Data as of Oct 28, 2026.

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IBDU vs USTB: Differences, Returns & Fees

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IBDU's duration was 2.6 years on Jul 31, 2026 and USTB's 1.9 on Jun 30, 2026; IBDU charges 0.10% to USTB's 0.34%.

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Net assets: $4.0bn on Oct 27, 2026 for iShares iBonds Dec 2029 Term Corporate ETF, and $2.2bn on Jun 30, 2026 for VictoryShares Short-Term Bond ETF.

At a glance
+1.3%
IBDU total return, 1 year
+2.7%
USTB total return, 1 year
0.10%
IBDU expense ratio
0.34%
USTB expense ratio

Pair scorecard

IBDU costs 0.24 points a year less; their one-year returns differ by 1.4 points.

IBDU vs USTB: Differences, Returns & Fees
MeasureIBDUUSTB
Return
Total return, 1 year+1.3%+2.7%
Benchmark
What it tracksBloomberg December 2029 Maturity Corporate IndexNo index, actively managed
Cost and size
Expense ratio0.10%0.34%
Net assets, IBDU as of Oct 27, 2026 and USTB as of Jun 30, 2026$4.0bn$2.2bn
Holdings
Holdings in common4%

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

Risk and return

Sep 27, 2019 to Oct 23, 2026 · 369 weekly returns
IBDU USTB
Return
Total return edge USTB +16.3% +27.4%
Annualized edge USTB +2.1% +3.5%
Price return edge USTB −10.3% −1.1%
Risk
Volatility edge USTB 8.3% 2.4%
Max drawdown edge USTB −18.9% −5.2%
Risk-adjusted
Sharpe edge USTB −0.05 0.23
Sortino edge USTB −0.06 0.30
Calmar edge USTB 0.11 0.67
Reading

USTB returned more: +27.4% to +16.3%. USTB swung less: 2.4% to 8.3%. USTB fell less at its worst: −5.2% to −18.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IBDU vs USTB: Differences, Returns & Fees
MeasureIBDUUSTBEdgeHow it is measured
Return
Total return+16.3%+27.4%USTBPrice change plus distributions, reinvested.
Annualized+2.1%+3.5%USTBTotal return as a yearly rate.
Price return−10.3%−1.1%USTBPrice change alone, distributions left out.
Risk
Volatility8.3%2.4%USTBSpread of weekly returns, annualized. Lower is steadier.
Downside deviation6.4%1.9%USTBLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−18.9%−5.2%USTBDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.050.23USTBReturn above Treasury bills per unit of volatility.
Sortino−0.060.30USTBReturn above Treasury bills per unit of downside deviation.
Calmar0.110.67USTBAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 369 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

4%

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

0 half 100%

half

4% in common

Positions both hold · largest shared weight first IBDU USTB
Enact Holdings Inc, due May 28, 2029 0.16% 0.16%
Canadian Natural Resources Ltd, due Dec 15, 2029 0.15% 0.15%
Dell International LLC / EMC Corp, due Feb 15, 2029 0.14% 0.18%
Mobility Global Inc, due Jun 15, 2029 0.13% 0.18%
eBay Inc, due Mar 6, 2029 0.11% 0.13%
Western Union Co/The, due Jun 15, 2029 0.11% 0.22%
Fedex Freight Holding Co Inc, due Mar 15, 2029 0.10% 0.13%
Blue Owl Credit Income Corp, due Sep 15, 2029 0.18% 0.10%
AEP Texas Inc, due May 15, 2029 0.10% 0.11%
Fidelity National Information Services Inc, due Mar 10, 2029 0.32% 0.10%
National Fuel Gas Co, due May 15, 2029 0.10% 0.18%
NMI Holdings Inc, due Aug 15, 2029 0.10% 0.13%
Only in one fund ↓
Only in IBDU
AbbVie Inc, due Nov 21, 2029 0.97%
Verizon Communications Inc, due Dec 3, 2029 0.63%
International Business Machines Corp, due May 15, 2029 0.61%
Oracle Corp, due Feb 4, 2029 0.58%
AT&T Inc, due Mar 1, 2029 0.58%
Amazon.com Inc, due Mar 13, 2029 0.58%
Fiserv Inc, due Jul 1, 2029 0.57%
Anheuser-Busch InBev Worldwide Inc, due Jan 23, 2029 0.56%
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

IBDU iShares iBonds Dec 2029 Term Corporate ETF USTB VictoryShares Short-Term Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index Actively managed
Total return, 1 year +1.3% +2.7%
Its benchmark over the same days −1.2% (IUSB) not measured
Gap to its benchmark +2.5 pts vs IUSB not measured
Expense ratio 0.10% 0.34%
Holdings 729 1034
Net assets, IBDU as of Oct 27, 2026 and USTB as of Jun 30, 2026 $4.0bn $2.2bn

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

Client brief · page 1 of 2 Report BR-CD2369232B

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

  1. What each follows. IBDU follows Bloomberg December 2029 Maturity Corporate Index and USTB follows No index, actively managed.
  2. Holdings in common. 4% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
  3. Cost. IBDU 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
IBDU

IBDU tracks an index. Over the year to Oct 28, 2026 it returned +1.3% 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, IBDU or USTB?
In the year to Oct 28, 2026, with distributions reinvested, IBDU returned +1.3% and USTB +2.7%.
Which is cheaper, IBDU or USTB?
IBDU 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.
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ETFIQ, IBDU against USTB, data as of Oct 28, 2026. https://etfiq.com/compare/any/ibdu-vs-ustb

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