IBTJ vs. IBDU
Compare and contrast key facts about iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) and iShares iBonds Dec 2029 Term Corporate ETF (IBDU).
IBTJ and IBDU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTJ is a passively managed fund by iShares that tracks the performance of the ICE 2029 Maturity US Treasury Index. It was launched on Feb 25, 2020. IBDU is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2029 Maturity Corporate Index. It was launched on Sep 17, 2019. Both IBTJ and IBDU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBTJ or IBDU.
Key characteristics
| IBTJ | IBDU | |
|---|---|---|
| YTD Return | 1.36% | 3.12% |
| 1Y Return | 5.48% | 8.50% |
| 3Y Return (Ann) | -2.36% | -0.70% |
| Sharpe Ratio | 1.04 | 1.83 |
| Sortino Ratio | 1.53 | 2.80 |
| Omega Ratio | 1.19 | 1.34 |
| Calmar Ratio | 0.28 | 0.68 |
| Martin Ratio | 3.17 | 7.95 |
| Ulcer Index | 1.54% | 1.04% |
| Daily Std Dev | 4.69% | 4.52% |
| Max Drawdown | -20.19% | -19.44% |
| Current Drawdown | -12.66% | -4.68% |
Correlation
The correlation between IBTJ and IBDU is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IBTJ vs. IBDU - Performance Comparison
In the year-to-date period, IBTJ achieves a 1.36% return, which is significantly lower than IBDU's 3.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBTJ vs. IBDU - Expense Ratio Comparison
IBTJ has a 0.07% expense ratio, which is lower than IBDU'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%.
Risk-Adjusted Performance
IBTJ vs. IBDU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) and iShares iBonds Dec 2029 Term Corporate ETF (IBDU). 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.
Dividends
IBTJ vs. IBDU - Dividend Comparison
IBTJ's dividend yield for the trailing twelve months is around 3.92%, less than IBDU's 4.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.92% | 3.48% | 1.85% | 0.74% | 0.61% | 0.00% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 4.67% | 4.21% | 3.34% | 2.28% | 2.42% | 0.74% |
Drawdowns
IBTJ vs. IBDU - Drawdown Comparison
The maximum IBTJ drawdown since its inception was -20.19%, roughly equal to the maximum IBDU drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for IBTJ and IBDU. For additional features, visit the drawdowns tool.
Volatility
IBTJ vs. IBDU - Volatility Comparison
The current volatility for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is 0.96%, while iShares iBonds Dec 2029 Term Corporate ETF (IBDU) has a volatility of 1.07%. This indicates that IBTJ experiences smaller price fluctuations and is considered to be less risky than IBDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.