- ISIN
- US46436E3797
- Issuer
- iShares
- Inception Date
- Mar 8, 2022
- Region
- North America (U.S.)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $467M
Share Price Chart
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Performance
IBHI Performance Chart
iShares iBonds 2029 Term High Yield and Income ETF (IBHI) is up 1.8% since the beginning of the year. IBHI is currently trading at $23 per share.
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Returns By Period
iShares iBonds 2029 Term High Yield and Income ETF (IBHI) has returned 1.80% so far this year and 6.83% over the past 12 months.
iShares iBonds 2029 Term High Yield and Income ETF
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 1.80%
- 6M
- 1.93%
- 1Y
- 6.83%
- 3Y*
- 9.23%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IBHI Monthly Returns History
Based on dividend-adjusted daily data since Mar 10, 2022, IBHI's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 65% of months were positive and 35% were negative. The best month was Jul 2022 with a return of +7.3%, while the worst month was Jun 2022 at -7.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IBHI closed higher 52% 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 -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.51% | -0.20% | -0.68% | 1.51% | 0.48% | 0.18% | 1.80% | ||||||
| 2025 | 1.15% | 0.77% | -1.73% | 0.00% | 1.93% | 1.89% | 0.24% | 1.17% | 0.97% | -0.09% | 0.61% | 0.74% | 7.88% |
| 2024 | 0.41% | -0.30% | 1.93% | -1.81% | 1.70% | 0.86% | 2.24% | 1.52% | 1.28% | -0.69% | 1.49% | -0.51% | 8.33% |
| 2023 | 4.52% | -2.23% | 2.52% | 0.72% | -1.49% | 1.85% | 1.21% | -0.08% | -1.65% | -0.81% | 4.90% | 4.24% | 14.21% |
| 2022 | 0.90% | -5.21% | 0.91% | -7.80% | 7.30% | -3.86% | -5.00% | 3.45% | 3.24% | -1.79% | -8.52% |
Benchmark Metrics
iShares iBonds 2029 Term High Yield and Income ETF has an annualized alpha of 0.68%, beta of 0.33, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since March 10, 2022.
- This ETF participated in 50.94% of S&P 500 Index downside but only 36.87% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.33 may look defensive, but with R2 of 0.50 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 0.50 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
- 0.68%
- Beta
- 0.33
- R²
- 0.50
- Upside Capture
- 36.87%
- Downside Capture
- 50.94%
Expense Ratio
IBHI has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IBHI ranks 63 for risk / return — better than 63% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) 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.
| IBHI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.78 | +0.46 |
| Martin ratioReturn relative to average drawdown | 14.21 | 12.44 | +1.77 |
Dividends
Dividend History
iShares iBonds 2029 Term High Yield and Income ETF provided a 6.67% dividend yield over the last twelve months, with an annual payout of $1.56 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.56 | $1.60 | $1.56 | $1.50 | $1.14 |
Dividend yield | 6.67% | 6.79% | 6.66% | 6.48% | 5.26% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares iBonds 2029 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 | $0.13 | $0.13 | $0.13 | $0.12 | $0.13 | $0.64 | ||||||
| 2025 | $0.00 | $0.13 | $0.14 | $0.13 | $0.14 | $0.14 | $0.14 | $0.14 | $0.13 | $0.13 | $0.13 | $0.26 | $1.60 |
| 2024 | $0.00 | $0.13 | $0.11 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.14 | $0.27 | $1.56 |
| 2023 | $0.00 | $0.12 | $0.12 | $0.15 | $0.15 | $0.12 | $0.12 | $0.12 | $0.12 | $0.13 | $0.11 | $0.24 | $1.50 |
| 2022 | $0.18 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.25 | $1.14 |
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 2029 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 2029 Term High Yield and Income ETF was 13.65%, occurring on Sep 30, 2022. Recovery took 294 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -13.65%Sep 2022 | 6mo 4d | 1y 2mo | 1y 8moMar 2022 - Dec 2023 |
2025 selloff2025 | -5.73%Apr 2025 | 1mo 5d | 1mo 23d | 2mo 28dMar 2025 - May 2025 |
2024 pullback2024 | -2.52%Apr 2024 | 17d | 27d | 1mo 14dApr 2024 - May 2024 |
Bear market2022 | -2.13%Mar 2022 | 3d | 3d | 6dMar 2022 - Mar 2022 |
2026 pullback2026 | -2.11%Mar 2026 | 1mo 22d | 12d | 2mo 4dFeb 2026 - Apr 2026 |
Drawdown Indicators
| IBHI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -56.78% | +43.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -9.10% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | -18.90% | +13.17% |
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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -10.71% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 2.03% | -1.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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