GRAB vs. IBTI

Last updated Jun 5, 2026

GRAB (Grab Holdings Limited) is a stock, while IBTI (iShares iBonds Dec 2028 Term Treasury ETF) is Government Bonds fund tracking the ICE 2028 Maturity US Treasury Index. Over the past 5 years, GRAB returned -21.19%/yr vs 0.20%/yr for IBTI. At a 0.01 correlation, their price movements are largely independent.

Performance

GRAB vs. IBTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grab Holdings Limited (GRAB) and iShares iBonds Dec 2028 Term Treasury ETF (IBTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRAB achieves a -30.66% return, which is significantly lower than IBTI's 0.40% return.

GRAB

• 1D: 1.47%
• 1M: -5.98%
• YTD: -30.66%
• 6M: -34.72%
• 1Y: -31.08%
• 3Y*: 3.62%
• 5Y*: -21.19%
• 10Y*: —

IBTI

• 1D: 0.09%
• 1M: 0.09%
• YTD: 0.40%
• 6M: 0.70%
• 1Y: 3.38%
• 3Y*: 3.75%
• 5Y*: 0.20%
• 10Y*: —

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

GRAB vs. IBTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GRAB Grab Holdings Limited	-30.66%	5.72%	40.06%	4.66%	-54.84%	-44.56%	8.16%
IBTI iShares iBonds Dec 2028 Term Treasury ETF	0.40%	6.15%	2.52%	4.65%	-11.32%	-3.50%	0.33%

Correlation

The correlation between GRAB and IBTI is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since Dec 2, 2020	0.01

Return for Risk

GRAB vs. IBTI — Risk / Return Rank

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

GRAB

GRAB Risk / Return Rank: 13
GRAB Sharpe Ratio Rank: 9
GRAB Sortino Ratio Rank: 10
GRAB Omega Ratio Rank: 13
GRAB Calmar Ratio Rank: 18
GRAB Martin Ratio Rank: 16

IBTI

IBTI Risk / Return Rank: 64
IBTI Sharpe Ratio Rank: 59
IBTI Sortino Ratio Rank: 71
IBTI Omega Ratio Rank: 66
IBTI Calmar Ratio Rank: 63
IBTI Martin Ratio Rank: 60

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.

GRAB vs. IBTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grab Holdings Limited (GRAB) and iShares iBonds Dec 2028 Term Treasury ETF (IBTI). 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.

	GRAB	IBTI	Difference
Sharpe ratio: Return per unit of total volatility	-0.82	1.96	-2.77
Sortino ratio: Return per unit of downside risk	-1.09	3.18	-4.27
Omega ratio: Gain probability vs. loss probability	0.88	1.39	-0.51
Calmar ratio: Return relative to maximum drawdown	-0.66	3.09	-3.75
Martin ratio: Return relative to average drawdown	-1.18	10.49	-11.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRAB vs. IBTI - Sharpe Ratio Comparison

The current GRAB Sharpe Ratio is -0.82, which is lower than the IBTI Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of GRAB and IBTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GRAB	IBTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.82	1.96	-2.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	0.04	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	0.04	-0.38

Drawdowns

GRAB vs. IBTI - Drawdown Comparison

The maximum GRAB drawdown since its inception was -86.46%, which is greater than IBTI's maximum drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for GRAB and IBTI.

Drawdown Indicators

	GRAB	IBTI	Difference
Max Drawdown Largest peak-to-trough decline	-86.46%	-18.45%	-68.01%
Max Drawdown (1Y) Largest decline over 1 year	-47.13%	-1.10%	-46.03%
Max Drawdown (3Y) Largest decline over 3 years	-47.13%	-3.24%	-43.89%
Max Drawdown (5Y) Largest decline over 5 years	-86.46%	-16.18%	-70.28%
Current Drawdown Current decline from peak	-79.72%	-3.82%	-75.90%
Average Drawdown Average peak-to-trough decline	-67.33%	-8.25%	-59.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.37%	0.33%	+26.04%

Volatility

GRAB vs. IBTI - Volatility Comparison

Grab Holdings Limited (GRAB) has a higher volatility of 8.59% compared to iShares iBonds Dec 2028 Term Treasury ETF (IBTI) at 0.38%. This indicates that GRAB's price experiences larger fluctuations and is considered to be riskier than IBTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRAB	IBTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.59%	0.38%	+8.21%
Volatility (6M) Calculated over the trailing 6-month period	24.21%	1.06%	+23.15%
Volatility (1Y) Calculated over the trailing 1-year period	38.25%	1.76%	+36.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.87%	5.01%	+54.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.56%	5.17%	+55.39%

Dividends

GRAB vs. IBTI - Dividend Comparison

GRAB has not paid dividends to shareholders, while IBTI's dividend yield for the trailing twelve months is around 3.81%.

Position	TTM	2025	2024	2023	2022	2021	2020
GRAB Grab Holdings Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBTI iShares iBonds Dec 2028 Term Treasury ETF	3.81%	3.87%	3.92%	3.27%	1.70%	0.90%	0.56%

Frequently Asked Questions

Can I hold both GRAB and IBTI in my portfolio?

GRAB and IBTI have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRAB or IBTI?

GRAB has higher volatility (8.59%) compared to IBTI (0.38%). In terms of maximum drawdown, GRAB dropped -86.46% vs IBTI's -18.45%.

Which has better risk-adjusted returns?

IBTI currently has the higher Sharpe Ratio (1.96 vs -0.82), 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.