IBHG vs. HYXU

Last updated Jun 5, 2026

IBHG (iShares iBonds 2027 Term High Yield and Income ETF) and HYXU (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both High Yield Bonds funds from iShares - IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross while HYXU tracks the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. Both are passively managed. Both charge a 0.35% expense ratio.

Performance

IBHG vs. HYXU - 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 iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHG

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

HYXU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHG vs. HYXU - Yearly Performance Comparison

	2026 (YTD)
IBHG iShares iBonds 2027 Term High Yield and Income ETF	-0.04%
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%

Return for Risk

IBHG vs. HYXU — 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

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. HYXU - 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 iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). 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	HYXU	Difference
Sharpe ratio: Return per unit of total volatility	2.24	—	—
Sortino ratio: Return per unit of downside risk	3.49	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	6.51	—	—
Martin ratio: Return relative to average drawdown	23.87	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBHG	HYXU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	—	—

Drawdowns

IBHG vs. HYXU - Drawdown Comparison

The maximum IBHG drawdown since its inception was -13.85%, which is greater than HYXU's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IBHG and HYXU.

Drawdown Indicators

	IBHG	HYXU	Difference
Max Drawdown Largest peak-to-trough decline	-13.85%	0.00%	-13.85%
Max Drawdown (1Y) Largest decline over 1 year	-0.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.39%	—	—
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-2.67%	0.00%	-2.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	—	—

Volatility

Volatility by Period

	IBHG	HYXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.11%	0.00%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.36%	0.00%	+6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.36%	0.00%	+6.36%

IBHG vs. HYXU - Expense Ratio Comparison

Both IBHG and HYXU have an expense ratio of 0.35%.

Dividends

IBHG vs. HYXU - Dividend Comparison

IBHG's dividend yield for the trailing twelve months is around 6.07%, while HYXU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%	0.00%	0.00%	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

Which ETF is better, IBHG or HYXU?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHG or HYXU?

IBHG and HYXU have the same expense ratio: 0.35% per year.

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

IBHG has the higher dividend yield at 6.07%, compared with 0.00% for HYXU.

What is the main difference between IBHG and HYXU?

IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross, while HYXU tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index.