IBHF vs. FOXY
IBHF (iShares iBonds 2026 Term High Yield and Income ETF) and FOXY (Simplify Currency Strategy ETF) are both exchange-traded funds - IBHF is a Corporate Bonds fund actively managed by iShares, while FOXY is a Leveraged Currency fund actively managed by Simplify. Both are actively managed. Over the past year, IBHF returned 4.22% vs 21.64% for FOXY. At a correlation of -0.01, they often move in opposite directions. IBHF charges 0.35%/yr vs 0.81%/yr for FOXY.
Performance
IBHF vs. FOXY - Performance Comparison
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Returns By Period
In the year-to-date period, IBHF achieves a 0.58% return, which is significantly lower than FOXY's 12.88% return.
IBHF
- 1D
- 0.04%
- 1M
- -0.10%
- YTD
- 0.58%
- 6M
- 0.69%
- 1Y
- 4.22%
- 3Y*
- 7.37%
- 5Y*
- 3.96%
- 10Y*
- —
FOXY
- 1D
- 1.30%
- 1M
- 1.02%
- YTD
- 12.88%
- 6M
- 11.06%
- 1Y
- 21.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHF vs. FOXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 0.58% | 5.61% |
FOXY Simplify Currency Strategy ETF | 12.88% | 14.71% |
Correlation
The correlation between IBHF and FOXY is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025 | -0.01 |
The correlation between IBHF and FOXY shifts across timeframes, from -0.12 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBHF vs. FOXY — Risk / Return Rank
IBHF
FOXY
IBHF vs. FOXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) and Simplify Currency Strategy ETF (FOXY). 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.
| IBHF | FOXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.40 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.62 | 5.03 | +0.59 |
| Martin ratioReturn relative to average drawdown | 17.94 | 13.61 | +4.33 |
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Drawdowns
IBHF vs. FOXY - Drawdown Comparison
The maximum IBHF drawdown since its inception was -11.19%, smaller than the maximum FOXY drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for IBHF and FOXY.
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Drawdown Indicators
| IBHF | FOXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.19% | -13.09% | +1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.75% | -4.32% | +3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -2.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.19% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.13% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -2.09% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 1.59% | -1.35% |
Volatility
IBHF vs. FOXY - Volatility Comparison
The current volatility for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) is 0.47%, while Simplify Currency Strategy ETF (FOXY) has a volatility of 3.00%. This indicates that IBHF experiences smaller price fluctuations and is considered to be less risky than FOXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHF | FOXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 3.00% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 7.66% | -6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 9.87% | -7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.79% | 14.92% | -9.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.64% | 14.92% | -9.28% |
IBHF vs. FOXY - Expense Ratio Comparison
IBHF has a 0.35% expense ratio, which is lower than FOXY's 0.81% expense ratio.
Dividends
IBHF vs. FOXY - Dividend Comparison
IBHF's dividend yield for the trailing twelve months is around 6.53%, less than FOXY's 8.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FOXY Simplify Currency Strategy ETF | 8.04% | 5.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 6.53% | 6.73% | 7.17% | 7.33% | 6.01% | 4.55% | 0.61% |
Frequently Asked Questions
IBHF and FOXY have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FOXY has higher volatility (3.00%) compared to IBHF (0.47%). In terms of maximum drawdown, IBHF dropped -11.19% vs FOXY's -13.09%.
On 1-year performance, FOXY leads with 21.64% vs 4.22% for IBHF. On fees, IBHF is cheaper at 0.35% per year. On volatility, IBHF has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FOXY has performed better with a 21.64% return vs 4.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHF is cheaper with a 0.35% expense ratio, compared with 0.81% for FOXY.
FOXY has the higher dividend yield at 8.04%, compared with 6.53% for IBHF.
IBHF is categorized as Corporate Bonds, while FOXY is Leveraged Currency. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.35% for IBHF and 0.81% for FOXY.
IBHF currently has the higher Sharpe Ratio (2.22 vs 2.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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