IBHI vs. IBHE
IBHI (iShares iBonds 2029 Term High Yield and Income ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds from iShares - IBHI tracks the Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.
Performance
IBHI vs. IBHE - Performance Comparison
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Returns By Period
IBHI
- 1D
- -0.13%
- 1M
- 0.00%
- 6M
- 1.33%
- YTD
- 1.85%
- 1Y
- 5.38%
- 3Y*
- 8.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.09%
IBHE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.56M | $2.56M | $2.91M |
IBHI vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 1.85% | 7.88% | 8.33% | 14.21% | -8.52% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -1.47% |
Correlation
The correlation between IBHI and IBHE is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2022 | 0.62 |
The correlation between IBHI and IBHE shifts across timeframes, from -0.04 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBHI vs. IBHE — Risk / Return Rank
IBHI
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBHI vs. IBHE - 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 iShares iBonds 2025 Term High Yield & Income ETF (IBHE). 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 | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | — | — |
| Martin ratioReturn relative to average drawdown | 11.18 | — | — |
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Drawdowns
IBHI vs. IBHE - Drawdown Comparison
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Drawdown Indicators
| IBHI | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | — | — |
Average DrawdownAverage peak-to-trough decline | -2.75% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | — | — |
Volatility
IBHI vs. IBHE - Volatility Comparison
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Volatility by Period
| IBHI | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.85% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | — | — |
IBHI vs. IBHE - Expense Ratio Comparison
Both IBHI and IBHE have an expense ratio of 0.35%.
Dividends
IBHI vs. IBHE - Dividend Comparison
IBHI's dividend yield for the trailing twelve months is around 6.66%, while IBHE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 1.47% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% |
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 6.08% | 6.79% | 6.66% | 6.48% | 5.26% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHI and IBHE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBHI and IBHE have the same expense ratio: 0.35% per year.
IBHI has the higher dividend yield at 6.08%, compared with 1.47% for IBHE.
IBHI tracks Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index.
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