IBHE vs. SOXX

Last updated Apr 2, 2026

Compare and contrast key facts about iShares iBonds 2025 Term High Yield & Income ETF (IBHE) and iShares Semiconductor ETF (SOXX).

IBHE and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both IBHE and SOXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBHE vs. SOXX - 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 Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

IBHE vs. SOXX - 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%	5.91%
SOXX iShares Semiconductor ETF	12.48%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	26.50%

Returns By Period

IBHE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.83%
• 1Y: 3.24%
• 3Y*: 6.40%
• 5Y*: 4.09%
• 10Y*: —

SOXX

• 1D: 3.01%
• 1M: -3.78%
• YTD: 12.48%
• 6M: 22.76%
• 1Y: 80.97%
• 3Y*: 32.61%
• 5Y*: 19.19%
• 10Y*: 28.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBHE vs. SOXX - Expense Ratio Comparison

IBHE has a 0.35% expense ratio, which is higher than SOXX's 0.34% expense ratio.

IBHE

iShares iBonds 2025 Term High Yield & Income ETF

SOXX

iShares Semiconductor ETF

Return for Risk

IBHE vs. SOXX — Risk / Return Rank

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

IBHE

IBHE Risk / Return Rank: 98
IBHE Sharpe Ratio Rank: 97
IBHE Sortino Ratio Rank: 98
IBHE Omega Ratio Rank: 98
IBHE Calmar Ratio Rank: 97
IBHE Martin Ratio Rank: 99

SOXX

SOXX Risk / Return Rank: 92
SOXX Sharpe Ratio Rank: 90
SOXX Sortino Ratio Rank: 90
SOXX Omega Ratio Rank: 89
SOXX Calmar Ratio Rank: 96
SOXX Martin Ratio Rank: 95

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. SOXX - 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 Semiconductor ETF (SOXX). 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	SOXX	Difference
Sharpe ratio Return per unit of total volatility	2.90	2.03	+0.87
Sortino ratio Return per unit of downside risk	4.09	2.63	+1.47
Omega ratio Gain probability vs. loss probability	1.96	1.38	+0.59
Calmar ratio Return relative to maximum drawdown	5.38	4.44	+0.94
Martin ratio Return relative to average drawdown	49.80	16.46	+33.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBHE vs. SOXX - Sharpe Ratio Comparison

The current IBHE Sharpe Ratio is 2.90, which is higher than the SOXX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of IBHE and SOXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBHE	SOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	2.03	+0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.54	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.37	+0.04

Correlation

The correlation between IBHE and SOXX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IBHE vs. SOXX - Dividend Comparison

IBHE's dividend yield for the trailing twelve months is around 3.14%, more than SOXX's 0.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBHE iShares iBonds 2025 Term High Yield & Income ETF	3.14%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%	0.00%	0.00%	0.00%	0.00%
SOXX iShares Semiconductor ETF	0.49%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%

Drawdowns

IBHE vs. SOXX - Drawdown Comparison

The maximum IBHE drawdown since its inception was -26.91%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for IBHE and SOXX.

Drawdown Indicators

	IBHE	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-26.91%	-70.21%	+43.30%
Max Drawdown (1Y) Largest decline over 1 year	-0.69%	-18.27%	+17.58%
Max Drawdown (5Y) Largest decline over 5 years	-8.51%	-45.75%	+37.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.75%	—
Current Drawdown Current decline from peak	0.00%	-7.95%	+7.95%
Average Drawdown Average peak-to-trough decline	-1.45%	-20.10%	+18.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	4.92%	-4.84%

Volatility

IBHE vs. SOXX - Volatility Comparison

The current volatility for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) is 0.00%, while iShares Semiconductor ETF (SOXX) has a volatility of 12.83%. This indicates that IBHE experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBHE	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	12.83%	-12.83%
Volatility (6M) Calculated over the trailing 6-month period	0.49%	26.41%	-25.92%
Volatility (1Y) Calculated over the trailing 1-year period	1.33%	40.12%	-38.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.90%	35.48%	-30.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.67%	32.98%	-21.31%