IBTM vs. VTG

Last updated Jun 25, 2026

IBTM (iShares iBonds Dec 2032 Term Treasury ETF) and VTG (Vanguard Total Treasury ETF) are both Intermediate Core Bond funds - IBTM tracks the ICE 2032 Maturity US Treasury Index while VTG tracks the Bloomberg U.S. Treasury Total Return Unhedged USD Index. Both are passively managed. With a 0.96 correlation, they move nearly in lockstep. IBTM charges 0.07%/yr vs 0.03%/yr for VTG.

Performance

IBTM vs. VTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2032 Term Treasury ETF (IBTM) and Vanguard Total Treasury ETF (VTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBTM achieves a 0.03% return, which is significantly lower than VTG's 0.59% return.

IBTM

• 1D: 0.49%
• 1M: 0.98%
• YTD: 0.03%
• 6M: -0.01%
• 1Y: 3.07%
• 3Y*: 2.93%
• 5Y*: —
• 10Y*: —

VTG

• 1D: 0.48%
• 1M: 1.13%
• YTD: 0.59%
• 6M: 0.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBTM vs. VTG - Yearly Performance Comparison

	2026 (YTD)	2025
IBTM iShares iBonds Dec 2032 Term Treasury ETF	0.03%	3.59%
VTG Vanguard Total Treasury ETF	0.59%	3.07%

Correlation

The correlation between IBTM and VTG is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.96

Return for Risk

IBTM vs. VTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBTM

IBTM Risk / Return Rank: 22
IBTM Sharpe Ratio Rank: 23
IBTM Sortino Ratio Rank: 22
IBTM Omega Ratio Rank: 20
IBTM Calmar Ratio Rank: 22
IBTM Martin Ratio Rank: 22

VTG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBTM vs. VTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) and Vanguard Total Treasury ETF (VTG). 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	VTG	Difference
Sharpe ratio: Return per unit of total volatility	0.76	—	—
Sortino ratio: Return per unit of downside risk	1.15	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.94	—	—
Martin ratio: Return relative to average drawdown	2.47	—	—

Drawdowns

IBTM vs. VTG - Drawdown Comparison

The maximum IBTM drawdown since its inception was -13.60%, which is greater than VTG's maximum drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for IBTM and VTG.

Drawdown Indicators

	IBTM	VTG	Difference
Max Drawdown Largest peak-to-trough decline	-13.60%	-2.89%	-10.71%
Max Drawdown (1Y) Largest decline over 1 year	-3.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.86%	—	—
Current Drawdown Current decline from peak	-1.86%	-1.21%	-0.65%
Average Drawdown Average peak-to-trough decline	-4.78%	-0.79%	-3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.25%	—	—

Volatility

Volatility by Period

	IBTM	VTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.05%	3.54%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.53%	3.54%	+3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	3.54%	+3.99%

IBTM vs. VTG - Expense Ratio Comparison

IBTM has a 0.07% expense ratio, which is higher than VTG'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%.

Dividends

IBTM vs. VTG - Dividend Comparison

IBTM's dividend yield for the trailing twelve months is around 3.93%, more than VTG's 3.18% yield.

Position	TTM	2025	2024	2023	2022
IBTM iShares iBonds Dec 2032 Term Treasury ETF	3.93%	3.87%	3.96%	3.39%	1.38%
VTG Vanguard Total Treasury ETF	3.18%	1.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBTM and VTG in my portfolio?

With a correlation of 0.96, IBTM and VTG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IBTM or VTG?

On fees, VTG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBTM or VTG?

VTG is cheaper with a 0.03% expense ratio, compared with 0.07% for IBTM.

Which ETF pays a higher dividend yield, IBTM or VTG?

IBTM has the higher dividend yield at 3.93%, compared with 3.18% for VTG.

What is the main difference between IBTM and VTG?

IBTM tracks ICE 2032 Maturity US Treasury Index, while VTG tracks Bloomberg U.S. Treasury Total Return Unhedged USD Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IBTM and 0.03% for VTG.