IBHI vs. IBHJ

Last updated Jun 23, 2026

IBHI (iShares iBonds 2029 Term High Yield and Income ETF) and IBHJ (iShares iBonds 2030 Term High Yield and 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 IBHJ tracks the Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, IBHI returned 9.23%/yr vs 9.05%/yr for IBHJ. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

IBHI vs. IBHJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2029 Term High Yield and Income ETF (IBHI) and iShares iBonds 2030 Term High Yield and Income ETF (IBHJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBHI achieves a 1.80% return, which is significantly lower than IBHJ's 2.05% return.

IBHI

• 1D: 0.06%
• 1M: 0.60%
• YTD: 1.80%
• 6M: 1.93%
• 1Y: 6.83%
• 3Y*: 9.23%
• 5Y*: —
• 10Y*: —

IBHJ

• 1D: 0.04%
• 1M: 0.68%
• YTD: 2.05%
• 6M: 2.27%
• 1Y: 7.00%
• 3Y*: 9.05%
• 5Y*: —
• 10Y*: —

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

IBHI vs. IBHJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBHI iShares iBonds 2029 Term High Yield and Income ETF	1.80%	7.88%	8.33%	9.15%
IBHJ iShares iBonds 2030 Term High Yield and Income ETF	2.05%	9.28%	7.32%	8.37%

Correlation

The correlation between IBHI and IBHJ is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023	0.83

The correlation between IBHI and IBHJ has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

Return for Risk

IBHI vs. IBHJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBHI

IBHI Risk / Return Rank: 63
IBHI Sharpe Ratio Rank: 55
IBHI Sortino Ratio Rank: 61
IBHI Omega Ratio Rank: 57
IBHI Calmar Ratio Rank: 67
IBHI Martin Ratio Rank: 77

IBHJ

IBHJ Risk / Return Rank: 57
IBHJ Sharpe Ratio Rank: 50
IBHJ Sortino Ratio Rank: 53
IBHJ Omega Ratio Rank: 53
IBHJ Calmar Ratio Rank: 60
IBHJ Martin Ratio Rank: 70

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.

IBHI vs. IBHJ - 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 2030 Term High Yield and Income ETF (IBHJ). 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	IBHJ	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.69	+0.12
Sortino ratio: Return per unit of downside risk	2.78	2.48	+0.31
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	3.25	2.86	+0.39
Martin ratio: Return relative to average drawdown	14.21	12.76	+1.46

IBHI vs. IBHJ - Sharpe Ratio Comparison

The current IBHI Sharpe Ratio is 1.81, which is comparable to the IBHJ Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of IBHI and IBHJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBHI vs. IBHJ - Drawdown Comparison

The maximum IBHI drawdown since its inception was -13.65%, which is greater than IBHJ's maximum drawdown of -4.93%. Use the drawdown chart below to compare losses from any high point for IBHI and IBHJ.

Drawdown Indicators

	IBHI	IBHJ	Difference
Max Drawdown Largest peak-to-trough decline	-13.65%	-4.93%	-8.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.11%	-2.46%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-5.73%	-4.93%	-0.80%
Current Drawdown Current decline from peak	0.00%	-0.15%	+0.15%
Average Drawdown Average peak-to-trough decline	-2.81%	-0.62%	-2.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.55%	-0.07%

Volatility

IBHI vs. IBHJ - Volatility Comparison

The current volatility for iShares iBonds 2029 Term High Yield and Income ETF (IBHI) is 0.75%, while iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) has a volatility of 1.17%. This indicates that IBHI experiences smaller price fluctuations and is considered to be less risky than IBHJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBHI	IBHJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.75%	1.17%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	3.30%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	4.17%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.94%	5.92%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.94%	5.92%	+2.02%

IBHI vs. IBHJ - Expense Ratio Comparison

Both IBHI and IBHJ have an expense ratio of 0.35%.

Dividends

IBHI vs. IBHJ - Dividend Comparison

IBHI's dividend yield for the trailing twelve months is around 6.67%, which matches IBHJ's 6.65% yield.

Position	TTM	2025	2024	2023	2022
IBHI iShares iBonds 2029 Term High Yield and Income ETF	6.67%	6.79%	6.66%	6.48%	5.26%
IBHJ iShares iBonds 2030 Term High Yield and Income ETF	6.65%	6.64%	6.87%	3.66%	0.00%

Frequently Asked Questions

Can I hold both IBHI and IBHJ in my portfolio?

IBHI and IBHJ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBHI or IBHJ?

IBHJ has higher volatility (1.17%) compared to IBHI (0.75%). In terms of maximum drawdown, IBHI dropped -13.65% vs IBHJ's -4.93%.

Which ETF is better, IBHI or IBHJ?

On 3-year performance, IBHI leads with 9.23% vs 9.05% for IBHJ. Both ETFs have the same 0.35% expense ratio. On volatility, IBHI has been the lower-risk option at 0.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBHI or IBHJ?

Over the 3-year period, IBHI has performed better with a 9.23% return vs 9.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBHI or IBHJ?

IBHI and IBHJ have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, IBHI or IBHJ?

IBHI has the higher dividend yield at 6.67%, compared with 6.65% for IBHJ.

What is the main difference between IBHI and IBHJ?

IBHI tracks Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross, while IBHJ tracks Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross.

Which has better risk-adjusted returns?

IBHI currently has the higher Sharpe Ratio (1.81 vs 1.69), 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.