IBTM vs IQI

Comparison between ISHARES IBONDS DEC 2032 TERM TREASURY ETF (IBTM, ETF) and Invesco Quality Municipal Income Trust (IQI, ETF).

IBTM vs IQI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IBTM(ETF)	IQI(ETF)
Net Assets	$534M	$534M
Expense Ratio	0.07%	N/A
Max Drawdown	16.81%	55.16%
Sharpe Ratio	-0.15	1.00
5Y Beta	-0.02	0.24
5Y Dividends CAGR	N/A	4.25%

Net Assets

IBTM

$534M

IQI

$534M

Expense Ratio

IBTM

0.07%

IQI

N/A

Max Drawdown

Winner

IBTM

16.81%

IQI

55.16%

Sharpe Ratio

IBTM

-0.15

Winner

IQI

1.00

5Y Beta

Winner

IBTM

-0.02

IQI

0.24

5Y Dividends CAGR

IBTM

N/A

IQI

4.25%

IBTM vs IQI - Historical Returns

Returns include dividend reinvestment.

Period	IBTM	IQI
1 month	-0.53%	+1.25%
3 months	-1.64%	-0.30%
6 months	-0.69%	+1.68%
1 year	+3.27%	+13.86%
5 years(CAGR)	N/A	-0.08%
10 years(CAGR)	N/A	+2.44%
Max(CAGR)	+1.42%	+5.27%

IBTM

-0.53%

Winner

IQI

+1.25%

IBTM

-1.64%

Winner

IQI

-0.30%

IBTM

-0.69%

Winner

IQI

+1.68%

IBTM

+3.27%

Winner

IQI

+13.86%

5Y(CAGR)

IBTM

N/A

IQI

-0.08%

10Y(CAGR)

IBTM

N/A

IQI

+2.44%

Max(CAGR)

IBTM

+1.42%

Winner

IQI

+5.27%

IBTM vs IQI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IBTM	IQI
2026	-0.74%	+2.56%
2025	+7.99%	+8.56%
2024	+0.25%	+9.98%
2023	+2.94%	+4.31%
2022	-4.63%	-27.10%
2021	N/A	+9.25%
2020	N/A	+8.86%
2019	N/A	+15.59%
2018	N/A	-4.47%
2017	N/A	+6.13%
2016	N/A	+2.85%
2015	N/A	+8.13%
2014	N/A	+19.39%
2013	N/A	-14.68%
2012	N/A	+7.81%
2011	N/A	+19.74%
2010	N/A	+8.35%
2009	N/A	+33.00%
2008	N/A	-20.84%
2007	N/A	-8.00%
2006	N/A	+10.77%
2005	N/A	+10.91%
2004	N/A	+1.23%
2003	N/A	+11.68%
2002	N/A	+7.07%
2001	N/A	+9.01%
2000	N/A	+16.17%
1999	N/A	-6.11%

IBTM vs IQI Drawdown Comparison

The maximum drawdown for IBTM was -13.59%, occurring on Oct 19, 2023. Recovery took 753 trading sessions.

The maximum drawdown for IQI was -50.21%, occurring on Oct 10, 2008. Recovery took 692 trading sessions.

The current IBTM drawdown is -2.66%. The current IQI drawdown is -4.96%.

Rank	IBTM	IQI
#1	-13.59% Aug 1, 2022 - Aug 1, 2025	-50.21% May 7, 2007 - Feb 3, 2010
#2	-3.26% Feb 27, 2026 - May 19, 2026	-35.34% Jul 29, 2021 - Oct 25, 2023
#3	-1.12% Nov 26, 2025 - Feb 10, 2026	-26.28% Mar 4, 2020 - Nov 24, 2020
#4	-1.07% Oct 21, 2025 - Nov 24, 2025	-22.85% Jul 25, 2012 - Jan 13, 2015
#5	-1.05% Jul 13, 2022 - Jul 22, 2022	-18.18% Sep 30, 2010 - Oct 28, 2011
#6	-0.97% Sep 11, 2025 - Oct 13, 2025	-13.33% Aug 18, 2016 - Apr 10, 2019
#7	-0.54% Aug 4, 2025 - Aug 22, 2025	-11.24% Mar 23, 2004 - Feb 4, 2005
#8	-0.40% Jul 22, 2022 - Jul 28, 2022	-10.07% Jun 17, 2003 - Jan 15, 2004
#9	-0.24% Aug 29, 2025 - Sep 3, 2025	-9.68% Nov 5, 1999 - Feb 3, 2000
#10	-0.22% Feb 10, 2026 - Feb 12, 2026	-9.35% Feb 2, 2015 - Dec 1, 2015
#11	-0.21% Feb 13, 2026 - Feb 23, 2026	-8.54% Sep 12, 2000 - Jan 2, 2001
#12	-0.21% Oct 16, 2025 - Oct 21, 2025	-7.40% Mar 1, 2012 - Jun 11, 2012
#13	-0.19% Sep 8, 2025 - Sep 11, 2025	-7.23% Oct 2, 2002 - Feb 27, 2003
#14	-0.17% Aug 22, 2025 - Aug 26, 2025	-7.19% Feb 4, 2002 - Jul 10, 2002
#15	-0.13% Feb 23, 2026 - Feb 26, 2026	-7.14% Feb 8, 2000 - Jul 18, 2000

Correlation

Correlation between IBTM and IQI is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2000 - 2026)

IBTM vs IQI dividend yield comparison.

Year	IBTM	IQI
2026	1.64%	3.19%
2025	3.87%	7.60%
2024	3.96%	6.48%
2023	3.39%	4.70%
2022	1.38%	5.82%
2021	0.00%	4.53%
2020	0.00%	4.61%
2019	0.00%	4.88%
2018	0.00%	6.04%
2017	0.00%	5.33%
2016	0.00%	6.15%
2015	0.00%	6.08%
2014	0.00%	6.24%
2013	0.00%	7.39%
2012	0.00%	6.43%
2011	0.00%	6.46%
2010	0.00%	6.96%
2009	0.00%	6.59%
2008	0.00%	7.30%
2007	0.00%	5.66%
2006	0.00%	6.73%
2005	0.00%	7.70%
2004	0.00%	6.33%
2003	0.00%	8.51%
2002	0.00%	8.43%
2001	0.00%	8.85%
2000	0.00%	2.65%