IBHE vs. ICSH
Compare and contrast key facts about iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and iShares Ultra Short-Term Bond ETF (ICSH).
IBHE and ICSH 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. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBHE or ICSH.
Key characteristics
| IBHE | ICSH | |
|---|---|---|
| YTD Return | 6.63% | 4.80% |
| 1Y Return | 8.68% | 5.93% |
| 3Y Return (Ann) | 4.21% | 3.76% |
| 5Y Return (Ann) | 4.63% | 2.67% |
| Sharpe Ratio | 3.34 | 13.61 |
| Sortino Ratio | 5.45 | 37.41 |
| Omega Ratio | 1.76 | 8.59 |
| Calmar Ratio | 12.55 | 85.48 |
| Martin Ratio | 48.45 | 541.28 |
| Ulcer Index | 0.19% | 0.01% |
| Daily Std Dev | 2.78% | 0.44% |
| Max Drawdown | -26.92% | -3.94% |
| Current Drawdown | 0.00% | -0.01% |
Correlation
The correlation between IBHE and ICSH is 0.17, 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. ICSH - Performance Comparison
In the year-to-date period, IBHE achieves a 6.63% return, which is significantly higher than ICSH's 4.80% 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. ICSH - Expense Ratio Comparison
IBHE has a 0.35% expense ratio, which is higher than ICSH's 0.08% expense ratio.
Risk-Adjusted Performance
IBHE vs. ICSH - 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 Ultra Short-Term Bond ETF (ICSH). 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. ICSH - Dividend Comparison
IBHE's dividend yield for the trailing twelve months is around 7.14%, more than ICSH's 5.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 7.14% | 7.16% | 5.78% | 4.84% | 5.73% | 3.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICSH iShares Ultra Short-Term Bond ETF | 5.27% | 4.78% | 1.66% | 0.42% | 1.22% | 2.60% | 2.19% | 1.36% | 0.88% | 0.54% | 0.46% |
Drawdowns
IBHE vs. ICSH - Drawdown Comparison
The maximum IBHE drawdown since its inception was -26.92%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for IBHE and ICSH. For additional features, visit the drawdowns tool.
Volatility
IBHE vs. ICSH - Volatility Comparison
iShares iBonds 2025 Term High Yield & Income ETF (IBHE) has a higher volatility of 0.36% compared to iShares Ultra Short-Term Bond ETF (ICSH) at 0.12%. This indicates that IBHE's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.