DUKH vs. IBHG
DUKH (Ocean Park High Income ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds. DUKH is actively managed, while IBHG is passively managed. Over the past year, DUKH returned 5.16% vs 4.55% for IBHG. A 0.70 correlation means they provide meaningful diversification when combined. DUKH charges 1.07%/yr vs 0.35%/yr for IBHG.
Performance
DUKH vs. IBHG - Performance Comparison
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Returns By Period
In the year-to-date period, DUKH achieves a 0.46% return, which is significantly lower than IBHG's 1.17% return.
DUKH
- 1D
- -0.21%
- 1M
- 0.59%
- YTD
- 0.46%
- 6M
- 0.55%
- 1Y
- 5.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHG
- 1D
- 0.00%
- 1M
- 0.03%
- YTD
- 1.17%
- 6M
- 1.43%
- 1Y
- 4.55%
- 3Y*
- 7.63%
- 5Y*
- —
- 10Y*
- —
DUKH vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DUKH Ocean Park High Income ETF | 0.46% | 2.85% | 2.81% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.17% | 6.90% | 4.24% |
Correlation
The correlation between DUKH and IBHG is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024 | 0.70 |
The correlation between DUKH and IBHG has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.
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Return for Risk
DUKH vs. IBHG — Risk / Return Rank
DUKH
IBHG
DUKH vs. IBHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ocean Park High Income ETF (DUKH) and iShares iBonds 2027 Term High Yield and Income ETF (IBHG). 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.
| DUKH | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.42 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 6.29 | -4.60 |
| Martin ratioReturn relative to average drawdown | 5.81 | 22.89 | -17.08 |
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Drawdowns
DUKH vs. IBHG - Drawdown Comparison
The maximum DUKH drawdown since its inception was -5.70%, smaller than the maximum IBHG drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for DUKH and IBHG.
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Drawdown Indicators
| DUKH | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | -13.85% | +8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -0.73% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.39% | — |
Current DrawdownCurrent decline from peak | -0.81% | -0.02% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -2.64% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.20% | +0.69% |
Volatility
DUKH vs. IBHG - Volatility Comparison
Ocean Park High Income ETF (DUKH) has a higher volatility of 1.09% compared to iShares iBonds 2027 Term High Yield and Income ETF (IBHG) at 0.44%. This indicates that DUKH's price experiences larger fluctuations and is considered to be riskier than IBHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUKH | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.44% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 1.52% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 2.09% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 6.33% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 6.33% | -2.54% |
DUKH vs. IBHG - Expense Ratio Comparison
DUKH has a 1.07% expense ratio, which is higher than IBHG's 0.35% expense ratio.
Dividends
DUKH vs. IBHG - Dividend Comparison
DUKH's dividend yield for the trailing twelve months is around 5.64%, less than IBHG's 6.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DUKH Ocean Park High Income ETF | 5.64% | 6.12% | 2.77% | 0.00% | 0.00% | 0.00% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.07% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
Frequently Asked Questions
DUKH and IBHG have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUKH has higher volatility (1.09%) compared to IBHG (0.44%). In terms of maximum drawdown, DUKH dropped -5.70% vs IBHG's -13.85%.
On 1-year performance, DUKH leads with 5.16% vs 4.55% for IBHG. On fees, IBHG is cheaper at 0.35% per year. On volatility, IBHG has been the lower-risk option at 0.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DUKH has performed better with a 5.16% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHG is cheaper with a 0.35% expense ratio, compared with 1.07% for DUKH.
IBHG has the higher dividend yield at 6.07%, compared with 5.64% for DUKH.
They also come from different issuers: Ocean Park and iShares. Their fees differ too: 1.07% for DUKH and 0.35% for IBHG.
IBHG currently has the higher Sharpe Ratio (2.19 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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