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BYLD vs. IMTB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BYLD vs. IMTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Yield Optimized Bond ETF (BYLD) and iShares Core 5-10 Year USD Bond ETF (IMTB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BYLD achieves a 1.41% return, which is significantly higher than IMTB's 0.28% return.


BYLD

1D
0.08%
1M
0.49%
YTD
1.41%
6M
1.62%
1Y
7.32%
3Y*
6.56%
5Y*
2.32%
10Y*
3.03%

IMTB

1D
0.08%
1M
0.01%
YTD
0.28%
6M
0.54%
1Y
6.33%
3Y*
4.86%
5Y*
0.61%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

BYLD vs. IMTB - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
BYLD
iShares Yield Optimized Bond ETF
1.41%8.41%4.17%8.30%-10.33%-1.25%4.25%12.79%-1.50%4.75%
IMTB
iShares Core 5-10 Year USD Bond ETF
0.28%8.88%1.94%6.10%-12.75%-1.41%6.25%8.62%-0.45%4.88%

Correlation

The correlation between BYLD and IMTB is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2016

0.70

The correlation between BYLD and IMTB shifts across timeframes, from 0.70 (all time) to 0.83 (3 years), reflecting how their relationship changes across market environments.

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Return for Risk

BYLD vs. IMTB — Risk / Return Rank

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

BYLD
BYLD Risk / Return Rank: 5757
Overall Rank
BYLD Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
BYLD Sortino Ratio Rank: 6161
Sortino Ratio Rank
BYLD Omega Ratio Rank: 5959
Omega Ratio Rank
BYLD Calmar Ratio Rank: 5252
Calmar Ratio Rank
BYLD Martin Ratio Rank: 6060
Martin Ratio Rank

IMTB
IMTB Risk / Return Rank: 4444
Overall Rank
IMTB Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
IMTB Sortino Ratio Rank: 4848
Sortino Ratio Rank
IMTB Omega Ratio Rank: 4444
Omega Ratio Rank
IMTB Calmar Ratio Rank: 4343
Calmar Ratio Rank
IMTB Martin Ratio Rank: 4141
Martin Ratio Rank
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.

BYLD vs. IMTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Yield Optimized Bond ETF (BYLD) and iShares Core 5-10 Year USD Bond ETF (IMTB). 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.


BYLDIMTBDifference

Sharpe ratio

Return per unit of total volatility

1.93

1.58

+0.35

Sortino ratio

Return per unit of downside risk

2.88

2.40

+0.48

Omega ratio

Gain probability vs. loss probability

1.36

1.28

+0.08

Calmar ratio

Return relative to maximum drawdown

2.64

2.14

+0.50

Martin ratio

Return relative to average drawdown

10.73

6.69

+4.04

BYLD vs. IMTB - Sharpe Ratio Comparison

The current BYLD Sharpe Ratio is 1.93, which is comparable to the IMTB Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of BYLD and IMTB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


BYLDIMTBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.93

1.58

+0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.10

+0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.37

+0.20

Drawdowns

BYLD vs. IMTB - Drawdown Comparison

The maximum BYLD drawdown since its inception was -14.75%, smaller than the maximum IMTB drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for BYLD and IMTB.


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Drawdown Indicators


BYLDIMTBDifference

Max Drawdown

Largest peak-to-trough decline

-14.75%

-18.15%

+3.40%

Max Drawdown (1Y)

Largest decline over 1 year

-2.71%

-2.86%

+0.15%

Max Drawdown (3Y)

Largest decline over 3 years

-3.94%

-6.80%

+2.86%

Max Drawdown (5Y)

Largest decline over 5 years

-14.65%

-18.11%

+3.46%

Max Drawdown (10Y)

Largest decline over 10 years

-14.75%

Current Drawdown

Current decline from peak

-0.16%

-1.44%

+1.28%

Average Drawdown

Average peak-to-trough decline

-2.51%

-4.13%

+1.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.67%

0.91%

-0.24%

Volatility

BYLD vs. IMTB - Volatility Comparison

iShares Yield Optimized Bond ETF (BYLD) and iShares Core 5-10 Year USD Bond ETF (IMTB) have volatilities of 1.44% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BYLDIMTBDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.44%

1.43%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

2.96%

3.02%

-0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

3.82%

4.04%

-0.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.20%

6.28%

-1.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.43%

5.18%

+0.25%

BYLD vs. IMTB - Expense Ratio Comparison

BYLD has a 0.17% expense ratio, which is higher than IMTB's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Dividends

BYLD vs. IMTB - Dividend Comparison

BYLD's dividend yield for the trailing twelve months is around 5.80%, more than IMTB's 4.51% yield.


PositionTTM20252024202320222021202020192018201720162015
BYLD
iShares Yield Optimized Bond ETF
5.35%5.32%5.31%4.45%3.39%2.18%3.41%3.67%4.22%3.22%3.14%3.37%
IMTB
iShares Core 5-10 Year USD Bond ETF
4.51%4.40%4.42%4.13%2.90%2.49%2.63%2.91%3.04%2.75%0.40%0.00%

Frequently Asked Questions


BYLD and IMTB have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BYLD has higher volatility (1.44%) compared to IMTB (1.43%). In terms of maximum drawdown, BYLD dropped -14.75% vs IMTB's -18.15%.

On 5-year performance, BYLD leads with 2.32% vs 0.61% for IMTB. On fees, IMTB is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, BYLD has performed better with a 2.32% return vs 0.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IMTB is cheaper with a 0.06% expense ratio, compared with 0.17% for BYLD.

BYLD has the higher dividend yield at 5.80%, compared with 4.51% for IMTB.

BYLD tracks Morningstar U.S. Bond Market Yield-Optimized Index, while IMTB tracks Bloomberg U.S. Universal 5-10 Years Index. Their fees differ too: 0.17% for BYLD and 0.06% for IMTB.

BYLD currently has the higher Sharpe Ratio (1.93 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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