IBDU vs. TLT
Compare and contrast key facts about iShares iBonds Dec 2029 Term Corporate ETF (IBDU) and iShares 20+ Year Treasury Bond ETF (TLT).
IBDU and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDU is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2029 Maturity Corporate Index. It was launched on Sep 17, 2019. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both IBDU and TLT 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: IBDU or TLT.
Key characteristics
| IBDU | TLT | |
|---|---|---|
| YTD Return | 3.12% | -5.60% |
| 1Y Return | 8.50% | 6.12% |
| 3Y Return (Ann) | -0.70% | -12.04% |
| 5Y Return (Ann) | 1.29% | -5.81% |
| Sharpe Ratio | 1.83 | 0.31 |
| Sortino Ratio | 2.80 | 0.54 |
| Omega Ratio | 1.34 | 1.06 |
| Calmar Ratio | 0.68 | 0.10 |
| Martin Ratio | 7.95 | 0.76 |
| Ulcer Index | 1.04% | 6.13% |
| Daily Std Dev | 4.52% | 14.86% |
| Max Drawdown | -19.44% | -48.35% |
| Current Drawdown | -4.68% | -41.18% |
Correlation
The correlation between IBDU and TLT is 0.72, 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
IBDU vs. TLT - Performance Comparison
In the year-to-date period, IBDU achieves a 3.12% return, which is significantly higher than TLT's -5.60% 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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IBDU vs. TLT - Expense Ratio Comparison
IBDU has a 0.10% expense ratio, which is lower than TLT's 0.15% expense ratio. Despite the difference, 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
IBDU vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Corporate ETF (IBDU) and iShares 20+ Year Treasury Bond ETF (TLT). 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
IBDU vs. TLT - Dividend Comparison
IBDU's dividend yield for the trailing twelve months is around 4.67%, more than TLT's 4.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 4.67% | 4.21% | 3.34% | 2.28% | 2.42% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.07% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
IBDU vs. TLT - Drawdown Comparison
The maximum IBDU drawdown since its inception was -19.44%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IBDU and TLT. For additional features, visit the drawdowns tool.
Volatility
IBDU vs. TLT - Volatility Comparison
The current volatility for iShares iBonds Dec 2029 Term Corporate ETF (IBDU) is 1.07%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.10%. This indicates that IBDU experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.