IBDO vs. IBHD
Compare and contrast key facts about iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
IBDO and IBHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDO is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2023 Maturity Corporate Index. It was launched on Mar 12, 2015. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. Both IBDO and IBHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBDO or IBHD.
Key characteristics
| IBDO | IBHD |
|---|
Correlation
The correlation between IBDO and IBHD is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IBDO vs. IBHD - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBDO vs. IBHD - Expense Ratio Comparison
IBDO has a 0.10% expense ratio, which is lower than IBHD's 0.35% expense ratio.
Risk-Adjusted Performance
IBDO vs. IBHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) 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.
Dividends
IBDO vs. IBHD - Dividend Comparison
IBDO has not paid dividends to shareholders, while IBHD's dividend yield for the trailing twelve months is around 6.79%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 2.60% | 3.61% | 1.85% | 1.80% | 2.47% | 3.01% | 3.10% | 2.91% | 3.01% | 2.39% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.79% | 6.90% | 4.90% | 4.43% | 5.49% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IBDO vs. IBHD - Drawdown Comparison
Volatility
IBDO vs. IBHD - Volatility Comparison
The current volatility for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) is 0.00%, while iShares iBonds 2024 Term High Yield & Income ETF (IBHD) has a volatility of 0.36%. This indicates that IBDO experiences smaller price fluctuations and is considered to be less risky than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.