IBTK vs. IEI
IBTK (iShares iBonds Dec 2030 Term Treasury ETF) and IEI (iShares 3-7 Year Treasury Bond ETF) are both Government Bonds funds from iShares - IBTK tracks the ICE 2030 Maturity US Treasury Index while IEI tracks the ICE U.S. Treasury 3-7 Year Bond Index. Both are passively managed. Over the past 5 years, IBTK returned -0.54%/yr vs 0.23%/yr for IEI. Their correlation of 0.90 suggests significant overlap in exposure. IBTK charges 0.07%/yr vs 0.15%/yr for IEI.
Performance
IBTK vs. IEI - Performance Comparison
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Returns By Period
In the year-to-date period, IBTK achieves a -0.34% return, which is significantly higher than IEI's -0.42% return.
IBTK
- 1D
- -0.13%
- 1M
- -0.14%
- YTD
- -0.34%
- 6M
- -0.40%
- 1Y
- 3.46%
- 3Y*
- 3.17%
- 5Y*
- -0.54%
- 10Y*
- —
IEI
- 1D
- -0.13%
- 1M
- -0.17%
- YTD
- -0.42%
- 6M
- -0.49%
- 1Y
- 3.28%
- 3Y*
- 3.52%
- 5Y*
- 0.23%
- 10Y*
- 1.28%
IBTK vs. IEI - 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% |
IEI iShares 3-7 Year Treasury Bond ETF | -0.42% | 6.96% | 1.81% | 4.42% | -9.51% | -2.54% | -0.06% |
Correlation
The correlation between IBTK and IEI is 0.98 - 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 | 0.98 |
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 21, 2020 | 0.90 |
The correlation between IBTK and IEI has been stable across timeframes, ranging from 0.90 to 0.98 - a consistent structural relationship.
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Return for Risk
IBTK vs. IEI — Risk / Return Rank
IBTK
IEI
IBTK vs. IEI - 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 3-7 Year Treasury Bond ETF (IEI). 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 | IEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.32 | +0.19 |
| Martin ratioReturn relative to average drawdown | 4.39 | 3.96 | +0.43 |
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 | IEI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.09 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.05 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.70 | -0.95 |
Drawdowns
IBTK vs. IEI - Drawdown Comparison
The maximum IBTK drawdown since its inception was -22.84%, which is greater than IEI's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for IBTK and IEI.
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Drawdown Indicators
| IBTK | IEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.84% | -14.60% | -8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -2.50% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -3.66% | -2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | -13.88% | -5.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.60% | — |
Current DrawdownCurrent decline from peak | -9.87% | -1.85% | -8.02% |
Average DrawdownAverage peak-to-trough decline | -12.57% | -2.67% | -9.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.83% | -0.04% |
Volatility
IBTK vs. IEI - Volatility Comparison
iShares iBonds Dec 2030 Term Treasury ETF (IBTK) and iShares 3-7 Year Treasury Bond ETF (IEI) have volatilities of 0.87% and 0.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTK | IEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.91% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 2.13% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 3.04% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.78% | 4.77% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.57% | 3.93% | +2.64% |
IBTK vs. IEI - Expense Ratio Comparison
IBTK has a 0.07% expense ratio, which is lower than IEI'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%.
Dividends
IBTK vs. IEI - Dividend Comparison
IBTK's dividend yield for the trailing twelve months is around 3.80%, more than IEI's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTK iShares iBonds Dec 2030 Term Treasury ETF | 3.80% | 3.79% | 3.93% | 3.05% | 2.27% | 0.84% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.64% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
With a correlation of 0.98, IBTK and IEI 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.
IEI has higher volatility (0.91%) compared to IBTK (0.87%). In terms of maximum drawdown, IBTK dropped -22.84% vs IEI's -14.60%.
On 5-year performance, IEI leads with 0.23% vs -0.54% for IBTK. On fees, IBTK is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IEI has performed better with a 0.23% return vs -0.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTK is cheaper with a 0.07% expense ratio, compared with 0.15% for IEI.
IBTK has the higher dividend yield at 3.80%, compared with 3.64% for IEI.
IBTK tracks ICE 2030 Maturity US Treasury Index, while IEI tracks ICE U.S. Treasury 3-7 Year Bond Index. Their fees differ too: 0.07% for IBTK and 0.15% for IEI.
IBTK currently has the higher Sharpe Ratio (1.13 vs 1.09), 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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