IBTM vs. VTG
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
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Returns By Period
In the year-to-date period, IBTM achieves a -0.36% return, which is significantly lower than VTG's 0.01% return.
IBTM
- 1D
- 0.13%
- 1M
- -0.11%
- YTD
- -0.36%
- 6M
- -0.38%
- 1Y
- 3.43%
- 3Y*
- 2.74%
- 5Y*
- —
- 10Y*
- —
VTG
- 1D
- 0.11%
- 1M
- 0.10%
- YTD
- 0.01%
- 6M
- 0.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTM vs. VTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.36% | 3.18% |
VTG Vanguard Total Treasury ETF | 0.01% | 2.88% |
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 10, 2025 | 0.96 |
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Return for Risk
IBTM vs. VTG — Risk / Return Rank
IBTM
VTG
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.
| IBTM | VTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | — | — |
| Martin ratioReturn relative to average drawdown | 3.04 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTM | VTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.91 | -0.71 |
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.
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Drawdown Indicators
| IBTM | VTG | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -2.25% | -1.78% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -0.74% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | — | — |
Volatility
IBTM vs. VTG - Volatility Comparison
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Volatility by Period
| IBTM | VTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 3.51% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.55% | 3.51% | +4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.55% | 3.51% | +4.04% |
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 3.95%, more than VTG's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.95% | 3.87% | 3.96% | 3.39% | 1.38% |
VTG Vanguard Total Treasury ETF | 3.20% | 1.65% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
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.
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.
VTG is cheaper with a 0.03% expense ratio, compared with 0.07% for IBTM.
IBTM has the higher dividend yield at 3.95%, compared with 3.20% for 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.
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