.22 | $0.23 | $0.23 | $0.24 | $0.27 | $0.57 | $2.76 |
| 2022 | $0.00 | $0.08 | $0.08 | $0.10 | $0.09 | $0.10 | $0.12 | $0.14 | $0.15 | $0.16 | $0.17 | $0.37 | $1.58 |
| 2021 | $0.00 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.08 | $0.07 | $0.08 | $0.16 | $0.94 |
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 3-7 Year Treasury 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 3-7 Year Treasury Bond ETF was 14.60%, occurring on Oct 20, 2022. Recovery took 777 trading sessions.
The current iShares 3-7 Year Treasury Bond ETF drawdown is 1.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -14.60%Oct 2022 | 2y 2mo | 3y 1mo | 5y 3moAug 2020 - Nov 2025 |
Financial crisis2007–2009 | -5.97%Jun 2009 | 5mo 23d | 11mo 1d | 1y 4moDec 2008 - May 2010 |
Financial crisis2007–2009 | -5.25%Jun 2008 | 3mo | 3mo 1d | 6mo 1dMar 2008 - Sep 2008 |
2011 pullback2011 | -4.92%Feb 2011 | 3mo 5d | 4mo | 7mo 5dNov 2010 - Jun 2011 |
2018 pullback2018 | -4.49%May 2018 | 1y 10mo | 10mo 3d | 2y 8moJul 2016 - Mar 2019 |
Drawdown Indicators
| IEI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -56.78% | +42.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -9.10% | +6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -18.90% | +15.24% |
Max Drawdown (5Y)Largest decline over 5 years | -13.88% | -25.43% | +11.55% |
Max Drawdown (10Y)Largest decline over 10 years | -14.60% | -33.92% | +19.32% |
Current DrawdownCurrent decline from peak | -1.98% | -1.80% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -10.71% | +8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.03% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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