- Issuer
- iShares
- Inception Date
- Nov 10, 2020
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $810M
Highlights
- Avg. Volume (1M)
- 202K
- Avg. Volume Value (1M)
- $4.56M
Share Price Chart
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Performance
IBHF Performance Chart
iShares iBonds 2026 Term High Yield and Income ETF (IBHF) is up 0.5% since the beginning of the year. IBHF is currently trading at $23 per share. Investors who bought $1,000 worth of IBHF shares 5 years ago would now be looking at an investment worth $1,215.
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Compare this symbol against anything
Returns By Period
iShares iBonds 2026 Term High Yield and Income ETF (IBHF) has returned 0.51% so far this year and 3.06% over the past 12 months.
iShares iBonds 2026 Term High Yield and Income ETF
- 1D
- -0.01%
- 1M
- -0.09%
- 6M
- 0.29%
- YTD
- 0.51%
- 1Y
- 3.06%
- 3Y*
- 6.78%
- 5Y*
- 3.97%
- 10Y*
- —
- ALL TIME*
- 4.47%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
IBHF Monthly Returns History
Based on dividend-adjusted daily data since Nov 12, 2020, IBHF's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 70% of months were positive and 30% were negative. The best month was Jul 2022 with a return of +5.0%, while the worst month was Jun 2022 at -5.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IBHF closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +2.7%, while the worst single day was Jun 13, 2022 at -2.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.22% | 0.46% | -0.25% | 0.11% | -0.17% | 0.21% | -0.08% | 0.51% | |||||
| 2025 | 0.91% | 0.76% | -0.28% | 0.17% | 0.78% | 0.78% | 0.74% | 1.10% | 0.55% | 0.41% | -0.09% | 0.59% | 6.60% |
| 2024 | 0.26% | 0.63% | 0.96% | -0.48% | 1.19% | 0.54% | 1.51% | 0.97% | 1.51% | 0.07% | 0.72% | 0.38% | 8.55% |
| 2023 | 2.68% | -0.73% | 1.20% | 0.65% | -0.75% | 1.81% | 0.81% | 0.48% | -0.39% | -0.55% | 3.01% | 1.82% | 10.40% |
| 2022 | -1.95% | -0.47% | -0.76% | -2.66% | 0.48% | -5.78% | 4.98% | -1.99% | -2.80% | 2.45% | 3.13% | -1.04% | -6.66% |
| 2021 | -0.24% | 0.21% | 1.26% | 0.68% | 0.29% | 0.93% | -0.15% | 0.39% | 0.03% | 0.05% | -0.98% | 1.90% | 4.43% |
Benchmark Metrics
iShares iBonds 2026 Term High Yield and Income ETF has an annualized alpha of 1.49%, beta of 0.21, and R2 of 0.40 versus S&P 500 Index. Calculated based on daily prices since November 12, 2020.
- This ETF participated in 23.69% of S&P 500 Index downside but only 22.21% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.21 may look defensive, but with R2 of 0.40 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.40 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.49%
- Beta
- 0.21
- R²
- 0.40
- Upside Capture
- 22.21%
- Downside Capture
- 23.69%
Expense Ratio
IBHF has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IBHF ranks 82 for risk / return — above 82% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBHF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 2.00 | +2.14 |
| Martin ratioReturn relative to average drawdown | 11.18 | 8.49 | +2.68 |
Dividends
Dividend History
iShares iBonds 2026 Term High Yield and Income ETF provided a 5.77% dividend yield over the last twelve months, with an annual payout of $1.30 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.30 | $1.55 | $1.66 | $1.68 | $1.34 | $1.15 | $0.16 |
Dividend yield | 5.77% | 6.73% | 7.17% | 7.33% | 6.01% | 4.55% | 0.61% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds 2026 Term High Yield and 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.12 | $0.11 | $0.12 | $0.11 | $0.11 | $0.08 | $0.65 | |||||
| 2025 | $0.00 | $0.13 | $0.12 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.27 | $1.55 |
| 2024 | $0.00 | $0.14 | $0.14 | $0.14 | $0.15 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.26 | $1.66 |
| 2023 | $0.00 | $0.13 | $0.13 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.14 | $0.15 | $0.28 | $1.68 |
| 2022 | $0.00 | $0.10 | $0.10 | $0.11 | $0.10 | $0.10 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.25 | $1.34 |
| 2021 | $0.00 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.19 | $1.15 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares iBonds 2026 Term High Yield and 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 2026 Term High Yield and Income ETF was 11.19%, occurring on Jun 13, 2022. Recovery took 358 trading sessions.
The current iShares iBonds 2026 Term High Yield and Income ETF drawdown is 0.48%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-11.19%Jun 2022 | 5mo 17d | 1y 5mo | 1y 10moDec 2021 - Nov 2023 | Bear market2022 |
-2.53%Apr 2025 | 1mo 5d | 18d | 1mo 23dMar 2025 - Apr 2025 | 2025 selloff2025 |
-1.87%Nov 2021 | 18d | 26d | 1mo 14dNov 2021 - Dec 2021 | — |
-1.40%Jan 2021 | 3d | 2mo 17d | 2mo 20dJan 2021 - Mar 2021 | — |
-1.13%Apr 2024 | 26d | 16d | 1mo 12dMar 2024 - May 2024 | — |
Drawdown Indicators
| IBHF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.19% | -56.78% | +45.59% |
Max Drawdown (1Y)Largest decline over 1 year | -0.75% | -9.10% | +8.35% |
Max Drawdown (3Y)Largest decline over 3 years | -2.53% | -18.90% | +16.37% |
Max Drawdown (5Y)Largest decline over 5 years | -11.19% | -25.43% | +14.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.48% | -1.58% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -10.70% | +8.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 2.14% | -1.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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