IBTH vs. BND
IBTH (iShares iBonds Dec 2027 Term Treasury ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - IBTH is a Government Bonds fund tracking the ICE 2027 Maturity US Treasury Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 5 years, IBTH returned 0.55%/yr vs 0.20%/yr for BND. Their correlation of 0.82 suggests significant overlap in exposure. IBTH charges 0.07%/yr vs 0.03%/yr for BND.
Performance
IBTH vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, IBTH achieves a 0.94% return, which is significantly higher than BND's 0.46% return.
IBTH
- 1D
- -0.02%
- 1M
- 0.18%
- YTD
- 0.94%
- 6M
- 1.33%
- 1Y
- 3.81%
- 3Y*
- 3.93%
- 5Y*
- 0.55%
- 10Y*
- —
BND
- 1D
- 0.03%
- 1M
- 0.12%
- YTD
- 0.46%
- 6M
- 0.46%
- 1Y
- 5.19%
- 3Y*
- 4.03%
- 5Y*
- 0.20%
- 10Y*
- 1.60%
IBTH vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 0.94% | 5.29% | 3.22% | 4.38% | -9.75% | -3.43% | 4.20% |
BND Vanguard Total Bond Market ETF | 0.46% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 3.89% |
Correlation
The correlation between IBTH and BND is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.82 |
The correlation between IBTH and BND shifts across timeframes, from 0.67 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBTH vs. BND — Risk / Return Rank
IBTH
BND
IBTH vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) and Vanguard Total Bond Market ETF (BND). 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.
| IBTH | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.44 | 1.38 | +2.06 |
Sortino ratioReturn per unit of downside risk | 6.25 | 2.07 | +4.19 |
Omega ratioGain probability vs. loss probability | 1.88 | 1.24 | +0.63 |
Calmar ratioReturn relative to maximum drawdown | 9.82 | 1.85 | +7.96 |
Martin ratioReturn relative to average drawdown | 38.04 | 5.66 | +32.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTH | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.44 | 1.38 | +2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.03 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.59 | -0.44 |
Drawdowns
IBTH vs. BND - Drawdown Comparison
The maximum IBTH drawdown since its inception was -16.16%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for IBTH and BND.
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Drawdown Indicators
| IBTH | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.16% | -18.58% | +2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -2.68% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -2.10% | -5.92% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -14.41% | -17.91% | +3.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.34% | -2.18% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -3.06% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 0.88% | -0.78% |
Volatility
IBTH vs. BND - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is 0.19%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.26%. This indicates that IBTH experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTH | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 1.26% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 2.68% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.12% | 3.78% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.20% | 6.02% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 5.53% | -1.32% |
IBTH vs. BND - Expense Ratio Comparison
IBTH has a 0.07% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBTH vs. BND - Dividend Comparison
IBTH's dividend yield for the trailing twelve months is around 3.83%, less than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 3.83% | 3.92% | 4.04% | 3.61% | 2.00% | 0.77% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTH and BND have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND has higher volatility (1.26%) compared to IBTH (0.19%). In terms of maximum drawdown, IBTH dropped -16.16% vs BND's -18.58%.
On 5-year performance, IBTH leads with 0.55% vs 0.20% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, IBTH has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBTH has performed better with a 0.55% return vs 0.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.07% for IBTH.
BND has the higher dividend yield at 3.96%, compared with 3.83% for IBTH.
IBTH is categorized as Government Bonds, while BND is Total Bond Market. IBTH tracks ICE 2027 Maturity US Treasury Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IBTH and 0.03% for BND.
IBTH currently has the higher Sharpe Ratio (3.44 vs 1.38), 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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