HBDC vs. IGBH
HBDC (Hilton BDC Corporate Bond ETF) and IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) are both Corporate Bonds funds. HBDC is actively managed, while IGBH is passively managed. Over the past year, HBDC returned 2.93% vs 6.18% for IGBH. Their 0.23 correlation means their historical movements had little consistent relationship. HBDC charges 0.39%/yr vs 0.16%/yr for IGBH.
Performance
HBDC vs. IGBH - Performance Comparison
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Returns By Period
In the year-to-date period, HBDC achieves a 0.87% return, which is significantly lower than IGBH's 1.53% return.
HBDC
- 1D
- -0.30%
- 1M
- 0.02%
- 6M
- 0.89%
- YTD
- 0.87%
- 1Y
- 2.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.27%
IGBH
- 1D
- 0.20%
- 1M
- -0.78%
- 6M
- 0.55%
- YTD
- 1.53%
- 1Y
- 6.18%
- 3Y*
- 7.36%
- 5Y*
- 5.15%
- 10Y*
- 4.73%
- ALL TIME*
- 4.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.92K | $36.45K | $93.04K | |
| $5.00M | $3.48M | $2.46M |
HBDC vs. IGBH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBDC Hilton BDC Corporate Bond ETF | 0.87% | 2.83% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 1.53% | 6.16% |
Correlation
The correlation between HBDC and IGBH is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025 | 0.23 |
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Return for Risk
HBDC vs. IGBH — Risk / Return Rank
HBDC
IGBH
HBDC vs. IGBH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hilton BDC Corporate Bond ETF (HBDC) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH). 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.
| HBDC | IGBH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.41 | -0.24 |
| Martin ratioReturn relative to average drawdown | 3.68 | 5.00 | -1.32 |
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Drawdowns
HBDC vs. IGBH - Drawdown Comparison
The maximum HBDC drawdown since its inception was -2.96%, smaller than the maximum IGBH drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for HBDC and IGBH.
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Drawdown Indicators
| HBDC | IGBH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.96% | -33.67% | +30.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -4.24% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.67% | — |
Current DrawdownCurrent decline from peak | -0.30% | -1.13% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -2.64% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.19% | -0.25% |
Volatility
HBDC vs. IGBH - Volatility Comparison
The current volatility for Hilton BDC Corporate Bond ETF (HBDC) is 0.57%, while iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) has a volatility of 0.81%. This indicates that HBDC experiences smaller price fluctuations and is considered to be less risky than IGBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBDC | IGBH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.81% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 3.07% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.81% | 3.95% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.89% | 6.03% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.89% | 9.19% | -6.30% |
HBDC vs. IGBH - Expense Ratio Comparison
HBDC has a 0.39% expense ratio, which is higher than IGBH's 0.16% expense ratio.
Dividends
HBDC vs. IGBH - Dividend Comparison
HBDC's dividend yield for the trailing twelve months is around 4.91%, less than IGBH's 5.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBDC Hilton BDC Corporate Bond ETF | 4.91% | 2.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 5.61% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
Frequently Asked Questions
HBDC and IGBH have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBH has higher volatility (0.81%) compared to HBDC (0.57%). In terms of maximum drawdown, HBDC dropped -2.96% vs IGBH's -33.67%.
On 1-year performance, IGBH leads with 6.18% vs 2.93% for HBDC. On fees, IGBH is cheaper at 0.16% per year. On volatility, HBDC has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGBH has performed better with a 6.18% return vs 2.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGBH is cheaper with a 0.16% expense ratio, compared with 0.39% for HBDC.
IGBH has the higher dividend yield at 5.61%, compared with 4.91% for HBDC.
They also come from different issuers: Hilton and iShares. Their fees differ too: 0.39% for HBDC and 0.16% for IGBH.
IGBH currently has the higher Sharpe Ratio (1.51 vs 1.24), 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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