IBTQ vs SPY
iShares iBonds Dec 2035 Term Treasury ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
IBTQ has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IBTQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.09% | |
| AUM | $241M | $821.1B | |
| Dividend Yield | 6.53% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | +1.86% | +12.68% | |
| 1Y Return | +4.70% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 4.1% | 15.3% | |
| Max Drawdown | -4.0% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 25, 2025 | Jan 22, 1993 |
IBTQ vs SPY Performance
iShares iBonds Dec 2035 Term Treasury ETF (IBTQ) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IBTQ returned +4.70% while SPY returned +21.82%. Year to date, IBTQ is up 1.86% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.1% for IBTQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.0% for IBTQ and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IBTQ charges 0.07% per year while SPY charges 0.09%. On a $10,000 position that is $7 vs $9 annually, a gap of $2 per year that compounds over a long holding period. On income, IBTQ currently yields 6.53% against 1.01% for SPY.
Holdings Overlap
IBTQ and SPY share 0 holdings out of 508 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IBTQ or SPY?
IBTQ has an expense ratio of 0.07% while SPY charges 0.09%. IBTQ is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, IBTQ or SPY?
Over the past year IBTQ returned +4.70% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), IBTQ annualized +5.80% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, IBTQ or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.1% for IBTQ. Worst drawdown: IBTQ -4.0% vs SPY -56.5%.
Should I hold both IBTQ and SPY?
IBTQ and SPY have a monthly-return correlation of 0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IBTQ and SPY?
IBTQ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IBTQ or SPY?
IBTQ yields 6.53% while SPY yields 1.01%, so IBTQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.