HYS vs. IBHD

Last updated Jul 14, 2026

HYS (PIMCO 0-5 Year High Yield Corporate Bond Index ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds - HYS tracks the ICE BofA 0-5 Year US High Yield Constrained Index while IBHD tracks the Bloomberg 2024 Term High Yield and Income Index. Both are passively managed. HYS charges 0.56%/yr vs 0.35%/yr for IBHD.

Performance

HYS vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HYS

• 1D: -0.12%
• 1M: -0.00%
• 6M: 1.15%
• YTD: 1.57%
• 1Y: 6.01%
• 3Y*: 8.18%
• 5Y*: 5.01%
• 10Y*: 5.16%

IBHD

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

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

HYS vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF	1.49%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

HYS vs. IBHD — Risk / Return Rank

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

HYS

HYS Risk / Return Rank: 76
HYS Sharpe Ratio Rank: 69
HYS Sortino Ratio Rank: 78
HYS Omega Ratio Rank: 72
HYS Calmar Ratio Rank: 77
HYS Martin Ratio Rank: 83

IBHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HYS vs. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO 0-5 Year High Yield Corporate Bond Index ETF (HYS) 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.

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.

	HYS	IBHD	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.75	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.20	—	—
Martin ratio: Return relative to average drawdown	13.01	—	—

Drawdowns

Drawdown Indicators

	HYS	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-20.91%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.91%	—	—
Current Drawdown Current decline from peak	-0.38%	—	—
Average Drawdown Average peak-to-trough decline	-1.52%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	—	—

Volatility

Volatility by Period

	HYS	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.42%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.79%	—	—

HYS vs. IBHD - Expense Ratio Comparison

HYS has a 0.56% expense ratio, which is higher than IBHD's 0.35% expense ratio.

Dividends

HYS vs. IBHD - Dividend Comparison

HYS's dividend yield for the trailing twelve months is around 7.47%, while IBHD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF	7.47%	7.20%	7.43%	6.44%	5.01%	3.74%	4.52%	4.98%	4.64%	5.01%	5.13%	5.22%
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%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, HYS 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, HYS or IBHD?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.56% for HYS.

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

HYS has the higher dividend yield at 7.47%, compared with 0.00% for IBHD.

What is the main difference between HYS and IBHD?

HYS tracks ICE BofA 0-5 Year US High Yield Constrained Index, while IBHD tracks Bloomberg 2024 Term High Yield and Income Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.56% for HYS and 0.35% for IBHD.