IBHF vs. IBHI

Last updated Apr 2, 2026

Compare and contrast key facts about iShares iBonds 2026 Term High Yield and Income ETF (IBHF) and iShares iBonds 2029 Term High Yield and Income ETF (IBHI).

IBHF and IBHI 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. IBHI is a passively managed fund by iShares that tracks the performance of the Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross. It was launched on Mar 8, 2022.

Performance

IBHF vs. IBHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2026 Term High Yield and Income ETF (IBHF) and iShares iBonds 2029 Term High Yield and Income ETF (IBHI). The values are adjusted to include any dividend payments, if applicable.

IBHF vs. IBHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IBHF iShares iBonds 2026 Term High Yield and Income ETF	0.41%	6.60%	8.55%	10.40%	-2.63%
IBHI iShares iBonds 2029 Term High Yield and Income ETF	-0.24%	7.88%	8.33%	14.21%	-8.52%

Returns By Period

In the year-to-date period, IBHF achieves a 0.41% return, which is significantly higher than IBHI's -0.24% return.

IBHF

• 1D: -0.02%
• 1M: -0.24%
• YTD: 0.41%
• 6M: 1.31%
• 1Y: 5.49%
• 3Y*: 7.53%
• 5Y*: 4.29%
• 10Y*: —

IBHI

• 1D: 0.13%
• 1M: -0.20%
• YTD: -0.24%
• 6M: 0.93%
• 1Y: 7.11%
• 3Y*: 8.32%
• 5Y*: —
• 10Y*: —

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

IBHF vs. IBHI - Expense Ratio Comparison

Both IBHF and IBHI have an expense ratio of 0.35%.

IBHF

iShares iBonds 2026 Term High Yield and Income ETF

IBHI

iShares iBonds 2029 Term High Yield and Income ETF

Return for Risk

IBHF vs. IBHI — Risk / Return Rank

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

IBHF

IBHF Risk / Return Rank: 89
IBHF Sharpe Ratio Rank: 87
IBHF Sortino Ratio Rank: 91
IBHF Omega Ratio Rank: 95
IBHF Calmar Ratio Rank: 80
IBHF Martin Ratio Rank: 95

IBHI

IBHI Risk / Return Rank: 68
IBHI Sharpe Ratio Rank: 66
IBHI Sortino Ratio Rank: 66
IBHI Omega Ratio Rank: 70
IBHI Calmar Ratio Rank: 61
IBHI Martin Ratio Rank: 79

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.

IBHF vs. IBHI - 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 iShares iBonds 2029 Term High Yield and Income ETF (IBHI). 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.

	IBHF	IBHI	Difference
Sharpe ratio Return per unit of total volatility	1.87	1.22	+0.65
Sortino ratio Return per unit of downside risk	2.75	1.74	+1.01
Omega ratio Gain probability vs. loss probability	1.46	1.27	+0.19
Calmar ratio Return relative to maximum drawdown	2.32	1.66	+0.66
Martin ratio Return relative to average drawdown	15.50	9.17	+6.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBHF vs. IBHI - Sharpe Ratio Comparison

The current IBHF Sharpe Ratio is 1.87, which is higher than the IBHI Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of IBHF and IBHI, 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

	IBHF	IBHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	1.22	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.62	+0.23

Correlation

The correlation between IBHF and IBHI is 0.74, 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.

Dividends

IBHF vs. IBHI - Dividend Comparison

IBHF's dividend yield for the trailing twelve months is around 6.65%, less than IBHI's 6.88% yield.

	TTM	2025	2024	2023	2022	2021	2020
IBHF iShares iBonds 2026 Term High Yield and Income ETF	6.65%	6.73%	7.17%	7.33%	6.01%	4.55%	0.61%
IBHI iShares iBonds 2029 Term High Yield and Income ETF	6.88%	6.79%	6.66%	6.48%	5.26%	0.00%	0.00%

Drawdowns

IBHF vs. IBHI - Drawdown Comparison

The maximum IBHF drawdown since its inception was -11.19%, smaller than the maximum IBHI drawdown of -13.65%. Use the drawdown chart below to compare losses from any high point for IBHF and IBHI.

Drawdown Indicators

	IBHF	IBHI	Difference
Max Drawdown Largest peak-to-trough decline	-11.19%	-13.65%	+2.46%
Max Drawdown (1Y) Largest decline over 1 year	-2.40%	-4.48%	+2.08%
Max Drawdown (5Y) Largest decline over 5 years	-11.19%	—	—
Current Drawdown Current decline from peak	-0.27%	-0.89%	+0.62%
Average Drawdown Average peak-to-trough decline	-1.85%	-2.96%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	0.81%	-0.45%

Volatility

IBHF vs. IBHI - Volatility Comparison

The current volatility for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) is 0.56%, while iShares iBonds 2029 Term High Yield and Income ETF (IBHI) has a volatility of 2.02%. This indicates that IBHF experiences smaller price fluctuations and is considered to be less risky than IBHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBHF	IBHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	2.02%	-1.46%
Volatility (6M) Calculated over the trailing 6-month period	1.12%	2.84%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	2.95%	5.87%	-2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.80%	8.12%	-2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.74%	8.12%	-2.38%