IBHF vs. FALN
Compare and contrast key facts about iShares iBonds 2026 Term High Yield and Income ETF (IBHF) and iShares Fallen Angels USD Bond ETF (FALN).
IBHF and FALN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHF is an actively managed fund by iShares. It was launched on Nov 10, 2020. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBHF or FALN.
Key characteristics
| IBHF | FALN | |
|---|---|---|
| YTD Return | 7.67% | 7.81% |
| 1Y Return | 10.50% | 13.42% |
| 3Y Return (Ann) | 3.81% | 1.94% |
| Sharpe Ratio | 3.28 | 2.74 |
| Sortino Ratio | 5.25 | 4.15 |
| Omega Ratio | 1.68 | 1.53 |
| Calmar Ratio | 9.27 | 1.70 |
| Martin Ratio | 35.31 | 18.92 |
| Ulcer Index | 0.30% | 0.69% |
| Daily Std Dev | 3.18% | 4.80% |
| Max Drawdown | -11.19% | -29.22% |
| Current Drawdown | -0.26% | -0.63% |
Correlation
The correlation between IBHF and FALN is 0.82, 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
IBHF vs. FALN - Performance Comparison
The year-to-date returns for both investments are quite close, with IBHF having a 7.67% return and FALN slightly higher at 7.81%. 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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IBHF vs. FALN - Expense Ratio Comparison
IBHF has a 0.35% expense ratio, which is higher than FALN's 0.25% expense ratio.
Risk-Adjusted Performance
IBHF vs. FALN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) and iShares Fallen Angels USD Bond ETF (FALN). 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
IBHF vs. FALN - Dividend Comparison
IBHF's dividend yield for the trailing twelve months is around 7.23%, more than FALN's 6.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 7.23% | 7.33% | 6.01% | 4.55% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% |
FALN iShares Fallen Angels USD Bond ETF | 6.09% | 5.38% | 5.08% | 3.39% | 5.14% | 5.35% | 5.97% | 6.99% | 3.54% |
Drawdowns
IBHF vs. FALN - Drawdown Comparison
The maximum IBHF drawdown since its inception was -11.19%, smaller than the maximum FALN drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for IBHF and FALN. For additional features, visit the drawdowns tool.
Volatility
IBHF vs. FALN - Volatility Comparison
The current volatility for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) is 0.71%, while iShares Fallen Angels USD Bond ETF (FALN) has a volatility of 1.42%. This indicates that IBHF experiences smaller price fluctuations and is considered to be less risky than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.