IEI vs. XFIV
IEI (iShares 3-7 Year Treasury Bond ETF) and XFIV (BondBloxx Bloomberg Five Year Target Duration US Treasury ETF) are both Government Bonds funds - IEI tracks the ICE U.S. Treasury 3-7 Year Bond Index while XFIV tracks the Bloomberg US Treasury 5 Year Target Duration Index. Both are passively managed. Over the past 3 years, IEI returned 3.52%/yr vs 3.51%/yr for XFIV. With a 0.99 correlation, they move nearly in lockstep. IEI charges 0.15%/yr vs 0.05%/yr for XFIV.
Performance
IEI vs. XFIV - Performance Comparison
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Returns By Period
In the year-to-date period, IEI achieves a -0.42% return, which is significantly higher than XFIV's -0.47% return.
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%
XFIV
- 1D
- -0.18%
- 1M
- -0.16%
- YTD
- -0.47%
- 6M
- -0.68%
- 1Y
- 3.51%
- 3Y*
- 3.51%
- 5Y*
- —
- 10Y*
- —
IEI vs. XFIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | -0.42% | 6.96% | 1.81% | 4.42% | -0.46% |
XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | -0.47% | 7.43% | 1.52% | 4.40% | -0.56% |
Correlation
The correlation between IEI and XFIV is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.99 |
The correlation between IEI and XFIV has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
IEI vs. XFIV — Risk / Return Rank
IEI
XFIV
IEI vs. XFIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) and BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (XFIV). 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 | XFIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.21 | +0.11 |
| Martin ratioReturn relative to average drawdown | 3.96 | 3.61 | +0.35 |
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
| IEI | XFIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 1.01 | +0.07 |
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 | 0.61 | +0.09 |
Drawdowns
IEI vs. XFIV - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, which is greater than XFIV's maximum drawdown of -6.38%. Use the drawdown chart below to compare losses from any high point for IEI and XFIV.
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Drawdown Indicators
| IEI | XFIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -6.38% | -8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -2.91% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -4.47% | +0.81% |
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 | -1.85% | -2.15% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -1.66% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.97% | -0.14% |
Volatility
IEI vs. XFIV - Volatility Comparison
The current volatility for iShares 3-7 Year Treasury Bond ETF (IEI) is 0.91%, while BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (XFIV) has a volatility of 1.09%. This indicates that IEI experiences smaller price fluctuations and is considered to be less risky than XFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEI | XFIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.09% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 2.41% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 3.48% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 5.42% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 5.42% | -1.49% |
IEI vs. XFIV - Expense Ratio Comparison
IEI has a 0.15% expense ratio, which is higher than XFIV's 0.05% 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. XFIV - Dividend Comparison
IEI's dividend yield for the trailing twelve months is around 3.64%, less than XFIV's 3.82% 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% |
XFIV BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | 3.82% | 4.05% | 3.92% | 3.63% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, IEI and XFIV 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.
XFIV has higher volatility (1.09%) compared to IEI (0.91%). In terms of maximum drawdown, IEI dropped -14.60% vs XFIV's -6.38%.
On 3-year performance, IEI leads with 3.52% vs 3.51% for XFIV. On fees, XFIV is cheaper at 0.05% per year. On volatility, IEI has been the lower-risk option at 0.91%. 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 3.52% return vs 3.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XFIV is cheaper with a 0.05% expense ratio, compared with 0.15% for IEI.
XFIV has the higher dividend yield at 3.82%, compared with 3.64% for IEI.
IEI tracks ICE U.S. Treasury 3-7 Year Bond Index, while XFIV tracks Bloomberg US Treasury 5 Year Target Duration Index. They also come from different issuers: iShares and BondBloxx. Their fees differ too: 0.15% for IEI and 0.05% for XFIV.
IEI currently has the higher Sharpe Ratio (1.09 vs 1.01), 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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