iShares iBonds 2023 Term High Yield & Income ETF (IBHC)
IBHC is a passive ETF by iShares tracking the investment results of the Bloomberg 2023 Term High Yield and Income Index. IBHC launched on May 7, 2019 and has a 0.35% expense ratio.
ETF Info
| ISIN | US46435U1503 |
|---|---|
| CUSIP | 46435U150 |
| Issuer | iShares |
| Inception Date | May 7, 2019 |
| Region | North America (U.S.) |
| Category | High Yield Bonds |
| Leveraged | 1x |
| Index Tracked | Bloomberg 2023 Term High Yield and Income Index |
| Asset Class | Bond |
Expense Ratio
IBHC features an expense ratio of 0.35%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: IBHC vs. IBDO, IBHC vs. DIVO, IBHC vs. IBHD, IBHC vs. BIL, IBHC vs. HYGH
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares iBonds 2023 Term High Yield & Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 25.48% |
| 1 month | N/A | 2.14% |
| 6 months | N/A | 12.76% |
| 1 year | N/A | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of IBHC, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.55% | 0.31% | 0.37% | 0.46% | 0.15% | 0.55% | 0.34% | 0.61% | 0.31% | 0.64% | 0.39% | 4.90% | |
| 2022 | -0.74% | -0.42% | -0.86% | -0.61% | 0.62% | -1.04% | 0.87% | -0.14% | -0.16% | 0.57% | 0.54% | 0.47% | -0.92% |
| 2021 | 0.18% | 0.33% | 1.32% | 0.61% | 0.28% | 0.87% | 0.11% | 0.39% | 0.01% | 0.00% | -0.55% | 0.70% | 4.32% |
| 2020 | -0.13% | -0.89% | -11.21% | 4.30% | 2.41% | 0.86% | 3.53% | 0.89% | -0.44% | 0.80% | 2.38% | 1.88% | 3.52% |
| 2019 | -1.31% | 2.23% | -0.24% | 0.27% | 0.43% | 0.17% | 0.20% | 1.98% | 3.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares iBonds 2023 Term High Yield & Income ETF (IBHC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares iBonds 2023 Term High Yield & Income ETF provided a 0.41% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Dividend | $0.10 | $0.71 | $1.04 | $1.34 | $0.92 |
Dividend yield | 0.41% | 3.02% | 4.27% | 5.51% | 3.68% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds 2023 Term High Yield & Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.07 | $0.08 | $0.08 | $0.09 | $0.09 | $0.10 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.98 |
| 2022 | $0.00 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.14 | $0.71 |
| 2021 | $0.00 | $0.11 | $0.11 | $0.10 | $0.10 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.14 | $1.04 |
| 2020 | $0.00 | $0.11 | $0.11 | $0.11 | $0.12 | $0.11 | $0.10 | $0.11 | $0.11 | $0.12 | $0.11 | $0.23 | $1.34 |
| 2019 | $0.21 | $0.12 | $0.12 | $0.12 | $0.12 | $0.24 | $0.92 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares iBonds 2023 Term High Yield & Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares iBonds 2023 Term High Yield & Income ETF was 20.23%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.23% | Feb 21, 2020 | 22 | Mar 23, 2020 | 166 | Nov 16, 2020 | 188 |
| -3.85% | Nov 4, 2021 | 152 | Jun 13, 2022 | 207 | Apr 11, 2023 | 359 |
| -1.75% | Jun 21, 2019 | 38 | Aug 14, 2019 | 19 | Sep 11, 2019 | 57 |
| -1.35% | May 22, 2019 | 7 | May 31, 2019 | 7 | Jun 11, 2019 | 14 |
| -1.12% | Sep 18, 2019 | 15 | Oct 8, 2019 | 12 | Oct 24, 2019 | 27 |
Volatility
Volatility Chart
The current iShares iBonds 2023 Term High Yield & Income ETF volatility is 0.67%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.