IBTJ vs. BNDD
IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) and BNDD (Quadratic Deflation ETF) are both Government Bonds funds. IBTJ is passively managed, while BNDD is actively managed. Over the past 3 years, IBTJ returned 3.51%/yr vs -3.91%/yr for BNDD. At a 0.39 correlation, their price movements are largely independent. IBTJ charges 0.07%/yr vs 1.02%/yr for BNDD.
Performance
IBTJ vs. BNDD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTJ achieves a -0.10% return, which is significantly lower than BNDD's 4.32% return.
IBTJ
- 1D
- -0.14%
- 1M
- -0.10%
- YTD
- -0.10%
- 6M
- 0.01%
- 1Y
- 3.49%
- 3Y*
- 3.51%
- 5Y*
- 0.06%
- 10Y*
- —
BNDD
- 1D
- -0.08%
- 1M
- 1.37%
- YTD
- 4.32%
- 6M
- 2.24%
- 1Y
- 3.39%
- 3Y*
- -3.91%
- 5Y*
- —
- 10Y*
- —
IBTJ vs. BNDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | -0.10% | 6.89% | 1.82% | 4.49% | -12.45% | -1.41% |
BNDD Quadratic Deflation ETF | 4.32% | -8.17% | -6.65% | 4.02% | -17.48% | 5.54% |
Correlation
The correlation between IBTJ and BNDD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.39 |
The correlation between IBTJ and BNDD shifts across timeframes, from 0.19 (1 year) to 0.39 (all time), 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
IBTJ vs. BNDD — Risk / Return Rank
IBTJ
BNDD
IBTJ vs. BNDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) and Quadratic Deflation ETF (BNDD). 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.
| IBTJ | BNDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.06 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 0.56 | +1.61 |
| Martin ratioReturn relative to average drawdown | 6.23 | 1.20 | +5.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBTJ | BNDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.32 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | -0.33 | +0.31 |
Drawdowns
IBTJ vs. BNDD - Drawdown Comparison
The maximum IBTJ drawdown since its inception was -20.19%, smaller than the maximum BNDD drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for IBTJ and BNDD.
Loading charts...
Drawdown Indicators
| IBTJ | BNDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -30.87% | +10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -6.09% | +4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -20.75% | +16.28% |
Max Drawdown (5Y)Largest decline over 5 years | -17.21% | — | — |
Current DrawdownCurrent decline from peak | -6.30% | -26.51% | +20.21% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -19.34% | +9.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 2.83% | -2.27% |
Volatility
IBTJ vs. BNDD - Volatility Comparison
The current volatility for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is 0.64%, while Quadratic Deflation ETF (BNDD) has a volatility of 2.21%. This indicates that IBTJ experiences smaller price fluctuations and is considered to be less risky than BNDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTJ | BNDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 2.21% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 8.11% | -6.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 10.59% | -8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 13.38% | -7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 13.38% | -7.39% |
IBTJ vs. BNDD - Expense Ratio Comparison
IBTJ has a 0.07% expense ratio, which is lower than BNDD's 1.02% expense ratio.
Dividends
IBTJ vs. BNDD - Dividend Comparison
IBTJ's dividend yield for the trailing twelve months is around 3.81%, more than BNDD's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BNDD Quadratic Deflation ETF | 3.61% | 3.82% | 3.85% | 4.30% | 43.17% | 1.04% | 0.00% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.81% | 3.78% | 3.95% | 3.48% | 1.86% | 0.74% | 0.61% |
Frequently Asked Questions
IBTJ and BNDD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNDD has higher volatility (2.21%) compared to IBTJ (0.64%). In terms of maximum drawdown, IBTJ dropped -20.19% vs BNDD's -30.87%.
On 3-year performance, IBTJ leads with 3.51% vs -3.91% for BNDD. On fees, IBTJ is cheaper at 0.07% per year. On volatility, IBTJ has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBTJ has performed better with a 3.51% return vs -3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTJ is cheaper with a 0.07% expense ratio, compared with 1.02% for BNDD.
IBTJ has the higher dividend yield at 3.81%, compared with 3.61% for BNDD.
They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.07% for IBTJ and 1.02% for BNDD.
IBTJ currently has the higher Sharpe Ratio (1.44 vs 0.32), 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 IBTJ and BNDD
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