Which returned more over the last year, IBDT or USTB?

In the year to Oct 28, 2026, with distributions reinvested, IBDT returned +2.3% and USTB +2.7%.

Which is cheaper, IBDT or USTB?

IBDT is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

IBDT vs USTB: Differences, Returns & Fees

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IBDT's duration was 1.7 years on Jul 31, 2026 and USTB's 1.9 on Jun 30, 2026; IBDT charges 0.10% to USTB's 0.34%.

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Net assets: $4.1bn on Oct 27, 2026 for iShares iBonds Dec 2028 Term Corporate ETF, and $2.2bn on Jun 30, 2026 for VictoryShares Short-Term Bond ETF.

IBDT on its own →USTB on its own →

At a glance

+2.3%

IBDT total return, 1 year

+2.7%

USTB total return, 1 year

0.10%

IBDT expense ratio

0.34%

USTB expense ratio

Pair scorecard

IBDT costs 0.24 points a year less; their one-year returns differ by 0.4 points.

IBDT vs USTB: Differences, Returns & Fees
Measure	IBDT	USTB
Return
Measure	IBDT	USTB
Total return, 1 year	+2.3%	+2.7%
Benchmark
Measure	IBDT	USTB
What it tracks	Bloomberg December 2028 Maturity Corporate Index	No index, actively managed
Cost and size
Measure	IBDT	USTB
Expense ratio	0.10%	0.34%
Net assets, IBDT as of Oct 27, 2026 and USTB as of Jun 30, 2026	$4.1bn	$2.2bn
Holdings
Measure	IBDT	USTB
Holdings in common	4%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Sep 28, 2018 to Oct 23, 2026 · 421 weekly returns

IBDT USTB

Return

Total return edge Tie +34.1% +34.2%

Annualized edge Tie +3.7% +3.7%

Price return edge USTB −0.8% +1.3%

Risk

Volatility edge USTB 7.5% 2.3%

Max drawdown edge USTB −17.8% −5.2%

Risk-adjusted

Sharpe edge USTB 0.15 0.37

Sortino edge USTB 0.19 0.48

Calmar edge USTB 0.21 0.71

Reading

IBDT and USTB returned about the same: +34.1% and +34.2%. USTB swung less: 2.3% to 7.5%. USTB fell less at its worst: −5.2% to −17.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IBDT vs USTB: Differences, Returns & Fees
Measure	IBDT	USTB	Edge	How it is measured
Return
Total return	+34.1%	+34.2%	Tie	Price change plus distributions, reinvested.
Annualized	+3.7%	+3.7%	Tie	Total return as a yearly rate.
Price return	−0.8%	+1.3%	USTB	Price change alone, distributions left out.
Risk
Volatility	7.5%	2.3%	USTB	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	5.8%	1.8%	USTB	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−17.8%	−5.2%	USTB	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.15	0.37	USTB	Return above Treasury bills per unit of volatility.
Sortino	0.19	0.48	USTB	Return above Treasury bills per unit of downside deviation.
Calmar	0.21	0.71	USTB	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 421 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, IBDT and USTB hold 4% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

4% in common

Positions both hold · largest shared weight first IBDT USTB

Salesforce Inc, due Mar 15, 2028 0.55% 0.22%

BAT International Finance PLC, due Mar 16, 2028 0.17% 0.23%

Hewlett Packard Enterprise Co, due Sep 15, 2028 0.15% 0.16%

Southwest Airlines Co, due Nov 15, 2028 0.15% 0.18%

DTE Energy Co, due Jun 1, 2028 0.19% 0.14%

AbbVie Inc, due Mar 3, 2028 0.23% 0.13%

Global Payments Inc, due Nov 15, 2028 0.31% 0.13%

Honda Motor Co Ltd, due Jul 8, 2028 0.13% 0.13%

Targa Resources Partners LP / Targa Resources Partners Finance Corp, due Jan 15, 2028 0.13% 0.15%

MGIC Investment Corp, due Aug 15, 2028 0.12% 0.22%

WEC Energy Group Inc, due Jan 15, 2028 0.11% 0.14%

HEICO Corp, due Aug 1, 2028 0.11% 0.11%

Only in one fund ↓

Only in IBDT

CVS Health Corp, due Mar 25, 2028 0.88%

Pfizer Investment Enterprises Pte Ltd, due May 19, 2028 0.70%

Amgen Inc, due Mar 2, 2028 0.66%

Cigna Group/The, due Oct 15, 2028 0.66%

AerCap Ireland Capital DAC / AerCap Global Aviation Trust, due Oct 29, 2028 0.64%

RTX Corp, due Nov 16, 2028 0.53%

Morgan Stanley, due Jul 22, 2028 0.53%

NVIDIA Corp, due Jun 15, 2028 0.52%

Only in USTB

U S TREASURY NOTE, due Nov 15, 2027 1.75%

U S TREASURY NOTE, due Aug 31, 2030 1.57%

U S TREASURY NOTE, due Dec 31, 2028 1.38%

U S TREASURY NOTE, due Jan 31, 2031 1.25%

U S TREASURY NOTE, due Aug 15, 2029 1.00%

ANTERO RESOURCES CORP 0.98%

U S TREASURY NOTE, due Aug 31, 2027 0.75%

U S TREASURY NOTE, due Dec 15, 2026 0.68%

Check overlap with more funds →

Side by side

IBDT iShares iBonds Dec 2028 Term Corporate ETF USTB VictoryShares Short-Term Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares VictoryShares

What it is Tracks an index Actively managed

Total return, 1 year +2.3% +2.7%

Its benchmark over the same days −1.2% (IUSB) not measured

Gap to its benchmark +3.5 pts vs IUSB not measured

Expense ratio 0.10% 0.34%

Holdings 739 1034

Net assets, IBDT as of Oct 27, 2026 and USTB as of Jun 30, 2026 $4.1bn $2.2bn

IBDT and USTB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-2035C3FECD

IBDT and USTB are built for the same job. How do they differ in cost, holdings and results?

What each follows. IBDT follows Bloomberg December 2028 Maturity Corporate Index and USTB follows No index, actively managed.
Holdings in common. 4% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
Cost. IBDT charges 0.10% of assets a year and USTB 0.34%, a gap of 0.24 points.

Data as of Oct 28, 2026.

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About each fund

IBDT

IBDT tracks an index. Over the year to Oct 28, 2026 it returned +2.3% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.10% a year.

USTB

USTB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested. The prospectus expense ratio is 0.34% a year.

Questions people ask

Which returned more over the last year, IBDT or USTB?: In the year to Oct 28, 2026, with distributions reinvested, IBDT returned +2.3% and USTB +2.7%.
Which is cheaper, IBDT or USTB?: IBDT is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IBDT vs SLQD IBDT vs JSCP IBDT vs IBDW BSCU vs IBDT IBDU vs USTB BSCS vs USTB IBDV vs USTB IBDW vs USTB

Where to next

IBDT on its own →USTB on its own →Hold both: look the portfolio through →Rankings →IBDT dividend history →IBDT holdings →USTB dividend history →USTB holdings →Standards and sources →

Sources and dates

IBDT filings on SEC EDGAR ↗

IBDT prospectus with the expense ratio (SEC) ↗

iShares page for IBDT ↗

USTB filings on SEC EDGAR ↗

USTB prospectus with the expense ratio (SEC) ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, IBDT against USTB, data as of Oct 28, 2026. https://etfiq.com/compare/any/ibdt-vs-ustb

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.