IBHE vs. HYLB
IBHE (iShares iBonds 2025 Term High Yield & Income ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHE tracks the Bloomberg 2025 Term High Yield and Income Index while HYLB tracks the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. IBHE charges 0.35%/yr vs 0.15%/yr for HYLB.
Performance
IBHE vs. HYLB - Performance Comparison
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Returns By Period
IBHE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYLB
- 1D
- 0.03%
- 1M
- 0.23%
- 6M
- 1.60%
- YTD
- 2.13%
- 1Y
- 6.05%
- 3Y*
- 8.41%
- 5Y*
- 3.99%
- 10Y*
- —
IBHE vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 4.40% | 4.16% | 5.49% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 2.13% | 8.74% | 8.14% | 12.03% | -10.80% | 3.94% | 5.04% | 5.52% |
Correlation
The correlation between IBHE and HYLB is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.74 |
The correlation between IBHE and HYLB shifts across timeframes, from -0.02 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBHE vs. HYLB — Risk / Return Rank
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYLB
IBHE vs. HYLB - 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 USD High Yield Corporate Bond ETF (HYLB). 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.
| IBHE | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.67 | — |
| Martin ratioReturn relative to average drawdown | — | 11.49 | — |
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Drawdowns
IBHE vs. HYLB - Drawdown Comparison
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Drawdown Indicators
| IBHE | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -22.91% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.27% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | — | -0.05% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.41% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.53% | — |
Volatility
IBHE vs. HYLB - Volatility Comparison
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Volatility by Period
| IBHE | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.04% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 3.72% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 7.48% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 8.14% | — |
IBHE vs. HYLB - Expense Ratio Comparison
IBHE has a 0.35% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
IBHE vs. HYLB - Dividend Comparison
IBHE has not paid dividends to shareholders, while HYLB's dividend yield for the trailing twelve months is around 6.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.50% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 1.87% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHE and HYLB have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HYLB is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.35% for IBHE.
HYLB has the higher dividend yield at 6.50%, compared with 1.87% for IBHE.
IBHE tracks Bloomberg 2025 Term High Yield and Income Index, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: iShares and DWS. Their fees differ too: 0.35% for IBHE and 0.15% for HYLB.
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