ITDD vs. ITDE
ITDD (Ishares Lifepath Target Date 2040 ETF) and ITDE (Ishares Lifepath Target Date 2045 ETF) are both Target Retirement Date funds from iShares. Both are actively managed. Over the past year, ITDD returned 20.04% vs 22.65% for ITDE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.11% expense ratio.
Performance
ITDD vs. ITDE - Performance Comparison
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Returns By Period
In the year-to-date period, ITDD achieves a 8.11% return, which is significantly lower than ITDE's 9.12% return.
ITDD
- 1D
- -1.22%
- 1M
- 0.09%
- YTD
- 8.11%
- 6M
- 7.50%
- 1Y
- 20.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITDE
- 1D
- -1.44%
- 1M
- 0.03%
- YTD
- 9.12%
- 6M
- 8.56%
- 1Y
- 22.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITDD vs. ITDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 8.11% | 17.66% | 13.08% | 12.87% |
ITDE Ishares Lifepath Target Date 2045 ETF | 9.12% | 19.34% | 14.62% | 13.21% |
Correlation
The correlation between ITDD and ITDE 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 (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.99 |
The correlation between ITDD and ITDE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
ITDD vs. ITDE — Risk / Return Rank
ITDD
ITDE
ITDD vs. ITDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) and Ishares Lifepath Target Date 2045 ETF (ITDE). 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.
| ITDD | ITDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.70 | -0.03 |
| Martin ratioReturn relative to average drawdown | 11.44 | 11.61 | -0.17 |
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Drawdowns
ITDD vs. ITDE - Drawdown Comparison
The maximum ITDD drawdown since its inception was -12.46%, smaller than the maximum ITDE drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for ITDD and ITDE.
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Drawdown Indicators
| ITDD | ITDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.46% | -14.67% | +2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -8.44% | +0.88% |
Current DrawdownCurrent decline from peak | -1.59% | -1.88% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -1.42% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.96% | -0.20% |
Volatility
ITDD vs. ITDE - Volatility Comparison
The current volatility for Ishares Lifepath Target Date 2040 ETF (ITDD) is 4.07%, while Ishares Lifepath Target Date 2045 ETF (ITDE) has a volatility of 4.53%. This indicates that ITDD experiences smaller price fluctuations and is considered to be less risky than ITDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITDD | ITDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 4.53% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 9.64% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 11.60% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.56% | 13.02% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 13.02% | -1.46% |
ITDD vs. ITDE - Expense Ratio Comparison
Both ITDD and ITDE have an expense ratio of 0.11%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ITDD vs. ITDE - Dividend Comparison
ITDD's dividend yield for the trailing twelve months is around 1.69%, which matches ITDE's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 1.69% | 1.82% | 1.56% | 0.89% |
ITDE Ishares Lifepath Target Date 2045 ETF | 1.70% | 1.86% | 1.64% | 0.87% |
Frequently Asked Questions
With a correlation of 0.99, ITDD and ITDE 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.
ITDE has higher volatility (4.53%) compared to ITDD (4.07%). In terms of maximum drawdown, ITDD dropped -12.46% vs ITDE's -14.67%.
On 1-year performance, ITDE leads with 22.65% vs 20.04% for ITDD. Both ETFs have the same 0.11% expense ratio. On volatility, ITDD has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITDE has performed better with a 22.65% return vs 20.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITDD and ITDE have the same expense ratio: 0.11% per year.
ITDE has the higher dividend yield at 1.70%, compared with 1.69% for ITDD.
ITDE currently has the higher Sharpe Ratio (1.97 vs 1.96), 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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