IBTH vs IBTI

IBTHAiShares iBonds Dec 2027 Term Treasury ETF

IBTIAiShares iBonds Dec 2028 Term Treasury ETF

In short

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.

IBTI Treasuries that all mature in 2028, bundled into one ticker. IBTI trades like a fund but ages like a bond, and at 0.07% a year it undercuts the typical target-maturity peer.

Stated mandate

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

IBTI The fund seeks to track an index of U.S. Treasury bonds maturing in 2028.

Why people hold it

• 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.

• IBTI Charges 0.07% a year against a 0.10% median for target-maturity bond funds. On a Treasury portfolio, where the yield is knowable, the fee comes straight off the top.
• Every bond in it matures in 2028, so the portfolio winds down toward a set date rather than rolling on forever like a standard bond index fund.
• US Treasuries only, about 40 of them. No corporate issuer to underwrite, just one slice of the government curve.
• Pays monthly, holds over a billion in assets, and ranks among the stronger implementations in a category otherwise full of thin, niche rungs.

Worth knowing

• 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.

• IBTI The defined maturity belongs to the bonds, not to your entry price. Exit before the target year and you take whatever rates have done since.
• This is one point on the yield curve, not a ladder. Covering several maturity years means owning several of these funds.
• Treasury-only means no credit spread. Corporate-bond cousins like VBCB and IBDU take on issuer risk in exchange for the extra yield.

Full IBTH profile⁠

Full IBTI profile⁠