IBTJ vs. IBTI
IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) and IBTI (iShares iBonds Dec 2028 Term Treasury ETF) are both Government Bonds funds from iShares - IBTJ tracks the ICE 2029 Maturity US Treasury Index while IBTI tracks the ICE 2028 Maturity US Treasury Index. Both are passively managed. Over the past 5 years, IBTJ returned 0.06%/yr vs 0.19%/yr for IBTI. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
IBTJ vs. IBTI - Performance Comparison
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Returns By Period
In the year-to-date period, IBTJ achieves a -0.10% return, which is significantly lower than IBTI's 0.31% return.
IBTJ
- 1D
- -0.14%
- 1M
- -0.10%
- YTD
- -0.10%
- 6M
- 0.01%
- 1Y
- 3.49%
- 3Y*
- 3.51%
- 5Y*
- 0.06%
- 10Y*
- —
IBTI
- 1D
- -0.05%
- 1M
- 0.05%
- YTD
- 0.31%
- 6M
- 0.52%
- 1Y
- 3.59%
- 3Y*
- 3.72%
- 5Y*
- 0.19%
- 10Y*
- —
IBTJ vs. IBTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | -0.10% | 6.89% | 1.82% | 4.49% | -12.45% | -3.57% | 3.50% |
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 0.31% | 6.15% | 2.52% | 4.65% | -11.32% | -3.50% | 3.65% |
Correlation
The correlation between IBTJ and IBTI is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.94 |
The correlation between IBTJ and IBTI has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
IBTJ vs. IBTI — Risk / Return Rank
IBTJ
IBTI
IBTJ vs. IBTI - 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 2028 Term Treasury ETF (IBTI). 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 | IBTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.28 | -1.12 |
| Martin ratioReturn relative to average drawdown | 6.23 | 11.08 | -4.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTJ | IBTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 2.05 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.04 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.04 | -0.06 |
Drawdowns
IBTJ vs. IBTI - Drawdown Comparison
The maximum IBTJ drawdown since its inception was -20.19%, which is greater than IBTI's maximum drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for IBTJ and IBTI.
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Drawdown Indicators
| IBTJ | IBTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.19% | -18.45% | -1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -1.10% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -3.24% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.21% | -16.18% | -1.03% |
Current DrawdownCurrent decline from peak | -6.30% | -3.91% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -8.26% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.32% | +0.24% |
Volatility
IBTJ vs. IBTI - Volatility Comparison
iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) has a higher volatility of 0.64% compared to iShares iBonds Dec 2028 Term Treasury ETF (IBTI) at 0.37%. This indicates that IBTJ's price experiences larger fluctuations and is considered to be riskier than IBTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTJ | IBTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.37% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 1.06% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 1.76% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 5.02% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 5.17% | +0.82% |
IBTJ vs. IBTI - Expense Ratio Comparison
Both IBTJ and IBTI 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. IBTI - Dividend Comparison
IBTJ's dividend yield for the trailing twelve months is around 3.81%, which matches IBTI's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 3.81% | 3.87% | 3.92% | 3.27% | 1.70% | 0.90% | 0.56% |
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
With a correlation of 0.95, IBTJ and IBTI 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 (0.64%) compared to IBTI (0.37%). In terms of maximum drawdown, IBTJ dropped -20.19% vs IBTI's -18.45%.
On 5-year performance, IBTI leads with 0.19% vs 0.06% for IBTJ. Both ETFs have the same 0.07% expense ratio. On volatility, IBTI has been the lower-risk option at 0.37%. 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 0.19% return vs 0.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTJ and IBTI have the same expense ratio: 0.07% per year.
IBTJ and IBTI have nearly identical dividend yields, around 3.81%.
IBTJ tracks ICE 2029 Maturity US Treasury Index, while IBTI tracks ICE 2028 Maturity US Treasury Index.
IBTI currently has the higher Sharpe Ratio (2.05 vs 1.44), 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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