- Issuer
- iShares
- Inception Date
- Dec 4, 2015
- Category
- Total Bond Market
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
IHEB.AX Performance Chart
iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF (IHEB.AX) is up 1.3% since the beginning of the year. IHEB.AX is currently trading at A$77 per share. Investors who bought A$1,000 worth of IHEB.AX shares 5 years ago would now be looking at an investment worth A$1,082.
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Returns By Period
iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF (IHEB.AX) has returned 1.27% so far this year and 8.50% over the past 12 months. Over the last ten years, IHEB.AX has returned 3.51% per year, falling short of the S&P 500 Index benchmark, which averaged 14.27% annually.
iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF
- 1D
- 0.04%
- 1M
- -0.76%
- 6M
- 1.61%
- YTD
- 1.27%
- 1Y
- 8.50%
- 3Y*
- 8.63%
- 5Y*
- 1.58%
- 10Y*
- 3.51%
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
IHEB.AX Monthly Returns History
Based on dividend-adjusted daily data since Dec 4, 2015, IHEB.AX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 63% of months were positive and 38% were negative. The best month was Jul 2020 with a return of +7.9%, while the worst month was Mar 2020 at -16.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, IHEB.AX closed higher 49% of trading days. The best single day was Mar 26, 2020 with a return of +7.2%, while the worst single day was Mar 19, 2020 at -11.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.01% | 1.62% | -4.31% | 2.41% | 1.42% | 0.50% | -0.23% | 1.27% | |||||
| 2025 | 1.75% | 1.36% | -0.84% | 0.41% | 0.43% | 2.73% | 0.95% | 1.46% | 1.79% | 1.65% | -0.11% | 1.17% | 13.46% |
| 2024 | -1.58% | 0.34% | 2.60% | -2.02% | 1.60% | 0.24% | 3.14% | 2.47% | 1.62% | -1.33% | 0.76% | -1.64% | 6.18% |
| 2023 | 2.31% | -2.00% | 0.63% | 0.30% | -0.49% | 1.34% | 2.44% | -1.35% | -3.39% | -0.72% | 6.44% | 3.74% | 9.22% |
| 2022 | -3.79% | -5.32% | 0.38% | -5.73% | -1.58% | -7.00% | 5.14% | -0.55% | -8.98% | 2.73% | 6.29% | 0.31% | -17.76% |
| 2021 | -1.45% | -4.14% | -0.51% | 3.39% | 1.33% | 0.30% | 1.63% | 0.45% | -1.72% | 0.33% | -1.84% | 1.47% | -1.00% |
Benchmark Metrics
iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF has an annualized alpha of 5.03%, beta of -0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 04, 2015.
- This ETF participated in 29.83% of S&P 500 Index downside but only 24.71% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.02 may look defensive, but with R2 of 0.00 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 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.03%
- Beta
- -0.02
- R²
- 0.00
- Upside Capture
- 24.71%
- Downside Capture
- 29.83%
Return for Risk
Risk / Return Rank
IHEB.AX ranks 51 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF (IHEB.AX) 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.
| IHEB.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.11 | +0.74 |
| Martin ratioReturn relative to average drawdown | 7.02 | 3.10 | +3.92 |
Dividends
Dividend History
iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF provided a 6.02% dividend yield over the last twelve months, with an annual payout of A$4.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$4.62 | A$4.56 | A$6.87 | A$3.97 | A$6.36 | A$6.03 | A$10.23 | A$7.06 | A$3.51 | A$7.46 |
Dividend yield | 6.02% | 5.74% | 9.24% | 5.17% | 8.58% | 6.14% | 9.71% | 6.51% | 3.59% | 6.82% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) 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 | A$0.00 | A$0.00 | A$2.19 | A$0.00 | A$0.00 | A$0.00 | A$1.27 | A$3.46 | |||||
| 2025 | A$0.00 | A$0.00 | A$2.28 | A$0.00 | A$0.00 | A$0.00 | A$1.12 | A$0.00 | A$0.00 | A$1.16 | A$0.00 | A$0.00 | A$4.56 |
| 2024 | A$0.00 | A$0.00 | A$2.35 | A$0.00 | A$0.00 | A$0.00 | A$2.78 | A$0.00 | A$0.00 | A$1.74 | A$0.00 | A$0.00 | A$6.87 |
| 2023 | A$0.00 | A$0.00 | A$0.00 | A$1.37 | A$0.00 | A$0.00 | A$1.24 | A$0.00 | A$0.00 | A$1.35 | A$0.00 | A$0.00 | A$3.97 |
| 2022 | A$0.00 | A$0.00 | A$0.90 | A$0.00 | A$0.00 | A$0.00 | A$4.02 | A$0.00 | A$0.00 | A$1.43 | A$0.00 | A$0.00 | A$6.36 |
| 2021 | A$0.00 | A$0.00 | A$0.00 | A$2.59 | A$0.00 | A$0.00 | A$1.94 | A$0.00 | A$0.00 | A$1.50 | A$0.00 | A$0.00 | A$6.03 |
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 JP Morgan USD Emerging Markets Bond (AUD Hedged) 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 JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF was 31.64%, occurring on Mar 20, 2020. Recovery took 85 trading sessions.
The current iShares JP Morgan USD Emerging Markets Bond (AUD Hedged) ETF drawdown is 0.80%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-31.64%Mar 2020 | 24d | 4mo 4d | 4mo 28dFeb 2020 - Jul 2020 | COVID crash2020 |
-27.90%Oct 2022 | 1y 1mo | 2y 9mo | 3y 10moSep 2021 - Aug 2025 | Bear market2022 |
-9.92%Nov 2018 | 10mo 23d | 3mo 29d | 1y 2moJan 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
-6.97%Mar 2021 | 2mo 8d | 4mo 9d | 6mo 17dDec 2020 - Jul 2021 | — |
-6.69%Nov 2016 | 1mo 6d | 4mo 27d | 6mo 3dOct 2016 - Apr 2017 | — |
Drawdown Indicators
| IHEB.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.64% | -41.07% | +9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -11.69% | +7.05% |
Max Drawdown (3Y)Largest decline over 3 years | -7.51% | -17.74% | +10.23% |
Max Drawdown (5Y)Largest decline over 5 years | -27.90% | -22.01% | -5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -31.64% | -24.71% | -6.93% |
Current DrawdownCurrent decline from peak | -0.80% | -0.60% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -11.02% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 4.20% | -2.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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