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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)
$1,976,101
AUM
$540,346,763
Associated Index
S&P AMT-Free Municipal Series Dec 2023 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
CONNECTICUT ST HLTH
2.04%
n/a
NEW YORK ST DORM AUTH REVS NONST
1.85%
n/a
NEW YORK N Y CITY TRANSITIONAL
1.85%
n/a
NEW YORK N Y CITY MUN WTR FIN
1.67%
n/a
VIRGINIA COLLEGE BLDG AUTH VA
1.22%
n/a
Denever Colo 5 % Bonds 2016-15.11.23 System Series 2016A
1.08%
n/a
Univ CA Remarketable 2013-15.5.48 Gen Series AK Var Rt
0.91%
n/a
TEXAS ST-REF
0.81%
n/a
LOUISIANA ST-B
0.77%
n/a
METROPOLITAN COUNCIL MINN MINN
0.71%
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 IBMM, IBMN, IBMO

IBML
iShares Trust - iShares iBonds Dec 2023 Term Muni Bond ETF
IBMM
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2024 Term Muni Bond ETF
IBMN
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2025 Term Muni Bond ETF
IBMO
iShares Trust - iShares iBonds Dec 2026 Term Muni Bond ETF
DFNM
Dimensional ETF Trust - Dimensional National Municipal Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
SUB
BlackRock Institutional Trust Company N.A. - iShares Short-Term National Muni Bond ETF
SMB
VanEck ETF Trust - VanEck Short Muni ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
FSMB
First Trust Exchange-Traded Fund III - First Trust Short Duration Managed Municipal ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni 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 toIBML

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#DALIO

The Dalio

Category

Classic

Risk Rating

Conservative

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 0.0038%. This is the percent change in the value of IBML over the most recent 1-month period. The 3-month return on IBML is 0.0073%. 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 0.0139%. 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 PZA, HYD, and SHM.

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

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

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.