IBTK vs. IBTF
IBTK (iShares iBonds Dec 2030 Term Treasury ETF) and IBTF (iShares iBonds Dec 2025 Term Treasury ETF) are both Government Bonds funds from iShares - IBTK tracks the ICE 2030 Maturity US Treasury Index while IBTF tracks the ICE 2025 Maturity US Treasury Index. Both are passively managed. Over the past 5 years, IBTK returned -0.54%/yr vs 0.90%/yr for IBTF. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
IBTK vs. IBTF - Performance Comparison
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Returns By Period
IBTK
- 1D
- -0.13%
- 1M
- -0.14%
- YTD
- -0.34%
- 6M
- -0.40%
- 1Y
- 3.46%
- 3Y*
- 3.17%
- 5Y*
- -0.54%
- 10Y*
- —
IBTF
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.09%
- 1Y
- 2.14%
- 3Y*
- 3.66%
- 5Y*
- 0.90%
- 10Y*
- —
IBTK vs. IBTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTK iShares iBonds Dec 2030 Term Treasury ETF | -0.34% | 7.41% | 1.18% | 4.05% | -14.71% | -3.76% | -1.90% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 0.00% | 3.81% | 4.60% | 4.12% | -6.39% | -2.31% | 0.03% |
Correlation
The correlation between IBTK and IBTF is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2020 | 0.58 |
The correlation between IBTK and IBTF shifts across timeframes, from -0.03 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBTK vs. IBTF — Risk / Return Rank
IBTK
IBTF
IBTK vs. IBTF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Treasury ETF (IBTK) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF). 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.
| IBTK | IBTF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.94 | ||
| Sortino ratioReturn per unit of downside risk | -18.34 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 6.23 | -5.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 59.41 | -57.90 |
| Martin ratioReturn relative to average drawdown | 4.39 | 269.70 | -265.31 |
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
| IBTK | IBTF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 7.08 | -5.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.39 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.44 | -0.70 |
Drawdowns
IBTK vs. IBTF - Drawdown Comparison
The maximum IBTK drawdown since its inception was -22.84%, which is greater than IBTF's maximum drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for IBTK and IBTF.
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Drawdown Indicators
| IBTK | IBTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.84% | -10.45% | -12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -0.04% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -0.67% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | -9.53% | -9.69% |
Current DrawdownCurrent decline from peak | -9.87% | 0.00% | -9.87% |
Average DrawdownAverage peak-to-trough decline | -12.57% | -3.33% | -9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.01% | +0.78% |
Volatility
IBTK vs. IBTF - Volatility Comparison
iShares iBonds Dec 2030 Term Treasury ETF (IBTK) has a higher volatility of 0.87% compared to iShares iBonds Dec 2025 Term Treasury ETF (IBTF) at 0.00%. This indicates that IBTK's price experiences larger fluctuations and is considered to be riskier than IBTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTK | IBTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.00% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 0.19% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 0.36% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.78% | 2.38% | +4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.57% | 2.56% | +4.01% |
IBTK vs. IBTF - Expense Ratio Comparison
Both IBTK and IBTF 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
IBTK vs. IBTF - Dividend Comparison
IBTK's dividend yield for the trailing twelve months is around 3.80%, more than IBTF's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 2.08% | 3.83% | 4.32% | 4.03% | 1.93% | 0.57% | 0.59% |
IBTK iShares iBonds Dec 2030 Term Treasury ETF | 3.80% | 3.79% | 3.93% | 3.05% | 2.27% | 0.84% | 0.26% |
Frequently Asked Questions
IBTK and IBTF have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBTK has higher volatility (0.87%) compared to IBTF (0.00%). In terms of maximum drawdown, IBTK dropped -22.84% vs IBTF's -10.45%.
On 5-year performance, IBTF leads with 0.90% vs -0.54% for IBTK. Both ETFs have the same 0.07% expense ratio. On volatility, IBTF has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBTF has performed better with a 0.90% return vs -0.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTK and IBTF have the same expense ratio: 0.07% per year.
IBTK has the higher dividend yield at 3.80%, compared with 2.08% for IBTF.
IBTK tracks ICE 2030 Maturity US Treasury Index, while IBTF tracks ICE 2025 Maturity US Treasury Index.
IBTF currently has the higher Sharpe Ratio (7.08 vs 1.13), 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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