IBHH vs. QHY

Last updated Jun 4, 2026

IBHH (iShares iBonds 2028 Term High Yield and Income ETF) and QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) are both High Yield Bonds funds - IBHH tracks the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross while QHY tracks the WisdomTree U.S. High Yield Corporate Bond Index. Both are passively managed. Over the past 3 years, IBHH returned 8.48%/yr vs 8.10%/yr for QHY. Their correlation of 0.86 suggests significant overlap in exposure. IBHH charges 0.35%/yr vs 0.38%/yr for QHY.

Performance

IBHH vs. QHY - 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 WisdomTree U.S. Short-Term Corporate Bond Fund (QHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBHH achieves a 1.66% return, which is significantly higher than QHY's 1.46% return.

IBHH

• 1D: -0.06%
• 1M: 0.40%
• YTD: 1.66%
• 6M: 2.20%
• 1Y: 6.59%
• 3Y*: 8.48%
• 5Y*: —
• 10Y*: —

QHY

• 1D: -0.09%
• 1M: 0.55%
• YTD: 1.46%
• 6M: 1.70%
• 1Y: 7.29%
• 3Y*: 8.10%
• 5Y*: 3.21%
• 10Y*: 4.96%

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

IBHH vs. QHY - 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%
QHY WisdomTree U.S. Short-Term Corporate Bond Fund	1.46%	9.61%	5.92%	10.12%	-6.34%

Correlation

The correlation between IBHH and QHY is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Mar 11, 2022	0.86

The correlation between IBHH and QHY has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

IBHH vs. QHY — Risk / Return Rank

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

IBHH

IBHH Risk / Return Rank: 82
IBHH Sharpe Ratio Rank: 72
IBHH Sortino Ratio Rank: 80
IBHH Omega Ratio Rank: 77
IBHH Calmar Ratio Rank: 89
IBHH Martin Ratio Rank: 91

QHY

QHY Risk / Return Rank: 63
QHY Sharpe Ratio Rank: 60
QHY Sortino Ratio Rank: 67
QHY Omega Ratio Rank: 66
QHY Calmar Ratio Rank: 54
QHY Martin Ratio Rank: 67

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. QHY - 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 WisdomTree U.S. Short-Term Corporate Bond Fund (QHY). 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	QHY	Difference
Sharpe ratio Return per unit of total volatility	2.35	2.01	+0.34
Sortino ratio Return per unit of downside risk	3.60	3.05	+0.55
Omega ratio Gain probability vs. loss probability	1.46	1.39	+0.06
Calmar ratio Return relative to maximum drawdown	5.41	2.65	+2.77
Martin ratio Return relative to average drawdown	21.70	12.02	+9.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBHH vs. QHY - Sharpe Ratio Comparison

The current IBHH Sharpe Ratio is 2.35, which is comparable to the QHY Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of IBHH and QHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBHH	QHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.01	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.61	+0.12

Drawdowns

IBHH vs. QHY - Drawdown Comparison

The maximum IBHH drawdown since its inception was -12.05%, smaller than the maximum QHY drawdown of -22.74%. Use the drawdown chart below to compare losses from any high point for IBHH and QHY.

Drawdown Indicators

	IBHH	QHY	Difference
Max Drawdown Largest peak-to-trough decline	-12.05%	-22.74%	+10.69%
Max Drawdown (1Y) Largest decline over 1 year	-1.22%	-2.77%	+1.55%
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	-4.58%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.74%	—
Current Drawdown Current decline from peak	-0.07%	-0.09%	+0.02%
Average Drawdown Average peak-to-trough decline	-2.30%	-2.75%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	0.61%	-0.31%

Volatility

IBHH vs. QHY - Volatility Comparison

The current volatility for iShares iBonds 2028 Term High Yield and Income ETF (IBHH) is 0.77%, while WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) has a volatility of 1.08%. This indicates that IBHH experiences smaller price fluctuations and is considered to be less risky than QHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBHH	QHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	1.08%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	2.08%	2.86%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	2.82%	3.65%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	7.57%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.26%	8.20%	-0.94%

IBHH vs. QHY - Expense Ratio Comparison

IBHH has a 0.35% expense ratio, which is lower than QHY's 0.38% expense ratio.

Dividends

IBHH vs. QHY - Dividend Comparison

IBHH's dividend yield for the trailing twelve months is around 6.27%, which matches QHY's 6.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
QHY WisdomTree U.S. Short-Term Corporate Bond Fund	6.26%	6.26%	6.40%	6.11%	5.44%	4.09%	4.80%	5.21%	5.93%	6.47%	4.39%

Frequently Asked Questions

Can I hold both IBHH and QHY in my portfolio?

IBHH and QHY have a correlation of 0.80, 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 QHY?

QHY has higher volatility (1.08%) compared to IBHH (0.77%). In terms of maximum drawdown, IBHH dropped -12.05% vs QHY's -22.74%.

Which ETF is better, IBHH or QHY?

On 3-year performance, IBHH leads with 8.48% vs 8.10% for QHY. On fees, IBHH is cheaper at 0.35% 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.

Which ETF has performed better, IBHH or QHY?

Over the 3-year period, IBHH has performed better with a 8.48% return vs 8.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBHH or QHY?

IBHH is cheaper with a 0.35% expense ratio, compared with 0.38% for QHY.

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

IBHH has the higher dividend yield at 6.27%, compared with 6.26% for QHY.

What is the main difference between IBHH and QHY?

IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross, while QHY tracks WisdomTree U.S. High Yield Corporate Bond Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.35% for IBHH and 0.38% for QHY.

Which has better risk-adjusted returns?

IBHH currently has the higher Sharpe Ratio (2.35 vs 2.01), 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.