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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)
$9,318,524
AUM
$2,213,755,966
Associated Index
Bloomberg December 2023 Maturity Corporate Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
BLK CSH FND TREASURY SL AGENCY
4.54%
n/a
Bank of America 4.1 % Medium Term Notes 2013-24.7.23 Sr Series L
1.53%
APCA
Apple 2.4 % Notes 2013-3.5.23 Sr Global
1.42%
n/a
M'bishi UFJ Finl 3.761 % Notes 2018-26.07.23 Global
1.38%
BA23A
Boeing Co. - 4.508% NT REDEEM 01/05/2023 USD 2000
1.00%
n/a
Toronto Dominion Bk 3.5 % Medium Term Notes 2018-19.07.23 Global Series A
0.99%
n/a
RBC 3.7 % Medium Term Notes 2018-05.10.23 Global Series H
0.97%
EIX/23B
Southern California Edison Co - 0.70% BD REDEEM 01/08/2023 USD 1000
0.91%
ABBV23A
Abbvie Inc - 3.75% NT REDEEM 14/11/2023 USD 2000
0.87%
CI5003116
CIGNA CORP
0.83%
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, SURI, IBDQ

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
SURI
Simplify Exchange Traded Funds - Simplify Propel Opportunities ETF
IBDQ
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2025 Term Corporate ETF
SUSB
iShares Trust - iShares Trust iShares ESG Aware 1-5 Year USD Corporate Bond ETF
IGSB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
IBDS
iShares Trust - iShares iBonds Dec 2027 Term Corporate ETF
SLQD
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year Investment Grade Corporate Bond ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
IBDR
iShares Trust - iShares iBonds Dec 2026 Term Corporate ETF
IIGD
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco Investment Grade Defensive 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

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#DALIO

The Dalio

Category

Classic

Risk Rating

Conservative

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 0.0028%. This is the percent change in the value of IBDO over the most recent 1-month period. The 3-month return on IBDO is 0.0111%. 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 0.0151%. 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 JNK, IGIB, and LQD.

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

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

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.