IBDP vs. SHY

Last updated Jun 4, 2026

IBDP (iShares iBonds Dec 2024 Term Corporate ETF) and SHY (iShares 1-3 Year Treasury Bond ETF) are both exchange-traded funds - IBDP is a Corporate Bonds fund tracking the Bloomberg December 2024 Maturity Corporate Index, while SHY is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. At a 0.47 correlation, their price movements are largely independent. IBDP charges 0.10%/yr vs 0.15%/yr for SHY.

Performance

IBDP vs. SHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2024 Term Corporate ETF (IBDP) and iShares 1-3 Year Treasury Bond ETF (SHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBDP

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

SHY

• 1D: -0.05%
• 1M: 0.08%
• YTD: 0.43%
• 6M: 0.69%
• 1Y: 3.32%
• 3Y*: 4.03%
• 5Y*: 1.71%
• 10Y*: 1.65%

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

IBDP vs. SHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBDP iShares iBonds Dec 2024 Term Corporate ETF	0.00%	0.00%	5.02%	5.16%	-3.89%	-0.64%	6.14%	11.00%	-1.37%	5.61%
SHY iShares 1-3 Year Treasury Bond ETF	0.43%	4.95%	3.92%	4.16%	-3.88%	-0.71%	3.03%	3.38%	1.46%	0.26%

Correlation

The correlation between IBDP and SHY is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 13, 2015	0.47

The correlation between IBDP and SHY shifts across timeframes, from 0.22 (3 years) to 0.49 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

IBDP vs. SHY — Risk / Return Rank

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

SHY

SHY Risk / Return Rank: 79
SHY Sharpe Ratio Rank: 74
SHY Sortino Ratio Rank: 88
SHY Omega Ratio Rank: 82
SHY Calmar Ratio Rank: 73
SHY Martin Ratio Rank: 77

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.

IBDP vs. SHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Corporate ETF (IBDP) and iShares 1-3 Year Treasury Bond ETF (SHY). 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

	IBDP	SHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.49	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.28	—

Drawdowns

Drawdown Indicators

	IBDP	SHY	Difference
Max Drawdown Largest peak-to-trough decline	—	-5.71%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.89%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-5.71%	—
Current Drawdown Current decline from peak	—	-0.31%	—
Average Drawdown Average peak-to-trough decline	—	-0.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.22%	—

Volatility

Volatility by Period

	IBDP	SHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.34%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.98%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	1.57%	—

IBDP vs. SHY - Expense Ratio Comparison

IBDP has a 0.10% expense ratio, which is lower than SHY's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IBDP vs. SHY - Dividend Comparison

IBDP has not paid dividends to shareholders, while SHY's dividend yield for the trailing twelve months is around 3.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBDP iShares iBonds Dec 2024 Term Corporate ETF	0.00%	0.00%	3.93%	3.01%	2.06%	1.86%	2.51%	3.15%	3.35%	3.15%	3.23%	3.74%
SHY iShares 1-3 Year Treasury Bond ETF	3.68%	3.81%	3.92%	2.99%	1.30%	0.26%	0.94%	2.12%	1.72%	0.98%	0.71%	0.54%

Frequently Asked Questions

Can I hold both IBDP and SHY in my portfolio?

IBDP and SHY have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBDP or SHY?

On fees, IBDP is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBDP or SHY?

IBDP is cheaper with a 0.10% expense ratio, compared with 0.15% for SHY.

Which ETF pays a higher dividend yield, IBDP or SHY?

SHY has the higher dividend yield at 3.68%, compared with 0.00% for IBDP.

What is the main difference between IBDP and SHY?

IBDP is categorized as Corporate Bonds, while SHY is Government Bonds. IBDP tracks Bloomberg December 2024 Maturity Corporate Index, while SHY tracks ICE US Treasury 1-3 Year Index. Their fees differ too: 0.10% for IBDP and 0.15% for SHY.