WAR vs. IBTF

Last updated Jul 14, 2026

WAR (U.S. Global Technology and Aerospace & Defense ETF) and IBTF (iShares iBonds Dec 2025 Term Treasury ETF) are both exchange-traded funds - WAR is a Aerospace & Defense fund actively managed by US Global, while IBTF is a Government Bonds fund tracking the ICE 2025 Maturity US Treasury Index. WAR is actively managed, while IBTF is passively managed. WAR charges 0.60%/yr vs 0.07%/yr for IBTF.

Performance

WAR vs. IBTF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Technology and Aerospace & Defense ETF (WAR) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAR

• 1D: -4.30%
• 1M: -7.86%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBTF

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 1.65%
• 3Y*: 3.69%
• 5Y*: 0.89%
• 10Y*: —

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

WAR vs. IBTF - Yearly Performance Comparison

	2026 (YTD)
WAR U.S. Global Technology and Aerospace & Defense ETF	-9.77%
IBTF iShares iBonds Dec 2025 Term Treasury ETF	0.00%

Return for Risk

WAR vs. IBTF — Risk / Return Rank

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

WAR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IBTF

IBTF Risk / Return Rank: 99
IBTF Sharpe Ratio Rank: 99
IBTF Sortino Ratio Rank: 99
IBTF Omega Ratio Rank: 99
IBTF Calmar Ratio Rank: 99
IBTF 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.

WAR vs. IBTF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF). 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.

	WAR	IBTF	Difference
Sharpe ratio: Return per unit of total volatility	—	6.44	—
Sortino ratio: Return per unit of downside risk	—	20.31	—
Omega ratio: Gain probability vs. loss probability	—	6.92	—
Calmar ratio: Return relative to maximum drawdown	—	45.80	—
Martin ratio: Return relative to average drawdown	—	265.80	—

Drawdowns

WAR vs. IBTF - Drawdown Comparison

The maximum WAR drawdown since its inception was -15.43%, which is greater than IBTF's maximum drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for WAR and IBTF.

Drawdown Indicators

	WAR	IBTF	Difference
Max Drawdown Largest peak-to-trough decline	-15.43%	-10.45%	-4.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.53%	—
Current Drawdown Current decline from peak	-15.43%	0.00%	-15.43%
Average Drawdown Average peak-to-trough decline	-7.29%	-3.27%	-4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	WAR	IBTF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.13%	0.31%	+48.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.13%	2.36%	+46.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.13%	2.54%	+46.59%

WAR vs. IBTF - Expense Ratio Comparison

WAR has a 0.60% expense ratio, which is higher than IBTF's 0.07% expense ratio.

Dividends

WAR vs. IBTF - Dividend Comparison

WAR has not paid dividends to shareholders, while IBTF's dividend yield for the trailing twelve months is around 1.72%.

Position	TTM	2025	2024	2023	2022	2021	2020
IBTF iShares iBonds Dec 2025 Term Treasury ETF	1.72%	3.83%	4.32%	4.03%	1.93%	0.57%	0.59%
WAR U.S. Global Technology and Aerospace & Defense ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, WAR or IBTF?

On fees, IBTF 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, WAR or IBTF?

IBTF is cheaper with a 0.07% expense ratio, compared with 0.60% for WAR.

Which ETF pays a higher dividend yield, WAR or IBTF?

IBTF has the higher dividend yield at 1.72%, compared with 0.00% for WAR.

What is the main difference between WAR and IBTF?

WAR is categorized as Aerospace & Defense, while IBTF is Government Bonds. They also come from different issuers: US Global and iShares. Their fees differ too: 0.60% for WAR and 0.07% for IBTF.