IBGK vs. UTWY
Compare and contrast key facts about iShares iBonds Dec 2054 Term Treasury ETF (IBGK) and F/m US Treasury 20 Year Bond ETF (UTWY).
IBGK and UTWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBGK is a passively managed fund by iShares that tracks the performance of the ICE 2054 Maturity US Treasury Index. It was launched on Jun 11, 2024. UTWY is a passively managed fund by F/m Investments that tracks the performance of the Bloomberg US Treasury Bellwether 20 Year Index. It was launched on Mar 27, 2023. Both IBGK and UTWY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IBGK vs. UTWY - Performance Comparison
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IBGK vs. UTWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBGK iShares iBonds Dec 2054 Term Treasury ETF | 0.24% | 3.66% | -2.73% |
UTWY F/m US Treasury 20 Year Bond ETF | -0.15% | 4.82% | -1.70% |
Returns By Period
In the year-to-date period, IBGK achieves a 0.24% return, which is significantly higher than UTWY's -0.15% return.
IBGK
- 1D
- 0.03%
- 1M
- -3.81%
- YTD
- 0.24%
- 6M
- -0.56%
- 1Y
- -0.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTWY
- 1D
- 0.26%
- 1M
- -3.75%
- YTD
- -0.15%
- 6M
- -0.31%
- 1Y
- 0.62%
- 3Y*
- -1.22%
- 5Y*
- —
- 10Y*
- —
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IBGK vs. UTWY - Expense Ratio Comparison
IBGK has a 0.07% expense ratio, which is lower than UTWY's 0.15% 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%.
Return for Risk
IBGK vs. UTWY — Risk / Return Rank
IBGK
UTWY
IBGK vs. UTWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2054 Term Treasury ETF (IBGK) and F/m US Treasury 20 Year Bond ETF (UTWY). 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.
| IBGK | UTWY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 0.07 | -0.10 |
Sortino ratioReturn per unit of downside risk | 0.04 | 0.15 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.02 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.17 | -0.10 |
Martin ratioReturn relative to average drawdown | 0.13 | 0.37 | -0.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBGK | UTWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.07 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.07 | +0.12 |
Correlation
The correlation between IBGK and UTWY is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IBGK vs. UTWY - Dividend Comparison
IBGK's dividend yield for the trailing twelve months is around 4.62%, less than UTWY's 5.07% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBGK iShares iBonds Dec 2054 Term Treasury ETF | 4.62% | 4.59% | 3.15% | 0.00% |
UTWY F/m US Treasury 20 Year Bond ETF | 5.07% | 4.62% | 4.56% | 2.94% |
Drawdowns
IBGK vs. UTWY - Drawdown Comparison
The maximum IBGK drawdown since its inception was -14.62%, smaller than the maximum UTWY drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for IBGK and UTWY.
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Drawdown Indicators
| IBGK | UTWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.62% | -18.19% | +3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.29% | -7.47% | -1.82% |
Current DrawdownCurrent decline from peak | -8.64% | -5.56% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -7.09% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 3.40% | +1.07% |
Volatility
IBGK vs. UTWY - Volatility Comparison
iShares iBonds Dec 2054 Term Treasury ETF (IBGK) has a higher volatility of 3.56% compared to F/m US Treasury 20 Year Bond ETF (UTWY) at 3.39%. This indicates that IBGK's price experiences larger fluctuations and is considered to be riskier than UTWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGK | UTWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 3.39% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.31% | 5.55% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 9.32% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.13% | 11.29% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.13% | 11.29% | +0.84% |