IBMN vs. IBDQ

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) and iShares iBonds Dec 2025 Term Corporate ETF (IBDQ).

IBMN and IBDQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBMN is a passively managed fund by iShares that tracks the performance of the S&P AMT-Free Municipal Series Dec 2025 Index. It was launched on Nov 13, 2018. IBDQ is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2025 Maturity Corporate. It was launched on Mar 12, 2015. Both IBMN and IBDQ 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

IBMN vs. IBDQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) and iShares iBonds Dec 2025 Term Corporate ETF (IBDQ). The values are adjusted to include any dividend payments, if applicable.

IBMN vs. IBDQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IBMN iShares iBonds Dec 2025 Term Muni Bond ETF	0.00%	2.49%	2.33%	2.42%	-4.43%	-0.41%	4.83%	6.87%	2.91%
IBDQ iShares iBonds Dec 2025 Term Corporate ETF	0.00%	4.13%	5.12%	5.23%	-5.91%	-1.49%	8.27%	13.59%	0.72%

Returns By Period

IBMN

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.38%
• 1Y: 1.62%
• 3Y*: 2.01%
• 5Y*: 0.57%
• 10Y*: —

IBDQ

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

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

IBMN vs. IBDQ - Expense Ratio Comparison

IBMN has a 0.18% expense ratio, which is higher than IBDQ's 0.10% 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%.

IBMN

iShares iBonds Dec 2025 Term Muni Bond ETF

IBDQ

iShares iBonds Dec 2025 Term Corporate ETF

Return for Risk

IBMN vs. IBDQ — Risk / Return Rank

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

IBMN

IBMN Risk / Return Rank: 78
IBMN Sharpe Ratio Rank: 61
IBMN Sortino Ratio Rank: 63
IBMN Omega Ratio Rank: 92
IBMN Calmar Ratio Rank: 78
IBMN Martin Ratio Rank: 98

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.

IBMN vs. IBDQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) and iShares iBonds Dec 2025 Term Corporate ETF (IBDQ). 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.

	IBMN	IBDQ	Difference
Sharpe ratio Return per unit of total volatility	1.06	—	—
Sortino ratio Return per unit of downside risk	1.59	—	—
Omega ratio Gain probability vs. loss probability	1.40	—	—
Calmar ratio Return relative to maximum drawdown	2.14	—	—
Martin ratio Return relative to average drawdown	22.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBMN	IBDQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	—	—

Correlation

The correlation between IBMN and IBDQ is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IBMN vs. IBDQ - Dividend Comparison

IBMN's dividend yield for the trailing twelve months is around 1.68%, less than IBDQ's 3.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBMN iShares iBonds Dec 2025 Term Muni Bond ETF	1.68%	2.03%	2.03%	1.72%	0.97%	0.70%	1.11%	1.65%	0.23%	0.00%	0.00%	0.00%
IBDQ iShares iBonds Dec 2025 Term Corporate ETF	3.11%	3.77%	3.81%	3.27%	2.23%	2.07%	2.51%	3.21%	3.52%	3.28%	3.39%	2.64%

Drawdowns

Drawdown Indicators

	IBMN	IBDQ	Difference
Max Drawdown Largest peak-to-trough decline	-12.40%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-7.36%	—	—
Current Drawdown Current decline from peak	-0.05%	—	—
Average Drawdown Average peak-to-trough decline	-1.85%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	—	—

Volatility

Volatility by Period

	IBMN	IBDQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.91%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.82%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.94%	—	—