iShares iBonds Dec 2026 Term Muni Bond (IBMO) Performance
IBMO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.8% since Dec 31, 2025
- 1 year
- +2.7% total return
- 5 years
- +0.9% a year
- Since first price
- +1.9% a year since 2019
IBMO trailing returns vs AGG, TLT, SPY
| Period | IBMO total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.2% | 0.0% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.6% | −0.0% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.2% | 0.0% | −1.5% | −3.8% | +7.8% |
| YTD | +1.8% | +0.0% | −1.0% | −3.4% | +12.3% |
| 1 year | +2.7% | +0.3% | −1.1% | −6.9% | +14.4% |
| 3 years | +10.7%+3.5%/yr | +3.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +4.7%+0.9%/yr | −4.4% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionApr 4, 2019 | +15.0%+1.9%/yr | +2.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IBMO vs AGG
From Apr 4, 2019: IBMO grew to $11,498, AGG to $11,045.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IBMO returns by calendar year
4 of 6 full years positive. Best 2020 (+5.5%), worst 2022 (−5.4%). 2026 is year to date.
IBMO annual returns table
| Year | IBMO | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.8% | −0.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +3.1% | −1.0% | +7.2% | +4.3% | +17.7% |
| 2024 | +2.0% | −0.9% | +1.3% | −8.1% | +24.9% |
| 2023 | +2.9% | −2.8% | +5.7% | +2.8% | +26.2% |
| 2022 | −5.4% | −8.2% | −13.0% | −31.2% | −18.2% |
| 2021 | −0.2% | −1.8% | −1.8% | −4.6% | +28.7% |
| 2020 | +5.5% | −14.8% | +7.5% | +18.2% | +18.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IBMO largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 9, 2020 | −14.8% | Mar 20, 2020 | Jul 14, 2020 | 11 days | 4 months |
| Feb 12, 2021 | −8.9% | Oct 31, 2022 | Jun 20, 2025 | 1.7 years | 4.4 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
IBMO risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +3.4% | +0.8% | +1.8% |
| Volatility (annualized) | 1.6% | 3.6% | 3.7% |
| Sharpe ratio | -0.63 | -0.78 | -0.21 |
| Sortino ratio | -0.97 | -0.95 | -0.29 |
| Best month | +2.4% | +2.9% | +3.6% |
| Worst month | −0.4% | −2.6% | −3.0% |
| Best 12 months | +5.5% | +5.5% | +5.8% |
| Worst 12 months | +2.0% | −7.9% | −7.9% |
| Positive months | 78% | 63% | 65% |
| Beta vs S&P 500 | 0.06 | 0.13 | — |
| Correlation with S&P 500 | 0.49 | 0.56 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IBMO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 79 | −7.9% | +2.4% | +5.8% | 77% |
| 3-year (a year) | 55 | −1.8% | +0.2% | +3.5% | 51% |
| 5-year (a year) | 31 | +0.3% | +0.7% | +1.2% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
IBMO performance overview
iShares iBonds Dec 2026 Term Muni Bond (IBMO) returned +2.7% over the past year and +0.9% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +1.9% a year, turning $10,000 into about $11,498. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −14.8%, from Mar 9, 2020 to Mar 20, 2020, and it took 4 months to get back to the old high. IBMO finished 4 of its 6 full calendar years with a gain; the best year was 2020 (+5.5%) and the worst 2022 (−5.4%). Volatility has been 3.7% a year.
Related: IBMO chart, IBMO dividends, IBMO bond profile. See the IBMO overview for the latest quote and fund facts.
IBMO performance FAQ
What is the IBMO return over the past year?
IBMO returned +2.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.3%.
What is the average annual return of IBMO?
IBMO has returned +0.9% a year over 5 years, +1.9% a year since April 4, 2019 (total return, distributions reinvested).
How much would $10,000 invested in IBMO be worth?
$10,000 invested in IBMO at its first recorded close on April 4, 2019 would be worth about $11,498 on October 23, 2026 with distributions reinvested.
What was the worst year for IBMO?
The worst calendar year was 2022, with a total return of −5.4%. The best was 2020 at +5.5%.
What is the biggest drawdown of IBMO?
The largest peak-to-trough decline was −14.8% between March 9, 2020 and March 20, 2020. It recovered to the old high on July 14, 2020, 4 months after the bottom.
How volatile is IBMO?
Over the past 3 years IBMO had an annualized volatility of 1.6% and a Sharpe ratio of -0.63 (excess return over 1–3 month T-bills per unit of risk).