IBDY vs. IBDR
IBDY (iShares iBonds Dec 2033 Term Corporate ETF) and IBDR (iShares iBonds Dec 2026 Term Corporate ETF) are both Corporate Bonds funds from iShares - IBDY tracks the Bloomberg December 2033 Maturity Corporate Index while IBDR tracks the Barclays December 2026 Maturity Corporate Index. Both are passively managed. Over the past year, IBDY returned 5.45% vs 4.38% for IBDR. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
IBDY vs. IBDR - Performance Comparison
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Returns By Period
In the year-to-date period, IBDY achieves a -0.23% return, which is significantly lower than IBDR's 1.52% return.
IBDY
- 1D
- -0.49%
- 1M
- -0.73%
- YTD
- -0.23%
- 6M
- 0.14%
- 1Y
- 5.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBDR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.52%
- 6M
- 1.93%
- 1Y
- 4.38%
- 3Y*
- 5.16%
- 5Y*
- 1.52%
- 10Y*
- —
IBDY vs. IBDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBDY iShares iBonds Dec 2033 Term Corporate ETF | -0.23% | 9.41% | 2.02% | 5.75% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.52% | 4.99% | 4.98% | 3.79% |
Correlation
The correlation between IBDY and IBDR is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.62 |
Over the past year, the correlation between IBDY and IBDR has dropped to 0.19 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
IBDY vs. IBDR — Risk / Return Rank
IBDY
IBDR
IBDY vs. IBDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2033 Term Corporate ETF (IBDY) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR). 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.
| IBDY | IBDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.65 | ||
| Sortino ratioReturn per unit of downside risk | -12.63 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 3.40 | -2.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 53.28 | -51.35 |
| Martin ratioReturn relative to average drawdown | 6.14 | 186.36 | -180.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBDY | IBDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 6.96 | -5.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.61 | +0.29 |
Drawdowns
IBDY vs. IBDR - Drawdown Comparison
The maximum IBDY drawdown since its inception was -7.53%, smaller than the maximum IBDR drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for IBDY and IBDR.
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Drawdown Indicators
| IBDY | IBDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.53% | -16.06% | +8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -0.08% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.13% | — |
Current DrawdownCurrent decline from peak | -1.76% | 0.00% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -2.83% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.02% | +0.87% |
Volatility
IBDY vs. IBDR - Volatility Comparison
iShares iBonds Dec 2033 Term Corporate ETF (IBDY) has a higher volatility of 1.33% compared to iShares iBonds Dec 2026 Term Corporate ETF (IBDR) at 0.16%. This indicates that IBDY's price experiences larger fluctuations and is considered to be riskier than IBDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDY | IBDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.16% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 0.33% | +2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 0.63% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 3.40% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 4.86% | +1.49% |
IBDY vs. IBDR - Expense Ratio Comparison
Both IBDY and IBDR 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
IBDY vs. IBDR - Dividend Comparison
IBDY's dividend yield for the trailing twelve months is around 4.91%, more than IBDR's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.13% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% |
IBDY iShares iBonds Dec 2033 Term Corporate ETF | 4.91% | 4.87% | 5.02% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBDY and IBDR have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDY has higher volatility (1.33%) compared to IBDR (0.16%). In terms of maximum drawdown, IBDY dropped -7.53% vs IBDR's -16.06%.
On 1-year performance, IBDY leads with 5.45% vs 4.38% for IBDR. Both ETFs have the same 0.10% expense ratio. On volatility, IBDR has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBDY has performed better with a 5.45% return vs 4.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDY and IBDR have the same expense ratio: 0.10% per year.
IBDY has the higher dividend yield at 4.91%, compared with 4.13% for IBDR.
IBDY tracks Bloomberg December 2033 Maturity Corporate Index, while IBDR tracks Barclays December 2026 Maturity Corporate Index.
IBDR currently has the higher Sharpe Ratio (6.96 vs 1.31), 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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