IBHD vs. HYZD

Last updated Jun 5, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and HYZD (WisdomTree Interest Rate Hedged High Yield Bond Fund) are both High Yield Bonds funds - IBHD tracks the Bloomberg 2024 Term High Yield and Income Index while HYZD tracks the WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. Both are passively managed. IBHD charges 0.35%/yr vs 0.43%/yr for HYZD.

Performance

IBHD vs. HYZD - 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 WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYZD

• 1D: 0.35%
• 1M: 0.87%
• YTD: 2.88%
• 6M: 3.60%
• 1Y: 7.82%
• 3Y*: 9.46%
• 5Y*: 6.30%
• 10Y*: 5.60%

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

IBHD vs. HYZD - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund	2.22%

Return for Risk

IBHD vs. HYZD — Risk / Return Rank

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

HYZD

HYZD Risk / Return Rank: 83
HYZD Sharpe Ratio Rank: 78
HYZD Sortino Ratio Rank: 88
HYZD Omega Ratio Rank: 85
HYZD Calmar Ratio Rank: 80
HYZD Martin Ratio Rank: 85

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. HYZD - 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 WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD). 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.

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

Sharpe Ratios by Period

	IBHD	HYZD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.48	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.51	—

Drawdowns

IBHD vs. HYZD - Drawdown Comparison

The maximum IBHD drawdown since its inception was 0.00%, smaller than the maximum HYZD drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for IBHD and HYZD.

Drawdown Indicators

	IBHD	HYZD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-25.66%	+25.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.85%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.66%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-2.20%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.45%	—

Volatility

Volatility by Period

	IBHD	HYZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.17%	-3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	6.70%	-6.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	8.57%	-8.57%

IBHD vs. HYZD - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is lower than HYZD's 0.43% expense ratio.

Dividends

IBHD vs. HYZD - Dividend Comparison

IBHD has not paid dividends to shareholders, while HYZD's dividend yield for the trailing twelve months is around 5.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYZD WisdomTree Interest Rate Hedged High Yield Bond Fund	5.87%	6.05%	6.08%	5.94%	5.14%	4.02%	5.13%	5.50%	5.58%	4.94%	5.07%	4.38%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IBHD or HYZD?

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 HYZD?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.43% for HYZD.

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

HYZD has the higher dividend yield at 5.87%, compared with 0.00% for IBHD.

What is the main difference between IBHD and HYZD?

IBHD tracks Bloomberg 2024 Term High Yield and Income Index, while HYZD tracks WisdomTree U.S. High Yield Corporate Bond, Zero Duration Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.35% for IBHD and 0.43% for HYZD.