IBHI vs. HYLB
IBHI (iShares iBonds 2029 Term High Yield and Income ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHI tracks the Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross while HYLB tracks the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 3 years, IBHI returned 9.00%/yr vs 8.79%/yr for HYLB. Their correlation of 0.88 suggests significant overlap in exposure. IBHI charges 0.35%/yr vs 0.15%/yr for HYLB.
Performance
IBHI vs. HYLB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IBHI having a 1.61% return and HYLB slightly higher at 1.65%.
IBHI
- 1D
- 0.09%
- 1M
- 0.50%
- YTD
- 1.61%
- 6M
- 2.21%
- 1Y
- 6.99%
- 3Y*
- 9.00%
- 5Y*
- —
- 10Y*
- —
HYLB
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.65%
- 6M
- 2.09%
- 1Y
- 6.78%
- 3Y*
- 8.79%
- 5Y*
- 4.06%
- 10Y*
- —
IBHI vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 1.61% | 7.88% | 8.33% | 14.21% | -8.52% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.65% | 8.74% | 8.14% | 12.03% | -5.53% |
Correlation
The correlation between IBHI and HYLB is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2022 | 0.88 |
The correlation between IBHI and HYLB has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
IBHI vs. HYLB — Risk / Return Rank
IBHI
HYLB
IBHI vs. HYLB - 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 Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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.
| IBHI | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.00 | +0.33 |
| Martin ratioReturn relative to average drawdown | 14.61 | 12.90 | +1.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBHI | HYLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.84 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.58 | +0.08 |
Drawdowns
IBHI vs. HYLB - Drawdown Comparison
The maximum IBHI drawdown since its inception was -13.65%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for IBHI and HYLB.
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Drawdown Indicators
| IBHI | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -22.91% | +9.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -2.27% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | -4.51% | -1.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.09% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -2.43% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.53% | -0.05% |
Volatility
IBHI vs. HYLB - Volatility Comparison
The current volatility for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) is 0.92%, while Xtrackers USD High Yield Corporate Bond ETF (HYLB) has a volatility of 1.19%. This indicates that IBHI experiences smaller price fluctuations and is considered to be less risky than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHI | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.19% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.92% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.81% | 3.70% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 7.47% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.98% | 8.18% | -0.20% |
IBHI vs. HYLB - Expense Ratio Comparison
IBHI has a 0.35% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
IBHI vs. HYLB - Dividend Comparison
IBHI's dividend yield for the trailing twelve months is around 6.69%, more than HYLB's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.48% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 6.69% | 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 HYLB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HYLB has higher volatility (1.19%) compared to IBHI (0.92%). In terms of maximum drawdown, IBHI dropped -13.65% vs HYLB's -22.91%.
On 3-year performance, IBHI leads with 9.00% vs 8.79% for HYLB. On fees, HYLB is cheaper at 0.15% per year. On volatility, IBHI has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBHI has performed better with a 9.00% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.35% for IBHI.
IBHI has the higher dividend yield at 6.69%, compared with 6.48% for HYLB.
IBHI tracks Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: iShares and DWS. Their fees differ too: 0.35% for IBHI and 0.15% for HYLB.
IBHI currently has the higher Sharpe Ratio (1.85 vs 1.84), 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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