IBCA vs. VTG

Last updated Jun 4, 2026

IBCA (iShares iBonds Dec 2035 Term Corporate ETF) and VTG (Vanguard Total Treasury ETF) are both Intermediate Core Bond funds - IBCA tracks the ICE 2035 Maturity US Corporate Index while VTG tracks the Bloomberg U.S. Treasury Total Return Unhedged USD Index. Both are passively managed. Their correlation of 0.89 suggests significant overlap in exposure. IBCA charges 0.10%/yr vs 0.03%/yr for VTG.

Performance

IBCA vs. VTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2035 Term Corporate ETF (IBCA) and Vanguard Total Treasury ETF (VTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBCA achieves a 0.20% return, which is significantly higher than VTG's -0.11% return.

IBCA

• 1D: -0.27%
• 1M: 0.37%
• YTD: 0.20%
• 6M: 0.04%
• 1Y: 6.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTG

• 1D: -0.17%
• 1M: 0.11%
• YTD: -0.11%
• 6M: -0.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBCA vs. VTG - Yearly Performance Comparison

	2026 (YTD)	2025
IBCA iShares iBonds Dec 2035 Term Corporate ETF	0.20%	4.36%
VTG Vanguard Total Treasury ETF	-0.11%	2.88%

Correlation

The correlation between IBCA and VTG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.89

Return for Risk

IBCA vs. VTG — Risk / Return Rank

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

IBCA

IBCA Risk / Return Rank: 39
IBCA Sharpe Ratio Rank: 38
IBCA Sortino Ratio Rank: 39
IBCA Omega Ratio Rank: 36
IBCA Calmar Ratio Rank: 43
IBCA Martin Ratio Rank: 42

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.

IBCA vs. VTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2035 Term Corporate ETF (IBCA) and Vanguard Total Treasury ETF (VTG). 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.

	IBCA	VTG	Difference
Sharpe ratio: Return per unit of total volatility	1.33	—	—
Sortino ratio: Return per unit of downside risk	1.97	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.07	—	—
Martin ratio: Return relative to average drawdown	6.57	—	—
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

	IBCA	VTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.88	+0.20

Drawdowns

IBCA vs. VTG - Drawdown Comparison

The maximum IBCA drawdown since its inception was -3.48%, which is greater than VTG's maximum drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for IBCA and VTG.

Drawdown Indicators

	IBCA	VTG	Difference
Max Drawdown Largest peak-to-trough decline	-3.48%	-2.89%	-0.59%
Max Drawdown (1Y) Largest decline over 1 year	-3.19%	—	—
Current Drawdown Current decline from peak	-1.42%	-1.89%	+0.47%
Average Drawdown Average peak-to-trough decline	-0.81%	-0.73%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	—	—

Volatility

Volatility by Period

	IBCA	VTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.96%	3.51%	+1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.76%	3.51%	+2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.76%	3.51%	+2.25%

IBCA vs. VTG - Expense Ratio Comparison

IBCA has a 0.10% expense ratio, which is higher than VTG's 0.03% 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

IBCA vs. VTG - Dividend Comparison

IBCA's dividend yield for the trailing twelve months is around 4.67%, more than VTG's 3.21% yield.

Position	TTM	2025
IBCA iShares iBonds Dec 2035 Term Corporate ETF	4.67%	3.19%
VTG Vanguard Total Treasury ETF	3.21%	1.65%

Frequently Asked Questions

Can I hold both IBCA and VTG in my portfolio?

IBCA and VTG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBCA or VTG?

On fees, VTG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBCA or VTG?

VTG is cheaper with a 0.03% expense ratio, compared with 0.10% for IBCA.

Which ETF pays a higher dividend yield, IBCA or VTG?

IBCA has the higher dividend yield at 4.67%, compared with 3.21% for VTG.

What is the main difference between IBCA and VTG?

IBCA tracks ICE 2035 Maturity US Corporate Index, while VTG tracks Bloomberg U.S. Treasury Total Return Unhedged USD Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.10% for IBCA and 0.03% for VTG.