Correlation
The correlation between IBTK and IEI is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
IBTK vs. IEI
Compare and contrast key facts about iShares iBonds Dec 2030 Term Treasury ETF (IBTK) and iShares 3-7 Year Treasury Bond ETF (IEI).
IBTK and IEI 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. IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007. Both IBTK and IEI 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 IEI.
Performance
IBTK vs. IEI - Performance Comparison
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Key characteristics
IBTK:
1.50
IEI:
1.68
IBTK:
2.22
IEI:
2.53
IBTK:
1.27
IEI:
1.31
IBTK:
0.39
IEI:
0.70
IBTK:
3.44
IEI:
4.14
IBTK:
2.14%
IEI:
1.67%
IBTK:
4.96%
IEI:
4.12%
IBTK:
-22.84%
IEI:
-14.60%
IBTK:
-12.64%
IEI:
-3.49%
Returns By Period
In the year-to-date period, IBTK achieves a 3.75% return, which is significantly higher than IEI's 3.43% return.
IBTK
3.75%
-0.43%
2.52%
6.88%
1.06%
N/A
N/A
IEI
3.43%
-0.36%
2.60%
6.47%
2.00%
-0.59%
1.36%
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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%.
Risk-Adjusted Performance
IBTK vs. IEI — Risk-Adjusted Performance Rank
IBTK
IEI
IBTK vs. IEI - 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 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.
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Dividends
IBTK vs. IEI - Dividend Comparison
IBTK's dividend yield for the trailing twelve months is around 3.84%, more than IEI's 3.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTK iShares iBonds Dec 2030 Term Treasury ETF | 3.84% | 3.93% | 3.05% | 2.27% | 0.84% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.23% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% | 1.23% |
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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Volatility
IBTK vs. IEI - Volatility Comparison
iShares iBonds Dec 2030 Term Treasury ETF (IBTK) has a higher volatility of 1.49% compared to iShares 3-7 Year Treasury Bond ETF (IEI) at 1.25%. This indicates that IBTK's price experiences larger fluctuations and is considered to be riskier than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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