IBTE vs. IEF

Last updated Jun 5, 2026

IBTE (iShares iBonds Dec 2024 Term Treasury ETF) and IEF (iShares 7-10 Year Treasury Bond ETF) are both Government Bonds funds from iShares - IBTE tracks the ICE 2024 Maturity US Treasury Index while IEF tracks the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. IBTE charges 0.07%/yr vs 0.15%/yr for IEF.

Performance

IBTE vs. IEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2024 Term Treasury ETF (IBTE) and iShares 7-10 Year Treasury Bond ETF (IEF). 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*: —

IEF

• 1D: 0.13%
• 1M: -0.10%
• YTD: -0.53%
• 6M: -0.73%
• 1Y: 3.44%
• 3Y*: 2.52%
• 5Y*: -1.11%
• 10Y*: 0.67%

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

IBTE vs. IEF - Yearly Performance Comparison

	2026 (YTD)
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%
IEF iShares 7-10 Year Treasury Bond ETF	-0.76%

Return for Risk

IBTE vs. IEF — Risk / Return Rank

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

IEF

IEF Risk / Return Rank: 21
IEF Sharpe Ratio Rank: 22
IEF Sortino Ratio Rank: 21
IEF Omega Ratio Rank: 20
IEF Calmar Ratio Rank: 20
IEF Martin Ratio Rank: 21

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. IEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Treasury ETF (IBTE) and iShares 7-10 Year Treasury Bond ETF (IEF). 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	IEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.73	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.50	—

Drawdowns

IBTE vs. IEF - Drawdown Comparison

The maximum IBTE drawdown since its inception was 0.00%, smaller than the maximum IEF drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for IBTE and IEF.

Drawdown Indicators

	IBTE	IEF	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-23.93%	+23.93%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.07%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.93%	—
Current Drawdown Current decline from peak	0.00%	-11.23%	+11.23%
Average Drawdown Average peak-to-trough decline	0.00%	-5.35%	+5.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.38%	—

Volatility

Volatility by Period

	IBTE	IEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.34%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	4.78%	-4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	7.71%	-7.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	6.62%	-6.62%

IBTE vs. IEF - Expense Ratio Comparison

IBTE has a 0.07% expense ratio, which is lower than IEF's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IBTE vs. IEF - Dividend Comparison

IBTE has not paid dividends to shareholders, while IEF's dividend yield for the trailing twelve months is around 3.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IEF iShares 7-10 Year Treasury Bond ETF	3.90%	3.77%	3.62%	2.91%	1.96%	0.83%	1.08%	2.08%	2.24%	1.82%	1.81%	1.90%

Frequently Asked Questions

Which ETF is better, IBTE or IEF?

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 IEF?

IBTE is cheaper with a 0.07% expense ratio, compared with 0.15% for IEF.

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

IEF has the higher dividend yield at 3.90%, compared with 0.00% for IBTE.

What is the main difference between IBTE and IEF?

IBTE tracks ICE 2024 Maturity US Treasury Index, while IEF tracks ICE U.S. Treasury 7-10 Year Bond Index. Their fees differ too: 0.07% for IBTE and 0.15% for IEF.