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. At a 0.25 correlation, their price movements are largely independent. 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 -0.04% return, which is significantly lower than IGBH's 2.19% return.
HBDC
- 1D
- -0.14%
- 1M
- 0.27%
- YTD
- -0.04%
- 6M
- 0.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGBH
- 1D
- -0.24%
- 1M
- 0.93%
- YTD
- 2.19%
- 6M
- 2.63%
- 1Y
- 9.07%
- 3Y*
- 8.89%
- 5Y*
- 5.25%
- 10Y*
- 5.02%
HBDC vs. IGBH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HBDC Hilton BDC Corporate Bond ETF | -0.04% | 2.66% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 2.19% | 6.09% |
Correlation
The correlation between HBDC and IGBH is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | 0.25 |
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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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HBDC | IGBH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.25 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.86 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.51 | +0.38 |
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 | — | -4.24% | — |
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 | -0.67% | -0.31% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -2.66% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.15% | — |
Volatility
HBDC vs. IGBH - Volatility Comparison
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Volatility by Period
| HBDC | IGBH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 4.05% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.98% | 6.13% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 9.20% | -6.22% |
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 4.53%, less than IGBH's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBDC Hilton BDC Corporate Bond ETF | 4.53% | 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 | 5.67% | 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 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGBH is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGBH is cheaper with a 0.16% expense ratio, compared with 0.39% for HBDC.
IGBH has the higher dividend yield at 5.67%, compared with 4.53% for HBDC.
They also come from different issuers: Hilton and iShares. Their fees differ too: 0.39% for HBDC and 0.16% for IGBH.
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