IBHD vs. IBDO
Compare and contrast key facts about iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and iShares iBonds Dec 2023 Term Corporate ETF (IBDO).
IBHD and IBDO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 IBHD 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: IBHD or IBDO.
Key characteristics
| IBHD | IBDO |
|---|
Correlation
The correlation between IBHD and IBDO is 0.17, 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
IBHD 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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IBHD vs. IBDO - Expense Ratio Comparison
IBHD has a 0.35% expense ratio, which is higher than IBDO's 0.10% expense ratio.
Risk-Adjusted Performance
IBHD vs. IBDO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) 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
IBHD vs. IBDO - Dividend Comparison
IBHD's dividend yield for the trailing twelve months is around 6.27%, while IBDO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.27% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% |
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.44% | 3.61% | 1.85% | 1.80% | 2.47% | 3.01% | 3.10% | 2.91% | 3.01% | 2.39% |
Drawdowns
IBHD vs. IBDO - Drawdown Comparison
Volatility
IBHD vs. IBDO - Volatility Comparison
iShares iBonds 2024 Term High Yield & Income ETF (IBHD) has a higher volatility of 0.24% compared to iShares iBonds Dec 2023 Term Corporate ETF (IBDO) at 0.00%. This indicates that IBHD'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.