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IBGM vs. IBTF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IBGM vs. IBTF

Last updated Jul 1, 2026
See Documentation

IBGM (iShares iBonds Dec 2056 Term Treasury ETF) and IBTF (iShares iBonds Dec 2025 Term Treasury ETF) are both Government Bonds funds from iShares - IBGM tracks the ICE 2056 Maturity US Treasury Index while IBTF tracks the ICE 2025 Maturity US Treasury Index. Both are passively managed. Both charge a 0.07% expense ratio.

Performance

IBGM vs. IBTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2056 Term Treasury ETF (IBGM) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

IBGM

1D
-1.17%
1M
1.41%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

IBTF

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
1.83%
3Y*
3.84%
5Y*
0.96%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBGM vs. IBTF - Yearly Performance Comparison

2026 (YTD)
IBGM
iShares iBonds Dec 2056 Term Treasury ETF		1.45%
IBTF
iShares iBonds Dec 2025 Term Treasury ETF		0.00%

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iShares iBonds Dec 2056 Term Treasury ETF

iShares iBonds Dec 2025 Term Treasury ETF

Often compared with IBGM:
IBGM vs. IAUIBGM vs. BNDDIBGM vs. GBILIBGM vs. USFRIBGM vs. ACWIIBGM vs. TLTIBGM vs. DGRO
Often compared with IBTF:
IBTF vs. SGOVIBTF vs. IBTGIBTF vs. TLTIBTF vs. USFRIBTF vs. FTABXIBTF vs. MBBIBTF vs. BND

Return for Risk

IBGM vs. IBTF — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IBTF
IBTF Risk / Return Rank: 9999
Overall Rank
IBTF Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
IBTF Sortino Ratio Rank: 9999
Sortino Ratio Rank
IBTF Omega Ratio Rank: 9999
Omega Ratio Rank
IBTF Calmar Ratio Rank: 9999
Calmar Ratio Rank
IBTF Martin Ratio Rank: 9999
Martin Ratio Rank
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.

IBGM vs. IBTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2056 Term Treasury ETF (IBGM) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF). 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.

IBGMIBTFDifference
Sharpe ratioReturn per unit of total volatility

—

6.65

—

Sortino ratioReturn per unit of downside risk

—

20.27

—

Omega ratioGain probability vs. loss probability

—

6.69

—

Calmar ratioReturn relative to maximum drawdown

—

50.89

—

Martin ratioReturn relative to average drawdown

—

274.39

—

IBGM vs. IBTF - Sharpe Ratio Comparison

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Drawdowns

IBGM vs. IBTF - Drawdown Comparison

The maximum IBGM drawdown since its inception was -4.36%, smaller than the maximum IBTF drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for IBGM and IBTF.

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Drawdown Indicators

IBGMIBTFDifference

Max Drawdown

Largest peak-to-trough decline

-4.36%

-10.45%

+6.09%

Max Drawdown (1Y)

Largest decline over 1 year

—

-0.04%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-0.43%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-9.53%

—

Current Drawdown

Current decline from peak

-1.17%

0.00%

-1.17%

Average Drawdown

Average peak-to-trough decline

-1.09%

-3.29%

+2.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

0.01%

—

Volatility

IBGM vs. IBTF - Volatility Comparison

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Volatility by Period

IBGMIBTFDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

0.00%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

0.14%

—

Volatility (1Y)

Calculated over the trailing 1-year period

8.64%

0.33%

+8.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.64%

2.37%

+6.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.64%

2.54%

+6.10%

IBGM vs. IBTF - Expense Ratio Comparison

Both IBGM and IBTF 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

IBGM vs. IBTF - Dividend Comparison

IBGM's dividend yield for the trailing twelve months is around 0.80%, less than IBTF's 2.08% yield.

PositionTTM202520242023202220212020
IBGM
iShares iBonds Dec 2056 Term Treasury ETF		0.80%0.00%0.00%0.00%0.00%0.00%0.00%
IBTF
iShares iBonds Dec 2025 Term Treasury ETF		2.08%3.83%4.32%4.03%1.93%0.57%0.59%

Frequently Asked Questions

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

IBGM and IBTF have the same expense ratio: 0.07% per year.

IBTF has the higher dividend yield at 2.08%, compared with 0.80% for IBGM.

IBGM tracks ICE 2056 Maturity US Treasury Index, while IBTF tracks ICE 2025 Maturity US Treasury Index.

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