BNDD vs. IBTE

Last updated Apr 1, 2026

Compare and contrast key facts about Quadratic Deflation ETF (BNDD) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE).

BNDD and IBTE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BNDD is an actively managed fund by Quadratic. It was launched on Sep 16, 2021. IBTE is a passively managed fund by iShares that tracks the performance of the ICE 2024 Maturity US Treasury Index. It was launched on Feb 25, 2020.

Performance

BNDD vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quadratic Deflation ETF (BNDD) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

BNDD vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
BNDD Quadratic Deflation ETF	3.85%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Returns By Period

BNDD

• 1D: -0.66%
• 1M: 0.24%
• YTD: 3.22%
• 6M: -0.19%
• 1Y: -5.11%
• 3Y*: -4.63%
• 5Y*: —
• 10Y*: —

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNDD vs. IBTE - Expense Ratio Comparison

BNDD has a 1.04% expense ratio, which is higher than IBTE's 0.07% expense ratio.

BNDD

Quadratic Deflation ETF

IBTE

iShares iBonds Dec 2024 Term Treasury ETF

Return for Risk

BNDD vs. IBTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNDD

BNDD Risk / Return Rank: 5
BNDD Sharpe Ratio Rank: 5
BNDD Sortino Ratio Rank: 4
BNDD Omega Ratio Rank: 4
BNDD Calmar Ratio Rank: 6
BNDD Martin Ratio Rank: 7

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.

BNDD vs. IBTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quadratic Deflation ETF (BNDD) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BNDD	IBTE	Difference
Sharpe ratio Return per unit of total volatility	-0.41	—	—
Sortino ratio Return per unit of downside risk	-0.48	—	—
Omega ratio Gain probability vs. loss probability	0.94	—	—
Calmar ratio Return relative to maximum drawdown	-0.37	—	—
Martin ratio Return relative to average drawdown	-0.56	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BNDD	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	—	—

Dividends

BNDD vs. IBTE - Dividend Comparison

BNDD's dividend yield for the trailing twelve months is around 3.64%, while IBTE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
BNDD Quadratic Deflation ETF	3.64%	3.82%	3.85%	4.30%	43.17%	1.04%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BNDD vs. IBTE - Drawdown Comparison

The maximum BNDD drawdown since its inception was -30.87%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BNDD and IBTE.

Drawdown Indicators

	BNDD	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-30.87%	0.00%	-30.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	—	—
Current Drawdown Current decline from peak	-27.28%	0.00%	-27.28%
Average Drawdown Average peak-to-trough decline	-19.03%	0.00%	-19.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.26%	—	—

Volatility

Volatility by Period

	BNDD	IBTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	0.00%	+12.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.55%	0.00%	+13.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.55%	0.00%	+13.55%