IBTP vs. SOXX
IBTP (iShares iBonds Dec 2034 Term Treasury ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - IBTP is a Government Bonds fund tracking the ICE 2034 Maturity US Treasury Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past year, IBTP returned 4.34% vs 190.05% for SOXX. At a correlation of -0.00, they often move in opposite directions. IBTP charges 0.07%/yr vs 0.34%/yr for SOXX.
Performance
IBTP vs. SOXX - 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 SOXX's 104.57% return.
IBTP
- 1D
- -0.24%
- 1M
- -0.12%
- YTD
- -0.59%
- 6M
- -1.11%
- 1Y
- 4.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXX
- 1D
- 1.76%
- 1M
- 33.25%
- YTD
- 104.57%
- 6M
- 99.43%
- 1Y
- 190.05%
- 3Y*
- 57.39%
- 5Y*
- 34.50%
- 10Y*
- 35.79%
IBTP vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBTP iShares iBonds Dec 2034 Term Treasury ETF | -0.59% | 8.16% | 0.42% |
SOXX iShares Semiconductor ETF | 104.57% | 40.74% | -13.54% |
Correlation
The correlation between IBTP and SOXX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024 | -0.00 |
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Return for Risk
IBTP vs. SOXX — Risk / Return Rank
IBTP
SOXX
IBTP vs. SOXX - 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 Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.74 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 12.13 | -11.04 |
| Martin ratioReturn relative to average drawdown | 3.25 | 46.43 | -43.19 |
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 | SOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 5.61 | -4.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.45 | +0.22 |
Drawdowns
IBTP vs. SOXX - Drawdown Comparison
The maximum IBTP drawdown since its inception was -7.40%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for IBTP and SOXX.
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Drawdown Indicators
| IBTP | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.40% | -70.21% | +62.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -15.77% | +11.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | -2.77% | 0.00% | -2.77% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -19.97% | +17.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 4.11% | -2.77% |
Volatility
IBTP vs. SOXX - Volatility Comparison
The current volatility for iShares iBonds Dec 2034 Term Treasury ETF (IBTP) is 1.49%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that IBTP experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTP | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 14.03% | -12.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 27.35% | -24.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.77% | 34.18% | -29.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.96% | 36.11% | -30.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.96% | 33.43% | -27.47% |
IBTP vs. SOXX - Expense Ratio Comparison
IBTP has a 0.07% expense ratio, which is lower than SOXX's 0.34% expense ratio.
Dividends
IBTP vs. SOXX - Dividend Comparison
IBTP's dividend yield for the trailing twelve months is around 4.05%, more than SOXX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXX iShares Semiconductor ETF | 0.27% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
IBTP and SOXX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (14.03%) compared to IBTP (1.49%). In terms of maximum drawdown, IBTP dropped -7.40% vs SOXX's -70.21%.
On 1-year performance, SOXX leads with 190.05% 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, SOXX has performed better with a 190.05% 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 0.34% for SOXX.
IBTP has the higher dividend yield at 4.05%, compared with 0.27% for SOXX.
IBTP is categorized as Government Bonds, while SOXX is Semiconductors. IBTP tracks ICE 2034 Maturity US Treasury Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.07% for IBTP and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (5.61 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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