IBTO vs. VTG
IBTO (iShares iBonds Dec 2033 Term Treasury ETF) and VTG (Vanguard Total Treasury ETF) are both Intermediate Core Bond funds - IBTO tracks the ICE 2033 Maturity US Treasury Index while VTG tracks the Bloomberg U.S. Treasury Total Return Unhedged USD Index. Both are passively managed. With a 0.98 correlation, they move nearly in lockstep. IBTO charges 0.07%/yr vs 0.03%/yr for VTG.
Performance
IBTO vs. VTG - Performance Comparison
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Returns By Period
In the year-to-date period, IBTO achieves a -0.58% return, which is significantly lower than VTG's -0.11% return.
IBTO
- 1D
- -0.21%
- 1M
- -0.17%
- YTD
- -0.58%
- 6M
- -1.02%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTG
- 1D
- -0.17%
- 1M
- 0.11%
- YTD
- -0.11%
- 6M
- -0.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTO vs. VTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBTO iShares iBonds Dec 2033 Term Treasury ETF | -0.58% | 3.34% |
VTG Vanguard Total Treasury ETF | -0.11% | 2.88% |
Correlation
The correlation between IBTO and VTG is 0.98 - 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 | 0.98 |
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Return for Risk
IBTO vs. VTG — Risk / Return Rank
IBTO
VTG
IBTO vs. VTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2033 Term Treasury ETF (IBTO) 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.
| IBTO | VTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | — | — |
| Martin ratioReturn relative to average drawdown | 3.21 | — | — |
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 | VTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.88 | -0.45 |
Drawdowns
IBTO vs. VTG - Drawdown Comparison
The maximum IBTO drawdown since its inception was -8.36%, which is greater than VTG's maximum drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for IBTO and VTG.
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Drawdown Indicators
| IBTO | VTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.36% | -2.89% | -5.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | — | — |
Current DrawdownCurrent decline from peak | -2.63% | -1.89% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -0.73% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | — | — |
Volatility
IBTO vs. VTG - Volatility Comparison
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Volatility by Period
| IBTO | VTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.46% | 3.51% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 3.51% | +3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 3.51% | +3.10% |
IBTO vs. VTG - Expense Ratio Comparison
IBTO 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
IBTO vs. VTG - Dividend Comparison
IBTO's dividend yield for the trailing twelve months is around 4.15%, more than VTG's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBTO iShares iBonds Dec 2033 Term Treasury ETF | 4.15% | 4.05% | 4.23% | 1.66% |
VTG Vanguard Total Treasury ETF | 3.21% | 1.65% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, IBTO 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 IBTO.
IBTO has the higher dividend yield at 4.15%, compared with 3.21% for VTG.
IBTO tracks ICE 2033 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 IBTO and 0.03% for VTG.
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