IBDO vs. IBDS

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and iShares iBonds Dec 2027 Term Corporate ETF (IBDS).

IBDO and IBDS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDO is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2023 Maturity Corporate Index. It was launched on Mar 12, 2015. IBDS is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays December 2027 Maturity Corporate Index. It was launched on Sep 14, 2017. Both IBDO and IBDS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBDO vs. IBDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and iShares iBonds Dec 2027 Term Corporate ETF (IBDS). The values are adjusted to include any dividend payments, if applicable.

IBDO vs. IBDS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBDO iShares iBonds Dec 2023 Term Corporate ETF	0.00%	0.00%	0.00%	4.93%	-0.68%	-0.29%	5.37%	8.94%	-0.49%	-0.09%
IBDS iShares iBonds Dec 2027 Term Corporate ETF	0.53%	5.86%	4.61%	6.44%	-9.52%	-1.56%	8.95%	15.08%	-2.76%	1.14%

Returns By Period

IBDO

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

IBDS

• 1D: 0.17%
• 1M: -0.10%
• YTD: 0.53%
• 6M: 1.76%
• 1Y: 4.69%
• 3Y*: 4.94%
• 5Y*: 1.60%
• 10Y*: —

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

IBDO vs. IBDS - Expense Ratio Comparison

Both IBDO and IBDS have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

IBDO

iShares iBonds Dec 2023 Term Corporate ETF

IBDS

iShares iBonds Dec 2027 Term Corporate ETF

Return for Risk

IBDO vs. IBDS — Risk / Return Rank

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

IBDS

IBDS Risk / Return Rank: 98
IBDS Sharpe Ratio Rank: 98
IBDS Sortino Ratio Rank: 98
IBDS Omega Ratio Rank: 98
IBDS Calmar Ratio Rank: 97
IBDS Martin Ratio Rank: 98

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.

IBDO vs. IBDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and iShares iBonds Dec 2027 Term Corporate ETF (IBDS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBDO	IBDS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.06	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.56	—

Correlation

The correlation between IBDO and IBDS is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IBDO vs. IBDS - Dividend Comparison

IBDO has not paid dividends to shareholders, while IBDS's dividend yield for the trailing twelve months is around 4.33%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBDO iShares iBonds Dec 2023 Term Corporate ETF	0.00%	0.00%	0.00%	3.61%	1.85%	2.04%	2.47%	3.01%	3.10%	2.96%	3.01%	2.39%
IBDS iShares iBonds Dec 2027 Term Corporate ETF	4.33%	4.36%	4.37%	3.81%	2.87%	2.19%	2.66%	3.32%	3.66%	0.97%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	IBDO	IBDS	Difference
Max Drawdown Largest peak-to-trough decline	—	-16.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.98%	—
Current Drawdown Current decline from peak	—	-0.10%	—
Average Drawdown Average peak-to-trough decline	—	-3.43%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.16%	—

Volatility

Volatility by Period

	IBDO	IBDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.54%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.60%	—