IBDT vs. IBDQ

Last updated Jun 4, 2026

IBDT (iShares iBonds Dec 2028 Term Corporate ETF) and IBDQ (iShares iBonds Dec 2025 Term Corporate ETF) are both Corporate Bonds funds from iShares - IBDT tracks the Bloomberg December 2028 Maturity Corporate Index while IBDQ tracks the Bloomberg December 2025 Maturity Corporate. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.

Performance

IBDT vs. IBDQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2028 Term Corporate ETF (IBDT) and iShares iBonds Dec 2025 Term Corporate ETF (IBDQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBDT

• 1D: -0.06%
• 1M: 0.27%
• YTD: 0.78%
• 6M: 1.15%
• 1Y: 4.55%
• 3Y*: 5.51%
• 5Y*: 1.39%
• 10Y*: —

IBDQ

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

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

IBDT vs. IBDQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IBDT iShares iBonds Dec 2028 Term Corporate ETF	0.78%	7.02%	3.97%	7.72%	-11.42%	-1.90%	9.62%	15.15%	1.19%
IBDQ iShares iBonds Dec 2025 Term Corporate ETF	0.00%	4.13%	5.12%	5.23%	-5.91%	-1.49%	8.27%	13.59%	-0.08%

Correlation

The correlation between IBDT and IBDQ is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Sep 21, 2018	0.64

Over the past year, the correlation between IBDT and IBDQ has dropped to 0.10 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

Return for Risk

IBDT vs. IBDQ — Risk / Return Rank

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

IBDT

IBDT Risk / Return Rank: 88
IBDT Sharpe Ratio Rank: 85
IBDT Sortino Ratio Rank: 92
IBDT Omega Ratio Rank: 90
IBDT Calmar Ratio Rank: 83
IBDT Martin Ratio Rank: 89

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.

IBDT vs. IBDQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) and iShares iBonds Dec 2025 Term Corporate ETF (IBDQ). 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.

	IBDT	IBDQ	Difference
Sharpe ratio Return per unit of total volatility	2.81	—	—
Sortino ratio Return per unit of downside risk	4.50	—	—
Omega ratio Gain probability vs. loss probability	1.59	—	—
Calmar ratio Return relative to maximum drawdown	4.44	—	—
Martin ratio Return relative to average drawdown	20.21	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBDT	IBDQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	—	—

Drawdowns

Drawdown Indicators

	IBDT	IBDQ	Difference
Max Drawdown Largest peak-to-trough decline	-17.79%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.68%	—	—
Current Drawdown Current decline from peak	-0.09%	—	—
Average Drawdown Average peak-to-trough decline	-4.16%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	—	—

Volatility

Volatility by Period

	IBDT	IBDQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.62%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.07%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.37%	—	—

IBDT vs. IBDQ - Expense Ratio Comparison

Both IBDT and IBDQ 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

IBDT vs. IBDQ - Dividend Comparison

IBDT's dividend yield for the trailing twelve months is around 4.55%, more than IBDQ's 2.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBDQ iShares iBonds Dec 2025 Term Corporate ETF	2.08%	3.77%	3.81%	3.27%	2.23%	2.07%	2.51%	3.21%	3.52%	3.28%	3.39%	2.64%
IBDT iShares iBonds Dec 2028 Term Corporate ETF	4.55%	4.56%	4.67%	4.10%	3.25%	2.45%	2.80%	3.32%	1.47%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBDT and IBDQ in my portfolio?

IBDT and IBDQ have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBDT or IBDQ?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBDT or IBDQ?

IBDT and IBDQ have the same expense ratio: 0.10% per year.

Which ETF pays a higher dividend yield, IBDT or IBDQ?

IBDT has the higher dividend yield at 4.55%, compared with 2.08% for IBDQ.

What is the main difference between IBDT and IBDQ?

IBDT tracks Bloomberg December 2028 Maturity Corporate Index, while IBDQ tracks Bloomberg December 2025 Maturity Corporate.