IBGB vs. IBTE

Last updated Jun 4, 2026

IBGB (iShares iBonds Dec 2045 Term Treasury ETF) and IBTE (iShares iBonds Dec 2024 Term Treasury ETF) are both Government Bonds funds from iShares - IBGB tracks the ICE 2045 Maturity US Treasury Index while IBTE tracks the ICE 2024 Maturity US Treasury Index. Both are passively managed. Both charge a 0.07% expense ratio.

Performance

IBGB vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2045 Term Treasury ETF (IBGB) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBGB

• 1D: -0.37%
• 1M: 0.61%
• YTD: -0.40%
• 6M: -1.50%
• 1Y: 5.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBGB vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
IBGB iShares iBonds Dec 2045 Term Treasury ETF	-1.11%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Return for Risk

IBGB vs. IBTE — Risk / Return Rank

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

IBGB

IBGB Risk / Return Rank: 20
IBGB Sharpe Ratio Rank: 20
IBGB Sortino Ratio Rank: 20
IBGB Omega Ratio Rank: 19
IBGB Calmar Ratio Rank: 19
IBGB Martin Ratio Rank: 20

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. IBTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2045 Term Treasury ETF (IBGB) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). 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.

	IBGB	IBTE	Difference
Sharpe ratio Return per unit of total volatility	0.64	—	—
Sortino ratio Return per unit of downside risk	0.98	—	—
Omega ratio Gain probability vs. loss probability	1.11	—	—
Calmar ratio Return relative to maximum drawdown	0.80	—	—
Martin ratio Return relative to average drawdown	2.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBGB	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	—	—

Drawdowns

IBGB vs. IBTE - Drawdown Comparison

The maximum IBGB drawdown since its inception was -8.09%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IBGB and IBTE.

Drawdown Indicators

	IBGB	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-8.09%	0.00%	-8.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	—	—
Current Drawdown Current decline from peak	-4.18%	0.00%	-4.18%
Average Drawdown Average peak-to-trough decline	-3.17%	0.00%	-3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	—	—

Volatility

Volatility by Period

	IBGB	IBTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.44%	0.00%	+8.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.53%	0.00%	+9.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.53%	0.00%	+9.53%

IBGB vs. IBTE - Expense Ratio Comparison

Both IBGB and IBTE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IBGB vs. IBTE - Dividend Comparison

IBGB's dividend yield for the trailing twelve months is around 4.63%, while IBTE has not paid dividends to shareholders.

Position	TTM	2025
IBGB iShares iBonds Dec 2045 Term Treasury ETF	4.63%	3.53%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IBGB or IBTE?

Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBGB or IBTE?

IBGB and IBTE have the same expense ratio: 0.07% per year.

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

IBGB has the higher dividend yield at 4.63%, compared with 0.00% for IBTE.

What is the main difference between IBGB and IBTE?

IBGB tracks ICE 2045 Maturity US Treasury Index, while IBTE tracks ICE 2024 Maturity US Treasury Index.