OBIL vs. IBTE

Last updated Jun 4, 2026

OBIL (US Treasury 12 Month Bill ETF) and IBTE (iShares iBonds Dec 2024 Term Treasury ETF) are both Government Bonds funds - OBIL tracks the ICE BofA US 1-Year Treasury Bill Index - Benchmark TR Gross while IBTE tracks the ICE 2024 Maturity US Treasury Index. Both are passively managed. OBIL charges 0.15%/yr vs 0.07%/yr for IBTE.

Performance

OBIL vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Treasury 12 Month Bill ETF (OBIL) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OBIL

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.17%
• 6M: 1.51%
• 1Y: 3.83%
• 3Y*: 4.55%
• 5Y*: —
• 10Y*: —

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OBIL vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
OBIL US Treasury 12 Month Bill ETF	0.81%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Return for Risk

OBIL vs. IBTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OBIL

OBIL Risk / Return Rank: 99
OBIL Sharpe Ratio Rank: 99
OBIL Sortino Ratio Rank: 99
OBIL Omega Ratio Rank: 99
OBIL Calmar Ratio Rank: 99
OBIL Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OBIL vs. IBTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Treasury 12 Month Bill ETF (OBIL) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). 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.

	OBIL	IBTE	Difference
Sharpe ratio: Return per unit of total volatility	7.07	—	—
Sortino ratio: Return per unit of downside risk	16.19	—	—
Omega ratio: Gain probability vs. loss probability	3.70	—	—
Calmar ratio: Return relative to maximum drawdown	27.56	—	—
Martin ratio: Return relative to average drawdown	150.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	OBIL	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.38	—	—

Drawdowns

OBIL vs. IBTE - Drawdown Comparison

The maximum OBIL drawdown since its inception was -0.33%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for OBIL and IBTE.

Drawdown Indicators

	OBIL	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-0.33%	0.00%	-0.33%
Max Drawdown (1Y) Largest decline over 1 year	-0.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.21%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	0.00%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	—	—

Volatility

Volatility by Period

	OBIL	IBTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.54%	0.00%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.82%	0.00%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.82%	0.00%	+0.82%

OBIL vs. IBTE - Expense Ratio Comparison

OBIL has a 0.15% expense ratio, which is higher than IBTE's 0.07% 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

OBIL vs. IBTE - Dividend Comparison

OBIL's dividend yield for the trailing twelve months is around 3.65%, while IBTE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%
OBIL US Treasury 12 Month Bill ETF	3.65%	3.83%	4.56%	4.92%	0.52%

Frequently Asked Questions

Which ETF is better, OBIL or IBTE?

On fees, IBTE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OBIL or IBTE?

IBTE is cheaper with a 0.07% expense ratio, compared with 0.15% for OBIL.

Which ETF pays a higher dividend yield, OBIL or IBTE?

OBIL has the higher dividend yield at 3.65%, compared with 0.00% for IBTE.

What is the main difference between OBIL and IBTE?

OBIL tracks ICE BofA US 1-Year Treasury Bill Index - Benchmark TR Gross, while IBTE tracks ICE 2024 Maturity US Treasury Index. They also come from different issuers: US Benchmark Series and iShares. Their fees differ too: 0.15% for OBIL and 0.07% for IBTE.