IBGB vs. TRSY

Last updated Aug 5, 2026

IBGB (iShares iBonds Dec 2045 Term Treasury ETF) and TRSY (Xtrackers US 0-1 Year Treasury ETF) are both Government Bonds funds - IBGB tracks the ICE 2045 Maturity US Treasury Index while TRSY tracks the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past year, IBGB returned -0.26% vs 3.81% for TRSY. Their 0.14 correlation means their historical movements had little consistent relationship. IBGB charges 0.07%/yr vs 0.06%/yr for TRSY.

Performance

IBGB vs. TRSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2045 Term Treasury ETF (IBGB) and Xtrackers US 0-1 Year Treasury ETF (TRSY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBGB achieves a -1.86% return, which is significantly lower than TRSY's 2.06% return.

IBGB

• 1D: 0.77%
• 1M: -2.11%
• 6M: -1.81%
• YTD: -1.86%
• 1Y: -0.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.52%

TRSY

• 1D: 0.05%
• 1M: 0.29%
• 6M: 1.75%
• YTD: 2.06%
• 1Y: 3.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IBGB iShares iBonds Dec 2045 Term Treasury ETF	$32.56K	$33.15K	$77.72K
TRSY Xtrackers US 0-1 Year Treasury ETF	$2.03M	$1.43M	$1.15M

IBGB vs. TRSY - Yearly Performance Comparison

	2026 (YTD)	2025
IBGB iShares iBonds Dec 2045 Term Treasury ETF	-1.86%	2.62%
TRSY Xtrackers US 0-1 Year Treasury ETF	2.06%	3.25%

Correlation

The correlation between IBGB and TRSY is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025	0.14

Return for Risk

IBGB vs. TRSY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IBGB

IBGB Risk / Return Rank: 9
IBGB Sharpe Ratio Rank: 10
IBGB Sortino Ratio Rank: 9
IBGB Omega Ratio Rank: 9
IBGB Calmar Ratio Rank: 10
IBGB Martin Ratio Rank: 10

TRSY

TRSY Risk / Return Rank: 99
TRSY Sharpe Ratio Rank: 99
TRSY Sortino Ratio Rank: 99
TRSY Omega Ratio Rank: 99
TRSY Calmar Ratio Rank: 100
TRSY Martin Ratio Rank: 100

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IBGB vs. TRSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2045 Term Treasury ETF (IBGB) and Xtrackers US 0-1 Year Treasury ETF (TRSY). 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	TRSY	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	10.06	-10.10
Sortino ratio: Return per unit of downside risk	0.01	25.74	-25.73
Omega ratio: Gain probability vs. loss probability	1.00	6.05	-5.05
Calmar ratio: Return relative to maximum drawdown	-0.04	57.72	-57.76
Martin ratio: Return relative to average drawdown	-0.08	342.18	-342.26

IBGB vs. TRSY - Sharpe Ratio Comparison

The current IBGB Sharpe Ratio is -0.03, which is lower than the TRSY Sharpe Ratio of 10.06. The chart below compares the historical Sharpe Ratios of IBGB and TRSY, 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. TRSY - Drawdown Comparison

The maximum IBGB drawdown since its inception was -8.09%, which is greater than TRSY's maximum drawdown of -0.82%. Use the drawdown chart below to compare losses from any high point for IBGB and TRSY.

Drawdown Indicators

	IBGB	TRSY	Difference
Max Drawdown Largest peak-to-trough decline	-8.09%	-0.82%	-7.27%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-0.07%	-6.72%
Current Drawdown Current decline from peak	-5.59%	0.00%	-5.59%
Average Drawdown Average peak-to-trough decline	-3.31%	-0.06%	-3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	0.01%	+3.06%

Volatility

IBGB vs. TRSY - Volatility Comparison

iShares iBonds Dec 2045 Term Treasury ETF (IBGB) has a higher volatility of 2.36% compared to Xtrackers US 0-1 Year Treasury ETF (TRSY) at 0.12%. This indicates that IBGB's price experiences larger fluctuations and is considered to be riskier than TRSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBGB	TRSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	0.12%	+2.24%
Volatility (6M) Calculated over the trailing 6-month period	6.21%	0.25%	+5.96%
Volatility (1Y) Calculated over the trailing 1-year period	8.02%	0.38%	+7.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.37%	1.07%	+8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.37%	1.07%	+8.30%

IBGB vs. TRSY - Expense Ratio Comparison

IBGB has a 0.07% expense ratio, which is higher than TRSY's 0.06% 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

IBGB vs. TRSY - Dividend Comparison

IBGB's dividend yield for the trailing twelve months is around 4.74%, more than TRSY's 3.54% yield.

Position	TTM	2025	2024
IBGB iShares iBonds Dec 2045 Term Treasury ETF	4.74%	3.53%	0.00%
TRSY Xtrackers US 0-1 Year Treasury ETF	3.54%	4.00%	0.96%

Frequently Asked Questions

Can I hold both IBGB and TRSY in my portfolio?

IBGB and TRSY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBGB or TRSY?

IBGB has higher volatility (2.36%) compared to TRSY (0.12%). In terms of maximum drawdown, IBGB dropped -8.09% vs TRSY's -0.82%.

Which ETF is better, IBGB or TRSY?

On 1-year performance, TRSY leads with 3.81% vs -0.26% for IBGB. On fees, TRSY is cheaper at 0.06% per year. On volatility, TRSY has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBGB or TRSY?

Over the 1-year period, TRSY has performed better with a 3.81% return vs -0.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBGB or TRSY?

TRSY is cheaper with a 0.06% expense ratio, compared with 0.07% for IBGB.

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

IBGB has the higher dividend yield at 4.74%, compared with 3.54% for TRSY.

What is the main difference between IBGB and TRSY?

IBGB tracks ICE 2045 Maturity US Treasury Index, while TRSY tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for IBGB and 0.06% for TRSY.

Which has better risk-adjusted returns?

TRSY currently has the higher Sharpe Ratio (10.06 vs -0.03), 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.