IBHD vs. SCYB

Last updated Jul 12, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and SCYB (Schwab High Yield Bond ETF) are both High Yield Bonds funds - IBHD tracks the Bloomberg 2024 Term High Yield and Income Index while SCYB tracks the ICE BofA US Cash Pay High Yield Constrained Index. Both are passively managed. IBHD charges 0.35%/yr vs 0.03%/yr for SCYB.

Performance

IBHD vs. SCYB - 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 Schwab High Yield Bond ETF (SCYB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

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

SCYB

• 1D: -0.11%
• 1M: 0.24%
• 6M: 1.53%
• YTD: 2.11%
• 1Y: 6.11%
• 3Y*: 8.49%
• 5Y*: —
• 10Y*: —

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

IBHD vs. SCYB - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
SCYB Schwab High Yield Bond ETF	1.59%

Return for Risk

IBHD vs. SCYB — 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.

SCYB

SCYB Risk / Return Rank: 65
SCYB Sharpe Ratio Rank: 60
SCYB Sortino Ratio Rank: 65
SCYB Omega Ratio Rank: 65
SCYB Calmar Ratio Rank: 61
SCYB Martin Ratio Rank: 74

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. SCYB - 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 Schwab High Yield Bond ETF (SCYB). 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	SCYB	Difference
Sharpe ratio: Return per unit of total volatility	—	1.60	—
Sortino ratio: Return per unit of downside risk	—	2.40	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.45	—
Martin ratio: Return relative to average drawdown	—	10.94	—

Drawdowns

Drawdown Indicators

	IBHD	SCYB	Difference
Max Drawdown Largest peak-to-trough decline	—	-4.92%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.92%	—
Current Drawdown Current decline from peak	—	-0.23%	—
Average Drawdown Average peak-to-trough decline	—	-0.50%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.54%	—

Volatility

Volatility by Period

	IBHD	SCYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.08%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.08%	—

IBHD vs. SCYB - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is higher than SCYB's 0.03% expense ratio.

Dividends

IBHD vs. SCYB - Dividend Comparison

IBHD has not paid dividends to shareholders, while SCYB's dividend yield for the trailing twelve months is around 6.92%.

Position	TTM	2025	2024	2023
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%
SCYB Schwab High Yield Bond ETF	6.92%	6.99%	7.06%	3.36%

Frequently Asked Questions

Which ETF is better, IBHD or SCYB?

On fees, SCYB is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or SCYB?

SCYB is cheaper with a 0.03% expense ratio, compared with 0.35% for IBHD.

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

SCYB has the higher dividend yield at 6.92%, compared with 0.00% for IBHD.

What is the main difference between IBHD and SCYB?

IBHD tracks Bloomberg 2024 Term High Yield and Income Index, while SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.35% for IBHD and 0.03% for SCYB.