ILTB vs. BIV
ILTB (iShares Core 10+ Year USD Bond ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both exchange-traded funds - ILTB is a Long-Term Bond fund tracking the Bloomberg U.S. Universal 10+ Year Index (USD), while BIV is a Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. Both are passively managed. Over the past 10 years, ILTB returned 1.32%/yr vs 1.91%/yr for BIV. Their correlation of 0.81 suggests significant overlap in exposure. ILTB charges 0.06%/yr vs 0.03%/yr for BIV.
Performance
ILTB vs. BIV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ILTB achieves a 0.30% return, which is significantly higher than BIV's -0.24% return. Over the past 10 years, ILTB has underperformed BIV with an annualized return of 1.32%, while BIV has yielded a comparatively higher 1.91% annualized return.
ILTB
- 1D
- -0.33%
- 1M
- 1.04%
- YTD
- 0.30%
- 6M
- -0.71%
- 1Y
- 7.17%
- 3Y*
- 2.78%
- 5Y*
- -2.88%
- 10Y*
- 1.32%
BIV
- 1D
- -0.22%
- 1M
- 0.04%
- YTD
- -0.24%
- 6M
- -0.48%
- 1Y
- 4.80%
- 3Y*
- 4.27%
- 5Y*
- 0.25%
- 10Y*
- 1.91%
ILTB vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILTB iShares Core 10+ Year USD Bond ETF | 0.30% | 7.22% | -3.00% | 8.04% | -26.62% | -2.67% | 16.10% | 19.61% | -5.10% | 11.24% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.24% | 8.52% | 1.57% | 6.07% | -13.21% | -2.40% | 9.67% | 10.34% | -0.19% | 3.65% |
Correlation
The correlation between ILTB and BIV is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2009 | 0.81 |
The correlation between ILTB and BIV shifts across timeframes, from 0.81 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ILTB vs. BIV — Risk / Return Rank
ILTB
BIV
ILTB vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 10+ Year USD Bond ETF (ILTB) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| ILTB | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.52 | -0.19 |
| Martin ratioReturn relative to average drawdown | 3.38 | 4.60 | -1.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ILTB | BIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.19 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.04 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | 0.35 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.65 | -0.30 |
Drawdowns
ILTB vs. BIV - Drawdown Comparison
The maximum ILTB drawdown since its inception was -36.88%, which is greater than BIV's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for ILTB and BIV.
Loading charts...
Drawdown Indicators
| ILTB | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.88% | -18.95% | -17.93% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -3.18% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -6.07% | -8.53% |
Max Drawdown (5Y)Largest decline over 5 years | -35.22% | -18.74% | -16.48% |
Max Drawdown (10Y)Largest decline over 10 years | -36.88% | -18.95% | -17.93% |
Current DrawdownCurrent decline from peak | -21.28% | -2.04% | -19.24% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -3.39% | -6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.05% | +1.08% |
Volatility
ILTB vs. BIV - Volatility Comparison
iShares Core 10+ Year USD Bond ETF (ILTB) has a higher volatility of 2.50% compared to Vanguard Intermediate-Term Bond Index ETF (BIV) at 1.36%. This indicates that ILTB's price experiences larger fluctuations and is considered to be riskier than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ILTB | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 1.36% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 5.54% | 2.90% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 4.06% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.64% | 6.40% | +6.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 5.50% | +6.06% |
ILTB vs. BIV - Expense Ratio Comparison
ILTB has a 0.06% expense ratio, which is higher than BIV'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
ILTB vs. BIV - Dividend Comparison
ILTB's dividend yield for the trailing twelve months is around 4.96%, more than BIV's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.22% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
ILTB iShares Core 10+ Year USD Bond ETF | 4.96% | 4.83% | 4.91% | 4.38% | 4.31% | 3.04% | 3.32% | 3.45% | 4.13% | 3.97% | 3.99% | 4.20% |
Frequently Asked Questions
With a correlation of 0.90, ILTB and BIV 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.
ILTB has higher volatility (2.50%) compared to BIV (1.36%). In terms of maximum drawdown, ILTB dropped -36.88% vs BIV's -18.95%.
On 10-year performance, BIV leads with 1.91% vs 1.32% for ILTB. On fees, BIV is cheaper at 0.03% per year. On volatility, BIV has been the lower-risk option at 1.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BIV has performed better with a 1.91% return vs 1.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIV is cheaper with a 0.03% expense ratio, compared with 0.06% for ILTB.
ILTB has the higher dividend yield at 4.96%, compared with 4.22% for BIV.
ILTB is categorized as Long-Term Bond, while BIV is Intermediate Core Bond. ILTB tracks Bloomberg U.S. Universal 10+ Year Index (USD), while BIV tracks Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.06% for ILTB and 0.03% for BIV.
BIV currently has the higher Sharpe Ratio (1.19 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.
Find the right allocation for ILTB and BIV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer