IBHC vs. IBHD
Compare and contrast key facts about iShares iBonds 2023 Term High Yield & Income ETF (IBHC) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
IBHC and IBHD 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. 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 IBHC 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: IBHC or IBHD.
Key characteristics
| IBHC | IBHD |
|---|
Correlation
The correlation between IBHC and IBHD is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IBHC 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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IBHC vs. IBHD - Expense Ratio Comparison
Both IBHC and IBHD have an expense ratio of 0.35%.
Risk-Adjusted Performance
IBHC vs. IBHD - 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 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
IBHC vs. IBHD - Dividend Comparison
IBHC has not paid dividends to shareholders, while IBHD's dividend yield for the trailing twelve months is around 6.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
IBHC iShares iBonds 2023 Term High Yield & Income ETF | 0.41% | 4.16% | 3.02% | 4.27% | 5.51% | 3.68% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.27% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% |
Drawdowns
IBHC vs. IBHD - Drawdown Comparison
Volatility
IBHC vs. IBHD - Volatility Comparison
The current volatility for iShares iBonds 2023 Term High Yield & Income ETF (IBHC) is 0.00%, while iShares iBonds 2024 Term High Yield & Income ETF (IBHD) has a volatility of 0.25%. This indicates that IBHC 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.