Skip to content
etf.net

Launched · SEC filings

iShares Total USD Fixed Income Market ETF

BTOTNYSE ArcaiSharesB

$47.97+0.06 (+0.13%)

As of Nov 2, 2026, 3:44 PM ET

B67/ 100

Rank 40 of 116 in US Aggregate Bond

B67/100Rank 40 of 116inUS Aggregate Bond
Intraday session: up, 70 prints from 47.91 to 47.97. Range 47.90 to 48.06. Use the arrow keys to read each point.47.9247.9548.0048.0248.0510 AM12 PM2 PM4 PM
Expense ratio
0.10%
Fund size
$29M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1089
Avg volume · 30D
1.11K sh
52W range
low $46.97high $50.98
Launched
Filings
SEC EDGAR

The ETF.net BTOT Grade

B

Score 67 out of 100

Category
US Aggregate Bond⁠
Rank
40 of 116
Six-pillar profile for BTOT. Scores out of 100: Cost 84, Risk 47, Mission 100, Tradability 8, Holdings 68, Durability 41. Strongest: Mission (100). Weakest: Tradability (8). Leans toward Mission.

Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A84 out of 100
    Rank 18 of 115

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 100

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 55 of 116

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F8 out of 100
    Rank 112 of 116

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 out of 100
    Rank 39 of 115

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 80 of 116

Our read on BTOT

ETF.net Research

In short

BOne ticket for the US dollar bond market, investment grade and high yield together, at 0.10% a year. iShares launched it in December 2025 as a wider take on core bond exposure than the usual index.

Stated mandate

The Fund seeks broad exposure to U.S.-dollar-denominated fixed-income securities spanning investment-grade and high-yield markets, while tracking its underlying index before fees and expenses.

Why people hold it

  • 0.10% a year against a 0.36% median for its broad-bond peer group. In fixed income, fee drag is one of the few variables you actually control.
  • Investment grade and high yield in one wrapper, tracking the Bloomberg U.S. Total Fixed Income Market Index, so you are not stapling a separate high-yield sleeve onto a core fund yourself.ishares.com
  • Roughly 1,100 bonds, so no single issuer carries much weight, held in a conventional 1940 Act fund from iShares.

Worth knowing

  • The high-yield portion carries credit risk an investment-grade-only core bond fund does not, so it moves with credit spreads more than a plain Agg tracker.
  • A December 2025 launch: short live record, and it began life thinly traded, so spreads can run wider than at long-established bond funds.
  • Cheaper broad-bond options exist: BND, SPAB and SCHZ at 0.03%, iShares' own IUSB at 0.06%, each built on different index rules.

BTOT Performance

Launched Dec 10, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
BTOT$9,930
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. BTOT $9,930. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BTOT. Periods over one year show the average yearly return.
PeriodBTOT
Year to date−0.7%
1 month+2.2%
3 months−0.4%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BTOT
YearReturn barBTOT
2026 YTD−0.7%
2025+0.5%

Since listing, Dec 10, 2025

BTOT in the news

BTOT Dividends

Last payment
$0.18 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 10 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.11; Feb 2, 2026 $0.18; Mar 2, 2026 $0.18; Apr 1, 2026 $0.19; May 1, 2026 $0.19; Jun 1, 2026 $0.21; Jul 1, 2026 $0.18; Aug 3, 2026 $0.20; Sep 1, 2026 $0.18; Oct 1, 2026 $0.18. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 5, 2026$0.19
Oct 1, 2026Oct 6, 2026$0.18
Sep 1, 2026Sep 4, 2026$0.18
Aug 3, 2026Aug 6, 2026$0.20
Jul 1, 2026Jul 7, 2026$0.18
Jun 1, 2026Jun 4, 2026$0.21
May 1, 2026May 6, 2026$0.19
Apr 1, 2026Apr 7, 2026$0.19
Mar 2, 2026Mar 5, 2026$0.18
Feb 2, 2026Feb 5, 2026$0.18
Dec 30, 2025Jan 5, 2026$0.11

BTOT Risk

Risk pillarC47 out of 100Rank 55 of 116 in US Aggregate Bond
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.07
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BTOT Cost

Compare BTOT and BKAG

Overpaying vs BKAG, cheapest in US Aggregate Bond

$2,106

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BTOT 0.10%

    $2,106

  • BKAG 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • BTOT 0.10%
  • BKAG 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530BTOT $2,106BKAG $0

Year by year

YearBTOTBKAGOverpaying
10$183$0$183
20$717$0$717
30$2,106$0$2,106

Other funds in US Aggregate Bond

See others