IBHG vs. HYSD

Last updated Jun 5, 2026

IBHG (iShares iBonds 2027 Term High Yield and Income ETF) and HYSD (Columbia Short Duration High Yield ETF) are both High Yield Bonds funds. IBHG is passively managed, while HYSD is actively managed. Over the past year, IBHG returned 4.71% vs 6.12% for HYSD. A 0.70 correlation means they provide meaningful diversification when combined. IBHG charges 0.35%/yr vs 0.44%/yr for HYSD.

Performance

IBHG vs. HYSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2027 Term High Yield and Income ETF (IBHG) and Columbia Short Duration High Yield ETF (HYSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBHG achieves a 1.10% return, which is significantly lower than HYSD's 1.80% return.

IBHG

• 1D: 0.14%
• 1M: 0.32%
• YTD: 1.10%
• 6M: 1.57%
• 1Y: 4.71%
• 3Y*: 7.53%
• 5Y*: —
• 10Y*: —

HYSD

• 1D: 0.13%
• 1M: 0.43%
• YTD: 1.80%
• 6M: 2.24%
• 1Y: 6.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHG vs. HYSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBHG iShares iBonds 2027 Term High Yield and Income ETF	1.10%	6.90%	1.85%
HYSD Columbia Short Duration High Yield ETF	1.80%	7.74%	0.97%

Correlation

The correlation between IBHG and HYSD is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.70

The correlation between IBHG and HYSD has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

Return for Risk

IBHG vs. HYSD — Risk / Return Rank

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

IBHG

IBHG Risk / Return Rank: 81
IBHG Sharpe Ratio Rank: 69
IBHG Sortino Ratio Rank: 79
IBHG Omega Ratio Rank: 73
IBHG Calmar Ratio Rank: 93
IBHG Martin Ratio Rank: 93

HYSD

HYSD Risk / Return Rank: 78
HYSD Sharpe Ratio Rank: 67
HYSD Sortino Ratio Rank: 77
HYSD Omega Ratio Rank: 77
HYSD Calmar Ratio Rank: 81
HYSD Martin Ratio Rank: 87

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.

IBHG vs. HYSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) and Columbia Short Duration High Yield ETF (HYSD). 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.

	IBHG	HYSD	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.19	+0.05
Sortino ratio: Return per unit of downside risk	3.49	3.40	+0.09
Omega ratio: Gain probability vs. loss probability	1.43	1.45	-0.02
Calmar ratio: Return relative to maximum drawdown	6.51	4.21	+2.30
Martin ratio: Return relative to average drawdown	23.87	18.28	+5.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBHG vs. HYSD - Sharpe Ratio Comparison

The current IBHG Sharpe Ratio is 2.24, which is comparable to the HYSD Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of IBHG and HYSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBHG	HYSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.19	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	1.73	-1.16

Drawdowns

IBHG vs. HYSD - Drawdown Comparison

The maximum IBHG drawdown since its inception was -13.85%, which is greater than HYSD's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for IBHG and HYSD.

Drawdown Indicators

	IBHG	HYSD	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	-2.69%	-11.16%
Max Drawdown (1Y) Largest decline over 1 year	-0.73%	-1.46%	+0.73%
Max Drawdown (3Y) Largest decline over 3 years	-3.39%	—	—
Current Drawdown Current decline from peak	-0.09%	-0.09%	0.00%
Average Drawdown Average peak-to-trough decline	-2.67%	-0.26%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	0.34%	-0.14%

Volatility

IBHG vs. HYSD - Volatility Comparison

The current volatility for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) is 0.59%, while Columbia Short Duration High Yield ETF (HYSD) has a volatility of 0.97%. This indicates that IBHG experiences smaller price fluctuations and is considered to be less risky than HYSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBHG	HYSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	0.97%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	1.53%	2.14%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	2.11%	2.81%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.36%	3.52%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.36%	3.52%	+2.84%

IBHG vs. HYSD - Expense Ratio Comparison

IBHG has a 0.35% expense ratio, which is lower than HYSD's 0.44% expense ratio.

Dividends

IBHG vs. HYSD - Dividend Comparison

IBHG's dividend yield for the trailing twelve months is around 6.07%, more than HYSD's 5.80% yield.

Position	TTM	2025	2024	2023	2022	2021
HYSD Columbia Short Duration High Yield ETF	5.80%	5.60%	1.82%	0.00%	0.00%	0.00%
IBHG iShares iBonds 2027 Term High Yield and Income ETF	6.07%	6.33%	7.02%	6.66%	5.62%	2.13%

Frequently Asked Questions

Can I hold both IBHG and HYSD in my portfolio?

IBHG and HYSD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBHG or HYSD?

HYSD has higher volatility (0.97%) compared to IBHG (0.59%). In terms of maximum drawdown, IBHG dropped -13.85% vs HYSD's -2.69%.

Which ETF is better, IBHG or HYSD?

On 1-year performance, HYSD leads with 6.12% vs 4.71% for IBHG. On fees, IBHG is cheaper at 0.35% per year. On volatility, IBHG has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBHG or HYSD?

Over the 1-year period, HYSD has performed better with a 6.12% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBHG or HYSD?

IBHG is cheaper with a 0.35% expense ratio, compared with 0.44% for HYSD.

Which ETF pays a higher dividend yield, IBHG or HYSD?

IBHG has the higher dividend yield at 6.07%, compared with 5.80% for HYSD.

What is the main difference between IBHG and HYSD?

They also come from different issuers: iShares and Columbia. Their fees differ too: 0.35% for IBHG and 0.44% for HYSD.

Which has better risk-adjusted returns?

IBHG currently has the higher Sharpe Ratio (2.24 vs 2.19), 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.