IBTL vs. ISRG
IBTL (iShares iBonds Dec 2031 Term Treasury ETF) is Government Bonds fund tracking the ICE 2031 Maturity US Treasury Index, while ISRG (Intuitive Surgical, Inc.) is a stock. Over the past 3 years, IBTL returned 3.19%/yr vs 9.23%/yr for ISRG. At a 0.12 correlation, their price movements are largely independent.
Performance
IBTL vs. ISRG - Performance Comparison
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Returns By Period
In the year-to-date period, IBTL achieves a -0.37% return, which is significantly higher than ISRG's -27.42% return.
IBTL
- 1D
- -0.15%
- 1M
- 0.59%
- YTD
- -0.37%
- 6M
- -0.06%
- 1Y
- 3.51%
- 3Y*
- 3.19%
- 5Y*
- —
- 10Y*
- —
ISRG
- 1D
- -0.45%
- 1M
- -2.39%
- YTD
- -27.42%
- 6M
- -24.20%
- 1Y
- -19.74%
- 3Y*
- 9.23%
- 5Y*
- 7.37%
- 10Y*
- 19.09%
IBTL vs. ISRG - 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% |
ISRG Intuitive Surgical, Inc. | -27.42% | 8.51% | 54.72% | 27.14% | -26.15% | 3.99% |
Correlation
The correlation between IBTL and ISRG is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.12 |
The correlation between IBTL and ISRG shifts across timeframes, from 0.11 (3 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBTL vs. ISRG — Risk / Return Rank
IBTL
ISRG
IBTL vs. ISRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and Intuitive Surgical, Inc. (ISRG). 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 | ISRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.90 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.62 | +1.78 |
| Martin ratioReturn relative to average drawdown | 3.19 | -1.24 | +4.44 |
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Drawdowns
IBTL vs. ISRG - Drawdown Comparison
The maximum IBTL drawdown since its inception was -20.93%, smaller than the maximum ISRG drawdown of -82.26%. Use the drawdown chart below to compare losses from any high point for IBTL and ISRG.
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Drawdown Indicators
| IBTL | ISRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.93% | -82.26% | +61.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -32.14% | +29.31% |
Max Drawdown (3Y)Largest decline over 3 years | -7.38% | -34.10% | +26.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.90% | — |
Current DrawdownCurrent decline from peak | -7.16% | -32.66% | +25.50% |
Average DrawdownAverage peak-to-trough decline | -11.43% | -21.28% | +9.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 16.00% | -14.97% |
Volatility
IBTL vs. ISRG - Volatility Comparison
The current volatility for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is 1.11%, while Intuitive Surgical, Inc. (ISRG) has a volatility of 9.70%. This indicates that IBTL experiences smaller price fluctuations and is considered to be less risky than ISRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTL | ISRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 9.70% | -8.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 20.72% | -18.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.50% | 30.69% | -27.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 33.19% | -25.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 32.40% | -24.96% |
Dividends
IBTL vs. ISRG - Dividend Comparison
IBTL's dividend yield for the trailing twelve months is around 3.97%, while ISRG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBTL iShares iBonds Dec 2031 Term Treasury ETF | 3.97% | 3.93% | 4.07% | 3.04% | 2.36% | 0.70% |
ISRG Intuitive Surgical, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTL and ISRG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISRG has higher volatility (9.70%) compared to IBTL (1.11%). In terms of maximum drawdown, IBTL dropped -20.93% vs ISRG's -82.26%.
IBTL currently has the higher Sharpe Ratio (0.94 vs -0.65), 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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