IBDS vs. IBTH
Compare and contrast key facts about iShares iBonds Dec 2027 Term Corporate ETF (IBDS) and iShares iBonds Dec 2027 Term Treasury ETF (IBTH).
IBDS and IBTH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IBTH is a passively managed fund by iShares that tracks the performance of the ICE 2027 Maturity US Treasury Index. It was launched on Feb 25, 2020. Both IBDS and IBTH 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: IBDS or IBTH.
Key characteristics
| IBDS | IBTH | |
|---|---|---|
| YTD Return | 4.02% | 2.57% |
| 1Y Return | 7.40% | 5.09% |
| 3Y Return (Ann) | 0.11% | -1.09% |
| Sharpe Ratio | 2.71 | 1.81 |
| Sortino Ratio | 4.38 | 2.79 |
| Omega Ratio | 1.56 | 1.36 |
| Calmar Ratio | 0.96 | 0.48 |
| Martin Ratio | 16.22 | 7.26 |
| Ulcer Index | 0.51% | 0.82% |
| Daily Std Dev | 3.04% | 3.30% |
| Max Drawdown | -16.75% | -16.17% |
| Current Drawdown | -1.61% | -7.75% |
Correlation
The correlation between IBDS and IBTH is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IBDS vs. IBTH - Performance Comparison
In the year-to-date period, IBDS achieves a 4.02% return, which is significantly higher than IBTH's 2.57% 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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IBDS vs. IBTH - Expense Ratio Comparison
IBDS has a 0.10% expense ratio, which is higher than IBTH's 0.07% expense ratio. However, 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
IBDS vs. IBTH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Corporate ETF (IBDS) and iShares iBonds Dec 2027 Term Treasury ETF (IBTH). 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
IBDS vs. IBTH - Dividend Comparison
IBDS's dividend yield for the trailing twelve months is around 4.28%, more than IBTH's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
IBDS iShares iBonds Dec 2027 Term Corporate ETF | 4.28% | 3.81% | 2.87% | 2.19% | 2.66% | 3.31% | 3.66% | 0.97% |
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 3.92% | 3.61% | 2.00% | 0.77% | 0.50% | 0.00% | 0.00% | 0.00% |
Drawdowns
IBDS vs. IBTH - Drawdown Comparison
The maximum IBDS drawdown since its inception was -16.75%, roughly equal to the maximum IBTH drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for IBDS and IBTH. For additional features, visit the drawdowns tool.
Volatility
IBDS vs. IBTH - Volatility Comparison
iShares iBonds Dec 2027 Term Corporate ETF (IBDS) has a higher volatility of 0.65% compared to iShares iBonds Dec 2027 Term Treasury ETF (IBTH) at 0.50%. This indicates that IBDS's price experiences larger fluctuations and is considered to be riskier than IBTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.