IBHG vs. IBHM
IBHG (iShares iBonds 2027 Term High Yield and Income ETF) and IBHM (iShares iBonds 2033 Term High Yield and 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 IBHM tracks the Bloomberg 2033 Term High Yield and Income Index. Both are passively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.
Performance
IBHG vs. IBHM - Performance Comparison
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Returns By Period
IBHG
- 1D
- 0.05%
- 1M
- 0.11%
- 6M
- 1.56%
- YTD
- 1.53%
- 1Y
- 3.82%
- 3Y*
- 7.07%
- 5Y*
- 3.67%
- 10Y*
- —
- ALL TIME*
- 3.55%
IBHM
- 1D
- -0.08%
- 1M
- -0.73%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.53M | $2.72M | $3.55M | |
| $89.93K | $107.48K | $111.05K |
IBHG vs. IBHM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 1.58% |
IBHM iShares iBonds 2033 Term High Yield and Income ETF | 2.23% |
Correlation
The correlation between IBHG and IBHM is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.66 |
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Return for Risk
IBHG vs. IBHM — Risk / Return Rank
IBHG
IBHM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHG vs. IBHM - 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 2033 Term High Yield and Income ETF (IBHM). 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 | IBHM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.37 | — | — |
| Martin ratioReturn relative to average drawdown | 19.62 | — | — |
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Drawdowns
IBHG vs. IBHM - Drawdown Comparison
The maximum IBHG drawdown since its inception was -13.85%, which is greater than IBHM's maximum drawdown of -1.67%. Use the drawdown chart below to compare losses from any high point for IBHG and IBHM.
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Drawdown Indicators
| IBHG | IBHM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -1.67% | -12.18% |
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 | -0.07% | -0.81% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -0.41% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | — | — |
Volatility
IBHG vs. IBHM - Volatility Comparison
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Volatility by Period
| IBHG | IBHM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 4.73% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 4.73% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.27% | 4.73% | +1.54% |
IBHG vs. IBHM - Expense Ratio Comparison
Both IBHG and IBHM have an expense ratio of 0.35%.
Dividends
IBHG vs. IBHM - Dividend Comparison
IBHG's dividend yield for the trailing twelve months is around 6.03%, more than IBHM's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 5.49% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% |
IBHM iShares iBonds 2033 Term High Yield and Income ETF | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHG and IBHM have a correlation of 0.66, 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 IBHM have the same expense ratio: 0.35% per year.
IBHG has the higher dividend yield at 5.49%, compared with 1.58% for IBHM.
IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross, while IBHM tracks Bloomberg 2033 Term High Yield and Income Index.
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