- ISIN
- US46436E4787
- Issuer
- iShares
- Inception Date
- Jul 7, 2021
- Region
- North America (U.S.)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $501M
Share Price Chart
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Performance
IBHG Performance Chart
iShares iBonds 2027 Term High Yield and Income ETF (IBHG) is up 1.2% since the beginning of the year. IBHG is currently trading at $22 per share.
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Returns By Period
iShares iBonds 2027 Term High Yield and Income ETF (IBHG) has returned 1.15% so far this year and 4.38% over the past 12 months.
iShares iBonds 2027 Term High Yield and Income ETF
- 1D
- -0.02%
- 1M
- 0.00%
- YTD
- 1.15%
- 6M
- 1.42%
- 1Y
- 4.38%
- 3Y*
- 7.62%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
IBHG Monthly Returns History
Based on dividend-adjusted daily data since Jul 9, 2021, IBHG's average daily return is +0.01%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Jul 2022 with a return of +6.2%, while the worst month was Jun 2022 at -7.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, IBHG closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +2.9%, while the worst single day was Jun 13, 2022 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.03% | 0.13% | 0.00% | 0.70% | 0.40% | -0.04% | 1.15% | ||||||
| 2025 | 1.08% | 0.89% | -0.50% | 0.40% | 1.24% | 0.99% | 0.33% | 0.58% | 0.46% | 0.25% | 0.38% | 0.62% | 6.90% |
| 2024 | 0.54% | 0.12% | 0.78% | -0.89% | 1.19% | 0.49% | 1.80% | 1.03% | 1.47% | -0.35% | 1.24% | -0.20% | 7.42% |
| 2023 | 4.10% | -1.85% | 1.73% | 0.27% | -1.06% | 1.83% | 1.07% | 0.22% | -0.93% | -0.97% | 3.96% | 2.57% | 11.27% |
| 2022 | -1.98% | -0.71% | -0.70% | -3.93% | 0.91% | -7.13% | 6.24% | -2.82% | -3.69% | 3.37% | 3.44% | -1.49% | -8.88% |
| 2021 | -0.38% | 0.38% | 0.02% | -0.07% | -0.80% | 1.80% | 0.93% |
Benchmark Metrics
iShares iBonds 2027 Term High Yield and Income ETF has an annualized alpha of 0.69%, beta of 0.25, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since July 09, 2021.
- This ETF participated in 34.82% of S&P 500 Index downside but only 26.03% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.25 may look defensive, but with R2 of 0.44 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 0.44 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
- 0.69%
- Beta
- 0.25
- R²
- 0.44
- Upside Capture
- 26.03%
- Downside Capture
- 34.82%
Expense Ratio
IBHG has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IBHG ranks 82 for risk / return — in the top 82% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) 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.
| IBHG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.32 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 6.06 | 2.46 | +3.60 |
| Martin ratioReturn relative to average drawdown | 22.04 | 10.92 | +11.12 |
Dividends
Dividend History
iShares iBonds 2027 Term High Yield and Income ETF provided a 6.07% dividend yield over the last twelve months, with an annual payout of $1.34 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.34 | $1.41 | $1.56 | $1.48 | $1.20 | $0.53 |
Dividend yield | 6.07% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds 2027 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 | $0.11 | $0.10 | $0.11 | $0.11 | $0.10 | $0.53 | ||||||
| 2025 | $0.00 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.22 | $1.41 |
| 2024 | $0.00 | $0.14 | $0.13 | $0.14 | $0.13 | $0.12 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.26 | $1.56 |
| 2023 | $0.00 | $0.11 | $0.11 | $0.12 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $0.12 | $0.12 | $0.26 | $1.48 |
| 2022 | $0.00 | $0.09 | $0.09 | $0.09 | $0.11 | $0.10 | $0.08 | $0.10 | $0.11 | $0.09 | $0.11 | $0.23 | $1.20 |
| 2021 | $0.09 | $0.09 | $0.09 | $0.25 | $0.53 |
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 2027 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 2027 Term High Yield and Income ETF was 13.85%, occurring on Sep 27, 2022. Recovery took 305 trading sessions.
The current iShares iBonds 2027 Term High Yield and Income ETF drawdown is 0.04%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -13.85%Sep 2022 | 9mo 3d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
2025 selloff2025 | -3.39%Apr 2025 | 1mo 2d | 22d | 1mo 24dMar 2025 - Apr 2025 |
2024 pullback2024 | -1.75%Apr 2024 | 15d | 17d | 1mo 2dApr 2024 - May 2024 |
2024 pullback2024 | -1.57%Jan 2024 | 7d | 21d | 28dDec 2023 - Jan 2024 |
2021 pullback2021 | -1.54%Nov 2021 | 17d | 26d | 1mo 13dNov 2021 - Dec 2021 |
Drawdown Indicators
| IBHG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -56.78% | +42.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -9.10% | +8.37% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -18.90% | +15.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.04% | -3.21% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -10.71% | +8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 2.04% | -1.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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