IBHI vs. FDVV
IBHI (iShares iBonds 2029 Term High Yield and Income ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - IBHI is a High Yield Bonds fund tracking the Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. Both are passively managed. Over the past 3 years, IBHI returned 8.77%/yr vs 19.43%/yr for FDVV. A 0.64 correlation means they provide meaningful diversification when combined. IBHI charges 0.35%/yr vs 0.29%/yr for FDVV.
Performance
IBHI vs. FDVV - Performance Comparison
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Returns By Period
In the year-to-date period, IBHI achieves a 1.69% return, which is significantly lower than FDVV's 9.83% return.
IBHI
- 1D
- 0.21%
- 1M
- 0.88%
- YTD
- 1.69%
- 6M
- 2.26%
- 1Y
- 7.17%
- 3Y*
- 8.77%
- 5Y*
- —
- 10Y*
- —
FDVV
- 1D
- 0.49%
- 1M
- 4.24%
- YTD
- 9.83%
- 6M
- 10.02%
- 1Y
- 24.53%
- 3Y*
- 19.43%
- 5Y*
- 13.83%
- 10Y*
- —
IBHI vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 1.69% | 7.88% | 8.33% | 14.21% | -8.52% |
FDVV Fidelity High Dividend ETF | 9.83% | 17.08% | 21.81% | 18.00% | -3.01% |
Correlation
The correlation between IBHI and FDVV is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2022 | 0.64 |
The correlation between IBHI and FDVV has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
IBHI vs. FDVV — Risk / Return Rank
IBHI
FDVV
IBHI vs. FDVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) and Fidelity High Dividend ETF (FDVV). 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.
| IBHI | FDVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.45 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 2.65 | +0.76 |
| Martin ratioReturn relative to average drawdown | 14.91 | 10.98 | +3.93 |
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Drawdowns
IBHI vs. FDVV - Drawdown Comparison
The maximum IBHI drawdown since its inception was -13.65%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for IBHI and FDVV.
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Drawdown Indicators
| IBHI | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -40.25% | +26.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -9.30% | +7.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | -15.90% | +10.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.18% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.82% | -3.80% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 2.24% | -1.76% |
Volatility
IBHI vs. FDVV - Volatility Comparison
The current volatility for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) is 0.97%, while Fidelity High Dividend ETF (FDVV) has a volatility of 3.08%. This indicates that IBHI experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHI | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 3.08% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 8.17% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 10.07% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.95% | 14.77% | -6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.95% | 16.98% | -9.03% |
IBHI vs. FDVV - Expense Ratio Comparison
IBHI has a 0.35% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Dividends
IBHI vs. FDVV - Dividend Comparison
IBHI's dividend yield for the trailing twelve months is around 6.68%, more than FDVV's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 2.68% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% |
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 6.68% | 6.79% | 6.66% | 6.48% | 5.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHI and FDVV have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDVV has higher volatility (3.08%) compared to IBHI (0.97%). In terms of maximum drawdown, IBHI dropped -13.65% vs FDVV's -40.25%.
On 3-year performance, FDVV leads with 19.43% vs 8.77% for IBHI. On fees, FDVV is cheaper at 0.29% per year. On volatility, IBHI has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FDVV has performed better with a 19.43% return vs 8.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDVV is cheaper with a 0.29% expense ratio, compared with 0.35% for IBHI.
IBHI has the higher dividend yield at 6.68%, compared with 2.68% for FDVV.
IBHI is categorized as High Yield Bonds, while FDVV is Large Cap Blend Equities. IBHI tracks Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross, while FDVV tracks Fidelity Core Dividend Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.35% for IBHI and 0.29% for FDVV.
FDVV currently has the higher Sharpe Ratio (2.45 vs 1.89), 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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