IBHE vs. IBHD
Compare and contrast key facts about iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
IBHE and IBHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHE is a passively managed fund by iShares that tracks the performance of the Bloomberg 2025 Term High Yield and Income Index. It was launched on May 7, 2019. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019. Both IBHE and IBHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBHE or IBHD.
Key characteristics
| IBHE | IBHD | |
|---|---|---|
| YTD Return | 6.54% | 5.24% |
| 1Y Return | 9.30% | 6.79% |
| 3Y Return (Ann) | 4.30% | 4.11% |
| 5Y Return (Ann) | 4.59% | 4.04% |
| Sharpe Ratio | 3.51 | 4.16 |
| Sortino Ratio | 6.02 | 6.52 |
| Omega Ratio | 1.79 | 2.07 |
| Calmar Ratio | 14.08 | 13.81 |
| Martin Ratio | 51.52 | 79.28 |
| Ulcer Index | 0.18% | 0.09% |
| Daily Std Dev | 2.62% | 1.71% |
| Max Drawdown | -26.92% | -20.11% |
| Current Drawdown | -0.22% | -0.02% |
Correlation
The correlation between IBHE and IBHD is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IBHE vs. IBHD - Performance Comparison
In the year-to-date period, IBHE achieves a 6.54% return, which is significantly higher than IBHD's 5.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBHE vs. IBHD - Expense Ratio Comparison
Both IBHE and IBHD have an expense ratio of 0.35%.
Risk-Adjusted Performance
IBHE vs. IBHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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.
Dividends
IBHE vs. IBHD - Dividend Comparison
IBHE's dividend yield for the trailing twelve months is around 7.15%, more than IBHD's 6.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 7.15% | 7.16% | 5.78% | 4.84% | 5.73% | 3.72% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.27% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% |
Drawdowns
IBHE vs. IBHD - Drawdown Comparison
The maximum IBHE drawdown since its inception was -26.92%, which is greater than IBHD's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for IBHE and IBHD. For additional features, visit the drawdowns tool.
Volatility
IBHE vs. IBHD - Volatility Comparison
iShares iBonds 2025 Term High Yield & Income ETF (IBHE) has a higher volatility of 0.42% compared to iShares iBonds 2024 Term High Yield & Income ETF (IBHD) at 0.24%. This indicates that IBHE's price experiences larger fluctuations and is considered to be riskier than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.