iShares iBonds Dec 2031 Term Treasury ETF (IBTL) Performance
IBTL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.3% since Dec 31, 2025
- 1 year
- −1.1% total return
- 5 years
- −1.2% a year
- Since first price
- −1.6% a year since 2021
IBTL trailing returns vs AGG, TLT, SPY
| Period | IBTL total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.2% | +0.9% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.3% | −1.3% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.5% | −3.4% | −1.5% | −3.8% | +7.8% |
| YTD | −1.3% | −4.1% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.1% | −4.9% | −1.1% | −6.9% | +14.4% |
| 3 years | +15.2%+4.8%/yr | +2.4% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −6.0%−1.2%/yr | −20.4% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionAug 30, 2021 | −7.9%−1.6%/yr | −22.2% | — | — | — |
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: IBTL vs AGG
From Aug 30, 2021: IBTL grew to $9,214, AGG to $9,769.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IBTL returns by calendar year
3 of 4 full years positive. Best 2025 (+7.8%), worst 2022 (−15.8%). 2026 is year to date.
IBTL annual returns table
| Year | IBTL | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.3% | −4.3% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.8% | −2.5% | +7.2% | +4.3% | +17.7% |
| 2024 | +0.4% | −4.9% | +1.3% | −8.1% | +24.9% |
| 2023 | +3.6% | −9.8% | +5.7% | +2.8% | +26.2% |
| 2022 | −15.8% | −19.0% | −13.0% | −31.2% | −18.2% |
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.
IBTL largest drawdowns
Now 8.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 15, 2021 | −20.9% | Oct 19, 2023 | not yet | 2.1 years | 5.1 years so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
IBTL risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +3.8% | −1.5% | −1.9% |
| Volatility (annualized) | 5.7% | 7.3% | 7.3% |
| Sharpe ratio | -0.08 | -0.67 | -0.72 |
| Sortino ratio | -0.11 | -0.81 | -0.86 |
| Best month | +4.3% | +4.3% | +4.3% |
| Worst month | −3.0% | −4.6% | −4.6% |
| Best 12 months | +10.5% | +10.5% | +10.5% |
| Worst 12 months | −1.6% | −16.8% | −16.8% |
| Positive months | 61% | 50% | 49% |
| Beta vs S&P 500 | 0.18 | 0.26 | — |
| Correlation with S&P 500 | 0.39 | 0.55 | — |
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.
IBTL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 51 | −16.8% | +0.6% | +10.5% | 59% |
| 3-year (a year) | 27 | −4.3% | +2.3% | +4.9% | 70% |
| 5-year (a year) | 3 | −1.5% | −1.5% | −1.2% | 0% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
IBTL performance overview
iShares iBonds Dec 2031 Term Treasury ETF (IBTL) returned −1.1% over the past year and −1.2% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned −1.6% a year, turning $10,000 into about $9,214. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −20.9%, from Sep 15, 2021 to Oct 19, 2023; the fund has not yet regained that high. IBTL finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+7.8%) and the worst 2022 (−15.8%). Volatility has been 7.3% a year.
Related: IBTL chart, IBTL dividends, IBTL bond profile. See the IBTL overview for the latest quote and fund facts.
IBTL performance FAQ
What is the IBTL return over the past year?
IBTL returned −1.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.9%.
What is the average annual return of IBTL?
IBTL has returned −1.2% a year over 5 years, −1.6% a year since August 30, 2021 (total return, distributions reinvested).
How much would $10,000 invested in IBTL be worth?
$10,000 invested in IBTL at its first recorded close on August 30, 2021 would be worth about $9,214 on October 23, 2026 with distributions reinvested.
What was the worst year for IBTL?
The worst calendar year was 2022, with a total return of −15.8%. The best was 2025 at +7.8%.
What is the biggest drawdown of IBTL?
The largest peak-to-trough decline was −20.9% between September 15, 2021 and October 19, 2023. It has not yet recovered to that high; it is 8.0% below its peak.
How volatile is IBTL?
Over the past 3 years IBTL had an annualized volatility of 5.7% and a Sharpe ratio of -0.08 (excess return over 1–3 month T-bills per unit of risk).