IBTJ vs. IBTL
Compare and contrast key facts about iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) and iShares iBonds Dec 2031 Term Treasury ETF (IBTL).
IBTJ and IBTL 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. IBTL is a passively managed fund by iShares that tracks the performance of the ICE 2031 Maturity US Treasury Index. It was launched on Jul 13, 2021. Both IBTJ and IBTL 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 IBTL.
Key characteristics
| IBTJ | IBTL | |
|---|---|---|
| YTD Return | 1.36% | 0.84% |
| 1Y Return | 5.48% | 6.26% |
| 3Y Return (Ann) | -2.36% | -4.04% |
| Sharpe Ratio | 1.04 | 0.83 |
| Sortino Ratio | 1.53 | 1.22 |
| Omega Ratio | 1.19 | 1.15 |
| Calmar Ratio | 0.28 | 0.30 |
| Martin Ratio | 3.17 | 2.44 |
| Ulcer Index | 1.54% | 2.21% |
| Daily Std Dev | 4.69% | 6.55% |
| Max Drawdown | -20.19% | -20.92% |
| Current Drawdown | -12.66% | -13.16% |
Correlation
The correlation between IBTJ and IBTL is 0.92, 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. IBTL - Performance Comparison
In the year-to-date period, IBTJ achieves a 1.36% return, which is significantly higher than IBTL's 0.84% 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. IBTL - Expense Ratio Comparison
Both IBTJ and IBTL 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%.
Risk-Adjusted Performance
IBTJ vs. IBTL - 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 2031 Term Treasury ETF (IBTL). 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. IBTL - Dividend Comparison
IBTJ's dividend yield for the trailing twelve months is around 3.92%, less than IBTL's 4.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.92% | 3.48% | 1.85% | 0.74% | 0.61% |
IBTL iShares iBonds Dec 2031 Term Treasury ETF | 4.66% | 3.05% | 2.37% | 0.70% | 0.00% |
Drawdowns
IBTJ vs. IBTL - Drawdown Comparison
The maximum IBTJ drawdown since its inception was -20.19%, roughly equal to the maximum IBTL drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for IBTJ and IBTL. For additional features, visit the drawdowns tool.
Volatility
IBTJ vs. IBTL - Volatility Comparison
The current volatility for iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is 0.96%, while iShares iBonds Dec 2031 Term Treasury ETF (IBTL) has a volatility of 1.60%. This indicates that IBTJ experiences smaller price fluctuations and is considered to be less risky than IBTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.