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ETFs

iShares iBonds Dec 2023 Term Corporate ETF

IBDO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 11 2015
Expense Ratio
0.10%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$10,862,030
AUM
$1,955,698,104
Associated Index
Bloomberg December 2023 Maturity Corporate Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

XTSLA
BLK CSH FND TREASURY SL AGENCY
52.91%
n/a
RBC 3.7 % Medium Term Notes 2018-05.10.23 Global Series H
1.37%
AER/23B
AerCap Ireland Capital DAC - 1.15% NT REDEEM 29/10/2023 USD 150000
1.28%
n/a
ING Group 4.1 % Notes 2018-02.10.23 Global
1.24%
GS5314962
GOLDMAN SACHS GROUP INC/THE FXD
1.20%
GILD5050563
GILEAD SCIENCES INC
1.03%
n/a
Schlumb Inv 3.65 % Notes 2013-1.12.23 Gtd Global Sr
1.01%
BMY23B
Bristol-Myers Squibb Co. - 0.537% NT REDEEM 13/11/2023 USD 2000
0.98%
ABBV23A
Abbvie Inc - 3.75% NT REDEEM 14/11/2023 USD 2000
0.97%
DB5295228
DEUTSCHE BANK AG (NEW YORK BRANCH)
0.97%
Invest with IBDO

What is IBDO?

The iShares iBonds Dec 2023 Corporate ETF (the Fund ) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2023. Exposure to investment grade corporate bonds that mature between January 1, 2023 and December 31, 2023. Combine the defined maturity and regular income distribution characteristics of a bond with the transparency and tradability of a stock.

ETFs related toIBDO

ETFs correlated to IBDO include IBDP, IBDQ, CLIP

IBDO
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2023 Term Corporate ETF
IBDP
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2024 Term Corporate ETF
IBDQ
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2025 Term Corporate ETF
CLIP
Global X Funds - Global X 1-3 Month T-Bill ETF
UCON
First Trust Exchange-Traded Fund VIII - First Trust TCW Unconstrained Plus Bond ETF
SLQD
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year Investment Grade Corporate Bond ETF
USIG
BlackRock Institutional Trust Company N.A. - iShares Broad USD Investment Grade Corporate Bond ETF
IBDS
iShares Trust - iShares iBonds Dec 2027 Term Corporate ETF
IBDR
iShares Trust - iShares iBonds Dec 2026 Term Corporate ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIBDO

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with IBDO using Composer

FAQ

IBDO is a US Bonds ETF. The iShares iBonds Dec 2023 Corporate ETF (the Fund ) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2023. Exposure to investment grade corporate bonds that mature between January 1, 2023 and December 31, 2023. Combine the defined maturity and regular income distribution characteristics of a bond with the transparency and tradability of a stock.

IBDO tracks the Bloomberg December 2023 Maturity Corporate Index.

No, IBDO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IBDO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IBDO is 0.0041%. This is the percent change in the value of IBDO over the most recent 1-month period. The 3-month return on IBDO is 0.013%. This is the percent change in the value of IBDO over the most recent 3-month period.

The standard deviation of IBDO for the past year is 0.0136%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IBDO include IGSB, VCIT, and VCSH.

ETFs correlated to IBDO include IBDP, IBDQ, and CLIP.

ETFs that are inversely correlated to IBDO include TBX, PST, and KMLM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.