IBTH vs. IBDT
IBTH (iShares iBonds Dec 2027 Term Treasury ETF) and IBDT (iShares iBonds Dec 2028 Term Corporate ETF) are both exchange-traded funds - IBTH is a Government Bonds fund tracking the ICE 2027 Maturity US Treasury Index, while IBDT is a Corporate Bonds fund tracking the Bloomberg December 2028 Maturity Corporate Index. Both are passively managed. Over the past 5 years, IBTH returned 0.42%/yr vs 1.25%/yr for IBDT. A 0.76 correlation means they provide meaningful diversification when combined. IBTH charges 0.07%/yr vs 0.10%/yr for IBDT.
Performance
IBTH vs. IBDT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTH achieves a 1.03% return, which is significantly higher than IBDT's 0.92% return.
IBTH
- 1D
- -0.02%
- 1M
- 0.23%
- YTD
- 1.03%
- 6M
- 1.29%
- 1Y
- 3.81%
- 3Y*
- 4.16%
- 5Y*
- 0.42%
- 10Y*
- —
IBDT
- 1D
- 0.02%
- 1M
- 0.45%
- YTD
- 0.92%
- 6M
- 1.33%
- 1Y
- 4.61%
- 3Y*
- 5.76%
- 5Y*
- 1.25%
- 10Y*
- —
IBTH vs. IBDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 1.03% | 5.29% | 3.22% | 4.38% | -9.75% | -3.43% | 4.20% |
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 0.92% | 7.02% | 3.97% | 7.72% | -11.42% | -1.90% | 6.88% |
Correlation
The correlation between IBTH and IBDT is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.76 |
The correlation between IBTH and IBDT shifts across timeframes, from 0.65 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBTH vs. IBDT — Risk / Return Rank
IBTH
IBDT
IBTH vs. IBDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) and iShares iBonds Dec 2028 Term Corporate ETF (IBDT). 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.
| IBTH | IBDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.59 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 10.03 | 4.38 | +5.65 |
| Martin ratioReturn relative to average drawdown | 41.28 | 20.12 | +21.16 |
Loading charts...
Drawdowns
IBTH vs. IBDT - Drawdown Comparison
The maximum IBTH drawdown since its inception was -16.16%, smaller than the maximum IBDT drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for IBTH and IBDT.
Loading charts...
Drawdown Indicators
| IBTH | IBDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.16% | -17.79% | +1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | -1.03% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -2.09% | -3.19% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -14.41% | -17.68% | +3.27% |
Current DrawdownCurrent decline from peak | -1.25% | 0.00% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -6.69% | -4.15% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.22% | -0.13% |
Volatility
IBTH vs. IBDT - Volatility Comparison
The current volatility for iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is 0.20%, while iShares iBonds Dec 2028 Term Corporate ETF (IBDT) has a volatility of 0.44%. This indicates that IBTH experiences smaller price fluctuations and is considered to be less risky than IBDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTH | IBDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.44% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 0.54% | 1.07% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.03% | 1.61% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.19% | 5.07% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.20% | 6.36% | -2.16% |
IBTH vs. IBDT - Expense Ratio Comparison
IBTH has a 0.07% expense ratio, which is lower than IBDT's 0.10% 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
IBTH vs. IBDT - Dividend Comparison
IBTH's dividend yield for the trailing twelve months is around 3.82%, less than IBDT's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.54% | 4.56% | 4.67% | 4.10% | 3.25% | 2.45% | 2.80% | 3.32% | 1.47% |
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 3.82% | 3.92% | 4.04% | 3.61% | 2.00% | 0.77% | 0.50% | 0.00% | 0.00% |
Frequently Asked Questions
IBTH and IBDT have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDT has higher volatility (0.44%) compared to IBTH (0.20%). In terms of maximum drawdown, IBTH dropped -16.16% vs IBDT's -17.79%.
On 5-year performance, IBDT leads with 1.25% vs 0.42% for IBTH. On fees, IBTH is cheaper at 0.07% per year. On volatility, IBTH has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBDT has performed better with a 1.25% return vs 0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTH is cheaper with a 0.07% expense ratio, compared with 0.10% for IBDT.
IBDT has the higher dividend yield at 4.54%, compared with 3.82% for IBTH.
IBTH is categorized as Government Bonds, while IBDT is Corporate Bonds. IBTH tracks ICE 2027 Maturity US Treasury Index, while IBDT tracks Bloomberg December 2028 Maturity Corporate Index. Their fees differ too: 0.07% for IBTH and 0.10% for IBDT.
IBTH currently has the higher Sharpe Ratio (3.74 vs 2.81), 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.
Find the right allocation for IBTH and IBDT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer