ILTB vs. IBGK
ILTB (iShares Core 10+ Year USD Bond ETF) and IBGK (iShares iBonds Dec 2054 Term Treasury ETF) are both Long-Term Bond funds from iShares - ILTB tracks the Bloomberg U.S. Universal 10+ Year Index (USD) while IBGK tracks the ICE 2054 Maturity US Treasury Index. Both are passively managed. Over the past year, ILTB returned 0.54% vs -1.96% for IBGK. Their 0.95 correlation means they have historically moved very closely together. ILTB charges 0.06%/yr vs 0.07%/yr for IBGK.
Performance
ILTB vs. IBGK - Performance Comparison
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Returns By Period
In the year-to-date period, ILTB achieves a -2.31% return, which is significantly higher than IBGK's -3.18% return.
ILTB
- 1D
- 0.40%
- 1M
- -3.14%
- 6M
- -2.28%
- YTD
- -2.31%
- 1Y
- 0.54%
- 3Y*
- 2.67%
- 5Y*
- -4.57%
- 10Y*
- 0.70%
- ALL TIME*
- 3.71%
IBGK
- 1D
- 0.42%
- 1M
- -3.43%
- 6M
- -2.71%
- YTD
- -3.18%
- 1Y
- -1.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.80K | $17.29K | $31.57K | |
| $1.83M | $1.76M | $2.56M |
ILTB vs. IBGK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ILTB iShares Core 10+ Year USD Bond ETF | -2.31% | 7.22% | 0.18% |
IBGK iShares iBonds Dec 2054 Term Treasury ETF | -3.18% | 3.66% | -3.44% |
Correlation
The correlation between ILTB and IBGK is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2024 | 0.95 |
The correlation between ILTB and IBGK has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
ILTB vs. IBGK — Risk / Return Rank
ILTB
IBGK
ILTB vs. IBGK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 10+ Year USD Bond ETF (ILTB) and iShares iBonds Dec 2054 Term Treasury ETF (IBGK). 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.
| ILTB | IBGK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.97 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.26 | +0.36 |
| Martin ratioReturn relative to average drawdown | 0.22 | -0.57 | +0.79 |
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Drawdowns
ILTB vs. IBGK - Drawdown Comparison
The maximum ILTB drawdown since its inception was -36.88%, which is greater than IBGK's maximum drawdown of -14.62%. Use the drawdown chart below to compare losses from any high point for ILTB and IBGK.
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Drawdown Indicators
| ILTB | IBGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.88% | -14.62% | -22.26% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -7.48% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -11.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.88% | — | — |
Current DrawdownCurrent decline from peak | -23.33% | -11.76% | -11.57% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -8.15% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 3.44% | -0.96% |
Volatility
ILTB vs. IBGK - Volatility Comparison
The current volatility for iShares Core 10+ Year USD Bond ETF (ILTB) is 2.11%, while iShares iBonds Dec 2054 Term Treasury ETF (IBGK) has a volatility of 2.45%. This indicates that ILTB experiences smaller price fluctuations and is considered to be less risky than IBGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ILTB | IBGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 2.45% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 5.86% | 6.58% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.61% | 8.86% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.59% | 11.62% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.54% | 11.62% | -0.08% |
ILTB vs. IBGK - Expense Ratio Comparison
ILTB has a 0.06% expense ratio, which is lower than IBGK's 0.07% expense ratio. Despite the difference, 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. IBGK - Dividend Comparison
ILTB's dividend yield for the trailing twelve months is around 5.14%, more than IBGK's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGK iShares iBonds Dec 2054 Term Treasury ETF | 4.84% | 4.59% | 3.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ILTB iShares Core 10+ Year USD Bond ETF | 5.14% | 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 0.96, ILTB and IBGK 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.
IBGK has higher volatility (2.45%) compared to ILTB (2.11%). In terms of maximum drawdown, ILTB dropped -36.88% vs IBGK's -14.62%.
On 1-year performance, ILTB leads with 0.54% vs -1.96% for IBGK. On fees, ILTB is cheaper at 0.06% per year. On volatility, ILTB has been the lower-risk option at 2.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ILTB has performed better with a 0.54% return vs -1.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ILTB is cheaper with a 0.06% expense ratio, compared with 0.07% for IBGK.
ILTB has the higher dividend yield at 5.14%, compared with 4.84% for IBGK.
ILTB tracks Bloomberg U.S. Universal 10+ Year Index (USD), while IBGK tracks ICE 2054 Maturity US Treasury Index. Their fees differ too: 0.06% for ILTB and 0.07% for IBGK.
ILTB currently has the higher Sharpe Ratio (0.07 vs -0.22), 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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