IMTB vs. BNDS
IMTB (iShares Core 5-10 Year USD Bond ETF) and BNDS (Infrastructure Capital Bond Income ETF) are both Intermediate Core-Plus Bond funds. IMTB is passively managed, while BNDS is actively managed. Over the past year, IMTB returned 5.66% vs 12.63% for BNDS. At a 0.47 correlation, their price movements are largely independent. IMTB charges 0.06%/yr vs 0.81%/yr for BNDS.
Performance
IMTB vs. BNDS - Performance Comparison
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Returns By Period
In the year-to-date period, IMTB achieves a 0.14% return, which is significantly lower than BNDS's 4.40% return.
IMTB
- 1D
- 0.16%
- 1M
- 0.13%
- YTD
- 0.14%
- 6M
- 0.49%
- 1Y
- 5.66%
- 3Y*
- 4.82%
- 5Y*
- 0.58%
- 10Y*
- —
BNDS
- 1D
- 0.16%
- 1M
- 0.15%
- YTD
- 4.40%
- 6M
- 4.56%
- 1Y
- 12.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMTB vs. BNDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IMTB iShares Core 5-10 Year USD Bond ETF | 0.14% | 9.12% |
BNDS Infrastructure Capital Bond Income ETF | 4.40% | 8.30% |
Correlation
The correlation between IMTB and BNDS is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.47 |
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Return for Risk
IMTB vs. BNDS — Risk / Return Rank
IMTB
BNDS
IMTB vs. BNDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 5-10 Year USD Bond ETF (IMTB) and Infrastructure Capital Bond Income ETF (BNDS). 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.
| IMTB | BNDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.76 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 3.68 | -1.69 |
| Martin ratioReturn relative to average drawdown | 6.13 | 16.97 | -10.84 |
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
| IMTB | BNDS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 3.59 | -2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.77 | -1.40 |
Drawdowns
IMTB vs. BNDS - Drawdown Comparison
The maximum IMTB drawdown since its inception was -18.15%, which is greater than BNDS's maximum drawdown of -6.96%. Use the drawdown chart below to compare losses from any high point for IMTB and BNDS.
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Drawdown Indicators
| IMTB | BNDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -6.96% | -11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.45% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -6.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | — | — |
Current DrawdownCurrent decline from peak | -1.58% | -0.19% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -0.82% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.75% | +0.17% |
Volatility
IMTB vs. BNDS - Volatility Comparison
iShares Core 5-10 Year USD Bond ETF (IMTB) has a higher volatility of 1.46% compared to Infrastructure Capital Bond Income ETF (BNDS) at 0.86%. This indicates that IMTB's price experiences larger fluctuations and is considered to be riskier than BNDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMTB | BNDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.86% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 2.74% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 3.54% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 5.28% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.18% | 5.28% | -0.10% |
IMTB vs. BNDS - Expense Ratio Comparison
IMTB has a 0.06% expense ratio, which is lower than BNDS's 0.81% expense ratio.
Dividends
IMTB vs. BNDS - Dividend Comparison
IMTB's dividend yield for the trailing twelve months is around 4.52%, less than BNDS's 7.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BNDS Infrastructure Capital Bond Income ETF | 7.96% | 7.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMTB iShares Core 5-10 Year USD Bond ETF | 4.52% | 4.40% | 4.42% | 4.13% | 2.90% | 2.49% | 2.63% | 2.91% | 3.04% | 2.75% | 0.40% |
Frequently Asked Questions
IMTB and BNDS have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMTB has higher volatility (1.46%) compared to BNDS (0.86%). In terms of maximum drawdown, IMTB dropped -18.15% vs BNDS's -6.96%.
On 1-year performance, BNDS leads with 12.63% vs 5.66% for IMTB. On fees, IMTB is cheaper at 0.06% per year. On volatility, BNDS has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BNDS has performed better with a 12.63% return vs 5.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMTB is cheaper with a 0.06% expense ratio, compared with 0.81% for BNDS.
BNDS has the higher dividend yield at 7.96%, compared with 4.52% for IMTB.
They also come from different issuers: iShares and InfraCap. Their fees differ too: 0.06% for IMTB and 0.81% for BNDS.
BNDS currently has the higher Sharpe Ratio (3.59 vs 1.41), 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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