IBTO vs. DGRO
Compare and contrast key facts about iShares iBonds Dec 2033 Term Treasury ETF (IBTO) and iShares Core Dividend Growth ETF (DGRO).
IBTO and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTO is a passively managed fund by iShares that tracks the performance of the ICE 2033 Maturity US Treasury Index. It was launched on Jun 27, 2023. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both IBTO and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IBTO vs. DGRO - Performance Comparison
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IBTO vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBTO iShares iBonds Dec 2033 Term Treasury ETF | -0.02% | 8.23% | -0.87% | 1.71% |
DGRO iShares Core Dividend Growth ETF | 1.57% | 15.69% | 16.62% | 6.95% |
Returns By Period
In the year-to-date period, IBTO achieves a -0.02% return, which is significantly lower than DGRO's 1.57% return.
IBTO
- 1D
- 0.27%
- 1M
- -2.09%
- YTD
- -0.02%
- 6M
- 0.95%
- 1Y
- 4.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DGRO
- 1D
- 1.74%
- 1M
- -4.56%
- YTD
- 1.57%
- 6M
- 4.23%
- 1Y
- 16.09%
- 3Y*
- 14.59%
- 5Y*
- 10.13%
- 10Y*
- 12.81%
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IBTO vs. DGRO - Expense Ratio Comparison
IBTO 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%.
Return for Risk
IBTO vs. DGRO — Risk / Return Rank
IBTO
DGRO
IBTO vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2033 Term Treasury ETF (IBTO) 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.
| IBTO | DGRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.12 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.63 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.58 | -0.12 |
Martin ratioReturn relative to average drawdown | 3.82 | 7.35 | -3.54 |
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
| IBTO | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.12 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.73 | -0.25 |
Correlation
The correlation between IBTO and DGRO is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IBTO vs. DGRO - Dividend Comparison
IBTO's dividend yield for the trailing twelve months is around 4.10%, more than DGRO's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTO iShares iBonds Dec 2033 Term Treasury ETF | 4.10% | 4.05% | 4.23% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRO iShares Core Dividend Growth ETF | 2.10% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
Drawdowns
IBTO vs. DGRO - Drawdown Comparison
The maximum IBTO drawdown since its inception was -8.36%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for IBTO and DGRO.
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Drawdown Indicators
| IBTO | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.36% | -35.10% | +26.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -10.92% | +7.84% |
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 | -2.09% | -4.73% | +2.64% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -3.48% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.35% | -1.17% |
Volatility
IBTO vs. DGRO - Volatility Comparison
The current volatility for iShares iBonds Dec 2033 Term Treasury ETF (IBTO) is 1.75%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.66%. This indicates that IBTO 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.
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Volatility by Period
| IBTO | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 3.66% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 7.22% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.19% | 14.50% | -9.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 13.84% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.74% | 16.63% | -9.89% |