BILT vs. IBHE

Last updated Jul 14, 2026

BILT (iShares Infrastructure Active ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both exchange-traded funds - BILT is a Utilities Equities fund actively managed by iShares, while IBHE is a High Yield Bonds fund tracking the Bloomberg 2025 Term High Yield and Income Index. BILT is actively managed, while IBHE is passively managed. At a correlation of -0.00, they often move in opposite directions. BILT charges 0.60%/yr vs 0.35%/yr for IBHE.

Performance

BILT vs. IBHE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Infrastructure Active ETF (BILT) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BILT

• 1D: 0.40%
• 1M: 1.39%
• 6M: 15.55%
• YTD: 15.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BILT vs. IBHE - Yearly Performance Comparison

	2026 (YTD)	2025
BILT iShares Infrastructure Active ETF	15.92%	4.16%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	0.00%	1.58%

Correlation

The correlation between BILT and IBHE is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	-0.00

Return for Risk

BILT vs. IBHE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Infrastructure Active ETF (BILT) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	BILT	IBHE	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-1.39%	—	—

Volatility

Volatility by Period

	BILT	IBHE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.34%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.34%	—	—

BILT vs. IBHE - Expense Ratio Comparison

BILT has a 0.60% expense ratio, which is higher than IBHE's 0.35% expense ratio.

Dividends

BILT vs. IBHE - Dividend Comparison

BILT's dividend yield for the trailing twelve months is around 5.62%, while IBHE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BILT iShares Infrastructure Active ETF	5.62%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	1.87%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%

Frequently Asked Questions

Can I hold both BILT and IBHE in my portfolio?

BILT and IBHE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BILT or IBHE?

On fees, IBHE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BILT or IBHE?

IBHE is cheaper with a 0.35% expense ratio, compared with 0.60% for BILT.

Which ETF pays a higher dividend yield, BILT or IBHE?

BILT has the higher dividend yield at 5.62%, compared with 1.87% for IBHE.

What is the main difference between BILT and IBHE?

BILT is categorized as Utilities Equities, while IBHE is High Yield Bonds. Their fees differ too: 0.60% for BILT and 0.35% for IBHE.