IBTL vs. ^GSPC
Compare and contrast key facts about iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBTL or ^GSPC.
Key characteristics
| IBTL | ^GSPC | |
|---|---|---|
| YTD Return | 1.67% | 25.70% |
| 1Y Return | 7.93% | 37.91% |
| 3Y Return (Ann) | -3.78% | 8.59% |
| Sharpe Ratio | 1.03 | 2.97 |
| Sortino Ratio | 1.53 | 3.97 |
| Omega Ratio | 1.18 | 1.56 |
| Calmar Ratio | 0.37 | 3.93 |
| Martin Ratio | 3.21 | 19.39 |
| Ulcer Index | 2.16% | 1.90% |
| Daily Std Dev | 6.76% | 12.38% |
| Max Drawdown | -20.92% | -56.78% |
| Current Drawdown | -12.45% | 0.00% |
Correlation
The correlation between IBTL and ^GSPC is 0.10, 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.
Performance
IBTL vs. ^GSPC - Performance Comparison
In the year-to-date period, IBTL achieves a 1.67% return, which is significantly lower than ^GSPC's 25.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
IBTL vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and S&P 500 (^GSPC). 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.
Drawdowns
IBTL vs. ^GSPC - Drawdown Comparison
The maximum IBTL drawdown since its inception was -20.92%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for IBTL and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
IBTL vs. ^GSPC - Volatility Comparison
The current volatility for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is 1.61%, while S&P 500 (^GSPC) has a volatility of 3.92%. This indicates that IBTL experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.