IBHH vs. QHY
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 8.29%/yr vs 7.79%/yr for QHY. Their correlation of 0.86 means they have usually moved in the same direction. IBHH charges 0.35%/yr vs 0.38%/yr for QHY.
Performance
IBHH vs. QHY - Performance Comparison
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Returns By Period
In the year-to-date period, IBHH achieves a 2.32% return, which is significantly higher than QHY's 1.92% return.
IBHH
- 1D
- 0.13%
- 1M
- 0.22%
- 6M
- 1.75%
- YTD
- 2.32%
- 1Y
- 5.36%
- 3Y*
- 8.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.23%
QHY
- 1D
- 0.25%
- 1M
- 0.02%
- 6M
- 1.30%
- YTD
- 1.92%
- 1Y
- 5.76%
- 3Y*
- 7.79%
- 5Y*
- 3.09%
- 10Y*
- 4.84%
- ALL TIME*
- 4.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.12M | $2.34M | $2.50M | |
| $872.17K | $722.77K | $795.01K |
IBHH vs. QHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2.32% | 8.02% | 7.53% | 12.87% | -6.70% |
QHY WisdomTree U.S. Short-Term Corporate Bond Fund | 1.92% | 9.61% | 5.92% | 10.12% | -7.19% |
Correlation
The correlation between IBHH and QHY is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2022 | 0.86 |
The correlation between IBHH and QHY has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
IBHH vs. QHY — Risk / Return Rank
IBHH
QHY
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.
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 | QHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.30 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 2.09 | +2.31 |
| Martin ratioReturn relative to average drawdown | 17.57 | 9.56 | +8.00 |
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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.
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Drawdown Indicators
| IBHH | QHY | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -2.71% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.60% | -0.29% |
Volatility
IBHH vs. QHY - Volatility Comparison
The current volatility for iShares iBonds 2028 Term High Yield and Income ETF (IBHH) is 0.61%, while WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) has a volatility of 0.93%. 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.
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Volatility by Period
| IBHH | QHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.93% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 2.94% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 3.68% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 7.58% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.13% | 8.17% | -1.04% |
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 6.22%, 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 | 6.22% | 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
IBHH and QHY have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QHY has higher volatility (0.93%) compared to IBHH (0.61%). In terms of maximum drawdown, IBHH dropped -12.05% vs QHY's -22.74%.
On 3-year performance, IBHH leads with 8.29% vs 7.79% for QHY. On fees, IBHH is cheaper at 0.35% per year. On volatility, IBHH has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBHH has performed better with a 8.29% return vs 7.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHH is cheaper with a 0.35% expense ratio, compared with 0.38% for QHY.
QHY has the higher dividend yield at 6.26%, compared with 6.22% for IBHH.
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.
IBHH currently has the higher Sharpe Ratio (1.97 vs 1.58), 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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