IQ MacKay ESG High Income ETF (IQHI) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with IQHI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to IQHI
IQHI charges 0.40% annually. There are 51 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.75B | Jul 2023 | IQHI vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.60B | Jun 2012 | IQHI vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.70B | Sep 2025 | IQHI vs NHYB | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 615.72M | Sep 2016 | IQHI vs BBHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.46B | Dec 2016 | IQHI vs HYLB |
Best Risk-Adjusted Alternatives to IQHI
IQHI has a PortfoliosLab risk / return rank of 63. There are 59 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 870.26M | Aug 2018 | IQHI vs BSJQ | |
| Virtus Seix Senior Loan ETF | 96 | 251.21M | Apr 2019 | IQHI vs SEIX | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 92 | 259.69M | Dec 2013 | IQHI vs HYZD | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 90 | 865.81M | Sep 2019 | IQHI vs BSJR | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 90 | 22.57M | Nov 2024 | IQHI vs LDRH |
Top Performing IQHI Alternatives (YTD)
IQHI is at 1.80% YTD. There are 45 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 6.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 6.35% | — | Aug 2025 | IQHI vs DADS | |
| Man Active High Yield ETF | 5.89% | 19.82M | Sep 2025 | IQHI vs MHY | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.23% | 521.46M | May 2012 | IQHI vs HYEM | |
| ProShares High Yield-Interest Rate Hedged | 4.07% | 185.42M | May 2013 | IQHI vs HYHG | |
| iShares Interest Rate Hedged High Yield Bond ETF | 3.69% | 596.69M | May 2014 | IQHI vs HYGH |
Lowest Volatility Alternatives to IQHI
IQHI has 3.77% 1-year volatility. There are 62 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | IQHI vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.30% | 870.26M | Aug 2018 | IQHI vs BSJQ | |
| Virtus Seix Senior Loan ETF | 1.63% | 251.21M | Apr 2019 | IQHI vs SEIX | |
| State Street My2027 High Yield Corporate Bond ETF | 1.73% | 4.98M | Feb 2026 | IQHI vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.95% | 865.81M | Sep 2019 | IQHI vs BSJR |
Lowest Drawdown Alternatives to IQHI
IQHI has a 1-year max drawdown of -2.46%. There are 45 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 870.26M | Aug 2018 | IQHI vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 507.25M | Jul 2021 | IQHI vs IBHG | |
| Virtus Seix Senior Loan ETF | -1.13% | 251.21M | Apr 2019 | IQHI vs SEIX | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 865.81M | Sep 2019 | IQHI vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 457.18M | Mar 2022 | IQHI vs IBHH |
Other ETFs from IndexIQ
The 6 most viewed IndexIQ ETFs shown here include MMCA, WRND, IQRA and span 6 categories. AUM among these funds goes as high as $374M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| IQ MacKay California Municipal Intermediate ETF | Municipal Bonds | 54 | -0.40% | 89.22M | Dec 2021 | IQHI vs MMCA | |
| IQ Global Equity R&D Leaders ETF | Global Equities | 60 | 12.55% | 10.46M | Feb 2022 | IQHI vs WRND | |
| IQ CBRE Real Assets ETF | REIT | 58 | 10.58% | 6.79M | May 2023 | IQHI vs IQRA | |
| IQ U.S. Large Cap R&D Leaders ETF | Large Cap Blend Equities | 50 | 10.58% | 373.52M | Feb 2022 | IQHI vs LRND | |
| IQ MacKay ESG Core Plus Bond ETF | Intermediate Core-Plus Bond | — | — | 172.11M | Jun 2021 | IQHI vs ESGB | |
| IQ Candriam U.S. Mid Cap Equity ETF | Mid Cap Blend Equities | 61 | 13.78% | 336.83M | Oct 2022 | IQHI vs IQSM |
Often Compared With IQHI
Investors most often compare IQHI with MSXAX, PSH, HYBL. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare IQHI with Any Fund or Stock
Compare IQHI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair IQHI with funds that move differently
IQ MacKay ESG High Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IQHI.
Explore IQHI Diversifiers