IBDR vs. IBDO
IBDR (iShares iBonds Dec 2026 Term Corporate ETF) and IBDO (iShares iBonds Dec 2023 Term Corporate ETF) are both Corporate Bonds funds from iShares - IBDR tracks the Barclays December 2026 Maturity Corporate Index while IBDO tracks the Bloomberg December 2023 Maturity Corporate Index. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
IBDR vs. IBDO - Performance Comparison
Loading charts...
Returns By Period
IBDR
- 1D
- 0.04%
- 1M
- 0.29%
- YTD
- 1.69%
- 6M
- 1.81%
- 1Y
- 4.30%
- 3Y*
- 5.17%
- 5Y*
- 1.58%
- 10Y*
- —
IBDO
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBDR vs. IBDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.69% | 4.99% | 4.98% | 5.96% | -8.28% | -1.79% | 8.88% | 14.81% | -2.80% | 5.96% |
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% | 4.45% |
Correlation
The correlation between IBDR and IBDO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016 | 0.51 |
The correlation between IBDR and IBDO shifts across timeframes, from 0.04 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBDR vs. IBDO — Risk / Return Rank
IBDR
IBDO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBDR vs. IBDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and iShares iBonds Dec 2023 Term Corporate ETF (IBDO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBDR | IBDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 3.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 52.23 | — | — |
| Martin ratioReturn relative to average drawdown | 181.59 | — | — |
Loading charts...
Drawdowns
IBDR vs. IBDO - Drawdown Comparison
Loading charts...
Drawdown Indicators
| IBDR | IBDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.13% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | — | — |
Average DrawdownAverage peak-to-trough decline | -2.82% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | — | — |
Volatility
IBDR vs. IBDO - Volatility Comparison
Loading charts...
Volatility by Period
| IBDR | IBDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.63% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.39% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | — | — |
IBDR vs. IBDO - Expense Ratio Comparison
Both IBDR and IBDO 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%.
Dividends
IBDR vs. IBDO - Dividend Comparison
IBDR's dividend yield for the trailing twelve months is around 4.12%, while IBDO has not paid dividends to shareholders.
| Position | 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% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.12% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% | 0.00% |
Frequently Asked Questions
IBDR and IBDO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBDR and IBDO have the same expense ratio: 0.10% per year.
IBDR has the higher dividend yield at 4.12%, compared with 0.00% for IBDO.
IBDR tracks Barclays December 2026 Maturity Corporate Index, while IBDO tracks Bloomberg December 2023 Maturity Corporate Index.
Find the right allocation for IBDR and IBDO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer