IBDV vs. IBTJ
IBDV (iShares iBonds Dec 2030 Term Corporate ETF) and IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) are both exchange-traded funds - IBDV is a Corporate Bonds fund tracking the Bloomberg December 2030 Maturity Corporate Index, while IBTJ is a Government Bonds fund tracking the ICE 2029 Maturity US Treasury Index. Both are passively managed. Over the past 5 years, IBDV returned 0.77%/yr vs -0.15%/yr for IBTJ. Their correlation of 0.85 suggests significant overlap in exposure. IBDV charges 0.10%/yr vs 0.07%/yr for IBTJ.
Performance
IBDV vs. IBTJ - Performance Comparison
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Returns By Period
In the year-to-date period, IBDV achieves a 0.41% return, which is significantly higher than IBTJ's 0.04% return.
IBDV
- 1D
- -0.07%
- 1M
- 0.56%
- YTD
- 0.41%
- 6M
- 0.90%
- 1Y
- 4.79%
- 3Y*
- 5.90%
- 5Y*
- 0.77%
- 10Y*
- —
IBTJ
- 1D
- -0.09%
- 1M
- 0.36%
- YTD
- 0.04%
- 6M
- 0.37%
- 1Y
- 3.40%
- 3Y*
- 3.81%
- 5Y*
- -0.15%
- 10Y*
- —
IBDV vs. IBTJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBDV iShares iBonds Dec 2030 Term Corporate ETF | 0.41% | 8.19% | 3.42% | 8.51% | -14.67% | -2.64% | 5.22% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 0.04% | 6.89% | 1.82% | 4.49% | -12.45% | -3.57% | -0.94% |
Correlation
The correlation between IBDV and IBTJ is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020 | 0.85 |
The correlation between IBDV and IBTJ has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
IBDV vs. IBTJ — Risk / Return Rank
IBDV
IBTJ
IBDV vs. IBTJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Corporate ETF (IBDV) and iShares iBonds Dec 2029 Term Treasury ETF (IBTJ). 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.
| IBDV | IBTJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.02 | +0.19 |
| Martin ratioReturn relative to average drawdown | 7.41 | 5.49 | +1.91 |
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Drawdowns
IBDV vs. IBTJ - Drawdown Comparison
The maximum IBDV drawdown since its inception was -21.85%, which is greater than IBTJ's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for IBDV and IBTJ.
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Drawdown Indicators
| IBDV | IBTJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -20.19% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -1.62% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -4.43% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.54% | -17.21% | -4.33% |
Current DrawdownCurrent decline from peak | -0.81% | -6.17% | +5.36% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -9.71% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.59% | +0.03% |
Volatility
IBDV vs. IBTJ - Volatility Comparison
iShares iBonds Dec 2030 Term Corporate ETF (IBDV) has a higher volatility of 0.93% compared to iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) at 0.69%. This indicates that IBDV's price experiences larger fluctuations and is considered to be riskier than IBTJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDV | IBTJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.69% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.58% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 2.36% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.44% | 5.73% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 5.98% | +0.27% |
IBDV vs. IBTJ - Expense Ratio Comparison
IBDV has a 0.10% expense ratio, which is higher than IBTJ'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
IBDV vs. IBTJ - Dividend Comparison
IBDV's dividend yield for the trailing twelve months is around 4.59%, more than IBTJ's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBDV iShares iBonds Dec 2030 Term Corporate ETF | 4.59% | 4.57% | 4.69% | 4.09% | 3.02% | 1.99% | 0.90% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.80% | 3.78% | 3.95% | 3.48% | 1.86% | 0.74% | 0.61% |
Frequently Asked Questions
IBDV and IBTJ have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDV has higher volatility (0.93%) compared to IBTJ (0.69%). In terms of maximum drawdown, IBDV dropped -21.85% vs IBTJ's -20.19%.
On 5-year performance, IBDV leads with 0.77% vs -0.15% for IBTJ. On fees, IBTJ is cheaper at 0.07% per year. On volatility, IBTJ has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBDV has performed better with a 0.77% return vs -0.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTJ is cheaper with a 0.07% expense ratio, compared with 0.10% for IBDV.
IBDV has the higher dividend yield at 4.59%, compared with 3.80% for IBTJ.
IBDV is categorized as Corporate Bonds, while IBTJ is Government Bonds. IBDV tracks Bloomberg December 2030 Maturity Corporate Index, while IBTJ tracks ICE 2029 Maturity US Treasury Index. Their fees differ too: 0.10% for IBDV and 0.07% for IBTJ.
IBDV currently has the higher Sharpe Ratio (1.59 vs 1.39), 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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