IBHH vs. ACWI
IBHH (iShares iBonds 2028 Term High Yield and Income ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - IBHH is a High Yield Bonds fund tracking the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 3 years, IBHH returned 8.48%/yr vs 21.15%/yr for ACWI. A 0.66 correlation means they provide meaningful diversification when combined. IBHH charges 0.35%/yr vs 0.32%/yr for ACWI.
Performance
IBHH vs. ACWI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBHH achieves a 1.66% return, which is significantly lower than ACWI's 12.13% return.
IBHH
- 1D
- -0.06%
- 1M
- 0.40%
- YTD
- 1.66%
- 6M
- 2.20%
- 1Y
- 6.59%
- 3Y*
- 8.48%
- 5Y*
- —
- 10Y*
- —
ACWI
- 1D
- -0.83%
- 1M
- 5.28%
- YTD
- 12.13%
- 6M
- 12.96%
- 1Y
- 29.18%
- 3Y*
- 21.15%
- 5Y*
- 11.28%
- 10Y*
- 12.85%
IBHH vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 1.66% | 8.02% | 7.53% | 12.87% | -6.70% |
ACWI iShares MSCI ACWI ETF | 12.13% | 22.41% | 17.45% | 22.27% | -8.30% |
Correlation
The correlation between IBHH and ACWI is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2022 | 0.66 |
The correlation between IBHH and ACWI has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.
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
IBHH vs. ACWI — Risk / Return Rank
IBHH
ACWI
IBHH vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2028 Term High Yield and Income ETF (IBHH) and iShares MSCI ACWI ETF (ACWI). 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.
| IBHH | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | 3.01 | +2.40 |
| Martin ratioReturn relative to average drawdown | 21.70 | 13.53 | +8.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBHH | ACWI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 2.29 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.43 | +0.31 |
Drawdowns
IBHH vs. ACWI - Drawdown Comparison
The maximum IBHH drawdown since its inception was -12.05%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for IBHH and ACWI.
Loading charts...
Drawdown Indicators
| IBHH | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.05% | -56.00% | +43.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | -9.73% | +8.51% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -16.55% | +11.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.83% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -8.61% | +6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 2.16% | -1.86% |
Volatility
IBHH vs. ACWI - Volatility Comparison
The current volatility for iShares iBonds 2028 Term High Yield and Income ETF (IBHH) is 0.77%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.93%. This indicates that IBHH experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBHH | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 3.93% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 10.29% | -8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 12.78% | -9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 16.05% | -8.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 17.11% | -9.85% |
IBHH vs. ACWI - Expense Ratio Comparison
IBHH has a 0.35% expense ratio, which is higher than ACWI's 0.32% expense ratio.
Dividends
IBHH vs. ACWI - Dividend Comparison
IBHH's dividend yield for the trailing twelve months is around 6.27%, more than ACWI's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.38% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 6.27% | 6.39% | 6.93% | 6.65% | 5.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHH and ACWI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWI has higher volatility (3.93%) compared to IBHH (0.77%). In terms of maximum drawdown, IBHH dropped -12.05% vs ACWI's -56.00%.
On 3-year performance, ACWI leads with 21.15% vs 8.48% for IBHH. On fees, ACWI is cheaper at 0.32% per year. On volatility, IBHH has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ACWI has performed better with a 21.15% return vs 8.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ACWI is cheaper with a 0.32% expense ratio, compared with 0.35% for IBHH.
IBHH has the higher dividend yield at 6.27%, compared with 1.38% for ACWI.
IBHH is categorized as High Yield Bonds, while ACWI is Global Equities. IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.35% for IBHH and 0.32% for ACWI.
IBHH currently has the higher Sharpe Ratio (2.35 vs 2.29), 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.
Find the right allocation for IBHH and ACWI
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