IBGK vs. BLTD
IBGK (iShares iBonds Dec 2054 Term Treasury ETF) and BLTD (Bluemonte Long Term Bond ETF) are both Long-Term Bond funds. Over the past year, IBGK returned 4.39% vs 5.09% for BLTD. With a 0.96 correlation, they move nearly in lockstep. IBGK charges 0.07%/yr vs 0.23%/yr for BLTD.
Performance
IBGK vs. BLTD - Performance Comparison
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Returns By Period
In the year-to-date period, IBGK achieves a 2.01% return, which is significantly higher than BLTD's 1.62% return.
IBGK
- 1D
- 1.33%
- 1M
- 3.58%
- YTD
- 2.01%
- 6M
- 1.14%
- 1Y
- 4.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BLTD
- 1D
- 0.77%
- 1M
- 2.25%
- YTD
- 1.62%
- 6M
- 1.07%
- 1Y
- 5.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBGK vs. BLTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBGK iShares iBonds Dec 2054 Term Treasury ETF | 2.01% | 3.39% |
BLTD Bluemonte Long Term Bond ETF | 1.62% | 3.76% |
Correlation
The correlation between IBGK 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 | 0.96 |
The correlation between IBGK and BLTD has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
IBGK vs. BLTD — Risk / Return Rank
IBGK
BLTD
IBGK vs. BLTD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2054 Term Treasury ETF (IBGK) 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.
| IBGK | BLTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.13 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.06 | -0.46 |
| Martin ratioReturn relative to average drawdown | 1.44 | 2.63 | -1.19 |
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Drawdowns
IBGK vs. BLTD - Drawdown Comparison
The maximum IBGK drawdown since its inception was -14.62%, which is greater than BLTD's maximum drawdown of -4.80%. Use the drawdown chart below to compare losses from any high point for IBGK and BLTD.
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Drawdown Indicators
| IBGK | BLTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.62% | -4.80% | -9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -4.80% | -2.49% |
Current DrawdownCurrent decline from peak | -7.03% | -1.16% | -5.87% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -1.60% | -6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.94% | +1.11% |
Volatility
IBGK vs. BLTD - Volatility Comparison
iShares iBonds Dec 2054 Term Treasury ETF (IBGK) has a higher volatility of 2.38% compared to Bluemonte Long Term Bond ETF (BLTD) at 1.82%. This indicates that IBGK'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.
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Volatility by Period
| IBGK | BLTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 1.82% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.43% | 5.09% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.15% | 6.86% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 6.85% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.76% | 6.85% | +4.91% |
IBGK vs. BLTD - Expense Ratio Comparison
IBGK 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
IBGK vs. BLTD - Dividend Comparison
IBGK's dividend yield for the trailing twelve months is around 4.61%, more than BLTD's 3.88% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BLTD Bluemonte Long Term Bond ETF | 3.88% | 2.48% | 0.00% |
IBGK iShares iBonds Dec 2054 Term Treasury ETF | 4.61% | 4.59% | 3.15% |
Frequently Asked Questions
With a correlation of 0.97, IBGK 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.
IBGK has higher volatility (2.38%) compared to BLTD (1.82%). In terms of maximum drawdown, IBGK dropped -14.62% vs BLTD's -4.80%.
On 1-year performance, BLTD leads with 5.09% vs 4.39% for IBGK. On fees, IBGK 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.
Over the 1-year period, BLTD has performed better with a 5.09% return vs 4.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGK is cheaper with a 0.07% expense ratio, compared with 0.23% for BLTD.
IBGK has the higher dividend yield at 4.61%, compared with 3.88% for BLTD.
They also come from different issuers: iShares and Bluemonte. Their fees differ too: 0.07% for IBGK and 0.23% for BLTD.
BLTD currently has the higher Sharpe Ratio (0.75 vs 0.48), 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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