iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) Performance
IBMQ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.2% since Dec 31, 2025
- 1 year
- +1.8% total return
- 5 years
- +0.7% a year
- Since first price
- +2.0% a year since 2019
IBMQ trailing returns vs AGG, TLT, SPY
| Period | IBMQ total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.9% | +0.7% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.5% | −0.2% | −0.4% | −1.0% | +3.2% |
| 6 months | +0.6% | −0.6% | −1.5% | −3.8% | +7.8% |
| YTD | +1.2% | −0.7% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.8% | −0.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +12.3%+3.9%/yr | +4.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +3.8%+0.7%/yr | −6.2% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionApr 18, 2019 | +15.6%+2.0%/yr | +1.3% | — | — | — |
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: IBMQ vs AGG
From Apr 18, 2019: IBMQ grew to $11,564, AGG to $11,057.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IBMQ returns by calendar year
4 of 6 full years positive. Best 2020 (+6.9%), worst 2022 (−6.7%). 2026 is year to date.
IBMQ annual returns table
| Year | IBMQ | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.2% | −1.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +4.1% | −1.9% | +7.2% | +4.3% | +17.7% |
| 2024 | +0.7% | −2.3% | +1.3% | −8.1% | +24.9% |
| 2023 | +4.0% | −5.0% | +5.7% | +2.8% | +26.2% |
| 2022 | −6.7% | −10.6% | −13.0% | −31.2% | −18.2% |
| 2021 | −0.3% | −2.6% | −1.8% | −4.6% | +28.7% |
| 2020 | +6.9% | −15.8% | +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.
IBMQ largest drawdowns
Now 0.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 9, 2020 | −15.8% | Mar 23, 2020 | Jul 14, 2020 | 14 days | 4 months |
| Feb 11, 2021 | −11.6% | Oct 25, 2022 | Sep 4, 2025 | 1.7 years | 4.6 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
IBMQ risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +3.4% | +0.4% | +1.7% |
| Volatility (annualized) | 3.2% | 5.0% | 5.0% |
| Sharpe ratio | -0.30 | -0.62 | -0.16 |
| Sortino ratio | -0.46 | -0.79 | -0.23 |
| Best month | +3.9% | +4.0% | +4.5% |
| Worst month | −1.3% | −3.3% | −3.3% |
| Best 12 months | +7.4% | +7.4% | +7.4% |
| Worst 12 months | +0.5% | −10.2% | −10.2% |
| Positive months | 64% | 55% | 58% |
| Beta vs S&P 500 | 0.14 | 0.19 | — |
| Correlation with S&P 500 | 0.54 | 0.61 | — |
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.
IBMQ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 79 | −10.2% | +2.4% | +7.4% | 80% |
| 3-year (a year) | 55 | −2.4% | +0.2% | +4.2% | 51% |
| 5-year (a year) | 31 | +0.1% | +0.5% | +1.3% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
IBMQ performance overview
iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ) returned +1.8% over the past year and +0.7% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +2.0% a year, turning $10,000 into about $11,564. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −15.8%, from Mar 9, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. IBMQ finished 4 of its 6 full calendar years with a gain; the best year was 2020 (+6.9%) and the worst 2022 (−6.7%). Volatility has been 5.0% a year.
Related: IBMQ chart, IBMQ dividends, IBMQ bond profile. See the IBMQ overview for the latest quote and fund facts.
IBMQ performance FAQ
What is the IBMQ return over the past year?
IBMQ returned +1.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 0.7%.
What is the average annual return of IBMQ?
IBMQ has returned +0.7% a year over 5 years, +2.0% a year since April 18, 2019 (total return, distributions reinvested).
How much would $10,000 invested in IBMQ be worth?
$10,000 invested in IBMQ at its first recorded close on April 18, 2019 would be worth about $11,564 on October 23, 2026 with distributions reinvested.
What was the worst year for IBMQ?
The worst calendar year was 2022, with a total return of −6.7%. The best was 2020 at +6.9%.
What is the biggest drawdown of IBMQ?
The largest peak-to-trough decline was −15.8% between March 9, 2020 and March 23, 2020. It recovered to the old high on July 14, 2020, 4 months after the bottom.
How volatile is IBMQ?
Over the past 3 years IBMQ had an annualized volatility of 3.2% and a Sharpe ratio of -0.30 (excess return over 1–3 month T-bills per unit of risk).