IBHF vs. IBTJ
Compare and contrast key facts about iShares iBonds 2026 Term High Yield and Income ETF (IBHF) and iShares iBonds Dec 2029 Term Treasury ETF (IBTJ).
IBHF and IBTJ 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. IBTJ is a passively managed fund by iShares that tracks the performance of the ICE 2029 Maturity US Treasury Index. It was launched on Feb 25, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBHF or IBTJ.
Key characteristics
| IBHF | IBTJ | |
|---|---|---|
| YTD Return | 7.67% | 1.36% |
| 1Y Return | 10.50% | 5.48% |
| 3Y Return (Ann) | 3.81% | -2.36% |
| Sharpe Ratio | 3.28 | 1.04 |
| Sortino Ratio | 5.25 | 1.53 |
| Omega Ratio | 1.68 | 1.19 |
| Calmar Ratio | 9.27 | 0.28 |
| Martin Ratio | 35.31 | 3.17 |
| Ulcer Index | 0.30% | 1.54% |
| Daily Std Dev | 3.18% | 4.69% |
| Max Drawdown | -11.19% | -20.19% |
| Current Drawdown | -0.26% | -12.66% |
Correlation
The correlation between IBHF and IBTJ is 0.32, 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
IBHF vs. IBTJ - Performance Comparison
In the year-to-date period, IBHF achieves a 7.67% return, which is significantly higher than IBTJ's 1.36% 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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IBHF vs. IBTJ - Expense Ratio Comparison
IBHF has a 0.35% expense ratio, which is higher than IBTJ's 0.07% expense ratio.
Risk-Adjusted Performance
IBHF vs. IBTJ - 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 iBonds Dec 2029 Term Treasury ETF (IBTJ). 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. IBTJ - Dividend Comparison
IBHF's dividend yield for the trailing twelve months is around 7.23%, more than IBTJ's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
IBHF iShares iBonds 2026 Term High Yield and Income ETF | 7.23% | 7.33% | 6.01% | 4.55% | 0.61% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.92% | 3.48% | 1.85% | 0.74% | 0.61% |
Drawdowns
IBHF vs. IBTJ - Drawdown Comparison
The maximum IBHF drawdown since its inception was -11.19%, smaller than the maximum IBTJ drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for IBHF and IBTJ. For additional features, visit the drawdowns tool.
Volatility
IBHF vs. IBTJ - Volatility Comparison
The current volatility for iShares iBonds 2026 Term High Yield and Income ETF (IBHF) is 0.71%, while iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) has a volatility of 0.96%. This indicates that IBHF experiences smaller price fluctuations and is considered to be less risky than IBTJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.