IBTE vs. BNDD

Last updated Jun 4, 2026

IBTE (iShares iBonds Dec 2024 Term Treasury ETF) and BNDD (Quadratic Deflation ETF) are both Government Bonds funds. IBTE is passively managed, while BNDD is actively managed. IBTE charges 0.07%/yr vs 1.02%/yr for BNDD.

Performance

IBTE vs. BNDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2024 Term Treasury ETF (IBTE) and Quadratic Deflation ETF (BNDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBTE

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

BNDD

• 1D: -0.08%
• 1M: 1.37%
• YTD: 4.32%
• 6M: 2.24%
• 1Y: 3.39%
• 3Y*: -3.91%
• 5Y*: —
• 10Y*: —

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

IBTE vs. BNDD - Yearly Performance Comparison

	2026 (YTD)
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%
BNDD Quadratic Deflation ETF	4.95%

Return for Risk

IBTE vs. BNDD — Risk / Return Rank

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

BNDD

BNDD Risk / Return Rank: 14
BNDD Sharpe Ratio Rank: 13
BNDD Sortino Ratio Rank: 12
BNDD Omega Ratio Rank: 12
BNDD Calmar Ratio Rank: 16
BNDD Martin Ratio Rank: 15

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.

IBTE vs. BNDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Treasury ETF (IBTE) and Quadratic Deflation ETF (BNDD). 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

	IBTE	BNDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.33	—

Drawdowns

IBTE vs. BNDD - Drawdown Comparison

The maximum IBTE drawdown since its inception was 0.00%, smaller than the maximum BNDD drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for IBTE and BNDD.

Drawdown Indicators

	IBTE	BNDD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-30.87%	+30.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.09%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.75%	—
Current Drawdown Current decline from peak	0.00%	-26.51%	+26.51%
Average Drawdown Average peak-to-trough decline	0.00%	-19.34%	+19.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.83%	—

Volatility

Volatility by Period

	IBTE	BNDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	10.59%	-10.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	13.38%	-13.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	13.38%	-13.38%

IBTE vs. BNDD - Expense Ratio Comparison

IBTE has a 0.07% expense ratio, which is lower than BNDD's 1.02% expense ratio.

Dividends

IBTE vs. BNDD - Dividend Comparison

IBTE has not paid dividends to shareholders, while BNDD's dividend yield for the trailing twelve months is around 3.61%.

Position	TTM	2025	2024	2023	2022	2021
BNDD Quadratic Deflation ETF	3.61%	3.82%	3.85%	4.30%	43.17%	1.04%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IBTE or BNDD?

On fees, IBTE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBTE or BNDD?

IBTE is cheaper with a 0.07% expense ratio, compared with 1.02% for BNDD.

Which ETF pays a higher dividend yield, IBTE or BNDD?

BNDD has the higher dividend yield at 3.61%, compared with 0.00% for IBTE.

What is the main difference between IBTE and BNDD?

They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.07% for IBTE and 1.02% for BNDD.