ITDE vs. ITDD
ITDE (Ishares Lifepath Target Date 2045 ETF) and ITDD (Ishares Lifepath Target Date 2040 ETF) are both Target Retirement Date funds from iShares. Both are actively managed. Over the past year, ITDE returned 22.28% vs 19.43% for ITDD. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.11% expense ratio.
Performance
ITDE vs. ITDD - Performance Comparison
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Returns By Period
In the year-to-date period, ITDE achieves a 12.62% return, which is significantly higher than ITDD's 11.08% return.
ITDE
- 1D
- -0.01%
- 1M
- 1.27%
- 6M
- 9.79%
- YTD
- 12.62%
- 1Y
- 22.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.01%
ITDD
- 1D
- -0.09%
- 1M
- 1.01%
- 6M
- 8.43%
- YTD
- 11.08%
- 1Y
- 19.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $733.64K | $567.99K | $679.84K | |
| $410.56K | $383.70K | $494.56K |
ITDE vs. ITDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDE Ishares Lifepath Target Date 2045 ETF | 12.62% | 19.34% | 14.62% | 13.21% |
ITDD Ishares Lifepath Target Date 2040 ETF | 11.08% | 17.66% | 13.08% | 12.87% |
Correlation
The correlation between ITDE and ITDD is 0.99 - 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. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.99 |
The correlation between ITDE and ITDD has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
ITDE vs. ITDD — Risk / Return Rank
ITDE
ITDD
ITDE vs. ITDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2045 ETF (ITDE) and Ishares Lifepath Target Date 2040 ETF (ITDD). 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.
| ITDE | ITDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.58 | +0.07 |
| Martin ratioReturn relative to average drawdown | 11.20 | 10.86 | +0.34 |
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Drawdowns
ITDE vs. ITDD - Drawdown Comparison
The maximum ITDE drawdown since its inception was -14.67%, which is greater than ITDD's maximum drawdown of -12.46%. Use the drawdown chart below to compare losses from any high point for ITDE and ITDD.
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Drawdown Indicators
| ITDE | ITDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.67% | -12.46% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -7.56% | -0.88% |
Current DrawdownCurrent decline from peak | -0.01% | -0.09% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -1.24% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.79% | +0.20% |
Volatility
ITDE vs. ITDD - Volatility Comparison
Ishares Lifepath Target Date 2045 ETF (ITDE) has a higher volatility of 3.58% compared to Ishares Lifepath Target Date 2040 ETF (ITDD) at 3.26%. This indicates that ITDE's price experiences larger fluctuations and is considered to be riskier than ITDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITDE | ITDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 3.26% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.02% | 9.01% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 10.61% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 11.50% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 11.50% | +1.45% |
ITDE vs. ITDD - Expense Ratio Comparison
Both ITDE and ITDD 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
ITDE vs. ITDD - Dividend Comparison
ITDE's dividend yield for the trailing twelve months is around 1.65%, which matches ITDD's 1.64% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 1.64% | 1.82% | 1.56% | 0.89% |
ITDE Ishares Lifepath Target Date 2045 ETF | 1.65% | 1.86% | 1.64% | 0.87% |
Frequently Asked Questions
With a correlation of 0.99, ITDE and ITDD 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 (3.58%) compared to ITDD (3.26%). In terms of maximum drawdown, ITDE dropped -14.67% vs ITDD's -12.46%.
On 1-year performance, ITDE leads with 22.28% vs 19.43% for ITDD. Both ETFs have the same 0.11% expense ratio. On volatility, ITDD has been the lower-risk option at 3.26%. 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 22.28% return vs 19.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITDE and ITDD have the same expense ratio: 0.11% per year.
ITDE and ITDD have nearly identical dividend yields, around 1.65%.
ITDE currently has the higher Sharpe Ratio (1.89 vs 1.84), 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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