IBTK vs. IEF
Compare and contrast key facts about iShares iBonds Dec 2030 Term Treasury ETF (IBTK) and iShares 7-10 Year Treasury Bond ETF (IEF).
IBTK and IEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTK is a passively managed fund by iShares that tracks the performance of the ICE 2030 Maturity US Treasury Index. It was launched on Jul 14, 2020. IEF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. It was launched on Jul 26, 2002. Both IBTK and IEF 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: IBTK or IEF.
Key characteristics
| IBTK | IEF | |
|---|---|---|
| YTD Return | 0.85% | -0.38% |
| 1Y Return | 5.56% | 5.22% |
| 3Y Return (Ann) | -3.52% | -4.04% |
| Sharpe Ratio | 0.89 | 0.62 |
| Sortino Ratio | 1.31 | 0.93 |
| Omega Ratio | 1.16 | 1.11 |
| Calmar Ratio | 0.24 | 0.21 |
| Martin Ratio | 2.66 | 1.76 |
| Ulcer Index | 1.86% | 2.50% |
| Daily Std Dev | 5.56% | 7.06% |
| Max Drawdown | -22.85% | -23.93% |
| Current Drawdown | -16.08% | -17.18% |
Correlation
The correlation between IBTK and IEF is 0.87, 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
IBTK vs. IEF - Performance Comparison
In the year-to-date period, IBTK achieves a 0.85% return, which is significantly higher than IEF's -0.38% 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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IBTK vs. IEF - Expense Ratio Comparison
IBTK has a 0.07% expense ratio, which is lower than IEF's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IBTK vs. IEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Treasury ETF (IBTK) and iShares 7-10 Year Treasury Bond ETF (IEF). 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
IBTK vs. IEF - Dividend Comparison
IBTK's dividend yield for the trailing twelve months is around 3.90%, more than IEF's 3.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTK iShares iBonds Dec 2030 Term Treasury ETF | 3.90% | 3.06% | 2.26% | 0.84% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.51% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% | 2.05% | 1.77% |
Drawdowns
IBTK vs. IEF - Drawdown Comparison
The maximum IBTK drawdown since its inception was -22.85%, roughly equal to the maximum IEF drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for IBTK and IEF. For additional features, visit the drawdowns tool.
Volatility
IBTK vs. IEF - Volatility Comparison
The current volatility for iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is 1.30%, while iShares 7-10 Year Treasury Bond ETF (IEF) has a volatility of 1.94%. This indicates that IBTK experiences smaller price fluctuations and is considered to be less risky than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.