IEI vs. IBTE

Last updated Jun 4, 2026

IEI (iShares 3-7 Year Treasury Bond ETF) and IBTE (iShares iBonds Dec 2024 Term Treasury ETF) are both Government Bonds funds from iShares - IEI tracks the ICE U.S. Treasury 3-7 Year Bond Index while IBTE tracks the ICE 2024 Maturity US Treasury Index. Both are passively managed. IEI charges 0.15%/yr vs 0.07%/yr for IBTE.

Performance

IEI vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 3-7 Year Treasury Bond ETF (IEI) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IEI

• 1D: -0.13%
• 1M: -0.17%
• YTD: -0.42%
• 6M: -0.49%
• 1Y: 3.28%
• 3Y*: 3.52%
• 5Y*: 0.23%
• 10Y*: 1.28%

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IEI vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
IEI iShares 3-7 Year Treasury Bond ETF	-0.69%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Return for Risk

IEI vs. IBTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IEI

IEI Risk / Return Rank: 28
IEI Sharpe Ratio Rank: 29
IEI Sortino Ratio Rank: 30
IEI Omega Ratio Rank: 27
IEI Calmar Ratio Rank: 27
IEI Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEI vs. IBTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). 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.

	IEI	IBTE	Difference
Sharpe ratio: Return per unit of total volatility	1.09	—	—
Sortino ratio: Return per unit of downside risk	1.65	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.32	—	—
Martin ratio: Return relative to average drawdown	3.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IEI	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	—	—

Drawdowns

IEI vs. IBTE - Drawdown Comparison

The maximum IEI drawdown since its inception was -14.60%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IEI and IBTE.

Drawdown Indicators

	IEI	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-14.60%	0.00%	-14.60%
Max Drawdown (1Y) Largest decline over 1 year	-2.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.60%	—	—
Current Drawdown Current decline from peak	-1.85%	0.00%	-1.85%
Average Drawdown Average peak-to-trough decline	-2.67%	0.00%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	—	—

Volatility

Volatility by Period

	IEI	IBTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.04%	0.00%	+3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.77%	0.00%	+4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.93%	0.00%	+3.93%

IEI vs. IBTE - Expense Ratio Comparison

IEI has a 0.15% expense ratio, which is higher than IBTE's 0.07% 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

IEI vs. IBTE - Dividend Comparison

IEI's dividend yield for the trailing twelve months is around 3.64%, while IBTE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IEI iShares 3-7 Year Treasury Bond ETF	3.64%	3.48%	3.18%	2.36%	1.37%	0.73%	1.12%	2.01%	1.95%	1.51%	1.33%	1.39%

Frequently Asked Questions

Which ETF is better, IEI or IBTE?

On fees, IBTE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IEI or IBTE?

IBTE is cheaper with a 0.07% expense ratio, compared with 0.15% for IEI.

Which ETF pays a higher dividend yield, IEI or IBTE?

IEI has the higher dividend yield at 3.64%, compared with 0.00% for IBTE.

What is the main difference between IEI and IBTE?

IEI tracks ICE U.S. Treasury 3-7 Year Bond Index, while IBTE tracks ICE 2024 Maturity US Treasury Index. Their fees differ too: 0.15% for IEI and 0.07% for IBTE.