IBMQ vs. IVV
IBMQ (iShares iBonds Dec 2028 Term Muni Bond ETF) and IVV (iShares Core S&P 500 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 IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, IBMQ returned 0.35%/yr vs 12.82%/yr for IVV. Their 0.06 correlation means their historical movements had little consistent relationship. IBMQ charges 0.18%/yr vs 0.03%/yr for IVV.
Performance
IBMQ vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, IBMQ achieves a 0.90% return, which is significantly lower than IVV's 10.13% return.
IBMQ
- 1D
- 0.04%
- 1M
- -0.16%
- 6M
- 0.41%
- YTD
- 0.90%
- 1Y
- 2.02%
- 3Y*
- 2.88%
- 5Y*
- 0.35%
- 10Y*
- —
- ALL TIME*
- 1.95%
IVV
- 1D
- 0.69%
- 1M
- 0.25%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.55%
- 3Y*
- 19.40%
- 5Y*
- 12.82%
- 10Y*
- 15.11%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.97M | $1.98M | $1.89M | |
| $3.36B | $3.31B | $5.91B |
IBMQ vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 0.90% | 4.09% | 0.71% | 4.00% | -6.73% | -0.26% | 6.93% | 5.24% |
IVV iShares Core S&P 500 ETF | 10.13% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 12.74% |
Correlation
The correlation between IBMQ and IVV is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019 | 0.06 |
The correlation between IBMQ and IVV shifts across timeframes, from 0.06 (all time) to 0.16 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBMQ vs. IVV — Risk / Return Rank
IBMQ
IVV
IBMQ vs. IVV - 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 iShares Core S&P 500 ETF (IVV). 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.
| IBMQ | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.21 | -0.12 |
| Martin ratioReturn relative to average drawdown | 5.46 | 9.43 | -3.97 |
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Drawdowns
IBMQ vs. IVV - Drawdown Comparison
The maximum IBMQ drawdown since its inception was -15.85%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IBMQ and IVV.
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Drawdown Indicators
| IBMQ | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.85% | -55.25% | +39.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.13% | -8.89% | +7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -2.64% | -18.75% | +16.11% |
Max Drawdown (5Y)Largest decline over 5 years | -11.45% | -24.53% | +13.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.41% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -10.72% | +7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 2.09% | -1.66% |
Volatility
IBMQ vs. IVV - Volatility Comparison
The current volatility for iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) is 0.37%, while iShares Core S&P 500 ETF (IVV) has a volatility of 3.52%. This indicates that IBMQ experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBMQ | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.37% | 3.52% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 0.88% | 10.18% | -9.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 12.89% | -11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 17.01% | -14.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 18.06% | -12.57% |
IBMQ vs. IVV - Expense Ratio Comparison
IBMQ has a 0.18% expense ratio, which is higher than IVV's 0.03% 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%.
Dividends
IBMQ vs. IVV - Dividend Comparison
IBMQ's dividend yield for the trailing twelve months is around 2.45%, more than IVV's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBMQ iShares iBonds Dec 2028 Term Muni Bond ETF | 2.24% | 2.43% | 2.33% | 1.93% | 1.25% | 1.05% | 1.24% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
IBMQ and IVV have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (3.52%) compared to IBMQ (0.37%). In terms of maximum drawdown, IBMQ dropped -15.85% vs IVV's -55.25%.
On 5-year performance, IVV leads with 12.82% vs 0.35% for IBMQ. On fees, IVV is cheaper at 0.03% per year. On volatility, IBMQ has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IVV has performed better with a 12.82% return vs 0.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.18% for IBMQ.
IBMQ has the higher dividend yield at 2.24%, compared with 1.09% for IVV.
IBMQ is categorized as Municipal Bonds, while IVV is S&P 500. IBMQ tracks S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.18% for IBMQ and 0.03% for IVV.
IBMQ currently has the higher Sharpe Ratio (1.95 vs 1.53), 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.
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