IBDU vs. HYGH
IBDU (iShares iBonds Dec 2029 Term Corporate ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both exchange-traded funds - IBDU is a Corporate Bonds fund tracking the Bloomberg December 2029 Maturity Corporate Index, while HYGH is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Interest Hedged Index. Both are passively managed. Over the past 5 years, IBDU returned 1.13%/yr vs 6.91%/yr for HYGH. At a 0.13 correlation, their price movements are largely independent. IBDU charges 0.10%/yr vs 0.52%/yr for HYGH.
Performance
IBDU vs. HYGH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBDU achieves a 0.63% return, which is significantly lower than HYGH's 3.33% return.
IBDU
- 1D
- 0.09%
- 1M
- 0.29%
- YTD
- 0.63%
- 6M
- 0.86%
- 1Y
- 4.22%
- 3Y*
- 5.83%
- 5Y*
- 1.13%
- 10Y*
- —
HYGH
- 1D
- -0.03%
- 1M
- 0.56%
- YTD
- 3.33%
- 6M
- 3.56%
- 1Y
- 7.74%
- 3Y*
- 9.87%
- 5Y*
- 6.91%
- 10Y*
- 6.48%
IBDU vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 0.63% | 7.59% | 3.62% | 8.67% | -13.04% | -2.05% | 10.38% | 2.35% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.33% | 6.94% | 11.22% | 12.17% | -0.92% | 5.82% | 0.54% | 2.47% |
Correlation
The correlation between IBDU and HYGH is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBDU vs. HYGH — Risk / Return Rank
IBDU
HYGH
IBDU vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Corporate ETF (IBDU) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
| IBDU | HYGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 4.80 | -2.12 |
| Martin ratioReturn relative to average drawdown | 9.79 | 18.77 | -8.97 |
Loading charts...
Drawdowns
IBDU vs. HYGH - Drawdown Comparison
The maximum IBDU drawdown since its inception was -19.44%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for IBDU and HYGH.
Loading charts...
Drawdown Indicators
| IBDU | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -23.88% | +4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -1.62% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.14% | -8.06% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -8.24% | -11.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.88% | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.08% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -2.22% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.41% | +0.02% |
Volatility
IBDU vs. HYGH - Volatility Comparison
iShares iBonds Dec 2029 Term Corporate ETF (IBDU) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH) have volatilities of 0.65% and 0.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBDU | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.63% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 2.81% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.22% | 3.64% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 7.08% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.29% | 8.30% | -1.01% |
IBDU vs. HYGH - Expense Ratio Comparison
IBDU has a 0.10% expense ratio, which is lower than HYGH's 0.52% expense ratio.
Dividends
IBDU vs. HYGH - Dividend Comparison
IBDU's dividend yield for the trailing twelve months is around 4.66%, less than HYGH's 6.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.60% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 4.66% | 4.67% | 4.75% | 4.21% | 3.34% | 2.29% | 2.42% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBDU and HYGH have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDU has higher volatility (0.65%) compared to HYGH (0.63%). In terms of maximum drawdown, IBDU dropped -19.44% vs HYGH's -23.88%.
On 5-year performance, HYGH leads with 6.91% vs 1.13% for IBDU. On fees, IBDU is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYGH has performed better with a 6.91% return vs 1.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDU is cheaper with a 0.10% expense ratio, compared with 0.52% for HYGH.
HYGH has the higher dividend yield at 6.60%, compared with 4.66% for IBDU.
IBDU is categorized as Corporate Bonds, while HYGH is High Yield Bonds. IBDU tracks Bloomberg December 2029 Maturity Corporate Index, while HYGH tracks Markit iBoxx USD Liquid High Yield Interest Hedged Index. Their fees differ too: 0.10% for IBDU and 0.52% for HYGH.
HYGH currently has the higher Sharpe Ratio (2.14 vs 1.92), 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.
Find the right allocation for IBDU and HYGH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer