IBHD vs. ICSH

Last updated Jun 23, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and ICSH (iShares Ultra Short Duration Bond Active ETF) are both exchange-traded funds - IBHD is a High Yield Bonds fund tracking the Bloomberg 2024 Term High Yield and Income Index, while ICSH is a Ultrashort Bond fund actively managed by iShares. IBHD is passively managed, while ICSH is actively managed. IBHD charges 0.35%/yr vs 0.08%/yr for ICSH.

Performance

IBHD vs. ICSH - 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 Ultra Short Duration Bond Active ETF (ICSH). 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*: —

ICSH

• 1D: -0.04%
• 1M: 0.20%
• YTD: 1.51%
• 6M: 1.67%
• 1Y: 4.20%
• 3Y*: 5.09%
• 5Y*: 3.69%
• 10Y*: 2.77%

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

IBHD vs. ICSH - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
ICSH iShares Ultra Short Duration Bond Active ETF	1.12%

Return for Risk

IBHD vs. ICSH — 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.

ICSH

ICSH Risk / Return Rank: 99
ICSH Sharpe Ratio Rank: 99
ICSH Sortino Ratio Rank: 99
ICSH Omega Ratio Rank: 99
ICSH Calmar Ratio Rank: 99
ICSH Martin Ratio Rank: 99

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. ICSH - 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 Ultra Short Duration Bond Active ETF (ICSH). 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	ICSH	Difference
Sharpe ratio: Return per unit of total volatility	—	10.20	—
Sortino ratio: Return per unit of downside risk	—	22.59	—
Omega ratio: Gain probability vs. loss probability	—	5.64	—
Calmar ratio: Return relative to maximum drawdown	—	42.62	—
Martin ratio: Return relative to average drawdown	—	244.74	—

Drawdowns

IBHD vs. ICSH - Drawdown Comparison

The maximum IBHD drawdown since its inception was 0.00%, smaller than the maximum ICSH drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for IBHD and ICSH.

Drawdown Indicators

	IBHD	ICSH	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-3.94%	+3.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-3.94%	—
Current Drawdown Current decline from peak	0.00%	-0.09%	+0.09%
Average Drawdown Average peak-to-trough decline	0.00%	-0.08%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.02%	—

Volatility

Volatility by Period

	IBHD	ICSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	0.41%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	0.49%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	1.06%	-1.06%

IBHD vs. ICSH - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is higher than ICSH's 0.08% expense ratio.

Dividends

IBHD vs. ICSH - Dividend Comparison

IBHD has not paid dividends to shareholders, while ICSH's dividend yield for the trailing twelve months is around 4.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
ICSH iShares Ultra Short Duration Bond Active ETF	4.34%	4.55%	5.24%	4.78%	1.66%	0.42%	1.21%	2.61%	2.20%	1.36%	0.88%	0.54%

Frequently Asked Questions

Which ETF is better, IBHD or ICSH?

On fees, ICSH is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or ICSH?

ICSH is cheaper with a 0.08% expense ratio, compared with 0.35% for IBHD.

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

ICSH has the higher dividend yield at 4.34%, compared with 0.00% for IBHD.

What is the main difference between IBHD and ICSH?

IBHD is categorized as High Yield Bonds, while ICSH is Ultrashort Bond. Their fees differ too: 0.35% for IBHD and 0.08% for ICSH.