IBDS vs. IBDO
IBDS (iShares iBonds Dec 2027 Term Corporate ETF) and IBDO (iShares iBonds Dec 2023 Term Corporate ETF) are both Corporate Bonds funds from iShares - IBDS tracks the Bloomberg Barclays December 2027 Maturity Corporate Index while IBDO tracks the Bloomberg December 2023 Maturity Corporate Index. Both are passively managed. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
IBDS vs. IBDO - Performance Comparison
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Returns By Period
IBDS
- 1D
- -0.04%
- 1M
- 0.31%
- YTD
- 1.23%
- 6M
- 1.61%
- 1Y
- 4.57%
- 3Y*
- 5.28%
- 5Y*
- 1.45%
- 10Y*
- —
IBDO
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBDS vs. IBDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDS iShares iBonds Dec 2027 Term Corporate ETF | 1.23% | 5.86% | 4.61% | 6.44% | -9.52% | -1.56% | 8.95% | 15.08% | -2.76% | 1.14% |
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% |
Correlation
The correlation between IBDS and IBDO 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 | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2017 | 0.47 |
The correlation between IBDS and IBDO shifts across timeframes, from 0.04 (3 years) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBDS vs. IBDO — Risk / Return Rank
IBDS
IBDO
IBDS vs. IBDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Corporate ETF (IBDS) 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.
| IBDS | IBDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 10.55 | — | — |
| Martin ratioReturn relative to average drawdown | 48.73 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBDS | IBDO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.19 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | — | — |
Drawdowns
IBDS vs. IBDO - Drawdown Comparison
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Drawdown Indicators
| IBDS | IBDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.75% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.98% | — | — |
Current DrawdownCurrent decline from peak | -0.06% | — | — |
Average DrawdownAverage peak-to-trough decline | -3.36% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | — | — |
Volatility
IBDS vs. IBDO - Volatility Comparison
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Volatility by Period
| IBDS | IBDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.55% | — | — |
IBDS vs. IBDO - Expense Ratio Comparison
Both IBDS 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
IBDS vs. IBDO - Dividend Comparison
IBDS's dividend yield for the trailing twelve months is around 4.32%, 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% |
IBDS iShares iBonds Dec 2027 Term Corporate ETF | 4.32% | 4.36% | 4.37% | 3.81% | 2.87% | 2.19% | 2.66% | 3.32% | 3.66% | 0.97% | 0.00% | 0.00% |
Frequently Asked Questions
IBDS and IBDO 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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBDS and IBDO have the same expense ratio: 0.10% per year.
IBDS has the higher dividend yield at 4.32%, compared with 0.00% for IBDO.
IBDS tracks Bloomberg Barclays December 2027 Maturity Corporate Index, while IBDO tracks Bloomberg December 2023 Maturity Corporate Index.
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