HYGV vs. IBHD

Last updated Jun 4, 2026

HYGV (FlexShares High Yield Value-Scored US Bond Index Fund) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds - HYGV tracks the Northern Trust High Yield Value-Scored US Corporate Bond Index while IBHD tracks the Bloomberg 2024 Term High Yield and Income Index. Both are passively managed. HYGV charges 0.37%/yr vs 0.35%/yr for IBHD.

Performance

HYGV vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYGV

• 1D: -0.24%
• 1M: 0.33%
• YTD: 1.42%
• 6M: 1.66%
• 1Y: 6.94%
• 3Y*: 8.38%
• 5Y*: 3.49%
• 10Y*: —

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYGV vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
HYGV FlexShares High Yield Value-Scored US Bond Index Fund	0.58%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

HYGV vs. IBHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYGV

HYGV Risk / Return Rank: 56
HYGV Sharpe Ratio Rank: 52
HYGV Sortino Ratio Rank: 58
HYGV Omega Ratio Rank: 56
HYGV Calmar Ratio Rank: 52
HYGV Martin Ratio Rank: 62

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.

HYGV vs. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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.

	HYGV	IBHD	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.79	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.60	—	—
Martin ratio: Return relative to average drawdown	11.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HYGV	IBHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	—	—

Drawdowns

HYGV vs. IBHD - Drawdown Comparison

The maximum HYGV drawdown since its inception was -23.47%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for HYGV and IBHD.

Drawdown Indicators

	HYGV	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-23.47%	0.00%	-23.47%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.12%	—	—
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-3.32%	0.00%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	—	—

Volatility

Volatility by Period

	HYGV	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	0.00%	+3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.59%	0.00%	+7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.20%	0.00%	+9.20%

HYGV vs. IBHD - Expense Ratio Comparison

HYGV has a 0.37% expense ratio, which is higher than IBHD's 0.35% expense ratio.

Dividends

HYGV vs. IBHD - Dividend Comparison

HYGV's dividend yield for the trailing twelve months is around 7.41%, while IBHD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HYGV FlexShares High Yield Value-Scored US Bond Index Fund	7.41%	7.48%	8.20%	8.77%	7.64%	6.07%	6.18%	7.95%	5.63%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HYGV or IBHD?

On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HYGV or IBHD?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.37% for HYGV.

Which ETF pays a higher dividend yield, HYGV or IBHD?

HYGV has the higher dividend yield at 7.41%, compared with 0.00% for IBHD.

What is the main difference between HYGV and IBHD?

HYGV tracks Northern Trust High Yield Value-Scored US Corporate Bond Index, while IBHD tracks Bloomberg 2024 Term High Yield and Income Index. They also come from different issuers: Northern Trust and iShares. Their fees differ too: 0.37% for HYGV and 0.35% for IBHD.