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IBTJ vs. IBTK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IBTJ vs. IBTK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) and iShares iBonds Dec 2030 Term Treasury ETF (IBTK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IBTJ achieves a -0.19% return, which is significantly higher than IBTK's -0.49% return.


IBTJ

1D
-0.14%
1M
0.04%
YTD
-0.19%
6M
-0.06%
1Y
2.85%
3Y*
3.61%
5Y*
-0.10%
10Y*

IBTK

1D
-0.18%
1M
0.09%
YTD
-0.49%
6M
-0.39%
1Y
2.73%
3Y*
3.25%
5Y*
-0.67%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBTJ vs. IBTK - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
IBTJ
iShares iBonds Dec 2029 Term Treasury ETF
-0.19%6.89%1.82%4.49%-12.45%-3.57%-1.33%
IBTK
iShares iBonds Dec 2030 Term Treasury ETF
-0.49%7.41%1.18%4.05%-14.71%-3.76%-1.90%

Correlation

The correlation between IBTJ and IBTK is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.97

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Jul 20, 2020

0.87

The correlation between IBTJ and IBTK shifts across timeframes, from 0.87 (all time) to 0.98 (3 years), reflecting how their relationship changes across market environments.

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Return for Risk

IBTJ vs. IBTK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBTJ
IBTJ Risk / Return Rank: 3434
Overall Rank
IBTJ Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
IBTJ Sortino Ratio Rank: 3636
Sortino Ratio Rank
IBTJ Omega Ratio Rank: 3232
Omega Ratio Rank
IBTJ Calmar Ratio Rank: 3636
Calmar Ratio Rank
IBTJ Martin Ratio Rank: 3333
Martin Ratio Rank

IBTK
IBTK Risk / Return Rank: 2424
Overall Rank
IBTK Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IBTK Sortino Ratio Rank: 2626
Sortino Ratio Rank
IBTK Omega Ratio Rank: 2323
Omega Ratio Rank
IBTK Calmar Ratio Rank: 2525
Calmar Ratio Rank
IBTK Martin Ratio Rank: 2424
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBTJ vs. IBTK - 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 2030 Term Treasury ETF (IBTK). 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.


IBTJIBTKDifference
Sharpe ratioReturn per unit of total volatility

+0.29

Sortino ratioReturn per unit of downside risk

+0.47

Omega ratioGain probability vs. loss probability

1.21

1.16

+0.06

Calmar ratioReturn relative to maximum drawdown

1.77

1.19

+0.58

Martin ratioReturn relative to average drawdown

4.64

3.12

+1.51

IBTJ vs. IBTK - Sharpe Ratio Comparison

The current IBTJ Sharpe Ratio is 1.20, which is higher than the IBTK Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of IBTJ and IBTK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

IBTJ vs. IBTK - Drawdown Comparison

The maximum IBTJ drawdown since its inception was -20.19%, smaller than the maximum IBTK drawdown of -22.84%. Use the drawdown chart below to compare losses from any high point for IBTJ and IBTK.


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Drawdown Indicators


IBTJIBTKDifference

Max Drawdown

Largest peak-to-trough decline

-20.19%

-22.84%

+2.65%

Max Drawdown (1Y)

Largest decline over 1 year

-1.62%

-2.31%

+0.69%

Max Drawdown (3Y)

Largest decline over 3 years

-4.43%

-5.94%

+1.51%

Max Drawdown (5Y)

Largest decline over 5 years

-17.21%

-19.22%

+2.01%

Current Drawdown

Current decline from peak

-6.39%

-10.01%

+3.62%

Average Drawdown

Average peak-to-trough decline

-9.70%

-12.55%

+2.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.62%

0.87%

-0.25%

Volatility

IBTJ vs. IBTK - Volatility Comparison

The current volatility for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is 0.71%, while iShares iBonds Dec 2030 Term Treasury ETF (IBTK) has a volatility of 0.89%. This indicates that IBTJ experiences smaller price fluctuations and is considered to be less risky than IBTK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


IBTJIBTKDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.71%

0.89%

-0.18%

Volatility (6M)

Calculated over the trailing 6-month period

1.64%

2.14%

-0.50%

Volatility (1Y)

Calculated over the trailing 1-year period

2.40%

3.03%

-0.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.72%

6.78%

-1.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.98%

6.55%

-0.57%

IBTJ vs. IBTK - Expense Ratio Comparison

Both IBTJ and IBTK 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. IBTK - Dividend Comparison

IBTJ's dividend yield for the trailing twelve months is around 3.81%, which matches IBTK's 3.81% yield.


PositionTTM202520242023202220212020
IBTJ
iShares iBonds Dec 2029 Term Treasury ETF
3.81%3.78%3.95%3.48%1.86%0.74%0.61%
IBTK
iShares iBonds Dec 2030 Term Treasury ETF
3.81%3.79%3.93%3.05%2.27%0.84%0.26%

Frequently Asked Questions


With a correlation of 0.97, IBTJ and IBTK 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.

IBTK has higher volatility (0.89%) compared to IBTJ (0.71%). In terms of maximum drawdown, IBTJ dropped -20.19% vs IBTK's -22.84%.

On 5-year performance, IBTJ leads with -0.10% vs -0.67% for IBTK. Both ETFs have the same 0.07% expense ratio. On volatility, IBTJ has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IBTJ has performed better with a -0.10% return vs -0.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IBTJ and IBTK have the same expense ratio: 0.07% per year.

IBTJ and IBTK have nearly identical dividend yields, around 3.81%.

IBTJ tracks ICE 2029 Maturity US Treasury Index, while IBTK tracks ICE 2030 Maturity US Treasury Index.

IBTJ currently has the higher Sharpe Ratio (1.20 vs 0.91), 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.

Portfolio Optimizer

Find the right allocation for IBTJ and IBTK

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