IBHD vs. SHYG

Last updated Jun 24, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and SHYG (iShares 0-5 Year High Yield Corporate Bond ETF) are both High Yield Bonds funds from iShares - IBHD tracks the Bloomberg 2024 Term High Yield and Income Index while SHYG tracks the Markit iBoxx USD Liquid High Yield 0-5 Index. Both are passively managed. IBHD charges 0.35%/yr vs 0.30%/yr for SHYG.

Performance

IBHD vs. SHYG - 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 0-5 Year High Yield Corporate Bond ETF (SHYG). 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*: —

SHYG

• 1D: -0.07%
• 1M: 0.39%
• YTD: 1.72%
• 6M: 1.94%
• 1Y: 6.03%
• 3Y*: 8.27%
• 5Y*: 4.78%
• 10Y*: 5.21%

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

IBHD vs. SHYG - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
SHYG iShares 0-5 Year High Yield Corporate Bond ETF	1.49%

Return for Risk

IBHD vs. SHYG — 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.

SHYG

SHYG Risk / Return Rank: 68
SHYG Sharpe Ratio Rank: 59
SHYG Sortino Ratio Rank: 66
SHYG Omega Ratio Rank: 65
SHYG Calmar Ratio Rank: 71
SHYG Martin Ratio Rank: 79

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. SHYG - 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 0-5 Year High Yield Corporate Bond ETF (SHYG). 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	SHYG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.89	—
Sortino ratio: Return per unit of downside risk	—	2.90	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.46	—
Martin ratio: Return relative to average drawdown	—	14.95	—

Drawdowns

IBHD vs. SHYG - Drawdown Comparison

The maximum IBHD drawdown since its inception was 0.00%, smaller than the maximum SHYG drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for IBHD and SHYG.

Drawdown Indicators

	IBHD	SHYG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-19.26%	+19.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.26%	—
Current Drawdown Current decline from peak	0.00%	-0.16%	+0.16%
Average Drawdown Average peak-to-trough decline	0.00%	-1.44%	+1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.40%	—

Volatility

Volatility by Period

	IBHD	SHYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.20%	-3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	5.74%	-5.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	6.41%	-6.41%

IBHD vs. SHYG - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is higher than SHYG's 0.30% expense ratio.

Dividends

IBHD vs. SHYG - Dividend Comparison

IBHD has not paid dividends to shareholders, while SHYG's dividend yield for the trailing twelve months is around 7.00%.

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%
SHYG iShares 0-5 Year High Yield Corporate Bond ETF	7.00%	7.03%	6.93%	6.54%	5.57%	4.83%	5.07%	5.33%	5.90%	5.49%	5.53%	5.17%

Frequently Asked Questions

Which ETF is better, IBHD or SHYG?

On fees, SHYG is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHD or SHYG?

SHYG is cheaper with a 0.30% expense ratio, compared with 0.35% for IBHD.

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

SHYG has the higher dividend yield at 7.00%, compared with 0.00% for IBHD.

What is the main difference between IBHD and SHYG?

IBHD tracks Bloomberg 2024 Term High Yield and Income Index, while SHYG tracks Markit iBoxx USD Liquid High Yield 0-5 Index. Their fees differ too: 0.35% for IBHD and 0.30% for SHYG.