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IBDR vs. IBHF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IBDR vs. IBHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and iShares iBonds 2026 Term High Yield and Income ETF (IBHF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IBDR achieves a 1.65% return, which is significantly higher than IBHF's 0.54% return.


IBDR

1D
0.00%
1M
0.25%
YTD
1.65%
6M
1.86%
1Y
4.30%
3Y*
5.16%
5Y*
1.57%
10Y*

IBHF

1D
-0.09%
1M
-0.14%
YTD
0.54%
6M
0.71%
1Y
4.22%
3Y*
7.36%
5Y*
3.98%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBDR vs. IBHF - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
IBDR
iShares iBonds Dec 2026 Term Corporate ETF
1.65%4.99%4.98%5.96%-8.28%-1.79%1.52%
IBHF
iShares iBonds 2026 Term High Yield and Income ETF
0.54%6.60%8.55%10.40%-6.66%4.43%2.60%

Correlation

The correlation between IBDR and IBHF is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.05

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Nov 12, 2020

0.42

Over the past year, the correlation between IBDR and IBHF has dropped to 0.05 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

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Return for Risk

IBDR vs. IBHF — Risk / Return Rank

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

IBDR
IBDR Risk / Return Rank: 9999
Overall Rank
IBDR Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
IBDR Sortino Ratio Rank: 9999
Sortino Ratio Rank
IBDR Omega Ratio Rank: 9999
Omega Ratio Rank
IBDR Calmar Ratio Rank: 9999
Calmar Ratio Rank
IBDR Martin Ratio Rank: 9999
Martin Ratio Rank

IBHF
IBHF Risk / Return Rank: 8484
Overall Rank
IBHF Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IBHF Sortino Ratio Rank: 8888
Sortino Ratio Rank
IBHF Omega Ratio Rank: 8282
Omega Ratio Rank
IBHF Calmar Ratio Rank: 9191
Calmar Ratio Rank
IBHF Martin Ratio Rank: 8787
Martin Ratio Rank
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.

IBDR vs. IBHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and iShares iBonds 2026 Term High Yield and Income ETF (IBHF). 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.


IBDRIBHFDifference
Sharpe ratioReturn per unit of total volatility

+4.61

Sortino ratioReturn per unit of downside risk

+10.50

Omega ratioGain probability vs. loss probability

3.36

1.47

+1.89

Calmar ratioReturn relative to maximum drawdown

52.23

5.62

+46.61

Martin ratioReturn relative to average drawdown

181.59

18.04

+163.55

IBDR vs. IBHF - Sharpe Ratio Comparison

The current IBDR Sharpe Ratio is 6.83, which is higher than the IBHF Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of IBDR and IBHF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

IBDR vs. IBHF - Drawdown Comparison

The maximum IBDR drawdown since its inception was -16.06%, which is greater than IBHF's maximum drawdown of -11.19%. Use the drawdown chart below to compare losses from any high point for IBDR and IBHF.


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Drawdown Indicators


IBDRIBHFDifference

Max Drawdown

Largest peak-to-trough decline

-16.06%

-11.19%

-4.87%

Max Drawdown (1Y)

Largest decline over 1 year

-0.08%

-0.75%

+0.67%

Max Drawdown (3Y)

Largest decline over 3 years

-1.08%

-2.53%

+1.45%

Max Drawdown (5Y)

Largest decline over 5 years

-13.13%

-11.19%

-1.94%

Current Drawdown

Current decline from peak

0.00%

-0.45%

+0.45%

Average Drawdown

Average peak-to-trough decline

-2.82%

-1.79%

-1.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.02%

0.23%

-0.21%

Volatility

IBDR vs. IBHF - Volatility Comparison

The current volatility for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) is 0.18%, while iShares iBonds 2026 Term High Yield and Income ETF (IBHF) has a volatility of 0.47%. This indicates that IBDR experiences smaller price fluctuations and is considered to be less risky than IBHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


IBDRIBHFDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.18%

0.47%

-0.29%

Volatility (6M)

Calculated over the trailing 6-month period

0.35%

1.22%

-0.87%

Volatility (1Y)

Calculated over the trailing 1-year period

0.63%

1.91%

-1.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.39%

5.79%

-2.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.85%

5.64%

-0.79%

IBDR vs. IBHF - Expense Ratio Comparison

IBDR has a 0.10% expense ratio, which is lower than IBHF's 0.35% expense ratio.


Dividends

IBDR vs. IBHF - Dividend Comparison

IBDR's dividend yield for the trailing twelve months is around 4.13%, less than IBHF's 6.53% yield.


PositionTTM2025202420232022202120202019201820172016
IBDR
iShares iBonds Dec 2026 Term Corporate ETF
4.13%4.20%4.13%3.41%2.44%2.11%2.61%3.25%3.56%3.22%0.86%
IBHF
iShares iBonds 2026 Term High Yield and Income ETF
6.53%6.73%7.17%7.33%6.01%4.55%0.61%0.00%0.00%0.00%0.00%

Frequently Asked Questions


IBDR and IBHF have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IBHF has higher volatility (0.47%) compared to IBDR (0.18%). In terms of maximum drawdown, IBDR dropped -16.06% vs IBHF's -11.19%.

On 5-year performance, IBHF leads with 3.98% vs 1.57% for IBDR. On fees, IBDR is cheaper at 0.10% per year. On volatility, IBDR has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IBHF has performed better with a 3.98% return vs 1.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IBDR is cheaper with a 0.10% expense ratio, compared with 0.35% for IBHF.

IBHF has the higher dividend yield at 6.53%, compared with 4.13% for IBDR.

Their fees differ too: 0.10% for IBDR and 0.35% for IBHF.

IBDR currently has the higher Sharpe Ratio (6.83 vs 2.22), 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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