IBMQ vs. BOBP

Last updated Jun 4, 2026

IBMQ (iShares iBonds Dec 2028 Term Muni Bond ETF) and BOBP (CORE16 Best of Breed Premier Index ETF) are both exchange-traded funds - IBMQ is a Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 Index, while BOBP is a Large Cap Blend Equities fund tracking the CORE16 Best of Breed Premier Index. Both are passively managed. Over the past year, IBMQ returned 3.49% vs 34.52% for BOBP. At a 0.07 correlation, their price movements are largely independent. IBMQ charges 0.18%/yr vs 0.70%/yr for BOBP.

Performance

IBMQ vs. BOBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) and CORE16 Best of Breed Premier Index ETF (BOBP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBMQ achieves a 0.69% return, which is significantly lower than BOBP's 24.96% return.

IBMQ

• 1D: -0.08%
• 1M: 0.16%
• YTD: 0.69%
• 6M: 1.27%
• 1Y: 3.49%
• 3Y*: 2.96%
• 5Y*: 0.48%
• 10Y*: —

BOBP

• 1D: 0.43%
• 1M: 9.07%
• YTD: 24.96%
• 6M: 24.49%
• 1Y: 34.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBMQ vs. BOBP - Yearly Performance Comparison

	2026 (YTD)	2025
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF	0.69%	3.31%
BOBP CORE16 Best of Breed Premier Index ETF	24.96%	8.50%

Correlation

The correlation between IBMQ and BOBP is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since May 22, 2025	0.07

Return for Risk

IBMQ vs. BOBP — Risk / Return Rank

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

IBMQ

IBMQ Risk / Return Rank: 77
IBMQ Sharpe Ratio Rank: 88
IBMQ Sortino Ratio Rank: 92
IBMQ Omega Ratio Rank: 91
IBMQ Calmar Ratio Rank: 64
IBMQ Martin Ratio Rank: 49

BOBP

BOBP Risk / Return Rank: 57
BOBP Sharpe Ratio Rank: 56
BOBP Sortino Ratio Rank: 54
BOBP Omega Ratio Rank: 57
BOBP Calmar Ratio Rank: 54
BOBP Martin Ratio Rank: 65

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.

IBMQ vs. BOBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) and CORE16 Best of Breed Premier Index ETF (BOBP). 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.

	IBMQ	BOBP	Difference
Sharpe ratio Return per unit of total volatility	2.91	1.88	+1.04
Sortino ratio Return per unit of downside risk	4.41	2.58	+1.83
Omega ratio Gain probability vs. loss probability	1.61	1.34	+0.26
Calmar ratio Return relative to maximum drawdown	3.11	2.65	+0.45
Martin ratio Return relative to average drawdown	8.20	11.75	-3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBMQ vs. BOBP - Sharpe Ratio Comparison

The current IBMQ Sharpe Ratio is 2.91, which is higher than the BOBP Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of IBMQ and BOBP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBMQ	BOBP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	1.88	+1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	1.89	-1.53

Drawdowns

IBMQ vs. BOBP - Drawdown Comparison

The maximum IBMQ drawdown since its inception was -15.85%, which is greater than BOBP's maximum drawdown of -13.06%. Use the drawdown chart below to compare losses from any high point for IBMQ and BOBP.

Drawdown Indicators

	IBMQ	BOBP	Difference
Max Drawdown Largest peak-to-trough decline	-15.85%	-13.06%	-2.79%
Max Drawdown (1Y) Largest decline over 1 year	-1.13%	-13.06%	+11.93%
Max Drawdown (3Y) Largest decline over 3 years	-3.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.51%	—	—
Current Drawdown Current decline from peak	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-3.26%	-1.63%	-1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	2.95%	-2.52%

Volatility

IBMQ vs. BOBP - Volatility Comparison

The current volatility for iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) is 0.34%, while CORE16 Best of Breed Premier Index ETF (BOBP) has a volatility of 7.11%. This indicates that IBMQ experiences smaller price fluctuations and is considered to be less risky than BOBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBMQ	BOBP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	7.11%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	0.88%	16.31%	-15.43%
Volatility (1Y) Calculated over the trailing 1-year period	1.21%	18.46%	-17.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.96%	18.27%	-15.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.55%	18.27%	-12.72%

IBMQ vs. BOBP - Expense Ratio Comparison

IBMQ has a 0.18% expense ratio, which is lower than BOBP's 0.70% expense ratio.

Dividends

IBMQ vs. BOBP - Dividend Comparison

IBMQ's dividend yield for the trailing twelve months is around 2.45%, less than BOBP's 2.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BOBP CORE16 Best of Breed Premier Index ETF	2.65%	3.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF	2.45%	2.43%	2.33%	1.93%	1.25%	1.05%	1.24%	1.03%

Frequently Asked Questions

Can I hold both IBMQ and BOBP in my portfolio?

IBMQ and BOBP have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBMQ or BOBP?

BOBP has higher volatility (7.11%) compared to IBMQ (0.34%). In terms of maximum drawdown, IBMQ dropped -15.85% vs BOBP's -13.06%.

Which ETF is better, IBMQ or BOBP?

On 1-year performance, BOBP leads with 34.52% vs 3.49% for IBMQ. On fees, IBMQ is cheaper at 0.18% per year. On volatility, IBMQ has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBMQ or BOBP?

Over the 1-year period, BOBP has performed better with a 34.52% return vs 3.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBMQ or BOBP?

IBMQ is cheaper with a 0.18% expense ratio, compared with 0.70% for BOBP.

Which ETF pays a higher dividend yield, IBMQ or BOBP?

BOBP has the higher dividend yield at 2.65%, compared with 2.45% for IBMQ.

What is the main difference between IBMQ and BOBP?

IBMQ is categorized as Municipal Bonds, while BOBP is Large Cap Blend Equities. IBMQ tracks S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 Index, while BOBP tracks CORE16 Best of Breed Premier Index. They also come from different issuers: iShares and Exchange Traded Concepts. Their fees differ too: 0.18% for IBMQ and 0.70% for BOBP.

Which has better risk-adjusted returns?

IBMQ currently has the higher Sharpe Ratio (2.91 vs 1.88), 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.