IBTF vs. IBTG
IBTF (iShares iBonds Dec 2025 Term Treasury ETF) and IBTG (iShares iBonds Dec 2026 Term Treasury ETF) are both Government Bonds funds from iShares - IBTF tracks the ICE 2025 Maturity US Treasury Index while IBTG tracks the ICE 2026 Maturity US Treasury Index. Both are passively managed. Over the past 5 years, IBTF returned 0.96%/yr vs 0.90%/yr for IBTG. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
IBTF vs. IBTG - Performance Comparison
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Returns By Period
IBTF
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 1.92%
- 3Y*
- 3.74%
- 5Y*
- 0.96%
- 10Y*
- —
IBTG
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- 1.60%
- 6M
- 1.66%
- 1Y
- 3.98%
- 3Y*
- 4.28%
- 5Y*
- 0.90%
- 10Y*
- —
IBTF vs. IBTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 0.00% | 3.81% | 4.60% | 4.12% | -6.39% | -2.31% | 3.85% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 1.60% | 4.40% | 3.97% | 4.34% | -8.18% | -3.04% | 4.23% |
Correlation
The correlation between IBTF and IBTG 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 (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.82 |
Over the past year, the correlation between IBTF and IBTG has dropped to 0.07 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
IBTF vs. IBTG — Risk / Return Rank
IBTF
IBTG
IBTF vs. IBTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) and iShares iBonds Dec 2026 Term Treasury ETF (IBTG). 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.
| IBTF | IBTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 6.26 | 4.27 | +1.98 |
| Calmar ratioReturn relative to maximum drawdown | 53.32 | 61.14 | -7.82 |
| Martin ratioReturn relative to average drawdown | 269.65 | 247.65 | +22.00 |
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Drawdowns
IBTF vs. IBTG - Drawdown Comparison
The maximum IBTF drawdown since its inception was -10.45%, smaller than the maximum IBTG drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for IBTF and IBTG.
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Drawdown Indicators
| IBTF | IBTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.45% | -13.62% | +3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -0.07% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -1.11% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -9.53% | -12.31% | +2.78% |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -4.86% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.02% | -0.01% |
Volatility
IBTF vs. IBTG - Volatility Comparison
The current volatility for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) is 0.00%, while iShares iBonds Dec 2026 Term Treasury ETF (IBTG) has a volatility of 0.12%. This indicates that IBTF experiences smaller price fluctuations and is considered to be less risky than IBTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTF | IBTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.12% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.15% | 0.30% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.34% | 0.51% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.37% | 3.25% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.55% | 3.44% | -0.89% |
IBTF vs. IBTG - Expense Ratio Comparison
Both IBTF and IBTG have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBTF vs. IBTG - Dividend Comparison
IBTF's dividend yield for the trailing twelve months is around 2.08%, less than IBTG's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 2.08% | 3.83% | 4.32% | 4.03% | 1.93% | 0.57% | 0.59% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.95% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% |
Frequently Asked Questions
IBTF and IBTG 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.
IBTG has higher volatility (0.12%) compared to IBTF (0.00%). In terms of maximum drawdown, IBTF dropped -10.45% vs IBTG's -13.62%.
On 5-year performance, IBTF leads with 0.96% vs 0.90% for IBTG. Both ETFs have the same 0.07% expense ratio. On volatility, IBTF has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBTF has performed better with a 0.96% return vs 0.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTF and IBTG have the same expense ratio: 0.07% per year.
IBTG has the higher dividend yield at 3.95%, compared with 2.08% for IBTF.
IBTF tracks ICE 2025 Maturity US Treasury Index, while IBTG tracks ICE 2026 Maturity US Treasury Index.
IBTG currently has the higher Sharpe Ratio (7.93 vs 6.75), 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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