IBTM vs. WTBN

Last updated Jun 5, 2026

IBTM (iShares iBonds Dec 2032 Term Treasury ETF) and WTBN (WisdomTree Bianco Total Return Fund) are both Intermediate Core Bond funds - IBTM tracks the ICE 2032 Maturity US Treasury Index while WTBN tracks the Bianco Research Fixed Income Total Return Index. Both are passively managed. Over the past year, IBTM returned 3.43% vs 3.86% for WTBN. Their correlation of 0.91 suggests significant overlap in exposure. IBTM charges 0.07%/yr vs 0.59%/yr for WTBN.

Performance

IBTM vs. WTBN - Performance Comparison

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

Returns By Period

In the year-to-date period, IBTM achieves a -0.36% return, which is significantly lower than WTBN's 0.02% return.

IBTM

• 1D: 0.13%
• 1M: -0.11%
• YTD: -0.36%
• 6M: -0.38%
• 1Y: 3.43%
• 3Y*: 2.74%
• 5Y*: —
• 10Y*: —

WTBN

• 1D: 0.12%
• 1M: 0.00%
• YTD: 0.02%
• 6M: 0.09%
• 1Y: 3.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBTM vs. WTBN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBTM iShares iBonds Dec 2032 Term Treasury ETF	-0.36%	8.06%	-0.14%	-0.00%
WTBN WisdomTree Bianco Total Return Fund	0.02%	6.90%	2.26%	0.03%

Correlation

The correlation between IBTM and WTBN is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023	0.91

The correlation between IBTM and WTBN has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

Return for Risk

IBTM vs. WTBN — Risk / Return Rank

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

IBTM

IBTM Risk / Return Rank: 24
IBTM Sharpe Ratio Rank: 25
IBTM Sortino Ratio Rank: 24
IBTM Omega Ratio Rank: 23
IBTM Calmar Ratio Rank: 23
IBTM Martin Ratio Rank: 24

WTBN

WTBN Risk / Return Rank: 29
WTBN Sharpe Ratio Rank: 30
WTBN Sortino Ratio Rank: 29
WTBN Omega Ratio Rank: 28
WTBN Calmar Ratio Rank: 28
WTBN Martin Ratio Rank: 30

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. WTBN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) and WisdomTree Bianco Total Return Fund (WTBN). 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	WTBN	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.07	-0.22
Sortino ratio: Return per unit of downside risk	1.28	1.56	-0.27
Omega ratio: Gain probability vs. loss probability	1.15	1.18	-0.04
Calmar ratio: Return relative to maximum drawdown	1.05	1.35	-0.30
Martin ratio: Return relative to average drawdown	3.04	4.22	-1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBTM vs. WTBN - Sharpe Ratio Comparison

The current IBTM Sharpe Ratio is 0.85, which is comparable to the WTBN Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of IBTM and WTBN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBTM	WTBN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.07	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.83	-0.62

Drawdowns

IBTM vs. WTBN - Drawdown Comparison

The maximum IBTM drawdown since its inception was -13.60%, which is greater than WTBN's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for IBTM and WTBN.

Drawdown Indicators

	IBTM	WTBN	Difference
Max Drawdown Largest peak-to-trough decline	-13.60%	-4.08%	-9.52%
Max Drawdown (1Y) Largest decline over 1 year	-3.26%	-2.86%	-0.40%
Max Drawdown (3Y) Largest decline over 3 years	-7.86%	—	—
Current Drawdown Current decline from peak	-2.25%	-1.47%	-0.78%
Average Drawdown Average peak-to-trough decline	-4.82%	-1.14%	-3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	0.92%	+0.21%

Volatility

IBTM vs. WTBN - Volatility Comparison

The current volatility for iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is 1.20%, while WisdomTree Bianco Total Return Fund (WTBN) has a volatility of 1.32%. This indicates that IBTM experiences smaller price fluctuations and is considered to be less risky than WTBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBTM	WTBN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	1.32%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	2.63%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	4.09%	3.66%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.55%	4.53%	+3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.55%	4.53%	+3.02%

IBTM vs. WTBN - Expense Ratio Comparison

IBTM has a 0.07% expense ratio, which is lower than WTBN's 0.59% expense ratio.

Dividends

IBTM vs. WTBN - Dividend Comparison

IBTM's dividend yield for the trailing twelve months is around 3.95%, which matches WTBN's 3.97% 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%
WTBN WisdomTree Bianco Total Return Fund	3.97%	4.13%	3.47%	0.03%	0.00%

Frequently Asked Questions

Can I hold both IBTM and WTBN in my portfolio?

With a correlation of 0.91, IBTM and WTBN 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 is riskier, IBTM or WTBN?

WTBN has higher volatility (1.32%) compared to IBTM (1.20%). In terms of maximum drawdown, IBTM dropped -13.60% vs WTBN's -4.08%.

Which ETF is better, IBTM or WTBN?

On 1-year performance, WTBN leads with 3.86% vs 3.43% 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.

Which ETF has performed better, IBTM or WTBN?

Over the 1-year period, WTBN has performed better with a 3.86% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBTM or WTBN?

IBTM is cheaper with a 0.07% expense ratio, compared with 0.59% for WTBN.

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

WTBN has the higher dividend yield at 3.97%, compared with 3.95% for IBTM.

What is the main difference between IBTM and WTBN?

IBTM tracks ICE 2032 Maturity US Treasury Index, while WTBN tracks Bianco Research Fixed Income Total Return Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.07% for IBTM and 0.59% for WTBN.

Which has better risk-adjusted returns?

WTBN currently has the higher Sharpe Ratio (1.07 vs 0.85), 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.