IBTP vs. VTG
IBTP (iShares iBonds Dec 2034 Term Treasury ETF) and VTG (Vanguard Total Treasury ETF) are both Government Bonds funds - IBTP tracks the ICE 2034 Maturity US Treasury Index while VTG tracks the Bloomberg U.S. Treasury Total Return Unhedged USD Index. Both are passively managed. Over the past year, IBTP returned 3.02% vs 2.81% for VTG. With a 0.98 correlation, they move nearly in lockstep. IBTP charges 0.07%/yr vs 0.03%/yr for VTG.
Performance
IBTP vs. VTG - Performance Comparison
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Returns By Period
In the year-to-date period, IBTP achieves a -1.01% return, which is significantly lower than VTG's -0.43% return.
IBTP
- 1D
- -0.40%
- 1M
- -0.58%
- 6M
- -1.03%
- YTD
- -1.01%
- 1Y
- 3.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTG
- 1D
- -0.28%
- 1M
- -0.53%
- 6M
- -0.49%
- YTD
- -0.43%
- 1Y
- 2.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTP vs. VTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBTP iShares iBonds Dec 2034 Term Treasury ETF | -1.01% | 4.06% |
VTG Vanguard Total Treasury ETF | -0.43% | 3.07% |
Correlation
The correlation between IBTP 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 (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.98 |
The correlation between IBTP and VTG has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
IBTP vs. VTG — Risk / Return Rank
IBTP
VTG
IBTP vs. VTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2034 Term Treasury ETF (IBTP) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBTP | VTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.98 | -0.22 |
| Martin ratioReturn relative to average drawdown | 1.95 | 2.56 | -0.61 |
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Drawdowns
IBTP vs. VTG - Drawdown Comparison
The maximum IBTP drawdown since its inception was -7.40%, which is greater than VTG's maximum drawdown of -2.89%. Use the drawdown chart below to compare losses from any high point for IBTP and VTG.
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Drawdown Indicators
| IBTP | VTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.40% | -2.89% | -4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.99% | -2.89% | -1.10% |
Current DrawdownCurrent decline from peak | -3.18% | -2.21% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -0.83% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.10% | +0.45% |
Volatility
IBTP vs. VTG - Volatility Comparison
iShares iBonds Dec 2034 Term Treasury ETF (IBTP) has a higher volatility of 1.56% compared to Vanguard Total Treasury ETF (VTG) at 1.13%. This indicates that IBTP's price experiences larger fluctuations and is considered to be riskier than VTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTP | VTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.13% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.51% | 2.64% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.68% | 3.53% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 3.53% | +2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 3.53% | +2.39% |
IBTP vs. VTG - Expense Ratio Comparison
IBTP 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
IBTP vs. VTG - Dividend Comparison
IBTP's dividend yield for the trailing twelve months is around 4.09%, more than VTG's 3.55% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IBTP iShares iBonds Dec 2034 Term Treasury ETF | 4.09% | 3.92% | 1.78% |
VTG Vanguard Total Treasury ETF | 3.55% | 1.65% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, IBTP 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.
IBTP has higher volatility (1.56%) compared to VTG (1.13%). In terms of maximum drawdown, IBTP dropped -7.40% vs VTG's -2.89%.
On 1-year performance, IBTP leads with 3.02% vs 2.81% for VTG. On fees, VTG is cheaper at 0.03% per year. On volatility, VTG has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBTP has performed better with a 3.02% return vs 2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTG is cheaper with a 0.03% expense ratio, compared with 0.07% for IBTP.
IBTP has the higher dividend yield at 4.09%, compared with 3.55% for VTG.
IBTP tracks ICE 2034 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 IBTP and 0.03% for VTG.
VTG currently has the higher Sharpe Ratio (0.80 vs 0.65), 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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