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IBHE vs. IBTE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


IBHEIBTE
YTD Return6.65%4.34%
1Y Return9.32%5.34%
3Y Return (Ann)4.34%1.28%
Sharpe Ratio3.639.21
Sortino Ratio6.2322.52
Omega Ratio1.834.81
Calmar Ratio14.552.02
Martin Ratio53.38324.92
Ulcer Index0.18%0.02%
Daily Std Dev2.62%0.58%
Max Drawdown-26.92%-6.78%
Current Drawdown-0.11%0.00%

Correlation

-0.50.00.51.00.2

The correlation between IBHE and IBTE is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

IBHE vs. IBTE - Performance Comparison

In the year-to-date period, IBHE achieves a 6.65% return, which is significantly higher than IBTE's 4.34% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%1.00%2.00%3.00%4.00%JuneJulyAugustSeptemberOctoberNovember
3.40%
2.55%
IBHE
IBTE

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IBHE vs. IBTE - Expense Ratio Comparison

IBHE has a 0.35% expense ratio, which is higher than IBTE's 0.07% expense ratio.


IBHE
iShares iBonds 2025 Term High Yield & Income ETF
Expense ratio chart for IBHE: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
Expense ratio chart for IBTE: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Risk-Adjusted Performance

IBHE vs. IBTE - 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 Dec 2024 Term Treasury ETF (IBTE). 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
Sharpe ratio
The chart of Sharpe ratio for IBHE, currently valued at 3.63, compared to the broader market-2.000.002.004.006.003.63
Sortino ratio
The chart of Sortino ratio for IBHE, currently valued at 6.23, compared to the broader market0.005.0010.006.23
Omega ratio
The chart of Omega ratio for IBHE, currently valued at 1.83, compared to the broader market1.001.502.002.503.001.83
Calmar ratio
The chart of Calmar ratio for IBHE, currently valued at 14.55, compared to the broader market0.005.0010.0015.0014.55
Martin ratio
The chart of Martin ratio for IBHE, currently valued at 53.38, compared to the broader market0.0020.0040.0060.0080.00100.00120.0053.38
IBTE
Sharpe ratio
The chart of Sharpe ratio for IBTE, currently valued at 9.21, compared to the broader market-2.000.002.004.006.009.21
Sortino ratio
The chart of Sortino ratio for IBTE, currently valued at 22.52, compared to the broader market0.005.0010.0022.52
Omega ratio
The chart of Omega ratio for IBTE, currently valued at 4.81, compared to the broader market1.001.502.002.503.004.81
Calmar ratio
The chart of Calmar ratio for IBTE, currently valued at 2.02, compared to the broader market0.005.0010.0015.002.02
Martin ratio
The chart of Martin ratio for IBTE, currently valued at 324.92, compared to the broader market0.0020.0040.0060.0080.00100.00120.00324.92

IBHE vs. IBTE - Sharpe Ratio Comparison

The current IBHE Sharpe Ratio is 3.63, which is lower than the IBTE Sharpe Ratio of 9.21. The chart below compares the historical Sharpe Ratios of IBHE and IBTE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio3.004.005.006.007.008.009.00JuneJulyAugustSeptemberOctoberNovember
3.63
9.21
IBHE
IBTE

Dividends

IBHE vs. IBTE - Dividend Comparison

IBHE's dividend yield for the trailing twelve months is around 7.14%, more than IBTE's 4.74% yield.


TTM20232022202120202019
IBHE
iShares iBonds 2025 Term High Yield & Income ETF
7.14%7.16%5.78%4.84%5.73%3.72%
IBTE
iShares iBonds Dec 2024 Term Treasury ETF
4.74%4.22%2.00%0.46%0.73%0.00%

Drawdowns

IBHE vs. IBTE - Drawdown Comparison

The maximum IBHE drawdown since its inception was -26.92%, which is greater than IBTE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for IBHE and IBTE. For additional features, visit the drawdowns tool.


-0.50%-0.40%-0.30%-0.20%-0.10%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.11%
0
IBHE
IBTE

Volatility

IBHE vs. IBTE - Volatility Comparison

iShares iBonds 2025 Term High Yield & Income ETF (IBHE) has a higher volatility of 0.40% compared to iShares iBonds Dec 2024 Term Treasury ETF (IBTE) at 0.18%. This indicates that IBHE's price experiences larger fluctuations and is considered to be riskier than IBTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.10%0.20%0.30%0.40%0.50%0.60%0.70%JuneJulyAugustSeptemberOctoberNovember
0.40%
0.18%
IBHE
IBTE