PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
IBHD vs. ICSH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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-Term Bond ETF (ICSH). The values are adjusted to include any dividend payments, if applicable.

-0.50%0.00%0.50%1.00%1.50%2.00%2.50%3.00%JuneJulyAugustSeptemberOctoberNovember
2.92%
2.78%
IBHD
ICSH

Returns By Period

In the year-to-date period, IBHD achieves a 5.44% return, which is significantly higher than ICSH's 4.94% return.


IBHD

YTD

5.44%

1M

0.34%

6M

2.94%

1Y

6.39%

5Y (annualized)

4.12%

10Y (annualized)

N/A

ICSH

YTD

4.94%

1M

0.31%

6M

2.81%

1Y

5.76%

5Y (annualized)

2.68%

10Y (annualized)

2.43%

Key characteristics


IBHDICSH
Sharpe Ratio3.9713.41
Sortino Ratio6.1536.60
Omega Ratio2.018.13
Calmar Ratio12.9483.36
Martin Ratio74.76501.98
Ulcer Index0.09%0.01%
Daily Std Dev1.68%0.43%
Max Drawdown-20.11%-3.94%
Current Drawdown0.00%0.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


IBHD vs. ICSH - Expense Ratio Comparison

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


IBHD
iShares iBonds 2024 Term High Yield & Income ETF
Expense ratio chart for IBHD: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for ICSH: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Correlation

-0.50.00.51.00.1

The correlation between IBHD and ICSH is 0.12, 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.

Risk-Adjusted Performance

IBHD vs. ICSH - 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 Ultra Short-Term Bond 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.


Sharpe ratio
The chart of Sharpe ratio for IBHD, currently valued at 3.97, compared to the broader market0.002.004.003.9713.41
The chart of Sortino ratio for IBHD, currently valued at 6.15, compared to the broader market-2.000.002.004.006.008.0010.006.1536.60
The chart of Omega ratio for IBHD, currently valued at 2.01, compared to the broader market0.501.001.502.002.503.002.018.13
The chart of Calmar ratio for IBHD, currently valued at 12.94, compared to the broader market0.005.0010.0015.0012.9483.36
The chart of Martin ratio for IBHD, currently valued at 74.76, compared to the broader market0.0020.0040.0060.0080.00100.0074.76501.98
IBHD
ICSH

The current IBHD Sharpe Ratio is 3.97, which is lower than the ICSH Sharpe Ratio of 13.41. The chart below compares the historical Sharpe Ratios of IBHD and ICSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio2.004.006.008.0010.0012.0014.00JuneJulyAugustSeptemberOctoberNovember
3.97
13.41
IBHD
ICSH

Dividends

IBHD vs. ICSH - Dividend Comparison

IBHD's dividend yield for the trailing twelve months is around 6.26%, more than ICSH's 5.27% yield.


TTM2023202220212020201920182017201620152014
IBHD
iShares iBonds 2024 Term High Yield & Income ETF
6.26%6.90%4.91%4.43%5.50%3.59%0.00%0.00%0.00%0.00%0.00%
ICSH
iShares Ultra Short-Term Bond ETF
5.27%4.78%1.66%0.42%1.22%2.60%2.19%1.36%0.88%0.54%0.46%

Drawdowns

IBHD vs. ICSH - Drawdown Comparison

The maximum IBHD drawdown since its inception was -20.11%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for IBHD and ICSH. For additional features, visit the drawdowns tool.


-0.12%-0.10%-0.08%-0.06%-0.04%-0.02%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.00%
IBHD
ICSH

Volatility

IBHD vs. ICSH - Volatility Comparison

iShares iBonds 2024 Term High Yield & Income ETF (IBHD) has a higher volatility of 0.25% compared to iShares Ultra Short-Term Bond ETF (ICSH) at 0.14%. This indicates that IBHD's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.10%0.15%0.20%0.25%0.30%0.35%JuneJulyAugustSeptemberOctoberNovember
0.25%
0.14%
IBHD
ICSH