IBTL vs. GS
IBTL (iShares iBonds Dec 2031 Term Treasury ETF) is Government Bonds fund tracking the ICE 2031 Maturity US Treasury Index, while GS (The Goldman Sachs Group, Inc.) is a stock. Over the past 3 years, IBTL returned 3.19%/yr vs 49.31%/yr for GS. At a 0.06 correlation, their price movements are largely independent.
Performance
IBTL vs. GS - Performance Comparison
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Returns By Period
In the year-to-date period, IBTL achieves a -0.37% return, which is significantly lower than GS's 22.08% return.
IBTL
- 1D
- -0.15%
- 1M
- 0.59%
- YTD
- -0.37%
- 6M
- -0.06%
- 1Y
- 3.51%
- 3Y*
- 3.19%
- 5Y*
- —
- 10Y*
- —
GS
- 1D
- 2.62%
- 1M
- 12.54%
- YTD
- 22.08%
- 6M
- 20.84%
- 1Y
- 76.70%
- 3Y*
- 49.31%
- 5Y*
- 25.98%
- 10Y*
- 24.48%
IBTL vs. GS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBTL iShares iBonds Dec 2031 Term Treasury ETF | -0.37% | 7.85% | 0.36% | 3.60% | -15.60% | -1.22% |
GS The Goldman Sachs Group, Inc. | 22.08% | 56.64% | 52.03% | 15.91% | -7.87% | -7.92% |
Correlation
The correlation between IBTL and GS is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.06 |
The correlation between IBTL and GS shifts across timeframes, from 0.06 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBTL vs. GS — Risk / Return Rank
IBTL
GS
IBTL vs. GS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and The Goldman Sachs Group, Inc. (GS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBTL | GS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 3.80 | -2.64 |
| Martin ratioReturn relative to average drawdown | 3.19 | 12.61 | -9.42 |
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Drawdowns
IBTL vs. GS - Drawdown Comparison
The maximum IBTL drawdown since its inception was -20.93%, smaller than the maximum GS drawdown of -78.84%. Use the drawdown chart below to compare losses from any high point for IBTL and GS.
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Drawdown Indicators
| IBTL | GS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.93% | -78.84% | +57.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -19.42% | +16.59% |
Max Drawdown (3Y)Largest decline over 3 years | -7.38% | -30.90% | +23.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.75% | — |
Current DrawdownCurrent decline from peak | -7.16% | -2.73% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -22.65% | +11.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 5.84% | -4.81% |
Volatility
IBTL vs. GS - Volatility Comparison
The current volatility for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is 1.11%, while The Goldman Sachs Group, Inc. (GS) has a volatility of 11.84%. This indicates that IBTL experiences smaller price fluctuations and is considered to be less risky than GS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTL | GS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 11.84% | -10.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 23.47% | -21.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 28.55% | -25.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 28.10% | -20.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 29.87% | -22.43% |
Dividends
IBTL vs. GS - Dividend Comparison
IBTL's dividend yield for the trailing twelve months is around 3.97%, more than GS's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GS The Goldman Sachs Group, Inc. | 1.60% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
IBTL iShares iBonds Dec 2031 Term Treasury ETF | 3.97% | 3.93% | 4.07% | 3.04% | 2.36% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTL and GS have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GS has higher volatility (11.84%) compared to IBTL (1.11%). In terms of maximum drawdown, IBTL dropped -20.93% vs GS's -78.84%.
GS currently has the higher Sharpe Ratio (2.59 vs 0.94), 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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