IEI vs. UTHY
IEI (iShares 3-7 Year Treasury Bond ETF) and UTHY (US Treasury 30 Year Bond ETF) are both Government Bonds funds - IEI tracks the ICE U.S. Treasury 3-7 Year Bond Index while UTHY tracks the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, IEI returned 3.77%/yr vs -1.74%/yr for UTHY. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
IEI vs. UTHY - Performance Comparison
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Returns By Period
In the year-to-date period, IEI achieves a -0.30% return, which is significantly lower than UTHY's 0.07% return.
IEI
- 1D
- -0.12%
- 1M
- -0.00%
- YTD
- -0.30%
- 6M
- -0.00%
- 1Y
- 2.97%
- 3Y*
- 3.77%
- 5Y*
- 0.21%
- 10Y*
- 1.24%
UTHY
- 1D
- -0.30%
- 1M
- 1.48%
- YTD
- 0.07%
- 6M
- 0.39%
- 1Y
- 2.42%
- 3Y*
- -1.74%
- 5Y*
- —
- 10Y*
- —
IEI vs. UTHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | -0.30% | 6.96% | 1.81% | 1.85% |
UTHY US Treasury 30 Year Bond ETF | 0.07% | 3.47% | -8.07% | -2.77% |
Correlation
The correlation between IEI and UTHY is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.82 |
The correlation between IEI and UTHY has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
IEI vs. UTHY — Risk / Return Rank
IEI
UTHY
IEI vs. UTHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) and US Treasury 30 Year Bond ETF (UTHY). 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.
| IEI | UTHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.05 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.33 | +0.86 |
| Martin ratioReturn relative to average drawdown | 3.35 | 0.81 | +2.54 |
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Drawdowns
IEI vs. UTHY - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, smaller than the maximum UTHY drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for IEI and UTHY.
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Drawdown Indicators
| IEI | UTHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -21.86% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -7.34% | +4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -18.58% | +14.92% |
Max Drawdown (5Y)Largest decline over 5 years | -13.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.60% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -11.07% | +9.33% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -10.71% | +8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 3.00% | -2.11% |
Volatility
IEI vs. UTHY - Volatility Comparison
The current volatility for iShares 3-7 Year Treasury Bond ETF (IEI) is 0.98%, while US Treasury 30 Year Bond ETF (UTHY) has a volatility of 2.79%. This indicates that IEI experiences smaller price fluctuations and is considered to be less risky than UTHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEI | UTHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 2.79% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 6.36% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 9.33% | -6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.78% | 13.62% | -8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 13.62% | -9.69% |
IEI vs. UTHY - Expense Ratio Comparison
Both IEI and UTHY have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IEI vs. UTHY - Dividend Comparison
IEI's dividend yield for the trailing twelve months is around 3.64%, less than UTHY's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UTHY US Treasury 30 Year Bond ETF | 4.62% | 4.53% | 4.58% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEI and UTHY have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTHY has higher volatility (2.79%) compared to IEI (0.98%). In terms of maximum drawdown, IEI dropped -14.60% vs UTHY's -21.86%.
On 3-year performance, IEI leads with 3.77% vs -1.74% for UTHY. Both ETFs have the same 0.15% expense ratio. On volatility, IEI has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IEI has performed better with a 3.77% return vs -1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEI and UTHY have the same expense ratio: 0.15% per year.
UTHY has the higher dividend yield at 4.62%, compared with 3.64% for IEI.
IEI tracks ICE U.S. Treasury 3-7 Year Bond Index, while UTHY tracks ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross. They also come from different issuers: iShares and US Benchmark Series.
IEI currently has the higher Sharpe Ratio (1.00 vs 0.26), 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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