IBMM vs. IBMO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO).

IBMM and IBMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBMM is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Series Dec 2024 Index. It was launched on Mar 20, 2018. IBMO is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. It was launched on Apr 2, 2019. Both IBMM and IBMO 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

IBMM vs. IBMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). The values are adjusted to include any dividend payments, if applicable.

IBMM vs. IBMO - Yearly Performance Comparison

	2026 (YTD)
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF	0.15%

Returns By Period

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBMO

• 1D: -0.12%
• 1M: -0.10%
• YTD: 0.37%
• 6M: 1.09%
• 1Y: 2.69%
• 3Y*: 2.26%
• 5Y*: 0.67%
• 10Y*: —

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

IBMM vs. IBMO - Expense Ratio Comparison

Both IBMM and IBMO have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

IBMM

iShares iBonds Dec 2024 Term Muni Bond ETF

IBMO

iShares iBonds Dec 2026 Term Muni Bond ETF

Return for Risk

IBMM vs. IBMO — Risk / Return Rank

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

IBMO

IBMO Risk / Return Rank: 91
IBMO Sharpe Ratio Rank: 90
IBMO Sortino Ratio Rank: 92
IBMO Omega Ratio Rank: 93
IBMO Calmar Ratio Rank: 87
IBMO Martin Ratio Rank: 93

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.

IBMM vs. IBMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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.

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

Sharpe Ratios by Period

	IBMM	IBMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.96	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.40	—

Dividends

IBMM vs. IBMO - Dividend Comparison

IBMM has not paid dividends to shareholders, while IBMO's dividend yield for the trailing twelve months is around 2.37%.

	TTM	2025	2024	2023	2022	2021	2020	2019
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF	2.37%	2.37%	2.15%	1.65%	0.89%	0.62%	1.03%	1.01%

Drawdowns

IBMM vs. IBMO - Drawdown Comparison

The maximum IBMM drawdown since its inception was 0.00%, smaller than the maximum IBMO drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for IBMM and IBMO.

Drawdown Indicators

	IBMM	IBMO	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-14.77%	+14.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.86%	—
Current Drawdown Current decline from peak	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	0.00%	-2.38%	+2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.19%	—

Volatility

Volatility by Period

	IBMM	IBMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	1.38%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	2.18%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	4.57%	-4.57%