IBDR vs. GOVT
Compare and contrast key facts about iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and iShares U.S. Treasury Bond ETF (GOVT).
IBDR and GOVT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDR is a passively managed fund by iShares that tracks the performance of the Barclays December 2026 Maturity Corporate Index. It was launched on Sep 13, 2016. GOVT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Bond Index. It was launched on Feb 14, 2012. Both IBDR and GOVT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBDR or GOVT.
Key characteristics
| IBDR | GOVT | |
|---|---|---|
| YTD Return | 4.11% | 0.73% |
| 1Y Return | 6.78% | 5.43% |
| 3Y Return (Ann) | 0.45% | -2.66% |
| 5Y Return (Ann) | 1.85% | -0.75% |
| Sharpe Ratio | 3.33 | 0.89 |
| Sortino Ratio | 5.53 | 1.30 |
| Omega Ratio | 1.75 | 1.16 |
| Calmar Ratio | 0.96 | 0.29 |
| Martin Ratio | 24.54 | 2.75 |
| Ulcer Index | 0.27% | 1.78% |
| Daily Std Dev | 2.01% | 5.50% |
| Max Drawdown | -16.06% | -19.07% |
| Current Drawdown | -0.63% | -12.37% |
Correlation
The correlation between IBDR and GOVT is 0.65, 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.
Performance
IBDR vs. GOVT - Performance Comparison
In the year-to-date period, IBDR achieves a 4.11% return, which is significantly higher than GOVT's 0.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBDR vs. GOVT - Expense Ratio Comparison
IBDR has a 0.10% expense ratio, which is lower than GOVT'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%.
Risk-Adjusted Performance
IBDR vs. GOVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and iShares U.S. Treasury Bond ETF (GOVT). 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.
Dividends
IBDR vs. GOVT - Dividend Comparison
IBDR's dividend yield for the trailing twelve months is around 4.05%, more than GOVT's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.05% | 3.41% | 2.45% | 2.10% | 2.62% | 3.25% | 3.56% | 3.22% | 0.86% | 0.00% | 0.00% | 0.00% |
GOVT iShares U.S. Treasury Bond ETF | 3.14% | 2.66% | 1.76% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% | 1.17% | 0.94% |
Drawdowns
IBDR vs. GOVT - Drawdown Comparison
The maximum IBDR drawdown since its inception was -16.06%, smaller than the maximum GOVT drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for IBDR and GOVT. For additional features, visit the drawdowns tool.
Volatility
IBDR vs. GOVT - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) is 0.34%, while iShares U.S. Treasury Bond ETF (GOVT) has a volatility of 1.51%. This indicates that IBDR experiences smaller price fluctuations and is considered to be less risky than GOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.