BRHY vs. IBHD

Last updated Jun 25, 2026

BRHY (iShares High Yield Active ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds from iShares. BRHY is actively managed, while IBHD is passively managed. BRHY charges 0.45%/yr vs 0.35%/yr for IBHD.

Performance

BRHY vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares High Yield Active ETF (BRHY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BRHY

• 1D: -0.02%
• 1M: 0.38%
• YTD: 1.72%
• 6M: 1.84%
• 1Y: 6.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRHY vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
BRHY iShares High Yield Active ETF	1.36%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

BRHY vs. IBHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRHY

BRHY Risk / Return Rank: 74
BRHY Sharpe Ratio Rank: 77
BRHY Sortino Ratio Rank: 82
BRHY Omega Ratio Rank: 82
BRHY Calmar Ratio Rank: 58
BRHY Martin Ratio Rank: 71

IBHD

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRHY vs. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Active ETF (BRHY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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.

	BRHY	IBHD	Difference
Sharpe ratio: Return per unit of total volatility	2.14	—	—
Sortino ratio: Return per unit of downside risk	3.17	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	2.49	—	—
Martin ratio: Return relative to average drawdown	11.43	—	—

Drawdowns

BRHY vs. IBHD - Drawdown Comparison

The maximum BRHY drawdown since its inception was -4.42%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BRHY and IBHD.

Drawdown Indicators

	BRHY	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-4.42%	0.00%	-4.42%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	—	—
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-0.39%	0.00%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	—	—

Volatility

Volatility by Period

	BRHY	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.23%	0.00%	+3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.01%	0.00%	+4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.01%	0.00%	+4.01%

BRHY vs. IBHD - Expense Ratio Comparison

BRHY has a 0.45% expense ratio, which is higher than IBHD's 0.35% expense ratio.

Dividends

BRHY vs. IBHD - Dividend Comparison

BRHY's dividend yield for the trailing twelve months is around 7.85%, while IBHD has not paid dividends to shareholders.

Position	TTM	2025	2024
BRHY iShares High Yield Active ETF	7.85%	7.97%	4.27%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, BRHY or IBHD?

On fees, IBHD 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, BRHY or IBHD?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.45% for BRHY.

Which ETF pays a higher dividend yield, BRHY or IBHD?

BRHY has the higher dividend yield at 7.85%, compared with 0.00% for IBHD.

What is the main difference between BRHY and IBHD?

Their fees differ too: 0.45% for BRHY and 0.35% for IBHD.