IBTM vs. FIGB
IBTM (iShares iBonds Dec 2032 Term Treasury ETF) and FIGB (Fidelity Investment Grade Bond ETF) are both Intermediate Core Bond funds. IBTM is passively managed, while FIGB is actively managed. Over the past 3 years, IBTM returned 2.71%/yr vs 3.98%/yr for FIGB. Their correlation of 0.89 suggests significant overlap in exposure. IBTM charges 0.07%/yr vs 0.36%/yr for FIGB.
Performance
IBTM vs. FIGB - Performance Comparison
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Returns By Period
In the year-to-date period, IBTM achieves a -0.61% return, which is significantly lower than FIGB's 0.09% return.
IBTM
- 1D
- -0.31%
- 1M
- 0.33%
- YTD
- -0.61%
- 6M
- -0.56%
- 1Y
- 3.09%
- 3Y*
- 2.71%
- 5Y*
- —
- 10Y*
- —
FIGB
- 1D
- -0.30%
- 1M
- 0.46%
- YTD
- 0.09%
- 6M
- 0.26%
- 1Y
- 4.09%
- 3Y*
- 3.98%
- 5Y*
- 0.15%
- 10Y*
- —
IBTM vs. FIGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.61% | 8.06% | -0.14% | 3.48% | -5.01% |
FIGB Fidelity Investment Grade Bond ETF | 0.09% | 6.95% | 1.51% | 6.65% | -3.02% |
Correlation
The correlation between IBTM and FIGB is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | 0.89 |
The correlation between IBTM and FIGB has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
IBTM vs. FIGB — Risk / Return Rank
IBTM
FIGB
IBTM vs. FIGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) and Fidelity Investment Grade Bond ETF (FIGB). 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.
| IBTM | FIGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.40 | -0.45 |
| Martin ratioReturn relative to average drawdown | 2.51 | 4.11 | -1.60 |
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Drawdowns
IBTM vs. FIGB - Drawdown Comparison
The maximum IBTM drawdown since its inception was -13.60%, smaller than the maximum FIGB drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for IBTM and FIGB.
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Drawdown Indicators
| IBTM | FIGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.60% | -18.08% | +4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -2.93% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -7.86% | -6.17% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.08% | — |
Current DrawdownCurrent decline from peak | -2.49% | -1.65% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -6.88% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.00% | +0.23% |
Volatility
IBTM vs. FIGB - Volatility Comparison
iShares iBonds Dec 2032 Term Treasury ETF (IBTM) has a higher volatility of 1.23% compared to Fidelity Investment Grade Bond ETF (FIGB) at 0.89%. This indicates that IBTM's price experiences larger fluctuations and is considered to be riskier than FIGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTM | FIGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.89% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.89% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 4.05% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 6.28% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.53% | 6.15% | +1.38% |
IBTM vs. FIGB - Expense Ratio Comparison
IBTM has a 0.07% expense ratio, which is lower than FIGB's 0.36% expense ratio.
Dividends
IBTM vs. FIGB - Dividend Comparison
IBTM's dividend yield for the trailing twelve months is around 3.96%, less than FIGB's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.11% | 4.15% | 4.28% | 3.79% | 2.44% | 1.10% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.96% | 3.87% | 3.96% | 3.39% | 1.38% | 0.00% |
Frequently Asked Questions
IBTM and FIGB have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBTM has higher volatility (1.23%) compared to FIGB (0.89%). In terms of maximum drawdown, IBTM dropped -13.60% vs FIGB's -18.08%.
On 3-year performance, FIGB leads with 3.98% vs 2.71% for IBTM. On fees, IBTM is cheaper at 0.07% per year. On volatility, FIGB has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FIGB has performed better with a 3.98% return vs 2.71%. 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 0.36% for FIGB.
FIGB has the higher dividend yield at 4.11%, compared with 3.96% for IBTM.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.07% for IBTM and 0.36% for FIGB.
FIGB currently has the higher Sharpe Ratio (1.02 vs 0.77), 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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