HYSD vs. IBHH

Last updated Aug 2, 2026

HYSD (Columbia Short Duration High Yield ETF) and IBHH (iShares iBonds 2028 Term High Yield and Income ETF) are both High Yield Bonds funds. HYSD is actively managed, while IBHH is passively managed. Over the past year, HYSD returned 5.07% vs 5.22% for IBHH. Their 0.76 correlation means they have sometimes moved together and sometimes differently. HYSD charges 0.44%/yr vs 0.35%/yr for IBHH.

Performance

HYSD vs. IBHH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Short Duration High Yield ETF (HYSD) and iShares iBonds 2028 Term High Yield and Income ETF (IBHH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYSD achieves a 1.90% return, which is significantly lower than IBHH's 2.18% return.

HYSD

• 1D: 0.05%
• 1M: -0.32%
• 6M: 1.42%
• YTD: 1.90%
• 1Y: 5.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.56%

IBHH

• 1D: -0.09%
• 1M: 0.08%
• 6M: 1.69%
• YTD: 2.18%
• 1Y: 5.22%
• 3Y*: 8.21%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HYSD Columbia Short Duration High Yield ETF	$178.36K	$174.11K	$125.44K
IBHH iShares iBonds 2028 Term High Yield and Income ETF	$2.03M	$2.31M	$2.52M

HYSD vs. IBHH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HYSD Columbia Short Duration High Yield ETF	1.90%	7.74%	0.94%
IBHH iShares iBonds 2028 Term High Yield and Income ETF	2.18%	8.02%	1.72%

Correlation

The correlation between HYSD and IBHH is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.76

The correlation between HYSD and IBHH has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.

Return for Risk

HYSD vs. IBHH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HYSD

HYSD Risk / Return Rank: 86
HYSD Sharpe Ratio Rank: 80
HYSD Sortino Ratio Rank: 86
HYSD Omega Ratio Rank: 85
HYSD Calmar Ratio Rank: 88
HYSD Martin Ratio Rank: 91

IBHH

IBHH Risk / Return Rank: 88
IBHH Sharpe Ratio Rank: 83
IBHH Sortino Ratio Rank: 86
IBHH Omega Ratio Rank: 84
IBHH Calmar Ratio Rank: 92
IBHH Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HYSD vs. IBHH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Short Duration High Yield ETF (HYSD) and iShares iBonds 2028 Term High Yield and Income ETF (IBHH). 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.

	HYSD	IBHH	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.93	-0.08
Sortino ratio: Return per unit of downside risk	2.89	2.90	-0.01
Omega ratio: Gain probability vs. loss probability	1.37	1.37	+0.01
Calmar ratio: Return relative to maximum drawdown	3.54	4.31	-0.77
Martin ratio: Return relative to average drawdown	15.12	17.21	-2.10

HYSD vs. IBHH - Sharpe Ratio Comparison

The current HYSD Sharpe Ratio is 1.85, which is comparable to the IBHH Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of HYSD and IBHH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HYSD vs. IBHH - Drawdown Comparison

The maximum HYSD drawdown since its inception was -2.69%, smaller than the maximum IBHH drawdown of -12.05%. Use the drawdown chart below to compare losses from any high point for HYSD and IBHH.

Drawdown Indicators

	HYSD	IBHH	Difference
Max Drawdown Largest peak-to-trough decline	-2.69%	-12.05%	+9.36%
Max Drawdown (1Y) Largest decline over 1 year	-1.46%	-1.22%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.66%	—
Current Drawdown Current decline from peak	-0.47%	-0.09%	-0.38%
Average Drawdown Average peak-to-trough decline	-0.25%	-2.22%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	0.31%	+0.03%

Volatility

HYSD vs. IBHH - Volatility Comparison

The current volatility for Columbia Short Duration High Yield ETF (HYSD) is 0.46%, while iShares iBonds 2028 Term High Yield and Income ETF (IBHH) has a volatility of 0.63%. This indicates that HYSD experiences smaller price fluctuations and is considered to be less risky than IBHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYSD	IBHH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	0.63%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	2.23%	2.14%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	2.79%	2.74%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.42%	7.14%	-3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.42%	7.14%	-3.72%

HYSD vs. IBHH - Expense Ratio Comparison

HYSD has a 0.44% expense ratio, which is higher than IBHH's 0.35% expense ratio.

Dividends

HYSD vs. IBHH - Dividend Comparison

HYSD's dividend yield for the trailing twelve months is around 5.84%, less than IBHH's 6.22% yield.

Position	TTM	2025	2024	2023	2022
HYSD Columbia Short Duration High Yield ETF	5.35%	5.60%	1.82%	0.00%	0.00%
IBHH iShares iBonds 2028 Term High Yield and Income ETF	5.68%	6.39%	6.93%	6.65%	5.36%

Frequently Asked Questions

Can I hold both HYSD and IBHH in my portfolio?

HYSD and IBHH have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYSD or IBHH?

IBHH has higher volatility (0.63%) compared to HYSD (0.46%). In terms of maximum drawdown, HYSD dropped -2.69% vs IBHH's -12.05%.

Which ETF is better, HYSD or IBHH?

On 1-year performance, IBHH leads with 5.22% vs 5.07% for HYSD. On fees, IBHH is cheaper at 0.35% per year. On volatility, HYSD has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYSD or IBHH?

Over the 1-year period, IBHH has performed better with a 5.22% return vs 5.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYSD or IBHH?

IBHH is cheaper with a 0.35% expense ratio, compared with 0.44% for HYSD.

Which ETF pays a higher dividend yield, HYSD or IBHH?

IBHH has the higher dividend yield at 5.68%, compared with 5.35% for HYSD.

What is the main difference between HYSD and IBHH?

They also come from different issuers: Columbia and iShares. Their fees differ too: 0.44% for HYSD and 0.35% for IBHH.

Which has better risk-adjusted returns?

IBHH currently has the higher Sharpe Ratio (1.93 vs 1.85), 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.