HYXF vs. IBHG
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds from iShares - HYXF tracks the Bloomberg MSCI US High Yield Corporate Choice ESG Screened while IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, HYXF returned 8.56%/yr vs 7.37%/yr for IBHG. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.
Performance
HYXF vs. IBHG - Performance Comparison
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Returns By Period
In the year-to-date period, HYXF achieves a 0.91% return, which is significantly lower than IBHG's 0.96% return.
HYXF
- 1D
- -0.24%
- 1M
- 0.34%
- YTD
- 0.91%
- 6M
- 1.51%
- 1Y
- 5.86%
- 3Y*
- 8.56%
- 5Y*
- 3.66%
- 10Y*
- —
IBHG
- 1D
- -0.09%
- 1M
- 0.21%
- YTD
- 0.96%
- 6M
- 1.46%
- 1Y
- 4.61%
- 3Y*
- 7.37%
- 5Y*
- —
- 10Y*
- —
HYXF vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 0.91% | 8.88% | 8.35% | 11.87% | -11.90% | 0.84% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 0.96% | 6.90% | 7.42% | 11.27% | -8.88% | 1.07% |
Correlation
The correlation between HYXF and IBHG is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.82 |
The correlation between HYXF and IBHG shifts across timeframes, from 0.71 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYXF vs. IBHG — Risk / Return Rank
HYXF
IBHG
HYXF vs. IBHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and iShares iBonds 2027 Term High Yield and Income ETF (IBHG). 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.
| HYXF | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 6.38 | -4.09 |
| Martin ratioReturn relative to average drawdown | 10.32 | 23.30 | -12.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYXF | IBHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.20 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.56 | +0.05 |
Drawdowns
HYXF vs. IBHG - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, which is greater than IBHG's maximum drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for HYXF and IBHG.
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Drawdown Indicators
| HYXF | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -13.85% | -4.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -0.73% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -3.39% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.22% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -2.67% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.20% | +0.37% |
Volatility
HYXF vs. IBHG - Volatility Comparison
iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) has a higher volatility of 1.15% compared to iShares iBonds 2027 Term High Yield and Income ETF (IBHG) at 0.58%. This indicates that HYXF's price experiences larger fluctuations and is considered to be riskier than IBHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYXF | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.58% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 1.53% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 2.11% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 6.37% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.32% | 6.37% | +1.95% |
HYXF vs. IBHG - Expense Ratio Comparison
Both HYXF and IBHG have an expense ratio of 0.35%.
Dividends
HYXF vs. IBHG - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.09%, which matches IBHG's 6.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.09% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.08% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYXF and IBHG have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYXF has higher volatility (1.15%) compared to IBHG (0.58%). In terms of maximum drawdown, HYXF dropped -18.75% vs IBHG's -13.85%.
On 3-year performance, HYXF leads with 8.56% vs 7.37% for IBHG. Both ETFs have the same 0.35% expense ratio. On volatility, IBHG has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HYXF has performed better with a 8.56% return vs 7.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYXF and IBHG have the same expense ratio: 0.35% per year.
HYXF has the higher dividend yield at 6.09%, compared with 6.08% for IBHG.
HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross.
IBHG currently has the higher Sharpe Ratio (2.20 vs 1.56), 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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