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HYG vs. LDRH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYG vs. LDRH

Last updated Jun 4, 2026

HYG (iShares iBoxx $ High Yield Corporate Bond ETF) and LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) are both High Yield Bonds funds from iShares - HYG tracks the Markit iBoxx USD Liquid High Yield Index while LDRH tracks the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. Both are passively managed. Over the past year, HYG returned 6.51% vs 6.43% for LDRH. Their correlation of 0.88 suggests significant overlap in exposure. HYG charges 0.49%/yr vs 0.35%/yr for LDRH.

Performance

HYG vs. LDRH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HYG achieves a 1.32% return, which is significantly lower than LDRH's 1.79% return.

HYG

1D
-0.28%
1M
0.36%
YTD
1.32%
6M
1.73%
1Y
6.51%
3Y*
8.48%
5Y*
3.77%
10Y*
4.94%

LDRH

1D
-0.20%
1M
0.18%
YTD
1.79%
6M
2.28%
1Y
6.43%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYG vs. LDRH - Yearly Performance Comparison

2026 (YTD)20252024
HYG
iShares iBoxx $ High Yield Corporate Bond ETF		1.32%8.59%-0.48%
LDRH
iShares iBonds 1-5 Year High Yield and Income Ladder ETF		1.79%7.18%0.21%

Correlation

The correlation between HYG and LDRH is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Nov 11, 2024

0.88

The correlation between HYG and LDRH has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

HYG vs. LDRH - Sectors Allocation Comparison

Sectors
HYG
LDRH

Utilities

99.6%

-

Real Estate

0.4%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

100.0%

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

HYG
99.6%
LDRH

-

Real Estate

HYG
0.4%
LDRH

-

Basic Materials

HYG

-

LDRH

-

Communication Services

HYG

-

LDRH

-

Consumer Cyclical

HYG

-

LDRH

-

Consumer Defensive

HYG

-

LDRH

-

Energy

HYG

-

LDRH
100.0%

Financial Services

HYG

-

LDRH

-

Healthcare

HYG

-

LDRH

-

Industrials

HYG

-

LDRH

-

Technology

HYG

-

LDRH

-

Compare stocks, funds, or ETFs

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iShares iBoxx $ High Yield Corporate Bond ETF

iShares iBonds 1-5 Year High Yield and Income Ladder ETF

Often compared with HYG:
HYG vs. LQDHYG vs. JNKHYG vs. SPHYHYG vs. AGGHYG vs. USHYHYG vs. HYGHHYG vs. SHYG
Often compared with LDRH:
LDRH vs. IBHELDRH vs. HYBLLDRH vs. SPHYLDRH vs. HYSLDRH vs. VGHYLDRH vs. GHYBLDRH vs. IBHG

Return for Risk

HYG vs. LDRH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYG
HYG Risk / Return Rank: 5555
Overall Rank
HYG Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
HYG Sortino Ratio Rank: 5252
Sortino Ratio Rank
HYG Omega Ratio Rank: 5252
Omega Ratio Rank
HYG Calmar Ratio Rank: 5555
Calmar Ratio Rank
HYG Martin Ratio Rank: 6666
Martin Ratio Rank
LDRH
LDRH Risk / Return Rank: 8585
Overall Rank
LDRH Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
LDRH Sortino Ratio Rank: 8787
Sortino Ratio Rank
LDRH Omega Ratio Rank: 8181
Omega Ratio Rank
LDRH Calmar Ratio Rank: 8888
Calmar Ratio Rank
LDRH Martin Ratio Rank: 9191
Martin Ratio Rank
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.

HYG vs. LDRH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH). 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.

HYGLDRHDifference
Sharpe ratioReturn per unit of total volatility
1.72
2.48

-0.76

Sortino ratioReturn per unit of downside risk
2.59
3.99

-1.40

Omega ratioGain probability vs. loss probability

1.33

1.49

-0.16

Calmar ratioReturn relative to maximum drawdown

2.79

5.24

-2.45

Martin ratioReturn relative to average drawdown

12.34

21.81

-9.48

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYG vs. LDRH - Sharpe Ratio Comparison

The current HYG Sharpe Ratio is 1.72, which is lower than the LDRH Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of HYG and LDRH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HYGLDRHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.72

2.48

-0.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

1.69

-1.23

Drawdowns

HYG vs. LDRH - Drawdown Comparison

The maximum HYG drawdown since its inception was -34.25%, which is greater than LDRH's maximum drawdown of -3.17%. Use the drawdown chart below to compare losses from any high point for HYG and LDRH.

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Drawdown Indicators

HYGLDRHDifference

Max Drawdown

Largest peak-to-trough decline

-34.25%

-3.17%

-31.08%

Max Drawdown (1Y)

Largest decline over 1 year

-2.34%

-1.23%

-1.11%

Max Drawdown (3Y)

Largest decline over 3 years

-4.56%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-15.79%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-22.03%

—

—

Current Drawdown

Current decline from peak

-0.28%

-0.20%

-0.08%

Average Drawdown

Average peak-to-trough decline

-3.24%

-0.24%

-3.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.53%

0.30%

+0.23%

Volatility

HYG vs. LDRH - Volatility Comparison

iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a higher volatility of 1.21% compared to iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) at 0.69%. This indicates that HYG's price experiences larger fluctuations and is considered to be riskier than LDRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HYGLDRHDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.21%

0.69%

+0.52%

Volatility (6M)

Calculated over the trailing 6-month period

3.01%

1.97%

+1.04%

Volatility (1Y)

Calculated over the trailing 1-year period

3.81%

2.61%

+1.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.53%

3.52%

+4.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.29%

3.52%

+4.77%

HYG vs. LDRH - Expense Ratio Comparison

HYG has a 0.49% expense ratio, which is higher than LDRH's 0.35% expense ratio.

Dividends

HYG vs. LDRH - Dividend Comparison

HYG's dividend yield for the trailing twelve months is around 5.92%, less than LDRH's 7.00% yield.

PositionTTM20252024202320222021202020192018201720162015
HYG
iShares iBoxx $ High Yield Corporate Bond ETF		5.92%5.71%6.01%5.74%5.30%4.02%4.88%4.99%5.54%5.12%5.27%5.90%
LDRH
iShares iBonds 1-5 Year High Yield and Income Ladder ETF		7.00%6.41%1.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HYG and LDRH have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HYG has higher volatility (1.21%) compared to LDRH (0.69%). In terms of maximum drawdown, HYG dropped -34.25% vs LDRH's -3.17%.

On 1-year performance, HYG leads with 6.51% vs 6.43% for LDRH. On fees, LDRH is cheaper at 0.35% per year. On volatility, LDRH has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, HYG has performed better with a 6.51% return vs 6.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

LDRH is cheaper with a 0.35% expense ratio, compared with 0.49% for HYG.

LDRH has the higher dividend yield at 7.00%, compared with 5.92% for HYG.

HYG tracks Markit iBoxx USD Liquid High Yield Index, while LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. Their fees differ too: 0.49% for HYG and 0.35% for LDRH.

LDRH currently has the higher Sharpe Ratio (2.48 vs 1.72), 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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