UNIY vs. IBTM
UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) and IBTM (iShares iBonds Dec 2032 Term Treasury ETF) are both Intermediate Core Bond funds - UNIY tracks the Bloomberg US Universal Enhanced Yield Index while IBTM tracks the ICE 2032 Maturity US Treasury Index. Both are passively managed. Over the past 3 years, UNIY returned 4.51%/yr vs 2.68%/yr for IBTM. Their correlation of 0.93 suggests significant overlap in exposure. UNIY charges 0.15%/yr vs 0.07%/yr for IBTM.
Performance
UNIY vs. IBTM - Performance Comparison
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Returns By Period
In the year-to-date period, UNIY achieves a 0.40% return, which is significantly higher than IBTM's -0.50% return.
UNIY
- 1D
- -0.21%
- 1M
- 0.38%
- YTD
- 0.40%
- 6M
- 0.35%
- 1Y
- 5.54%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
IBTM
- 1D
- -0.18%
- 1M
- -0.15%
- YTD
- -0.50%
- 6M
- -0.81%
- 1Y
- 3.93%
- 3Y*
- 2.68%
- 5Y*
- —
- 10Y*
- —
UNIY vs. IBTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 0.40% | 7.37% | 1.86% | 3.90% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.50% | 8.06% | -0.14% | 1.59% |
Correlation
The correlation between UNIY and IBTM is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023 | 0.93 |
The correlation between UNIY and IBTM has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
UNIY vs. IBTM — Risk / Return Rank
UNIY
IBTM
UNIY vs. IBTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) 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.
| UNIY | IBTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.21 | +0.99 |
| Martin ratioReturn relative to average drawdown | 6.84 | 3.51 | +3.33 |
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
| UNIY | IBTM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.96 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.20 | +0.64 |
Drawdowns
UNIY vs. IBTM - Drawdown Comparison
The maximum UNIY drawdown since its inception was -6.27%, smaller than the maximum IBTM drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for UNIY and IBTM.
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Drawdown Indicators
| UNIY | IBTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -13.60% | +7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -3.26% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -7.86% | +2.46% |
Current DrawdownCurrent decline from peak | -1.18% | -2.38% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -4.82% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.12% | -0.31% |
Volatility
UNIY vs. IBTM - Volatility Comparison
WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM) have volatilities of 1.26% 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
| UNIY | IBTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.20% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.75% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 4.09% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 7.56% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 7.56% | -2.71% |
UNIY vs. IBTM - Expense Ratio Comparison
UNIY has a 0.15% expense ratio, which is higher than IBTM'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
UNIY vs. IBTM - Dividend Comparison
UNIY's dividend yield for the trailing twelve months is around 4.85%, more than IBTM's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.95% | 3.87% | 3.96% | 3.39% | 1.38% |
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund | 4.85% | 4.95% | 4.86% | 3.99% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, UNIY 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.
UNIY has higher volatility (1.26%) compared to IBTM (1.20%). In terms of maximum drawdown, UNIY dropped -6.27% vs IBTM's -13.60%.
On 3-year performance, UNIY leads with 4.51% 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, UNIY has performed better with a 4.51% 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 0.15% for UNIY.
UNIY has the higher dividend yield at 4.85%, compared with 3.95% for IBTM.
UNIY tracks Bloomberg US Universal Enhanced Yield Index, while IBTM tracks ICE 2032 Maturity US Treasury Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.15% for UNIY and 0.07% for IBTM.
UNIY currently has the higher Sharpe Ratio (1.50 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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