IBTF vs. UFIV
IBTF (iShares iBonds Dec 2025 Term Treasury ETF) and UFIV (F/m US Treasury 5 Year Note ETF) are both Government Bonds funds - IBTF tracks the ICE 2025 Maturity US Treasury Index while UFIV tracks the ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, IBTF returned 3.77%/yr vs 3.33%/yr for UFIV. At a 0.49 correlation, their price movements are largely independent. IBTF charges 0.07%/yr vs 0.15%/yr for UFIV.
Performance
IBTF vs. UFIV - 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*
- 3.77%
- 5Y*
- 0.96%
- 10Y*
- —
UFIV
- 1D
- 0.25%
- 1M
- 0.75%
- YTD
- -0.50%
- 6M
- -0.65%
- 1Y
- 2.62%
- 3Y*
- 3.33%
- 5Y*
- —
- 10Y*
- —
IBTF vs. UFIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 0.00% | 3.81% | 4.60% | 2.32% |
UFIV F/m US Treasury 5 Year Note ETF | -0.50% | 6.89% | 1.09% | 1.80% |
Correlation
The correlation between IBTF and UFIV is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.49 |
The correlation between IBTF and UFIV shifts across timeframes, from -0.06 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTF vs. UFIV — Risk / Return Rank
IBTF
UFIV
IBTF vs. UFIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) and F/m US Treasury 5 Year Note ETF (UFIV). 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 | UFIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.92 | ||
| Sortino ratioReturn per unit of downside risk | +18.20 | ||
| Omega ratioGain probability vs. loss probability | 6.26 | 1.14 | +5.11 |
| Calmar ratioReturn relative to maximum drawdown | 53.32 | 0.97 | +52.35 |
| Martin ratioReturn relative to average drawdown | 269.65 | 2.63 | +267.02 |
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Drawdowns
IBTF vs. UFIV - Drawdown Comparison
The maximum IBTF drawdown since its inception was -10.45%, which is greater than UFIV's maximum drawdown of -5.63%. Use the drawdown chart below to compare losses from any high point for IBTF and UFIV.
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Drawdown Indicators
| IBTF | UFIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.45% | -5.63% | -4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -2.71% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -4.03% | +3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -9.53% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.98% | +1.98% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -1.56% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.00% | -0.99% |
Volatility
IBTF vs. UFIV - Volatility Comparison
The current volatility for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) is 0.00%, while F/m US Treasury 5 Year Note ETF (UFIV) has a volatility of 1.05%. This indicates that IBTF experiences smaller price fluctuations and is considered to be less risky than UFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTF | UFIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.05% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.15% | 2.35% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.35% | 3.18% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.37% | 4.37% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.55% | 4.37% | -1.82% |
IBTF vs. UFIV - Expense Ratio Comparison
IBTF has a 0.07% expense ratio, which is lower than UFIV'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
IBTF vs. UFIV - Dividend Comparison
IBTF's dividend yield for the trailing twelve months is around 2.08%, less than UFIV's 3.57% 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% |
UFIV F/m US Treasury 5 Year Note ETF | 3.57% | 3.66% | 4.00% | 2.96% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTF and UFIV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFIV has higher volatility (1.05%) compared to IBTF (0.00%). In terms of maximum drawdown, IBTF dropped -10.45% vs UFIV's -5.63%.
On 3-year performance, IBTF leads with 3.77% vs 3.33% for UFIV. On fees, IBTF is cheaper at 0.07% per year. 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 3-year period, IBTF has performed better with a 3.77% return vs 3.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTF is cheaper with a 0.07% expense ratio, compared with 0.15% for UFIV.
UFIV has the higher dividend yield at 3.57%, compared with 2.08% for IBTF.
IBTF tracks ICE 2025 Maturity US Treasury Index, while UFIV tracks ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross. They also come from different issuers: iShares and US Benchmark Series. Their fees differ too: 0.07% for IBTF and 0.15% for UFIV.
IBTF currently has the higher Sharpe Ratio (6.75 vs 0.83), 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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