IBTM vs. DGRO
IBTM (iShares iBonds Dec 2032 Term Treasury ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IBTM is a Intermediate Core Bond fund tracking the ICE 2032 Maturity US Treasury Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 3 years, IBTM returned 2.68%/yr vs 17.46%/yr for DGRO. At a 0.15 correlation, their price movements are largely independent. IBTM charges 0.07%/yr vs 0.08%/yr for DGRO.
Performance
IBTM vs. DGRO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTM achieves a -0.50% return, which is significantly lower than DGRO's 9.64% return.
IBTM
- 1D
- -0.18%
- 1M
- -0.15%
- YTD
- -0.50%
- 6M
- -0.81%
- 1Y
- 3.93%
- 3Y*
- 2.68%
- 5Y*
- —
- 10Y*
- —
DGRO
- 1D
- 0.81%
- 1M
- 3.27%
- YTD
- 9.64%
- 6M
- 9.87%
- 1Y
- 23.89%
- 3Y*
- 17.46%
- 5Y*
- 10.72%
- 10Y*
- 13.34%
IBTM vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.50% | 8.06% | -0.14% | 3.48% | -4.63% |
DGRO iShares Core Dividend Growth ETF | 9.64% | 15.69% | 16.62% | 10.47% | 4.74% |
Correlation
The correlation between IBTM and DGRO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBTM vs. DGRO — Risk / Return Rank
IBTM
DGRO
IBTM vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) and iShares Core Dividend Growth ETF (DGRO). 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.
| IBTM | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.46 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.71 | -2.50 |
| Martin ratioReturn relative to average drawdown | 3.51 | 14.33 | -10.83 |
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 charts...
Sharpe Ratios by Period
| IBTM | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.53 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.77 | -0.57 |
Drawdowns
IBTM vs. DGRO - Drawdown Comparison
The maximum IBTM drawdown since its inception was -13.60%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IBTM and DGRO.
Loading charts...
Drawdown Indicators
| IBTM | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.60% | -35.10% | +21.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -6.47% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -14.03% | +6.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.10% | — |
Current DrawdownCurrent decline from peak | -2.38% | 0.00% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -3.44% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.67% | -0.55% |
Volatility
IBTM vs. DGRO - Volatility Comparison
The current volatility for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is 1.20%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.24%. This indicates that IBTM experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTM | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 2.24% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 6.94% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 9.49% | -5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 13.82% | -6.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.56% | 16.62% | -9.06% |
IBTM vs. DGRO - Expense Ratio Comparison
IBTM has a 0.07% expense ratio, which is lower than DGRO's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBTM vs. DGRO - Dividend Comparison
IBTM's dividend yield for the trailing twelve months is around 3.95%, more than DGRO's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.94% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.95% | 3.87% | 3.96% | 3.39% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTM and DGRO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRO has higher volatility (2.24%) compared to IBTM (1.20%). In terms of maximum drawdown, IBTM dropped -13.60% vs DGRO's -35.10%.
On 3-year performance, DGRO leads with 17.46% vs 2.68% for IBTM. On fees, IBTM is cheaper at 0.07% per year. On volatility, IBTM has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DGRO has performed better with a 17.46% return vs 2.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTM is cheaper with a 0.07% expense ratio, compared with 0.08% for DGRO.
IBTM has the higher dividend yield at 3.95%, compared with 1.94% for DGRO.
IBTM is categorized as Intermediate Core Bond, while DGRO is Large Cap Growth Equities. IBTM tracks ICE 2032 Maturity US Treasury Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.07% for IBTM and 0.08% for DGRO.
DGRO currently has the higher Sharpe Ratio (2.53 vs 0.96), 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.
Find the right allocation for IBTM and DGRO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer