IBTE vs. TLH

Last updated Jun 5, 2026

IBTE (iShares iBonds Dec 2024 Term Treasury ETF) and TLH (iShares 10-20 Year Treasury Bond ETF) are both Government Bonds funds from iShares - IBTE tracks the ICE 2024 Maturity US Treasury Index while TLH tracks the ICE U.S. Treasury 10-20 Year Bond Index. Both are passively managed. IBTE charges 0.07%/yr vs 0.15%/yr for TLH.

Performance

IBTE vs. TLH - 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 10-20 Year Treasury Bond ETF (TLH). 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*: —

TLH

• 1D: 0.18%
• 1M: 0.38%
• YTD: -0.33%
• 6M: -0.83%
• 1Y: 4.09%
• 3Y*: 0.67%
• 5Y*: -3.77%
• 10Y*: -0.78%

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

IBTE vs. TLH - Yearly Performance Comparison

	2026 (YTD)
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%
TLH iShares 10-20 Year Treasury Bond ETF	-0.91%

Return for Risk

IBTE vs. TLH — Risk / Return Rank

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

TLH

TLH Risk / Return Rank: 17
TLH Sharpe Ratio Rank: 18
TLH Sortino Ratio Rank: 17
TLH Omega Ratio Rank: 16
TLH Calmar Ratio Rank: 17
TLH Martin Ratio Rank: 18

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. TLH - 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 10-20 Year Treasury Bond ETF (TLH). 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	TLH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.52	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.28	—

Drawdowns

IBTE vs. TLH - Drawdown Comparison

The maximum IBTE drawdown since its inception was 0.00%, smaller than the maximum TLH drawdown of -41.14%. Use the drawdown chart below to compare losses from any high point for IBTE and TLH.

Drawdown Indicators

	IBTE	TLH	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-41.14%	+41.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.14%	—
Current Drawdown Current decline from peak	0.00%	-29.69%	+29.69%
Average Drawdown Average peak-to-trough decline	0.00%	-10.76%	+10.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.36%	—

Volatility

Volatility by Period

	IBTE	TLH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	8.01%	-8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	12.69%	-12.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	11.19%	-11.19%

IBTE vs. TLH - Expense Ratio Comparison

IBTE has a 0.07% expense ratio, which is lower than TLH'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. TLH - Dividend Comparison

IBTE has not paid dividends to shareholders, while TLH's dividend yield for the trailing twelve months is around 4.47%.

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%
TLH iShares 10-20 Year Treasury Bond ETF	4.47%	4.17%	4.28%	3.83%	2.78%	1.50%	2.65%	2.31%	2.17%	1.83%	1.91%	2.13%

Frequently Asked Questions

Which ETF is better, IBTE or TLH?

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 TLH?

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

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

TLH has the higher dividend yield at 4.47%, compared with 0.00% for IBTE.

What is the main difference between IBTE and TLH?

IBTE tracks ICE 2024 Maturity US Treasury Index, while TLH tracks ICE U.S. Treasury 10-20 Year Bond Index. Their fees differ too: 0.07% for IBTE and 0.15% for TLH.