UITB vs. IBTM
UITB (VictoryShares Core Intermediate Bond ETF) and IBTM (iShares iBonds Dec 2032 Term Treasury ETF) are both Intermediate Core Bond funds. UITB is actively managed, while IBTM is passively managed. Over the past 3 years, UITB returned 4.33%/yr vs 2.68%/yr for IBTM. With a 0.95 correlation, they move nearly in lockstep. UITB charges 0.38%/yr vs 0.07%/yr for IBTM.
Performance
UITB vs. IBTM - Performance Comparison
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Returns By Period
In the year-to-date period, UITB achieves a 0.17% return, which is significantly higher than IBTM's -0.50% return.
UITB
- 1D
- -0.19%
- 1M
- 0.24%
- YTD
- 0.17%
- 6M
- 0.03%
- 1Y
- 5.06%
- 3Y*
- 4.33%
- 5Y*
- 0.56%
- 10Y*
- —
IBTM
- 1D
- -0.18%
- 1M
- -0.15%
- YTD
- -0.50%
- 6M
- -0.81%
- 1Y
- 3.93%
- 3Y*
- 2.68%
- 5Y*
- —
- 10Y*
- —
UITB vs. IBTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UITB VictoryShares Core Intermediate Bond ETF | 0.17% | 7.32% | 1.81% | 6.49% | -2.03% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.50% | 8.06% | -0.14% | 3.48% | -4.63% |
Correlation
The correlation between UITB and IBTM is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.95 |
The correlation between UITB and IBTM has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
UITB vs. IBTM — Risk / Return Rank
UITB
IBTM
UITB vs. IBTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Intermediate Bond ETF (UITB) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM). 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.
| UITB | IBTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.21 | +0.60 |
| Martin ratioReturn relative to average drawdown | 5.57 | 3.51 | +2.06 |
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
| UITB | IBTM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.96 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.20 | +0.26 |
Drawdowns
UITB vs. IBTM - Drawdown Comparison
The maximum UITB drawdown since its inception was -17.02%, which is greater than IBTM's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for UITB and IBTM.
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Drawdown Indicators
| UITB | IBTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.02% | -13.60% | -3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -3.26% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.44% | -7.86% | +2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.02% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -2.38% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.82% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.12% | -0.21% |
Volatility
UITB vs. IBTM - Volatility Comparison
VictoryShares Core Intermediate Bond ETF (UITB) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM) have volatilities of 1.24% and 1.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UITB | IBTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.20% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.75% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 4.09% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 7.56% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 7.56% | -2.58% |
UITB vs. IBTM - Expense Ratio Comparison
UITB has a 0.38% expense ratio, which is higher than IBTM's 0.07% expense ratio.
Dividends
UITB vs. IBTM - Dividend Comparison
UITB's dividend yield for the trailing twelve months is around 4.17%, more than IBTM's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.95% | 3.87% | 3.96% | 3.39% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UITB VictoryShares Core Intermediate Bond ETF | 4.17% | 4.04% | 3.89% | 3.14% | 2.32% | 1.95% | 2.79% | 3.01% | 2.99% | 0.50% |
Frequently Asked Questions
With a correlation of 0.96, UITB and IBTM 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.
UITB has higher volatility (1.24%) compared to IBTM (1.20%). In terms of maximum drawdown, UITB dropped -17.02% vs IBTM's -13.60%.
On 3-year performance, UITB leads with 4.33% vs 2.68% for IBTM. On fees, IBTM is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UITB has performed better with a 4.33% return vs 2.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTM is cheaper with a 0.07% expense ratio, compared with 0.38% for UITB.
UITB has the higher dividend yield at 4.17%, compared with 3.95% for IBTM.
They also come from different issuers: Victory Capital and iShares. Their fees differ too: 0.38% for UITB and 0.07% for IBTM.
UITB currently has the higher Sharpe Ratio (1.39 vs 0.96), 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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