IBHC vs. IBDO
Compare and contrast key facts about iShares iBonds 2023 Term High Yield & Income ETF (IBHC) and iShares iBonds Dec 2023 Term Corporate ETF (IBDO).
IBHC and IBDO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHC is a passively managed fund by iShares that tracks the performance of the Bloomberg 2023 Term High Yield and Income Index. It was launched on May 7, 2019. 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. Both IBHC and IBDO 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: IBHC or IBDO.
Key characteristics
| IBHC | IBDO |
|---|
Correlation
The correlation between IBHC and IBDO is 0.18, 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
IBHC vs. IBDO - 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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IBHC vs. IBDO - Expense Ratio Comparison
IBHC has a 0.35% expense ratio, which is higher than IBDO's 0.10% expense ratio.
Risk-Adjusted Performance
IBHC vs. IBDO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2023 Term High Yield & Income ETF (IBHC) and iShares iBonds Dec 2023 Term Corporate ETF (IBDO). 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
IBHC vs. IBDO - Dividend Comparison
Neither IBHC nor IBDO has paid dividends to shareholders.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
IBHC iShares iBonds 2023 Term High Yield & Income ETF | 0.41% | 3.02% | 4.27% | 5.51% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% |
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.44% | 1.85% | 1.80% | 2.47% | 3.01% | 3.10% | 2.91% | 3.01% | 2.39% |
Drawdowns
IBHC vs. IBDO - Drawdown Comparison
Volatility
IBHC vs. IBDO - Volatility Comparison
iShares iBonds 2023 Term High Yield & Income ETF (IBHC) has a higher volatility of 0.67% compared to iShares iBonds Dec 2023 Term Corporate ETF (IBDO) at 0.17%. This indicates that IBHC's price experiences larger fluctuations and is considered to be riskier than IBDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.