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ETFs

iShares iBonds Dec 2023 Term Muni Bond ETF

IBML
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 11 2017
Expense Ratio
0.18%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,395,143
AUM
$440,172,183
Associated Index
S&P AMT-Free Municipal Series Dec 2023 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
DISTRICT COLUMBIA INCOME TAX R
3.70%
n/a
Univ Tex Univ (15 % max) Remarketable 2008-1.8.32 Fing Sys Series 2008B Auction Rate
3.63%
n/a
Univ CA Remarketable 2013-15.05.48 General Series Al-2 Variable Rate
3.50%
n/a
Ohio Water Dev Auth (10 % Max) Remarketable Bonds 2016-01.12.36 Loan Fund Series 2016A Variable Rate
3.41%
n/a
MA ST HLTH & ED MIT
3.41%
n/a
CONNECTICUT ST HEALTH & EDL FA
3.41%
n/a
SAN FRANCISCO CALIF CITY & CNT
3.41%
n/a
Illinois Fin Auth Bonds 2008-1.7.38 Univ of Chicago Series 2008 Var Rt
3.30%
n/a
NYC Mun Wtr Finance Remarketable 2007-15.6.36 Gen Fiscal Series 2008 BB1 Adj Rt
3.18%
n/a
UNIVERSITY MICH UNIV REVS
2.61%
Invest with IBML

What is IBML?

The iShares iBonds Dec 2023 Term Muni Bond ETF seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after December 31, 2022 and before December 2, 2023.

ETFs related toIBML

ETFs correlated to IBML include IBMN, IBMM, SHM

IBML
iShares Trust - iShares iBonds Dec 2023 Term Muni Bond ETF
IBMN
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2025 Term Muni Bond ETF
IBMM
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2024 Term Muni Bond ETF
SHM
SPDR Series Trust - SPDR Nuveen Bloomberg Short Term Municipal Bond ETF
SMB
VanEck ETF Trust - VanEck Short Muni ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
IBMO
iShares Trust - iShares iBonds Dec 2026 Term Muni Bond ETF
IBMP
iShares Trust - iShares iBonds Dec 2027 Term Muni Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
FSMB
First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF
IBDQ
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2025 Term Corporate 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 toIBML

#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 IBML using Composer

FAQ

IBML is a US Bonds ETF. The iShares iBonds Dec 2023 Term Muni Bond ETF seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after December 31, 2022 and before December 2, 2023.

IBML tracks the S&P AMT-Free Municipal Series Dec 2023 Index.

No, IBML 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, IBML 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 IBML is 0.0026%. This is the percent change in the value of IBML over the most recent 1-month period. The 3-month return on IBML is 0.0077%. This is the percent change in the value of IBML over the most recent 3-month period.

The standard deviation of IBML for the past year is 0.0116%. 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 IBML include SUB, HYD, and MUB.

ETFs correlated to IBML include IBMN, IBMM, and SHM.

ETFs that are inversely correlated to IBML include IBDY, PYLD, and DBMF.

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.