POWR vs. IBTG
POWR (iShares U.S. Power Infrastructure ETF) and IBTG (iShares iBonds Dec 2026 Term Treasury ETF) are both exchange-traded funds - POWR is a Utilities Equities fund actively managed by iShares, while IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury Index. POWR is actively managed, while IBTG is passively managed. Over the past 5 years, POWR returned 15.16%/yr vs 0.84%/yr for IBTG. At a correlation of -0.14, they often move in opposite directions. POWR charges 0.40%/yr vs 0.07%/yr for IBTG.
Performance
POWR vs. IBTG - Performance Comparison
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Returns By Period
In the year-to-date period, POWR achieves a 18.53% return, which is significantly higher than IBTG's 1.44% return.
POWR
- 1D
- -0.11%
- 1M
- -0.93%
- YTD
- 18.53%
- 6M
- 15.28%
- 1Y
- 28.87%
- 3Y*
- 12.09%
- 5Y*
- 15.16%
- 10Y*
- 8.66%
IBTG
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.44%
- 6M
- 1.80%
- 1Y
- 4.14%
- 3Y*
- 4.11%
- 5Y*
- 0.84%
- 10Y*
- —
POWR vs. IBTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
POWR iShares U.S. Power Infrastructure ETF | 18.53% | 10.81% | -1.30% | 3.66% | 42.54% | 42.03% | -7.44% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 1.44% | 4.40% | 3.97% | 4.34% | -8.18% | -3.04% | 3.99% |
Correlation
The correlation between POWR and IBTG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | -0.14 |
The correlation between POWR and IBTG shifts across timeframes, from -0.14 (all time) to -0.03 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
POWR vs. IBTG — Risk / Return Rank
POWR
IBTG
POWR vs. IBTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Power Infrastructure ETF (POWR) and iShares iBonds Dec 2026 Term Treasury ETF (IBTG). 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.
| POWR | IBTG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 8.02 | -6.27 |
Sortino ratioReturn per unit of downside risk | 2.41 | 20.36 | -17.95 |
Omega ratioGain probability vs. loss probability | 1.30 | 4.40 | -3.10 |
Calmar ratioReturn relative to maximum drawdown | 4.85 | 63.59 | -58.74 |
Martin ratioReturn relative to average drawdown | 12.19 | 256.63 | -244.44 |
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
| POWR | IBTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 8.02 | -6.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.26 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.29 | -0.10 |
Drawdowns
POWR vs. IBTG - Drawdown Comparison
The maximum POWR drawdown since its inception was -65.98%, which is greater than IBTG's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for POWR and IBTG.
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Drawdown Indicators
| POWR | IBTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.98% | -13.62% | -52.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -0.07% | -5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.14% | -1.33% | -21.81% |
Max Drawdown (5Y)Largest decline over 5 years | -25.09% | -12.31% | -12.78% |
Max Drawdown (10Y)Largest decline over 10 years | -63.42% | — | — |
Current DrawdownCurrent decline from peak | -1.45% | 0.00% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -18.15% | -4.90% | -13.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 0.02% | +2.36% |
Volatility
POWR vs. IBTG - Volatility Comparison
iShares U.S. Power Infrastructure ETF (POWR) has a higher volatility of 5.80% compared to iShares iBonds Dec 2026 Term Treasury ETF (IBTG) at 0.12%. This indicates that POWR's price experiences larger fluctuations and is considered to be riskier than IBTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| POWR | IBTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 0.12% | +5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 0.32% | +12.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 0.52% | +16.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 3.27% | +19.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.62% | 3.45% | +22.17% |
POWR vs. IBTG - Expense Ratio Comparison
POWR has a 0.40% expense ratio, which is higher than IBTG's 0.07% expense ratio.
Dividends
POWR vs. IBTG - Dividend Comparison
POWR's dividend yield for the trailing twelve months is around 6.67%, more than IBTG's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.96% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
POWR iShares U.S. Power Infrastructure ETF | 6.67% | 7.56% | 4.36% | 4.16% | 4.82% | 3.94% | 3.96% | 5.71% | 3.17% | 3.11% | 2.75% | 3.42% |
Frequently Asked Questions
POWR and IBTG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
POWR has higher volatility (5.80%) compared to IBTG (0.12%). In terms of maximum drawdown, POWR dropped -65.98% vs IBTG's -13.62%.
On 5-year performance, POWR leads with 15.16% vs 0.84% for IBTG. On fees, IBTG is cheaper at 0.07% per year. On volatility, IBTG has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, POWR has performed better with a 15.16% return vs 0.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTG is cheaper with a 0.07% expense ratio, compared with 0.40% for POWR.
POWR has the higher dividend yield at 6.67%, compared with 3.96% for IBTG.
POWR is categorized as Utilities Equities, while IBTG is Government Bonds. Their fees differ too: 0.40% for POWR and 0.07% for IBTG.
IBTG currently has the higher Sharpe Ratio (8.02 vs 1.74), 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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