IBHD vs. SEIX

Last updated Aug 6, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and SEIX (Virtus Seix Senior Loan ETF) are both exchange-traded funds - IBHD is a High Yield Bonds fund tracking the Bloomberg 2024 Term High Yield and Income Index, while SEIX is a Bank Loan fund actively managed by Virtus. IBHD is passively managed, while SEIX is actively managed. IBHD charges 0.35%/yr vs 0.57%/yr for SEIX.

Performance

IBHD vs. SEIX - 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 Virtus Seix Senior Loan ETF (SEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

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

SEIX

• 1D: 0.09%
• 1M: 0.83%
• 6M: 3.64%
• YTD: 3.23%
• 1Y: 5.64%
• 3Y*: 7.23%
• 5Y*: 5.83%
• 10Y*: —
• ALL TIME*: 5.37%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SEIX Virtus Seix Senior Loan ETF	$2.33M	$1.71M	$1.79M

IBHD vs. SEIX - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
SEIX Virtus Seix Senior Loan ETF	3.86%

Return for Risk

IBHD vs. SEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

SEIX

SEIX Risk / Return Rank: 96
SEIX Sharpe Ratio Rank: 97
SEIX Sortino Ratio Rank: 97
SEIX Omega Ratio Rank: 97
SEIX Calmar Ratio Rank: 93
SEIX Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IBHD vs. SEIX - 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 Virtus Seix Senior Loan ETF (SEIX). 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	SEIX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.48	—
Sortino ratio: Return per unit of downside risk	—	5.56	—
Omega ratio: Gain probability vs. loss probability	—	1.77	—
Calmar ratio: Return relative to maximum drawdown	—	5.01	—
Martin ratio: Return relative to average drawdown	—	19.89	—

Drawdowns

Drawdown Indicators

	IBHD	SEIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-17.51%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.13%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.69%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.85%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.28%	—

Volatility

Volatility by Period

	IBHD	SEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	1.63%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	2.92%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.29%	—

IBHD vs. SEIX - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is lower than SEIX's 0.57% expense ratio.

Dividends

IBHD vs. SEIX - Dividend Comparison

IBHD has not paid dividends to shareholders, while SEIX's dividend yield for the trailing twelve months is around 7.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
SEIX Virtus Seix Senior Loan ETF	7.14%	7.52%	8.09%	8.74%	5.76%	4.16%	3.75%	3.82%

Frequently Asked Questions

Which ETF is better, IBHD or SEIX?

On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or SEIX?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.57% for SEIX.

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

SEIX has the higher dividend yield at 7.14%, compared with 0.00% for IBHD.

What is the main difference between IBHD and SEIX?

IBHD is categorized as High Yield Bonds, while SEIX is Bank Loan. They also come from different issuers: iShares and Virtus. Their fees differ too: 0.35% for IBHD and 0.57% for SEIX.