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IBHE vs. IBHG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IBHE vs. IBHG - 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 iShares iBonds 2027 Term High Yield and Income ETF (IBHG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period


IBHE

1D
1M
6M
YTD
1Y
3Y*
5Y*
10Y*

IBHG

1D
-0.02%
1M
0.43%
6M
1.51%
YTD
1.58%
1Y
4.37%
3Y*
7.05%
5Y*
3.68%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBHE vs. IBHG - Yearly Performance Comparison


2026 (YTD)20252024202320222021
IBHE
iShares iBonds 2025 Term High Yield & Income ETF
0.00%4.45%7.62%10.32%-4.08%1.15%
IBHG
iShares iBonds 2027 Term High Yield and Income ETF
1.58%6.90%7.42%11.27%-8.88%0.93%

Correlation

The correlation between IBHE and IBHG 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

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Jul 9, 2021

0.63

The correlation between IBHE and IBHG shifts across timeframes, from -0.02 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

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Return for Risk

IBHE vs. IBHG — Risk / Return Rank

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

IBHE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.


IBHG
IBHG Risk / Return Rank: 9090
Overall Rank
IBHG Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
IBHG Sortino Ratio Rank: 9090
Sortino Ratio Rank
IBHG Omega Ratio Rank: 8686
Omega Ratio Rank
IBHG Calmar Ratio Rank: 9595
Calmar Ratio Rank
IBHG Martin Ratio Rank: 9595
Martin Ratio Rank
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. IBHG - 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 iShares iBonds 2027 Term High Yield and Income ETF (IBHG). 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.


IBHEIBHGDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

1.42

Calmar ratioReturn relative to maximum drawdown

6.04

Martin ratioReturn relative to average drawdown

22.15

IBHE vs. IBHG - Sharpe Ratio Comparison


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Drawdowns

IBHE vs. IBHG - Drawdown Comparison


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Drawdown Indicators


IBHEIBHGDifference

Max Drawdown

Largest peak-to-trough decline

-13.85%

Max Drawdown (1Y)

Largest decline over 1 year

-0.73%

Max Drawdown (3Y)

Largest decline over 3 years

-3.39%

Max Drawdown (5Y)

Largest decline over 5 years

-13.85%

Current Drawdown

Current decline from peak

-0.02%

Average Drawdown

Average peak-to-trough decline

-2.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.20%

Volatility

IBHE vs. IBHG - Volatility Comparison


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Volatility by Period


IBHEIBHGDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.40%

Volatility (6M)

Calculated over the trailing 6-month period

1.51%

Volatility (1Y)

Calculated over the trailing 1-year period

2.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.29%

IBHE vs. IBHG - Expense Ratio Comparison

Both IBHE and IBHG have an expense ratio of 0.35%.


Dividends

IBHE vs. IBHG - Dividend Comparison

IBHE has not paid dividends to shareholders, while IBHG's dividend yield for the trailing twelve months is around 6.03%.


PositionTTM2025202420232022202120202019
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%
IBHG
iShares iBonds 2027 Term High Yield and Income ETF
6.03%6.33%7.02%6.66%5.62%2.13%0.00%0.00%

Frequently Asked Questions


IBHE and IBHG 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.

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IBHE and IBHG have the same expense ratio: 0.35% per year.

IBHG has the higher dividend yield at 6.03%, compared with 1.87% for IBHE.

IBHE tracks Bloomberg 2025 Term High Yield and Income Index, while IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross.

Portfolio Optimizer

Find the right allocation for IBHE and IBHG

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