IBTJ vs. IBTH
IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) and IBTH (iShares iBonds Dec 2027 Term Treasury ETF) are both Government Bonds funds from iShares - IBTJ tracks the ICE 2029 Maturity US Treasury Index while IBTH tracks the ICE 2027 Maturity US Treasury Index. Both are passively managed. Over the past 5 years, IBTJ returned -0.10%/yr vs 0.51%/yr for IBTH. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
IBTJ vs. IBTH - Performance Comparison
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Returns By Period
In the year-to-date period, IBTJ achieves a -0.19% return, which is significantly lower than IBTH's 0.92% return.
IBTJ
- 1D
- -0.14%
- 1M
- 0.04%
- YTD
- -0.19%
- 6M
- -0.06%
- 1Y
- 2.85%
- 3Y*
- 3.61%
- 5Y*
- -0.10%
- 10Y*
- —
IBTH
- 1D
- -0.07%
- 1M
- 0.11%
- YTD
- 0.92%
- 6M
- 1.03%
- 1Y
- 3.51%
- 3Y*
- 4.08%
- 5Y*
- 0.51%
- 10Y*
- —
IBTJ vs. IBTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | -0.19% | 6.89% | 1.82% | 4.49% | -12.45% | -3.57% | 4.03% |
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 0.92% | 5.29% | 3.22% | 4.38% | -9.75% | -3.43% | 4.20% |
Correlation
The correlation between IBTJ and IBTH is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | 0.91 |
The correlation between IBTJ and IBTH shifts across timeframes, from 0.79 (1 year) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBTJ vs. IBTH — Risk / Return Rank
IBTJ
IBTH
IBTJ vs. IBTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) and iShares iBonds Dec 2027 Term Treasury ETF (IBTH). 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.
| IBTJ | IBTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -4.65 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.85 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 9.24 | -7.47 |
| Martin ratioReturn relative to average drawdown | 4.64 | 37.41 | -32.78 |
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Drawdowns
IBTJ vs. IBTH - Drawdown Comparison
The maximum IBTJ drawdown since its inception was -20.19%, which is greater than IBTH's maximum drawdown of -16.16%. Use the drawdown chart below to compare losses from any high point for IBTJ and IBTH.
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Drawdown Indicators
| IBTJ | IBTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -16.16% | -4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -0.38% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -2.09% | -2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.21% | -14.41% | -2.80% |
Current DrawdownCurrent decline from peak | -6.39% | -1.36% | -5.03% |
Average DrawdownAverage peak-to-trough decline | -9.70% | -6.67% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.09% | +0.53% |
Volatility
IBTJ vs. IBTH - Volatility Comparison
iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) has a higher volatility of 0.71% compared to iShares iBonds Dec 2027 Term Treasury ETF (IBTH) at 0.26%. This indicates that IBTJ's price experiences larger fluctuations and is considered to be riskier than IBTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTJ | IBTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.26% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 0.57% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 1.03% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.72% | 4.18% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 4.19% | +1.79% |
IBTJ vs. IBTH - Expense Ratio Comparison
Both IBTJ and IBTH 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
IBTJ vs. IBTH - Dividend Comparison
IBTJ's dividend yield for the trailing twelve months is around 3.81%, which matches IBTH's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTH iShares iBonds Dec 2027 Term Treasury ETF | 3.83% | 3.92% | 4.04% | 3.61% | 2.00% | 0.77% | 0.50% |
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 IBTH have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBTJ has higher volatility (0.71%) compared to IBTH (0.26%). In terms of maximum drawdown, IBTJ dropped -20.19% vs IBTH's -16.16%.
On 5-year performance, IBTH leads with 0.51% vs -0.10% for IBTJ. Both ETFs have the same 0.07% expense ratio. On volatility, IBTH has been the lower-risk option at 0.26%. 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 0.51% return vs -0.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTJ and IBTH have the same expense ratio: 0.07% per year.
IBTH has the higher dividend yield at 3.83%, compared with 3.81% for IBTJ.
IBTJ tracks ICE 2029 Maturity US Treasury Index, while IBTH tracks ICE 2027 Maturity US Treasury Index.
IBTH currently has the higher Sharpe Ratio (3.43 vs 1.20), 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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