HBRD vs. IBDR
HBRD (Invesco U.S. Hybrid Bond ETF) and IBDR (iShares iBonds Dec 2026 Term Corporate ETF) are both Corporate Bonds funds - HBRD tracks the ICE USD Developed Markets Corporate Ex-Banks Hybrid Bond 4.85% Constrained Index while IBDR tracks the Barclays December 2026 Maturity Corporate Index. Both are passively managed. Their 0.07 correlation means their historical movements had little consistent relationship. HBRD charges 0.40%/yr vs 0.10%/yr for IBDR.
Performance
HBRD vs. IBDR - Performance Comparison
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Returns By Period
HBRD
- 1D
- 0.02%
- 1M
- -0.47%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IBDR
- 1D
- 0.02%
- 1M
- 0.29%
- 6M
- 1.84%
- YTD
- 2.00%
- 1Y
- 4.21%
- 3Y*
- 5.16%
- 5Y*
- 1.47%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $169.16 | $296.60 | $2.86K | |
| $13.81M | $13.66M | $14.18M |
HBRD vs. IBDR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HBRD Invesco U.S. Hybrid Bond ETF | -0.24% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.49% |
Correlation
The correlation between HBRD and IBDR is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 25, 2026 | 0.07 |
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Return for Risk
HBRD vs. IBDR — Risk / Return Rank
HBRD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBDR
HBRD vs. IBDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco U.S. Hybrid Bond ETF (HBRD) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR). 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.
| HBRD | IBDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 3.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 51.21 | — |
| Martin ratioReturn relative to average drawdown | — | 187.91 | — |
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Drawdowns
HBRD vs. IBDR - Drawdown Comparison
The maximum HBRD drawdown since its inception was -2.94%, smaller than the maximum IBDR drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for HBRD and IBDR.
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Drawdown Indicators
| HBRD | IBDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.94% | -16.06% | +13.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.08% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.13% | — |
Current DrawdownCurrent decline from peak | -0.67% | 0.00% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -0.64% | -2.79% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.02% | — |
Volatility
HBRD vs. IBDR - Volatility Comparison
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Volatility by Period
| HBRD | IBDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 0.63% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 3.38% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 4.83% | -1.58% |
HBRD vs. IBDR - Expense Ratio Comparison
HBRD has a 0.40% expense ratio, which is higher than IBDR's 0.10% expense ratio.
Dividends
HBRD vs. IBDR - Dividend Comparison
HBRD's dividend yield for the trailing twelve months is around 2.49%, less than IBDR's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HBRD Invesco U.S. Hybrid Bond ETF | 2.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.11% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% |
Frequently Asked Questions
HBRD and IBDR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBDR is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBDR is cheaper with a 0.10% expense ratio, compared with 0.40% for HBRD.
IBDR has the higher dividend yield at 4.11%, compared with 2.49% for HBRD.
HBRD tracks ICE USD Developed Markets Corporate Ex-Banks Hybrid Bond 4.85% Constrained Index, while IBDR tracks Barclays December 2026 Maturity Corporate Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.40% for HBRD and 0.10% for IBDR.
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