IBTI vs. IBTJ
IBTI (iShares iBonds Dec 2028 Term Treasury ETF) and IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) are both Government Bonds funds from iShares - IBTI tracks the ICE 2028 Maturity US Treasury Index while IBTJ tracks the ICE 2029 Maturity US Treasury Index. Both are passively managed. Over the past 5 years, IBTI returned -0.06%/yr vs -0.42%/yr for IBTJ. Their correlation of 0.94 means they have usually moved in the same direction. Both charge a 0.07% expense ratio.
Performance
IBTI vs. IBTJ - Performance Comparison
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Returns By Period
In the year-to-date period, IBTI achieves a 0.82% return, which is significantly higher than IBTJ's 0.30% return.
IBTI
- 1D
- 0.16%
- 1M
- 0.22%
- 6M
- 0.72%
- YTD
- 0.82%
- 1Y
- 2.67%
- 3Y*
- 4.13%
- 5Y*
- -0.06%
- 10Y*
- —
- ALL TIME*
- 0.33%
IBTJ
- 1D
- 0.14%
- 1M
- 0.02%
- 6M
- 0.29%
- YTD
- 0.30%
- 1Y
- 2.09%
- 3Y*
- 3.98%
- 5Y*
- -0.42%
- 10Y*
- —
- ALL TIME*
- 0.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.92M | $10.63M | $9.25M | |
| $6.93M | $6.76M | $6.04M |
IBTI vs. IBTJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 0.82% | 6.15% | 2.52% | 4.65% | -11.32% | -3.50% | 3.97% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 0.30% | 6.89% | 1.82% | 4.49% | -12.45% | -3.57% | 4.03% |
Correlation
The correlation between IBTI and IBTJ is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.94 |
The correlation between IBTI and IBTJ has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
IBTI vs. IBTJ — Risk / Return Rank
IBTI
IBTJ
IBTI vs. IBTJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Treasury ETF (IBTI) and iShares iBonds Dec 2029 Term Treasury ETF (IBTJ). 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.
| IBTI | IBTJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.17 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.30 | +1.14 |
| Martin ratioReturn relative to average drawdown | 7.70 | 3.01 | +4.69 |
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Drawdowns
IBTI vs. IBTJ - Drawdown Comparison
The maximum IBTI drawdown since its inception was -18.45%, smaller than the maximum IBTJ drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for IBTI and IBTJ.
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Drawdown Indicators
| IBTI | IBTJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.45% | -20.19% | +1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -1.62% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -3.66% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.72% | -16.85% | +1.13% |
Current DrawdownCurrent decline from peak | -3.42% | -5.93% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -9.63% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.70% | -0.35% |
Volatility
IBTI vs. IBTJ - Volatility Comparison
The current volatility for iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is 0.39%, while iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) has a volatility of 0.53%. This indicates that IBTI experiences smaller price fluctuations and is considered to be less risky than IBTJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTI | IBTJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 0.53% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.15% | 1.69% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.52% | 2.16% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 5.68% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.11% | 5.93% | -0.82% |
IBTI vs. IBTJ - Expense Ratio Comparison
Both IBTI and IBTJ 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
IBTI vs. IBTJ - Dividend Comparison
IBTI's dividend yield for the trailing twelve months is around 3.77%, which matches IBTJ's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 3.77% | 3.87% | 3.92% | 3.27% | 1.70% | 0.90% | 0.56% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.78% | 3.78% | 3.95% | 3.48% | 1.86% | 0.74% | 0.61% |
Frequently Asked Questions
With a correlation of 0.94, IBTI and IBTJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBTJ has higher volatility (0.53%) compared to IBTI (0.39%). In terms of maximum drawdown, IBTI dropped -18.45% vs IBTJ's -20.19%.
On 5-year performance, IBTI leads with -0.06% vs -0.42% for IBTJ. Both ETFs have the same 0.07% expense ratio. On volatility, IBTI has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBTI has performed better with a -0.06% return vs -0.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTI and IBTJ have the same expense ratio: 0.07% per year.
IBTJ has the higher dividend yield at 3.78%, compared with 3.77% for IBTI.
IBTI tracks ICE 2028 Maturity US Treasury Index, while IBTJ tracks ICE 2029 Maturity US Treasury Index.
IBTI currently has the higher Sharpe Ratio (1.76 vs 0.97), 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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