IBHH vs. LDRH

Last updated Jun 24, 2026

IBHH (iShares iBonds 2028 Term High Yield and Income ETF) and LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) are both High Yield Bonds funds from iShares - IBHH tracks the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross while LDRH tracks the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index. Both are passively managed. Over the past year, IBHH returned 5.85% vs 5.98% for LDRH. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

IBHH vs. LDRH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2028 Term High Yield and Income ETF (IBHH) and iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBHH achieves a 1.85% return, which is significantly lower than LDRH's 1.98% return.

IBHH

• 1D: 0.02%
• 1M: 0.44%
• YTD: 1.85%
• 6M: 2.22%
• 1Y: 5.85%
• 3Y*: 8.78%
• 5Y*: —
• 10Y*: —

LDRH

• 1D: -0.10%
• 1M: 0.33%
• YTD: 1.98%
• 6M: 2.22%
• 1Y: 5.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHH vs. LDRH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBHH iShares iBonds 2028 Term High Yield and Income ETF	1.85%	8.02%	-0.12%
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	1.98%	7.18%	0.21%

Correlation

The correlation between IBHH and LDRH is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.75

The correlation between IBHH and LDRH has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

Return for Risk

IBHH vs. LDRH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBHH

IBHH Risk / Return Rank: 80
IBHH Sharpe Ratio Rank: 71
IBHH Sortino Ratio Rank: 78
IBHH Omega Ratio Rank: 75
IBHH Calmar Ratio Rank: 88
IBHH Martin Ratio Rank: 90

LDRH

LDRH Risk / Return Rank: 85
LDRH Sharpe Ratio Rank: 78
LDRH Sortino Ratio Rank: 88
LDRH Omega Ratio Rank: 82
LDRH Calmar Ratio Rank: 88
LDRH Martin Ratio Rank: 91

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.

IBHH vs. LDRH - 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 iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH). 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.

	IBHH	LDRH	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.31	-0.20
Sortino ratio: Return per unit of downside risk	3.19	3.73	-0.53
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	4.80	4.88	-0.08
Martin ratio: Return relative to average drawdown	19.19	20.18	-0.98

IBHH vs. LDRH - Sharpe Ratio Comparison

The current IBHH Sharpe Ratio is 2.10, which is comparable to the LDRH Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of IBHH and LDRH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBHH vs. LDRH - Drawdown Comparison

The maximum IBHH drawdown since its inception was -12.05%, which is greater than LDRH's maximum drawdown of -3.17%. Use the drawdown chart below to compare losses from any high point for IBHH and LDRH.

Drawdown Indicators

	IBHH	LDRH	Difference
Max Drawdown Largest peak-to-trough decline	-12.05%	-3.17%	-8.88%
Max Drawdown (1Y) Largest decline over 1 year	-1.22%	-1.23%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	—	—
Current Drawdown Current decline from peak	-0.06%	-0.26%	+0.20%
Average Drawdown Average peak-to-trough decline	-2.27%	-0.24%	-2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.30%	+0.01%

Volatility

IBHH vs. LDRH - Volatility Comparison

iShares iBonds 2028 Term High Yield and Income ETF (IBHH) has a higher volatility of 0.69% compared to iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) at 0.61%. This indicates that IBHH's price experiences larger fluctuations and is considered to be riskier than LDRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBHH	LDRH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	0.61%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	2.11%	1.97%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	2.79%	2.61%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.22%	3.48%	+3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.22%	3.48%	+3.74%

IBHH vs. LDRH - Expense Ratio Comparison

Both IBHH and LDRH have an expense ratio of 0.35%.

Dividends

IBHH vs. LDRH - Dividend Comparison

IBHH's dividend yield for the trailing twelve months is around 6.25%, less than LDRH's 6.99% yield.

Position	TTM	2025	2024	2023	2022
IBHH iShares iBonds 2028 Term High Yield and Income ETF	6.25%	6.39%	6.93%	6.65%	5.36%
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	6.99%	6.41%	1.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBHH and LDRH in my portfolio?

IBHH and LDRH have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBHH or LDRH?

IBHH has higher volatility (0.69%) compared to LDRH (0.61%). In terms of maximum drawdown, IBHH dropped -12.05% vs LDRH's -3.17%.

Which ETF is better, IBHH or LDRH?

On 1-year performance, LDRH leads with 5.98% vs 5.85% for IBHH. Both ETFs have the same 0.35% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBHH or LDRH?

Over the 1-year period, LDRH has performed better with a 5.98% return vs 5.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBHH or LDRH?

IBHH and LDRH have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, IBHH or LDRH?

LDRH has the higher dividend yield at 6.99%, compared with 6.25% for IBHH.

What is the main difference between IBHH and LDRH?

IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross, while LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index.

Which has better risk-adjusted returns?

LDRH currently has the higher Sharpe Ratio (2.31 vs 2.10), 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.