IBDRvsULSTETF Comparison
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iShares iBonds Dec 2026 Term Corporate ETF (IBDR) belongs to the US Corporate IG Bonds segment. State Street SPDR Ultra Short Term Bond ETF (ULST) is part of the Money Market Bonds segment. IBDR's top 3 sector exposures are Finance, Non-Corporate and Technology. In contrast, ULST's top sector exposures are Sovereign, Finance and Industrials. IBDR is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.2% for ULST. IBDR is up 2.69% year-to-date (YTD) with -$489M in YTD flows. ULST performs worse with 2.05% YTD performance, and -$105M in YTD flows. Run a side-by-side ETF comparison of IBDR and ULST below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IBDR vs ULST performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBDR ULST | +0.33%+0.18% | +1.00%+0.79% | +2.69%+2.05% | +4.04%+3.22% | +17.17%+14.94% | +8.43%+19.65% |
| Flows | IBDR ULST | -$116M-$7M | -$320M-$35M | -$489M-$105M | -$84M-$112M | +$1.42B-$63M | +$2.53B+$89M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBDR ULST | +0.14%+0.48% | +0.19%+0.49% | +1.36%+0.63% | +2.92%+0.59% |
| Max drawdown | IBDR ULST | n/a-0.08% | -0.05%-0.24% | -0.68%-0.26% | -12.75%-1.12% |
| Max drawdown duration | IBDR ULST | n/a2d | 6d31d | 21d10d | 1102d410d |
Trading data
IBDR | ULST | |
Last sale 9/11/2026 at 1:30 PM | $24.19 | $40.26 |
| Previous close 09/10/2026 | $24.19 | $40.27 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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ULST
is actively managed and doesn’t replicate an indexIBDR | ULST | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
IBDR | ULST | |
|---|---|---|
| Last price | $24.19 | $40.26 |
| 1D performance | +0.00% | -0.02% |
| AuM | $3.25 B | $514.26 M |
| E/R | 0.1% | 0.2% |
Characteristics
IBDR | ULST | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | State Street Investment Management |
| Benchmark | Bloomberg December 2026 Maturity Corporate Index | - |
| N° of holdings | 230 | 298 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2016 | September 10, 2013 |
| ESG | No | No |
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Exposure
Countries
IBDR
USA
85.14%
Other
14.86%
ULST
USA
75.07%
Other
24.93%
Sectors
IBDR
Finance
37.78%
Non-Corporate
20.14%
Technology
10.01%
Other
32.08%
ULST
Sovereign
33.27%
Finance
30.68%
Other
36.05%
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Diversification
IBDR
Total weight of top 15 holdings out of 15
35.15%
ULST
Total weight of top 15 holdings out of 15
47.77%
Top 15 holdings
Data as of July 31, 2026
IBDR
BlackRock Cash Funds - Treasury
20.14%
AbbVie, 2.95% 21nov2026, USD
1.56%
Aercap Holdings, 2.45% 29oct2026, USD
1.55%
Microsoft, 2.4% 8aug2026, USD
1.39%
Citigroup, 3.2% 21oct2026, USD
1.19%
Wells Fargo, 3% 23oct2026, USD
1.17%
JP Morgan, 2.95% 1oct2026, USD
1.09%
Goldman Sachs, 3.5% 16nov2026, USD
1.05%
JPMorgan Chase Bank, 5.11% 8dec2026, USD (25)
0.99%
Morgan Stanley, 4.35% 8sep2026, USD (F)
0.89%
Apple, 2.45% 4aug2026, USD
0.85%
Apple, 2.05% 11sep2026, USD
0.85%
Alphabet, 1.998% 15aug2026, USD
0.81%
Bank of America Corporation, 4.25% 22oct2026, USD (L)
0.81%
Citibank N.A., 5.488% 4dec2026, USD
0.81%
ULST
USA, Notes 4.125% 28feb2027, USD (AY-2027)
12.28%
USA, Bills 0% 1sep2026, USD (119D)
9.45%
USA, Bills 0% 15sep2026, USD (119D)
4.72%
USA, Notes 3.625% 31aug2027, USD (BG-2027)
3.44%
USA, Notes 4% 30jun2028, USD (AA-2028)
3.27%
Athene Global Funding, 2.95% 12nov2026, USD
2.69%
Toronto-Dominion Bank, 4.568% 17dec2026, USD (C)
1.88%
Athene Global Funding, 4.83% 9may2028, USD (2025-13)
1.51%
Truist Bank, 3.8% 30oct2026, USD (J)
1.50%
Microsoft, 3.4% 15sep2026, USD
1.37%
Chevron Phillips Chemical, 3.4% 1dec2026, USD
1.26%
Charles Schwab, 5.875% 24aug2026, USD
1.16%
Morgan Stanley, 5.652% 13apr2028, USD (I)
1.15%
Carnival Corp, 4% 1aug2028, USD
1.11%
Huntington National Bank, 5.65% 10jan2030, USD
0.97%
Frequently asked questions about IBDR and ULST
How have the IBDR and ULST ETFs performed in 2026?
As of September 10, 2026, IBDR is up 2.69% year-to-date (YTD), while ULST has returned 2.05%. That puts IBDR better performer ahead so far this year.
Which ETF is attracting more investor money: IBDR or ULST?
Year-to-date, the IBDR ETF saw -$489M in flows, compared to -$105M for ULST.
Which ETF is more volatile: IBDR or ULST?
Over the past year, IBDR had a volatility of 0.19%, while ULST experienced 0.49%.
Which ETF is bigger: IBDR or ULST?
As of September 10, 2026, IBDR holds $3.25 B in assets under management (AUM), while ULST manages $514.26 M.
What sectors do the IBDR and ULST ETFs invest in?
IBDR leans toward sectors like Finance, Non-Corporate and Technology. Meanwhile, ULST focuses on Sovereign and Finance.
What are the top holdings of the IBDR ETF and ULST ETF?
IBDR top holdings include BlackRock Cash Funds - Treasury, AbbVie, 2.95% 21nov2026, USD and Aercap Holdings, 2.45% 29oct2026, USD. ULST holds in its top three: USA, Notes 4.125% 28feb2027, USD (AY-2027), USA, Bills 0% 1sep2026, USD (119D) and USA, Bills 0% 15sep2026, USD (119D).
Which ETF is more diversified: IBDR or ULST?
IBDR holds 230 securities with 35.15% of its assets in the top 15. ULST has 303 securities and a top 15 weight of 47.77%.
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