IBGB vs. BLTD

Last updated Jun 25, 2026

IBGB (iShares iBonds Dec 2045 Term Treasury ETF) and BLTD (Bluemonte Long Term Bond ETF) are both exchange-traded funds - IBGB is a Government Bonds fund tracking the ICE 2045 Maturity US Treasury Index, while BLTD is a Long-Term Bond fund managed by Bluemonte. Over the past year, IBGB returned 4.69% vs 5.09% for BLTD. With a 0.97 correlation, they move nearly in lockstep. IBGB charges 0.07%/yr vs 0.23%/yr for BLTD.

Performance

IBGB vs. BLTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2045 Term Treasury ETF (IBGB) and Bluemonte Long Term Bond ETF (BLTD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBGB achieves a 1.50% return, which is significantly lower than BLTD's 1.62% return.

IBGB

• 1D: 1.09%
• 1M: 3.04%
• YTD: 1.50%
• 6M: 0.93%
• 1Y: 4.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLTD

• 1D: 0.77%
• 1M: 2.25%
• YTD: 1.62%
• 6M: 1.07%
• 1Y: 5.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBGB vs. BLTD - Yearly Performance Comparison

	2026 (YTD)	2025
IBGB iShares iBonds Dec 2045 Term Treasury ETF	1.50%	4.18%
BLTD Bluemonte Long Term Bond ETF	1.62%	3.76%

Correlation

The correlation between IBGB and BLTD is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.97

The correlation between IBGB and BLTD has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

IBGB vs. BLTD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBGB

IBGB Risk / Return Rank: 17
IBGB Sharpe Ratio Rank: 18
IBGB Sortino Ratio Rank: 17
IBGB Omega Ratio Rank: 16
IBGB Calmar Ratio Rank: 18
IBGB Martin Ratio Rank: 18

BLTD

BLTD Risk / Return Rank: 22
BLTD Sharpe Ratio Rank: 22
BLTD Sortino Ratio Rank: 21
BLTD Omega Ratio Rank: 20
BLTD Calmar Ratio Rank: 24
BLTD Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBGB vs. BLTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2045 Term Treasury ETF (IBGB) and Bluemonte Long Term Bond ETF (BLTD). 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.

	IBGB	BLTD	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.75	-0.18
Sortino ratio: Return per unit of downside risk	0.88	1.11	-0.23
Omega ratio: Gain probability vs. loss probability	1.10	1.13	-0.03
Calmar ratio: Return relative to maximum drawdown	0.69	1.06	-0.37
Martin ratio: Return relative to average drawdown	1.77	2.63	-0.86

IBGB vs. BLTD - Sharpe Ratio Comparison

The current IBGB Sharpe Ratio is 0.57, which is comparable to the BLTD Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of IBGB and BLTD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBGB vs. BLTD - Drawdown Comparison

The maximum IBGB drawdown since its inception was -8.09%, which is greater than BLTD's maximum drawdown of -4.80%. Use the drawdown chart below to compare losses from any high point for IBGB and BLTD.

Drawdown Indicators

	IBGB	BLTD	Difference
Max Drawdown Largest peak-to-trough decline	-8.09%	-4.80%	-3.29%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-4.80%	-1.99%
Current Drawdown Current decline from peak	-2.35%	-1.16%	-1.19%
Average Drawdown Average peak-to-trough decline	-3.19%	-1.60%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.94%	+0.72%

Volatility

IBGB vs. BLTD - Volatility Comparison

iShares iBonds Dec 2045 Term Treasury ETF (IBGB) has a higher volatility of 2.22% compared to Bluemonte Long Term Bond ETF (BLTD) at 1.82%. This indicates that IBGB's price experiences larger fluctuations and is considered to be riskier than BLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBGB	BLTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	1.82%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	6.00%	5.09%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	8.27%	6.86%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.49%	6.85%	+2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.49%	6.85%	+2.64%

IBGB vs. BLTD - Expense Ratio Comparison

IBGB has a 0.07% expense ratio, which is lower than BLTD's 0.23% 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

IBGB vs. BLTD - Dividend Comparison

IBGB's dividend yield for the trailing twelve months is around 4.55%, more than BLTD's 3.88% yield.

Position	TTM	2025
BLTD Bluemonte Long Term Bond ETF	3.88%	2.48%
IBGB iShares iBonds Dec 2045 Term Treasury ETF	4.55%	3.53%

Frequently Asked Questions

Can I hold both IBGB and BLTD in my portfolio?

With a correlation of 0.97, IBGB and BLTD 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.

Which is riskier, IBGB or BLTD?

IBGB has higher volatility (2.22%) compared to BLTD (1.82%). In terms of maximum drawdown, IBGB dropped -8.09% vs BLTD's -4.80%.

Which ETF is better, IBGB or BLTD?

On 1-year performance, BLTD leads with 5.09% vs 4.69% for IBGB. On fees, IBGB is cheaper at 0.07% per year. On volatility, BLTD has been the lower-risk option at 1.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBGB or BLTD?

Over the 1-year period, BLTD has performed better with a 5.09% return vs 4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBGB or BLTD?

IBGB is cheaper with a 0.07% expense ratio, compared with 0.23% for BLTD.

Which ETF pays a higher dividend yield, IBGB or BLTD?

IBGB has the higher dividend yield at 4.55%, compared with 3.88% for BLTD.

What is the main difference between IBGB and BLTD?

IBGB is categorized as Government Bonds, while BLTD is Long-Term Bond. They also come from different issuers: iShares and Bluemonte. Their fees differ too: 0.07% for IBGB and 0.23% for BLTD.

Which has better risk-adjusted returns?

BLTD currently has the higher Sharpe Ratio (0.75 vs 0.57), 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.