IBGK vs. IVV

Last updated Aug 4, 2026

IBGK (iShares iBonds Dec 2054 Term Treasury ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - IBGK is a Long-Term Bond fund tracking the ICE 2054 Maturity US Treasury Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, IBGK returned -1.96% vs 23.34% for IVV. Their 0.14 correlation means their historical movements had little consistent relationship. IBGK charges 0.07%/yr vs 0.03%/yr for IVV.

Performance

IBGK vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2054 Term Treasury ETF (IBGK) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBGK achieves a -3.18% return, which is significantly lower than IVV's 11.75% return.

IBGK

• 1D: 0.42%
• 1M: -3.43%
• 6M: -2.71%
• YTD: -3.18%
• 1Y: -1.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.45%

IVV

• 1D: 1.47%
• 1M: 1.72%
• 6M: 9.57%
• YTD: 11.75%
• 1Y: 23.34%
• 3Y*: 20.85%
• 5Y*: 13.13%
• 10Y*: 15.14%
• ALL TIME*: 8.51%

*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)
IBGK iShares iBonds Dec 2054 Term Treasury ETF	$14.80K	$17.29K	$31.57K
IVV iShares Core S&P 500 ETF	$3.33B	$3.25B	$5.92B

IBGK vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBGK iShares iBonds Dec 2054 Term Treasury ETF	-3.18%	3.66%	-3.44%
IVV iShares Core S&P 500 ETF	11.75%	17.85%	10.22%

Correlation

The correlation between IBGK and IVV is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024	0.14

Return for Risk

IBGK vs. IVV — Risk / Return Rank

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

IBGK

IBGK Risk / Return Rank: 7
IBGK Sharpe Ratio Rank: 8
IBGK Sortino Ratio Rank: 7
IBGK Omega Ratio Rank: 7
IBGK Calmar Ratio Rank: 7
IBGK Martin Ratio Rank: 7

IVV

IVV Risk / Return Rank: 78
IVV Sharpe Ratio Rank: 79
IVV Sortino Ratio Rank: 77
IVV Omega Ratio Rank: 78
IVV Calmar Ratio Rank: 74
IVV Martin Ratio Rank: 83

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.

IBGK vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2054 Term Treasury ETF (IBGK) and iShares Core S&P 500 ETF (IVV). 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	IVV	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	1.82	-2.05
Sortino ratio: Return per unit of downside risk	-0.25	2.51	-2.77
Omega ratio: Gain probability vs. loss probability	0.97	1.33	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.26	2.64	-2.90
Martin ratio: Return relative to average drawdown	-0.57	11.23	-11.80

IBGK vs. IVV - Sharpe Ratio Comparison

The current IBGK Sharpe Ratio is -0.22, which is lower than the IVV Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of IBGK and IVV, 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

IBGK vs. IVV - Drawdown Comparison

The maximum IBGK drawdown since its inception was -14.62%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IBGK and IVV.

Drawdown Indicators

	IBGK	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-14.62%	-55.25%	+40.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.48%	-8.89%	+1.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-11.76%	0.00%	-11.76%
Average Drawdown Average peak-to-trough decline	-8.15%	-10.72%	+2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	2.08%	+1.36%

Volatility

IBGK vs. IVV - Volatility Comparison

The current volatility for iShares iBonds Dec 2054 Term Treasury ETF (IBGK) is 2.45%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.81%. This indicates that IBGK experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBGK	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	3.81%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	6.58%	10.27%	-3.69%
Volatility (1Y) Calculated over the trailing 1-year period	8.86%	12.87%	-4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.62%	17.03%	-5.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.62%	18.07%	-6.45%

IBGK vs. IVV - Expense Ratio Comparison

IBGK has a 0.07% expense ratio, which is higher than IVV's 0.03% 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

IBGK vs. IVV - Dividend Comparison

IBGK's dividend yield for the trailing twelve months is around 4.84%, more than IVV's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBGK iShares iBonds Dec 2054 Term Treasury ETF	4.84%	4.59%	3.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IVV iShares Core S&P 500 ETF	1.08%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

Frequently Asked Questions

Can I hold both IBGK and IVV in my portfolio?

IBGK and IVV have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBGK or IVV?

IVV has higher volatility (3.81%) compared to IBGK (2.45%). In terms of maximum drawdown, IBGK dropped -14.62% vs IVV's -55.25%.

Which ETF is better, IBGK or IVV?

On 1-year performance, IVV leads with 23.34% vs -1.96% for IBGK. On fees, IVV is cheaper at 0.03% per year. On volatility, IBGK has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBGK or IVV?

Over the 1-year period, IVV has performed better with a 23.34% return vs -1.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBGK or IVV?

IVV is cheaper with a 0.03% expense ratio, compared with 0.07% for IBGK.

Which ETF pays a higher dividend yield, IBGK or IVV?

IBGK has the higher dividend yield at 4.84%, compared with 1.08% for IVV.

What is the main difference between IBGK and IVV?

IBGK is categorized as Long-Term Bond, while IVV is S&P 500. IBGK tracks ICE 2054 Maturity US Treasury Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.07% for IBGK and 0.03% for IVV.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (1.82 vs -0.22), 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.