IBHG vs. THY
IBHG (iShares iBonds 2027 Term High Yield and Income ETF) and THY (Agility Shares Dynamic Tactical Income ETF) are both High Yield Bonds funds. IBHG is passively managed, while THY is actively managed. Over the past 3 years, IBHG returned 7.37%/yr vs 5.21%/yr for THY. A 0.58 correlation means they provide meaningful diversification when combined. IBHG charges 0.35%/yr vs 1.36%/yr for THY.
Performance
IBHG vs. THY - Performance Comparison
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Returns By Period
In the year-to-date period, IBHG achieves a 0.96% return, which is significantly higher than THY's 0.45% return.
IBHG
- 1D
- -0.09%
- 1M
- 0.21%
- YTD
- 0.96%
- 6M
- 1.46%
- 1Y
- 4.61%
- 3Y*
- 7.37%
- 5Y*
- —
- 10Y*
- —
THY
- 1D
- -0.26%
- 1M
- -0.43%
- YTD
- 0.45%
- 6M
- 0.64%
- 1Y
- 4.31%
- 3Y*
- 5.21%
- 5Y*
- 1.71%
- 10Y*
- —
IBHG vs. THY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 0.96% | 6.90% | 7.42% | 11.27% | -8.88% | 1.07% |
THY Agility Shares Dynamic Tactical Income ETF | 0.45% | 4.44% | 5.38% | 4.97% | -5.62% | -1.59% |
Correlation
The correlation between IBHG and THY is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.58 |
The correlation between IBHG and THY has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
IBHG vs. THY — Risk / Return Rank
IBHG
THY
IBHG vs. THY - 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 Agility Shares Dynamic Tactical Income ETF (THY). 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 | THY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.27 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 6.38 | 2.70 | +3.68 |
| Martin ratioReturn relative to average drawdown | 23.30 | 6.56 | +16.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBHG | THY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 1.46 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.48 | +0.08 |
Drawdowns
IBHG vs. THY - Drawdown Comparison
The maximum IBHG drawdown since its inception was -13.85%, which is greater than THY's maximum drawdown of -8.56%. Use the drawdown chart below to compare losses from any high point for IBHG and THY.
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Drawdown Indicators
| IBHG | THY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.85% | -8.56% | -5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.73% | -1.60% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.39% | -2.74% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.56% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.83% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -2.61% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.66% | -0.46% |
Volatility
IBHG vs. THY - Volatility Comparison
The current volatility for iShares iBonds 2027 Term High Yield and Income ETF (IBHG) is 0.58%, while Agility Shares Dynamic Tactical Income ETF (THY) has a volatility of 0.93%. This indicates that IBHG experiences smaller price fluctuations and is considered to be less risky than THY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHG | THY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.93% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 1.87% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 2.97% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 4.55% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.37% | 4.48% | +1.89% |
IBHG vs. THY - Expense Ratio Comparison
IBHG has a 0.35% expense ratio, which is lower than THY's 1.36% expense ratio.
Dividends
IBHG vs. THY - Dividend Comparison
IBHG's dividend yield for the trailing twelve months is around 6.08%, more than THY's 5.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.08% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% |
THY Agility Shares Dynamic Tactical Income ETF | 5.40% | 6.00% | 5.09% | 4.59% | 2.56% | 3.46% | 2.53% |
Frequently Asked Questions
IBHG and THY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THY has higher volatility (0.93%) compared to IBHG (0.58%). In terms of maximum drawdown, IBHG dropped -13.85% vs THY's -8.56%.
On 3-year performance, IBHG leads with 7.37% vs 5.21% for THY. On fees, IBHG is cheaper at 0.35% per year. On volatility, IBHG has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBHG has performed better with a 7.37% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHG is cheaper with a 0.35% expense ratio, compared with 1.36% for THY.
IBHG has the higher dividend yield at 6.08%, compared with 5.40% for THY.
They also come from different issuers: iShares and Toews Corp.. Their fees differ too: 0.35% for IBHG and 1.36% for THY.
IBHG currently has the higher Sharpe Ratio (2.20 vs 1.46), 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.
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