IBDO vs. USHY
Compare and contrast key facts about iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
IBDO and USHY 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. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. Both IBDO and USHY 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 USHY.
Key characteristics
| IBDO | USHY |
|---|
Correlation
The correlation between IBDO and USHY is 0.12, 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. USHY - 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. USHY - Expense Ratio Comparison
IBDO has a 0.10% expense ratio, which is lower than USHY's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IBDO vs. USHY - 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 Broad USD High Yield Corporate Bond ETF (USHY). 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. USHY - Dividend Comparison
IBDO has not paid dividends to shareholders, while USHY's dividend yield for the trailing twelve months is around 6.24%.
| 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% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.24% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.72% | 0.00% | 0.00% |
Drawdowns
IBDO vs. USHY - Drawdown Comparison
Volatility
IBDO vs. USHY - Volatility Comparison
The current volatility for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) is 0.00%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 1.64%. This indicates that IBDO experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.