IBHH vs. XHYE

Last updated Jun 4, 2026

IBHH (iShares iBonds 2028 Term High Yield and Income ETF) and XHYE (BondBloxx US High Yield Energy Sector ETF) are both High Yield Bonds funds - IBHH tracks the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross while XHYE tracks the ICE Diversified US Cash Pay High Yield Energy Index. Both are passively managed. Over the past 3 years, IBHH returned 8.48%/yr vs 8.50%/yr for XHYE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

IBHH vs. XHYE - 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 BondBloxx US High Yield Energy Sector ETF (XHYE). 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 lower than XHYE's 3.57% return.

IBHH

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

XHYE

• 1D: 0.00%
• 1M: -0.13%
• YTD: 3.57%
• 6M: 3.93%
• 1Y: 9.25%
• 3Y*: 8.50%
• 5Y*: —
• 10Y*: —

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

IBHH vs. XHYE - 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%
XHYE BondBloxx US High Yield Energy Sector ETF	3.57%	6.73%	7.46%	11.49%	-2.73%

Correlation

The correlation between IBHH and XHYE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Mar 11, 2022	0.78

Over the past year, the correlation between IBHH and XHYE has dropped to 0.39 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

IBHH vs. XHYE — 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

XHYE

XHYE Risk / Return Rank: 94
XHYE Sharpe Ratio Rank: 91
XHYE Sortino Ratio Rank: 95
XHYE Omega Ratio Rank: 94
XHYE Calmar Ratio Rank: 95
XHYE Martin Ratio Rank: 94

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. XHYE - 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 BondBloxx US High Yield Energy Sector ETF (XHYE). 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	XHYE	Difference
Sharpe ratio: Return per unit of total volatility	2.35	3.18	-0.82
Sortino ratio: Return per unit of downside risk	3.60	5.13	-1.53
Omega ratio: Gain probability vs. loss probability	1.46	1.69	-0.23
Calmar ratio: Return relative to maximum drawdown	5.41	8.50	-3.09
Martin ratio: Return relative to average drawdown	21.70	26.98	-5.28
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. XHYE - Sharpe Ratio Comparison

The current IBHH Sharpe Ratio is 2.35, which is comparable to the XHYE Sharpe Ratio of 3.18. The chart below compares the historical Sharpe Ratios of IBHH and XHYE, 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	XHYE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	3.18	-0.82
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.84	-0.11

Drawdowns

IBHH vs. XHYE - Drawdown Comparison

The maximum IBHH drawdown since its inception was -12.05%, which is greater than XHYE's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for IBHH and XHYE.

Drawdown Indicators

	IBHH	XHYE	Difference
Max Drawdown Largest peak-to-trough decline	-12.05%	-8.87%	-3.18%
Max Drawdown (1Y) Largest decline over 1 year	-1.22%	-1.21%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	-6.40%	+1.74%
Current Drawdown Current decline from peak	-0.07%	-0.36%	+0.29%
Average Drawdown Average peak-to-trough decline	-2.30%	-1.42%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	0.38%	-0.08%

Volatility

IBHH vs. XHYE - Volatility Comparison

iShares iBonds 2028 Term High Yield and Income ETF (IBHH) has a higher volatility of 0.77% compared to BondBloxx US High Yield Energy Sector ETF (XHYE) at 0.56%. This indicates that IBHH's price experiences larger fluctuations and is considered to be riskier than XHYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBHH	XHYE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.56%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	2.08%	1.98%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	2.82%	3.24%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	7.60%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.26%	7.60%	-0.34%

IBHH vs. XHYE - Expense Ratio Comparison

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

Dividends

IBHH vs. XHYE - Dividend Comparison

IBHH's dividend yield for the trailing twelve months is around 6.27%, more than XHYE's 5.79% yield.

Position	TTM	2025	2024	2023	2022
IBHH iShares iBonds 2028 Term High Yield and Income ETF	6.27%	6.39%	6.93%	6.65%	5.36%
XHYE BondBloxx US High Yield Energy Sector ETF	5.79%	6.55%	7.04%	6.46%	5.46%

Frequently Asked Questions

Can I hold both IBHH and XHYE in my portfolio?

IBHH and XHYE have a correlation of 0.39, 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 XHYE?

IBHH has higher volatility (0.77%) compared to XHYE (0.56%). In terms of maximum drawdown, IBHH dropped -12.05% vs XHYE's -8.87%.

Which ETF is better, IBHH or XHYE?

On 3-year performance, XHYE leads with 8.50% vs 8.48% for IBHH. Both ETFs have the same 0.35% expense ratio. On volatility, XHYE has been the lower-risk option at 0.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBHH or XHYE?

Over the 3-year period, XHYE has performed better with a 8.50% return vs 8.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBHH or XHYE?

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

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

IBHH has the higher dividend yield at 6.27%, compared with 5.79% for XHYE.

What is the main difference between IBHH and XHYE?

IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross, while XHYE tracks ICE Diversified US Cash Pay High Yield Energy Index. They also come from different issuers: iShares and BondBloxx.

Which has better risk-adjusted returns?

XHYE currently has the higher Sharpe Ratio (3.18 vs 2.35), 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.