IBHD vs. IBIT

Last updated Jun 5, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - IBHD is a High Yield Bonds fund tracking the Bloomberg 2024 Term High Yield and Income Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. IBHD charges 0.35%/yr vs 0.25%/yr for IBIT.

Performance

IBHD vs. IBIT - 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 iShares Bitcoin Trust ETF (IBIT). 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*: —

IBIT

• 1D: -2.65%
• 1M: -22.17%
• YTD: -27.45%
• 6M: -31.40%
• 1Y: -39.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHD vs. IBIT - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
IBIT iShares Bitcoin Trust ETF	-9.22%

Return for Risk

IBHD vs. IBIT — Risk / Return Rank

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

IBIT

IBIT Risk / Return Rank: 2
IBIT Sharpe Ratio Rank: 2
IBIT Sortino Ratio Rank: 2
IBIT Omega Ratio Rank: 2
IBIT Calmar Ratio Rank: 2
IBIT Martin Ratio Rank: 2

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. IBIT - 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 iShares Bitcoin Trust ETF (IBIT). 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	IBIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.27	—

Drawdowns

IBHD vs. IBIT - Drawdown Comparison

The maximum IBHD drawdown since its inception was 0.00%, smaller than the maximum IBIT drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for IBHD and IBIT.

Drawdown Indicators

	IBHD	IBIT	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-49.47%	+49.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-49.47%	—
Current Drawdown Current decline from peak	0.00%	-49.47%	+49.47%
Average Drawdown Average peak-to-trough decline	0.00%	-16.07%	+16.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.61%	—

Volatility

Volatility by Period

	IBHD	IBIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	43.76%	-43.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	50.18%	-50.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	50.18%	-50.18%

IBHD vs. IBIT - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is higher than IBIT's 0.25% expense ratio.

Dividends

IBHD vs. IBIT - Dividend Comparison

Neither IBHD nor IBIT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, IBHD or IBIT?

On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or IBIT?

IBIT is cheaper with a 0.25% expense ratio, compared with 0.35% for IBHD.

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

IBHD and IBIT have nearly identical dividend yields, around 0.00%.

What is the main difference between IBHD and IBIT?

IBHD is categorized as High Yield Bonds, while IBIT is Cryptocurrency. IBHD tracks Bloomberg 2024 Term High Yield and Income Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.35% for IBHD and 0.25% for IBIT.