IBTP vs. ACWI
IBTP (iShares iBonds Dec 2034 Term Treasury ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IBTP is a Government Bonds fund tracking the ICE 2034 Maturity US Treasury Index, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past year, IBTP returned 4.34% vs 29.18% for ACWI. At a 0.15 correlation, their price movements are largely independent. IBTP charges 0.07%/yr vs 0.32%/yr for ACWI.
Performance
IBTP vs. ACWI - Performance Comparison
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Returns By Period
In the year-to-date period, IBTP achieves a -0.59% return, which is significantly lower than ACWI's 12.13% return.
IBTP
- 1D
- -0.24%
- 1M
- -0.12%
- YTD
- -0.59%
- 6M
- -1.11%
- 1Y
- 4.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACWI
- 1D
- -0.83%
- 1M
- 5.28%
- YTD
- 12.13%
- 6M
- 12.96%
- 1Y
- 29.18%
- 3Y*
- 21.15%
- 5Y*
- 11.28%
- 10Y*
- 12.85%
IBTP vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBTP iShares iBonds Dec 2034 Term Treasury ETF | -0.59% | 8.16% | 0.42% |
ACWI iShares MSCI ACWI ETF | 12.13% | 22.41% | 5.63% |
Correlation
The correlation between IBTP and ACWI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024 | 0.15 |
The correlation between IBTP and ACWI shifts across timeframes, from 0.15 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBTP vs. ACWI — Risk / Return Rank
IBTP
ACWI
IBTP vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2034 Term Treasury ETF (IBTP) and iShares MSCI ACWI ETF (ACWI). 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.
| IBTP | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.01 | -1.92 |
| Martin ratioReturn relative to average drawdown | 3.25 | 13.53 | -10.28 |
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
| IBTP | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 2.29 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.43 | +0.24 |
Drawdowns
IBTP vs. ACWI - Drawdown Comparison
The maximum IBTP drawdown since its inception was -7.40%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IBTP and ACWI.
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Drawdown Indicators
| IBTP | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.40% | -56.00% | +48.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -9.73% | +5.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -2.77% | -0.83% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -8.61% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.16% | -0.82% |
Volatility
IBTP vs. ACWI - Volatility Comparison
The current volatility for iShares iBonds Dec 2034 Term Treasury ETF (IBTP) is 1.49%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.93%. This indicates that IBTP experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTP | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 3.93% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 10.29% | -7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 12.78% | -8.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.96% | 16.05% | -10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.96% | 17.11% | -11.15% |
IBTP vs. ACWI - Expense Ratio Comparison
IBTP has a 0.07% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Dividends
IBTP vs. ACWI - Dividend Comparison
IBTP's dividend yield for the trailing twelve months is around 4.05%, more than ACWI's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.38% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
IBTP iShares iBonds Dec 2034 Term Treasury ETF | 4.05% | 3.92% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTP and ACWI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWI has higher volatility (3.93%) compared to IBTP (1.49%). In terms of maximum drawdown, IBTP dropped -7.40% vs ACWI's -56.00%.
On 1-year performance, ACWI leads with 29.18% vs 4.34% for IBTP. On fees, IBTP is cheaper at 0.07% per year. On volatility, IBTP has been the lower-risk option at 1.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ACWI has performed better with a 29.18% return vs 4.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTP is cheaper with a 0.07% expense ratio, compared with 0.32% for ACWI.
IBTP has the higher dividend yield at 4.05%, compared with 1.38% for ACWI.
IBTP is categorized as Government Bonds, while ACWI is Global Equities. IBTP tracks ICE 2034 Maturity US Treasury Index, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.07% for IBTP and 0.32% for ACWI.
ACWI currently has the higher Sharpe Ratio (2.29 vs 0.91), 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.
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