IBHG vs. IBHE
IBHG (iShares iBonds 2027 Term High Yield and Income ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds from iShares - IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
IBHG vs. IBHE - Performance Comparison
Loading charts...
Returns By Period
IBHG
- 1D
- -0.05%
- 1M
- 0.20%
- 6M
- 1.17%
- YTD
- 1.26%
- 1Y
- 4.04%
- 3Y*
- 7.00%
- 5Y*
- 3.59%
- 10Y*
- —
IBHE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHG vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.26% | 6.90% | 7.42% | 11.27% | -8.88% | 0.93% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 1.15% |
Correlation
The correlation between IBHG and IBHE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2021 | 0.63 |
The correlation between IBHG and IBHE shifts across timeframes, from -0.02 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBHG vs. IBHE — Risk / Return Rank
IBHG
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHG vs. IBHE - 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 iBonds 2025 Term High Yield & Income ETF (IBHE). 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.
| IBHG | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.58 | — | — |
| Martin ratioReturn relative to average drawdown | 20.44 | — | — |
Loading charts...
Drawdowns
IBHG vs. IBHE - Drawdown Comparison
Loading charts...
Drawdown Indicators
| IBHG | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.85% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | — | — |
Average DrawdownAverage peak-to-trough decline | -2.62% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | — | — |
Volatility
IBHG vs. IBHE - Volatility Comparison
Loading charts...
Volatility by Period
| IBHG | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | — | — |
IBHG vs. IBHE - Expense Ratio Comparison
Both IBHG and IBHE have an expense ratio of 0.35%.
Dividends
IBHG vs. IBHE - Dividend Comparison
IBHG's dividend yield for the trailing twelve months is around 6.05%, while IBHE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 1.87% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.05% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% | 0.00% |
Frequently Asked Questions
IBHG and IBHE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBHG and IBHE have the same expense ratio: 0.35% per year.
IBHG has the higher dividend yield at 6.05%, compared with 1.87% for IBHE.
IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index.
Find the right allocation for IBHG and IBHE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer