IBTL vs. SOXX
IBTL (iShares iBonds Dec 2031 Term Treasury ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - IBTL is a Government Bonds fund tracking the ICE 2031 Maturity US Treasury Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 3 years, IBTL returned 2.83%/yr vs 57.39%/yr for SOXX. At a 0.03 correlation, their price movements are largely independent. IBTL charges 0.07%/yr vs 0.34%/yr for SOXX.
Performance
IBTL vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, IBTL achieves a -0.47% return, which is significantly lower than SOXX's 104.57% return.
IBTL
- 1D
- -0.15%
- 1M
- -0.21%
- YTD
- -0.47%
- 6M
- -0.69%
- 1Y
- 3.77%
- 3Y*
- 2.83%
- 5Y*
- —
- 10Y*
- —
SOXX
- 1D
- 1.76%
- 1M
- 33.25%
- YTD
- 104.57%
- 6M
- 99.43%
- 1Y
- 190.05%
- 3Y*
- 57.39%
- 5Y*
- 34.50%
- 10Y*
- 35.79%
IBTL vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBTL iShares iBonds Dec 2031 Term Treasury ETF | -0.47% | 7.85% | 0.36% | 3.60% | -15.60% | -1.37% |
SOXX iShares Semiconductor ETF | 104.57% | 40.74% | 12.92% | 67.12% | -35.09% | 15.41% |
Correlation
The correlation between IBTL and SOXX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2021 | 0.03 |
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Return for Risk
IBTL vs. SOXX — Risk / Return Rank
IBTL
SOXX
IBTL vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and iShares Semiconductor ETF (SOXX). 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.
| IBTL | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.74 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 12.13 | -10.80 |
| Martin ratioReturn relative to average drawdown | 3.90 | 46.43 | -42.54 |
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
| IBTL | SOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 5.61 | -4.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | 0.45 | -0.65 |
Drawdowns
IBTL vs. SOXX - Drawdown Comparison
The maximum IBTL drawdown since its inception was -20.93%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for IBTL and SOXX.
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Drawdown Indicators
| IBTL | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.93% | -70.21% | +49.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -15.77% | +12.94% |
Max Drawdown (3Y)Largest decline over 3 years | -7.38% | -41.36% | +33.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | -7.25% | 0.00% | -7.25% |
Average DrawdownAverage peak-to-trough decline | -11.47% | -19.97% | +8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 4.11% | -3.14% |
Volatility
IBTL vs. SOXX - Volatility Comparison
The current volatility for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is 1.08%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that IBTL experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTL | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 14.03% | -12.95% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 27.35% | -24.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 34.18% | -30.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 36.11% | -28.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 33.43% | -25.97% |
IBTL vs. SOXX - Expense Ratio Comparison
IBTL has a 0.07% expense ratio, which is lower than SOXX's 0.34% expense ratio.
Dividends
IBTL vs. SOXX - Dividend Comparison
IBTL's dividend yield for the trailing twelve months is around 3.97%, more than SOXX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXX iShares Semiconductor ETF | 0.27% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
IBTL and SOXX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (14.03%) compared to IBTL (1.08%). In terms of maximum drawdown, IBTL dropped -20.93% vs SOXX's -70.21%.
On 3-year performance, SOXX leads with 57.39% vs 2.83% for IBTL. On fees, IBTL is cheaper at 0.07% per year. On volatility, IBTL has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SOXX has performed better with a 57.39% return vs 2.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTL is cheaper with a 0.07% expense ratio, compared with 0.34% for SOXX.
IBTL has the higher dividend yield at 3.97%, compared with 0.27% for SOXX.
IBTL is categorized as Government Bonds, while SOXX is Semiconductors. IBTL tracks ICE 2031 Maturity US Treasury Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.07% for IBTL and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (5.61 vs 1.05), 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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