AbstractAlthough many studies have documented the developmental trajectory of somatic traits in birds, few measure physiological traits, and even fewer document individual variation in developmental trajectory across ecological context. Hematological traits underlying aerobic capacity can be predictive of nestling survival, fledgling flight ability, and ultimately recruitment. This study aimed to assess individual variation in the developmental trajectory of two physiological traits that underlie aerobic capacity, hematocrit and hemoglobin concentration, in relation to somatic development and ecological context. Our study species, the American kestrel (Falco sparverius), is sexually dimorphic and therefore likely to show sexual variation in developmental trajectory and nestling maturity. We used lay date, year, brood size, nestling sex ratio, and parental nest visit rate to assess ecological context. Although somatic traits showed similar trajectories across nestlings, developmental trajectory for hematocrit and hemoglobin concentration showed individual variation not previously documented. This individual variation in developmental change, or trajectory, for physiological traits could not be explained by somatic development, sex, parental nest visit rate, lay date, year, brood size, or nestling sex ratio. However, we did find higher final hemoglobin concentration in 2018 and in nests with earlier lay dates. These findings demonstrate the importance of assessing physiological traits that capture aspects of individual quality distinct from somatic traits. Future studies are needed to understand the causes of individual variation in developmental trajectory, which cannot be explained by the ecological variables presented here, and the potential fitness consequences of this variation.