IBTRvsZTAXETF Comparison
VS
iShares iBonds Dec 2036 Term Treasury ETF (IBTR) belongs to the US Government Bonds segment. X-Square Municipal Income Tax Free ETF (ZTAX) is part of the Municipal Bonds segment. IBTR's top 2 sector exposures are Sovereign and Non-Corporate. In contrast, ZTAX's top sector exposures are Municipal and Non-Corporate. IBTR is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 5.82% for ZTAX. Run a side-by-side ETF comparison of IBTR and ZTAX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
IBTR vs ZTAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBTR ZTAX | +1.25%-1.07% | -1.06%-2.93% | n/a-0.69% | n/a-0.30% | n/a+15.48% | n/an/a |
| Flows | IBTR ZTAX | +$80M-$16K | +$102M-$16K | -+$670K | -+$670K | -+$2M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBTR ZTAX | +6.20%+7.80% | n/a+5.34% | n/a+5.57% | n/an/a |
| Max drawdown | IBTR ZTAX | -4.65%-6.46% | n/a-6.98% | n/a-8.75% | n/an/a |
| Max drawdown duration | IBTR ZTAX | 59d73d | n/a116d | n/a316d | n/an/a |
Trading data
IBTR | ZTAX | |
Last sale 10/26/2026 at 2:10 PM | $23.99 | $23.91 |
| Previous close 10/23/2026 | $23.94 | $23.91 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 26, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
ZTAX
is actively managed and doesn’t replicate an indexIBTR | ZTAX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/26/2026 at 2:10 PM
Live
Closed
IBTR | ZTAX | |
|---|---|---|
| Last price | $23.99 | $23.91 |
| 1D performance | +0.23% | +0.00% |
| AuM | $116.01 M | $4.94 M |
| E/R | 0.07% | 5.82% |
Characteristics
IBTR | ZTAX | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | X-Square Capital |
| Benchmark | ICE 2036 Maturity US Treasury Index | - |
| N° of holdings | 5 | 13 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2026 | May 19, 2023 |
| ESG | No | No |
Advertisement
Exposure
Countries
IBTR
USA
86.34%
Other
13.66%
ZTAX
USA
83.13%
Other
16.87%
Sectors
IBTR
Sovereign
85.23%
Other
14.77%
ZTAX
Municipal
82.8%
Other
17.2%
Diversification
IBTR
Total weight of top 5 holdings out of 5
100.75%
ZTAX
Total weight of top 15 holdings out of 15
99.39%
Top 15 holdings
Data as of August 31, 2026
IBTR
USA, Notes 4.375% 15may2036, USD (C-2036)
41.72%
USA, Notes 4.125% 15feb2036, USD (B-2036)
40.49%
US91282CRF04
14.42%
USA, Bonds 4.5% 15feb2036, USD
3.02%
BlackRock Cash Funds - Treasury
1.11%
ZTAX
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
19.11%
Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD
16.27%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
8.67%
Matching Fund Special Purpose Securitization Corp., 5% 1oct2039, USD (2022A)
8.55%
Puerto Rico, 4% 1jul2037, USD
8.04%
Puerto Rico, 5.75% 1jul2031, USD
5.70%
Puerto Rico Aqueduct and Sewer Authority, 5% 1jul2047, USD (2020A)
5.54%
US745160UD15
5.14%
US745160TP63
5.08%
US745160TT85
4.63%
Puerto Rico, 4% 1jul2035, USD
4.29%
Puerto Rico, 5.625% 1jul2027, USD
3.57%
Puerto Rico, 4% 1jul2041, USD
2.20%
US40065NCQ88
1.74%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.86%
Frequently asked questions about IBTR and ZTAX
Which ETF is bigger: IBTR or ZTAX?
As of October 23, 2026, IBTR holds $116.01 M in assets under management (AUM), while ZTAX manages $4.94 M.
What sectors do the IBTR and ZTAX ETFs invest in?
IBTR leans toward sectors like Sovereign. Meanwhile, ZTAX focuses on Municipal.
What are the top holdings of the IBTR ETF and ZTAX ETF?
IBTR top holdings include USA, Notes 4.375% 15may2036, USD (C-2036), USA, Notes 4.125% 15feb2036, USD (B-2036) and US91282CRF04. ZTAX holds in its top three: Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD, Puerto Rico Sales Tax Financing Corp., 4.784% 1jul2058, USD and Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD.
Which ETF is more diversified: IBTR or ZTAX?
IBTR has 5 securities. ZTAX has 16 securities and a top 15 weight of 99.39%.
Advertisement
Latest news about IBTR & ZTAX
Advertisement
