IBGA vs. UNIY
IBGA (iShares iBonds Dec 2044 Term Treasury ETF) and UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) are both Intermediate Core Bond funds - IBGA tracks the ICE 2044 Maturity US Treasury Index while UNIY tracks the Bloomberg US Universal Enhanced Yield Index. Both are passively managed. Over the past year, IBGA returned 5.33% vs 5.54% for UNIY. Their correlation of 0.93 suggests significant overlap in exposure. IBGA charges 0.07%/yr vs 0.15%/yr for UNIY.
Performance
IBGA vs. UNIY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBGA achieves a -0.37% return, which is significantly lower than UNIY's 0.40% return.
IBGA
- 1D
- -0.41%
- 1M
- 0.62%
- YTD
- -0.37%
- 6M
- -1.42%
- 1Y
- 5.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UNIY
- 1D
- -0.21%
- 1M
- 0.38%
- YTD
- 0.40%
- 6M
- 0.35%
- 1Y
- 5.54%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
IBGA vs. UNIY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | -0.37% | 6.09% | -1.41% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 0.40% | 7.37% | 2.10% |
Correlation
The correlation between IBGA and UNIY is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024 | 0.93 |
The correlation between IBGA and UNIY has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBGA vs. UNIY — Risk / Return Rank
IBGA
UNIY
IBGA vs. UNIY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) and WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY). 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.
| IBGA | UNIY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.26 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 2.19 | -1.38 |
| Martin ratioReturn relative to average drawdown | 2.23 | 6.84 | -4.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBGA | UNIY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.50 | -0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.84 | -0.62 |
Drawdowns
IBGA vs. UNIY - Drawdown Comparison
The maximum IBGA drawdown since its inception was -11.69%, which is greater than UNIY's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for IBGA and UNIY.
Loading charts...
Drawdown Indicators
| IBGA | UNIY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -6.27% | -5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -2.53% | -4.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.40% | — |
Current DrawdownCurrent decline from peak | -4.67% | -1.18% | -3.49% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -1.38% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 0.81% | +1.59% |
Volatility
IBGA vs. UNIY - Volatility Comparison
iShares iBonds Dec 2044 Term Treasury ETF (IBGA) has a higher volatility of 2.59% compared to WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) at 1.26%. This indicates that IBGA's price experiences larger fluctuations and is considered to be riskier than UNIY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBGA | UNIY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.26% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 2.71% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.21% | 3.69% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.86% | 4.85% | +5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.86% | 4.85% | +5.01% |
IBGA vs. UNIY - Expense Ratio Comparison
IBGA has a 0.07% expense ratio, which is lower than UNIY'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%.
Dividends
IBGA vs. UNIY - Dividend Comparison
IBGA's dividend yield for the trailing twelve months is around 4.66%, less than UNIY's 4.85% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | 4.66% | 4.49% | 2.03% | 0.00% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 4.85% | 4.95% | 4.86% | 3.99% |
Frequently Asked Questions
With a correlation of 0.93, IBGA and UNIY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBGA has higher volatility (2.59%) compared to UNIY (1.26%). In terms of maximum drawdown, IBGA dropped -11.69% vs UNIY's -6.27%.
On 1-year performance, UNIY leads with 5.54% vs 5.33% for IBGA. On fees, IBGA is cheaper at 0.07% per year. On volatility, UNIY has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UNIY has performed better with a 5.54% return vs 5.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGA is cheaper with a 0.07% expense ratio, compared with 0.15% for UNIY.
UNIY has the higher dividend yield at 4.85%, compared with 4.66% for IBGA.
IBGA tracks ICE 2044 Maturity US Treasury Index, while UNIY tracks Bloomberg US Universal Enhanced Yield Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.07% for IBGA and 0.15% for UNIY.
UNIY currently has the higher Sharpe Ratio (1.50 vs 0.65), 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.
Find the right allocation for IBGA and UNIY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer