IBHE vs. ESHY

Last updated Jun 4, 2026

IBHE (iShares iBonds 2025 Term High Yield & Income ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHE tracks the Bloomberg 2025 Term High Yield and Income Index while ESHY tracks the JPMorgan ESG DM Corporate High Yield USD Index. Both are passively managed. IBHE charges 0.35%/yr vs 0.20%/yr for ESHY.

Performance

IBHE vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.09%
• 1Y: 2.31%
• 3Y*: 6.07%
• 5Y*: 3.89%
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHE vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
IBHE iShares iBonds 2025 Term High Yield & Income ETF	0.00%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

IBHE vs. ESHY - Sectors Allocation Comparison

Sectors	IBHE	ESHY
Real Estate	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

IBHE vs. ESHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBHE

IBHE Risk / Return Rank: 97
IBHE Sharpe Ratio Rank: 93
IBHE Sortino Ratio Rank: 97
IBHE Omega Ratio Rank: 98
IBHE Calmar Ratio Rank: 98
IBHE Martin Ratio Rank: 98

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.

IBHE vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.

	IBHE	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	3.51	—	—
Sortino ratio: Return per unit of downside risk	6.33	—	—
Omega ratio: Gain probability vs. loss probability	2.19	—	—
Calmar ratio: Return relative to maximum drawdown	12.78	—	—
Martin ratio: Return relative to average drawdown	63.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBHE	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.51	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	—	—

Drawdowns

IBHE vs. ESHY - Drawdown Comparison

The maximum IBHE drawdown since its inception was -26.91%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IBHE and ESHY.

Drawdown Indicators

	IBHE	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-26.91%	0.00%	-26.91%
Max Drawdown (1Y) Largest decline over 1 year	-0.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.51%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.42%	0.00%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	—	—

Volatility

Volatility by Period

	IBHE	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.78%	0.00%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.87%	0.00%	+4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.53%	0.00%	+11.53%

IBHE vs. ESHY - Expense Ratio Comparison

IBHE has a 0.35% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

IBHE vs. ESHY - Dividend Comparison

IBHE's dividend yield for the trailing twelve months is around 2.29%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	2.29%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%

Frequently Asked Questions

Which ETF is better, IBHE or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHE or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.35% for IBHE.

Which ETF pays a higher dividend yield, IBHE or ESHY?

IBHE has the higher dividend yield at 2.29%, compared with 0.00% for ESHY.

What is the main difference between IBHE and ESHY?

IBHE tracks Bloomberg 2025 Term High Yield and Income Index, while ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.35% for IBHE and 0.20% for ESHY.