IBTG vs IBTH

IBTGAiShares iBonds Dec 2026 Term Treasury ETF

IBTHAiShares iBonds Dec 2027 Term Treasury ETF

In short

IBTG A bond with a ticker. IBTG holds U.S. Treasuries maturing in 2026, then winds itself down and hands back the proceeds like a maturing note. Seven basis points a year, and one rung in a suite built for laddering.

IBTH Most bond ETFs roll on forever. This one is built to end: a basket of U.S. Treasuries clustered around a December 2027 maturity, wrapped in one ticker at a bottom-tier fee. A ladder rung you can buy in a single click.

Stated mandate

IBTG The fund seeks to track an index of U.S. Treasury bonds that mature in 2026.

IBTH The Fund seeks to track the investment results of an index composed of U.S. Treasury bonds.

Why people hold it

• IBTG Defined end date: it holds Treasuries maturing in 2026 and terminates on or about October or December 15 of its named year, then pays out what is left.ishares.comishares.com 2
• U.S. Treasury debt only, so no issuer credit calls to second-guess, and the income shows up monthly.
• Costs 0.07% a year, level with the typical defined-maturity Treasury fund and the same rate as sibling rungs IBTH, IBTI, IBTJ and IBTK.
• Billion-dollar asset base, close tracking of its ICE Treasury maturity index, and steady on-screen trading: one of the stronger implementations in the Treasury ladder group.

• IBTH Costs 0.07% a year against a 0.10% median for target-maturity bond funds. On Treasuries, where the coupon does the work, fee drag is most of what you control.
• A defined end date, which a standard bond fund cannot offer. It holds Treasuries maturing around December 2027, so interest-rate sensitivity winds down as that date approaches.
• U.S. Treasury paper only, so no corporate issuer risk in the basket, unlike the corporate-bond rungs of the same family (IBDU) or Invesco's BulletShares (BSCT).
• Running since 2020, pays monthly, and ranks as one of the stronger builds in the target-maturity bond group.

Worth knowing

• IBTG In the final months the portfolio shifts into cash and cash-like instruments, so income varies over time and that stretch earns whatever cash rates happen to be.ishares.com
• Termination is the design, not a surprise: liquidation proceeds land in your account, reinvesting is your call, and a gain or loss versus cost basis is a taxable event.ishares.com
• Not a guarantee. iShares states investors may experience losses, including near or at the termination date, and the share price moves with rates along the way.ishares.com

• IBTH A share is not a bond. The wind-up value follows the market value of the underlying Treasuries, not a fixed face amount you can pencil in.
• Narrow by design: roughly 50 Treasuries in one maturity window, so it moves with a single slice of the yield curve rather than the whole bond market.
• Treasury credit means no corporate spread in the yield, and the fund has a finite life, so it works as a dated tool rather than a permanent core sleeve.

Full IBTG profile⁠

Full IBTH profile⁠