IBTL vs. SPTB
Compare and contrast key facts about iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and State Street SPDR Portfolio Treasury ETF (SPTB).
IBTL and SPTB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTL is a passively managed fund by iShares that tracks the performance of the ICE 2031 Maturity US Treasury Index. It was launched on Jul 13, 2021. SPTB is a passively managed fund by State Street that tracks the performance of the Bloomberg U.S. Treasury Index. It was launched on May 20, 2024. Both IBTL and SPTB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IBTL vs. SPTB - Performance Comparison
Loading graphics...
IBTL vs. SPTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBTL iShares iBonds Dec 2031 Term Treasury ETF | -0.01% | 7.85% | 2.40% |
SPTB State Street SPDR Portfolio Treasury ETF | 0.13% | 6.14% | 2.17% |
Returns By Period
In the year-to-date period, IBTL achieves a -0.01% return, which is significantly lower than SPTB's 0.13% return.
IBTL
- 1D
- 0.22%
- 1M
- -1.66%
- YTD
- -0.01%
- 6M
- 1.07%
- 1Y
- 4.34%
- 3Y*
- 2.62%
- 5Y*
- —
- 10Y*
- —
SPTB
- 1D
- 0.08%
- 1M
- -1.75%
- YTD
- 0.13%
- 6M
- 0.89%
- 1Y
- 3.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IBTL vs. SPTB - Expense Ratio Comparison
IBTL has a 0.07% expense ratio, which is higher than SPTB's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IBTL vs. SPTB — Risk / Return Rank
IBTL
SPTB
IBTL vs. SPTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and State Street SPDR Portfolio Treasury ETF (SPTB). 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 | SPTB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.81 | +0.23 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.19 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.32 | +0.53 |
Martin ratioReturn relative to average drawdown | 5.33 | 3.39 | +1.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IBTL | SPTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.81 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 1.01 | -1.21 |
Correlation
The correlation between IBTL and SPTB is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IBTL vs. SPTB - Dividend Comparison
IBTL's dividend yield for the trailing twelve months is around 3.93%, less than SPTB's 4.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBTL iShares iBonds Dec 2031 Term Treasury ETF | 3.93% | 3.93% | 4.07% | 3.04% | 2.36% | 0.70% |
SPTB State Street SPDR Portfolio Treasury ETF | 4.22% | 4.23% | 2.76% | 0.00% | 0.00% | 0.00% |
Drawdowns
IBTL vs. SPTB - Drawdown Comparison
The maximum IBTL drawdown since its inception was -20.93%, which is greater than SPTB's maximum drawdown of -4.96%. Use the drawdown chart below to compare losses from any high point for IBTL and SPTB.
Loading graphics...
Drawdown Indicators
| IBTL | SPTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.93% | -4.96% | -15.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -2.67% | +0.19% |
Current DrawdownCurrent decline from peak | -6.82% | -1.75% | -5.07% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -1.28% | -10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.04% | -0.18% |
Volatility
IBTL vs. SPTB - Volatility Comparison
The current volatility for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is 1.31%, while State Street SPDR Portfolio Treasury ETF (SPTB) has a volatility of 1.44%. This indicates that IBTL experiences smaller price fluctuations and is considered to be less risky than SPTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IBTL | SPTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.44% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 2.44% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 4.10% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 4.50% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.57% | 4.50% | +3.07% |