IBHD vs. FSYD

Last updated Jul 12, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. IBHD is passively managed, while FSYD is actively managed. IBHD charges 0.35%/yr vs 0.55%/yr for FSYD.

Performance

IBHD vs. FSYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Fidelity Sustainable High Yield ETF (FSYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSYD

• 1D: -0.11%
• 1M: -0.01%
• 6M: 2.73%
• YTD: 3.53%
• 1Y: 8.56%
• 3Y*: 9.27%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBHD vs. FSYD - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
FSYD Fidelity Sustainable High Yield ETF	2.53%

Return for Risk

IBHD vs. FSYD — Risk / Return Rank

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

IBHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FSYD

FSYD Risk / Return Rank: 82
FSYD Sharpe Ratio Rank: 81
FSYD Sortino Ratio Rank: 87
FSYD Omega Ratio Rank: 84
FSYD Calmar Ratio Rank: 77
FSYD Martin Ratio Rank: 81

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.

IBHD vs. FSYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and Fidelity Sustainable High Yield ETF (FSYD). 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.

	IBHD	FSYD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.05	—
Sortino ratio: Return per unit of downside risk	—	3.12	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	3.14	—
Martin ratio: Return relative to average drawdown	—	12.54	—

Drawdowns

Drawdown Indicators

	IBHD	FSYD	Difference
Max Drawdown Largest peak-to-trough decline	—	-12.11%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.49%	—
Current Drawdown Current decline from peak	—	-0.25%	—
Average Drawdown Average peak-to-trough decline	—	-2.35%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.67%	—

Volatility

Volatility by Period

	IBHD	FSYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	4.10%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	7.77%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	7.77%	—

IBHD vs. FSYD - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is lower than FSYD's 0.55% expense ratio.

Dividends

IBHD vs. FSYD - Dividend Comparison

IBHD has not paid dividends to shareholders, while FSYD's dividend yield for the trailing twelve months is around 6.39%.

Position	TTM	2025	2024	2023	2022
FSYD Fidelity Sustainable High Yield ETF	6.39%	6.49%	6.47%	6.70%	5.29%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IBHD or FSYD?

On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or FSYD?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.55% for FSYD.

Which ETF pays a higher dividend yield, IBHD or FSYD?

FSYD has the higher dividend yield at 6.39%, compared with 0.00% for IBHD.

What is the main difference between IBHD and FSYD?

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.35% for IBHD and 0.55% for FSYD.