IBDT vs. IBTH
IBDT (iShares iBonds Dec 2028 Term Corporate ETF) and IBTH (iShares iBonds Dec 2027 Term Treasury ETF) are both exchange-traded funds - IBDT is a Corporate Bonds fund tracking the Bloomberg December 2028 Maturity Corporate Index, while IBTH is a Government Bonds fund tracking the ICE 2027 Maturity US Treasury Index. Both are passively managed. Over the past 5 years, IBDT returned 1.25%/yr vs 0.42%/yr for IBTH. A 0.76 correlation means they provide meaningful diversification when combined. IBDT charges 0.10%/yr vs 0.07%/yr for IBTH.
Performance
IBDT vs. IBTH - Performance Comparison
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Returns By Period
In the year-to-date period, IBDT achieves a 0.92% return, which is significantly lower than IBTH's 1.03% return.
IBDT
- 1D
- 0.02%
- 1M
- 0.45%
- YTD
- 0.92%
- 6M
- 1.33%
- 1Y
- 4.61%
- 3Y*
- 5.76%
- 5Y*
- 1.25%
- 10Y*
- —
IBTH
- 1D
- -0.02%
- 1M
- 0.23%
- YTD
- 1.03%
- 6M
- 1.29%
- 1Y
- 3.81%
- 3Y*
- 4.16%
- 5Y*
- 0.42%
- 10Y*
- —
IBDT vs. IBTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 0.92% | 7.02% | 3.97% | 7.72% | -11.42% | -1.90% | 6.88% |
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 1.03% | 5.29% | 3.22% | 4.38% | -9.75% | -3.43% | 4.20% |
Correlation
The correlation between IBDT and IBTH is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.76 |
The correlation between IBDT and IBTH shifts across timeframes, from 0.65 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBDT vs. IBTH — Risk / Return Rank
IBDT
IBTH
IBDT vs. IBTH - 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 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.
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.
| IBDT | IBTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.96 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.38 | 10.03 | -5.65 |
| Martin ratioReturn relative to average drawdown | 20.12 | 41.28 | -21.16 |
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Drawdowns
IBDT vs. IBTH - Drawdown Comparison
The maximum IBDT drawdown since its inception was -17.79%, which is greater than IBTH's maximum drawdown of -16.16%. Use the drawdown chart below to compare losses from any high point for IBDT and IBTH.
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Drawdown Indicators
| IBDT | IBTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -16.16% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -0.38% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -3.19% | -2.09% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -17.68% | -14.41% | -3.27% |
Current DrawdownCurrent decline from peak | 0.00% | -1.25% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -6.69% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.09% | +0.13% |
Volatility
IBDT vs. IBTH - Volatility Comparison
iShares iBonds Dec 2028 Term Corporate ETF (IBDT) has a higher volatility of 0.44% compared to iShares iBonds Dec 2027 Term Treasury ETF (IBTH) at 0.20%. This indicates that IBDT'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.
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Volatility by Period
| IBDT | IBTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.20% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.07% | 0.54% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 1.03% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 4.19% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 4.20% | +2.16% |
IBDT vs. IBTH - Expense Ratio Comparison
IBDT 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%.
Dividends
IBDT vs. IBTH - Dividend Comparison
IBDT's dividend yield for the trailing twelve months is around 4.54%, more than IBTH's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.54% | 4.56% | 4.67% | 4.10% | 3.25% | 2.45% | 2.80% | 3.32% | 1.47% |
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 3.82% | 3.92% | 4.04% | 3.61% | 2.00% | 0.77% | 0.50% | 0.00% | 0.00% |
Frequently Asked Questions
IBDT and IBTH have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDT has higher volatility (0.44%) compared to IBTH (0.20%). In terms of maximum drawdown, IBDT dropped -17.79% vs IBTH's -16.16%.
On 5-year performance, IBDT leads with 1.25% vs 0.42% for IBTH. On fees, IBTH is cheaper at 0.07% per year. On volatility, IBTH has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBDT has performed better with a 1.25% return vs 0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTH is cheaper with a 0.07% expense ratio, compared with 0.10% for IBDT.
IBDT has the higher dividend yield at 4.54%, compared with 3.82% for IBTH.
IBDT is categorized as Corporate Bonds, while IBTH is Government Bonds. IBDT tracks Bloomberg December 2028 Maturity Corporate Index, while IBTH tracks ICE 2027 Maturity US Treasury Index. Their fees differ too: 0.10% for IBDT and 0.07% for IBTH.
IBTH currently has the higher Sharpe Ratio (3.74 vs 2.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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