IBHI vs. VTEB
IBHI (iShares iBonds 2029 Term High Yield and Income ETF) and VTEB (Vanguard Tax-Exempt Bond 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 VTEB is a Municipal Bonds fund tracking the S&P National AMT-Free Municipal Bond Index. Both are passively managed. Over the past 3 years, IBHI returned 8.77%/yr vs 3.44%/yr for VTEB. At a 0.45 correlation, their price movements are largely independent. IBHI charges 0.35%/yr vs 0.03%/yr for VTEB.
Performance
IBHI vs. VTEB - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with IBHI having a 1.47% return and VTEB slightly lower at 1.44%.
IBHI
- 1D
- 0.13%
- 1M
- 0.67%
- YTD
- 1.47%
- 6M
- 2.17%
- 1Y
- 6.95%
- 3Y*
- 8.77%
- 5Y*
- —
- 10Y*
- —
VTEB
- 1D
- -0.08%
- 1M
- 1.22%
- YTD
- 1.44%
- 6M
- 1.95%
- 1Y
- 6.57%
- 3Y*
- 3.44%
- 5Y*
- 0.80%
- 10Y*
- 2.03%
IBHI vs. VTEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 1.47% | 7.88% | 8.33% | 14.21% | -8.52% |
VTEB Vanguard Tax-Exempt Bond ETF | 1.44% | 3.72% | 1.31% | 6.15% | -4.39% |
Correlation
The correlation between IBHI and VTEB is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2022 | 0.45 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBHI vs. VTEB — Risk / Return Rank
IBHI
VTEB
IBHI vs. VTEB - 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 Vanguard Tax-Exempt Bond ETF (VTEB). 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 | VTEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.51 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.35 | +0.87 |
| Martin ratioReturn relative to average drawdown | 14.06 | 8.30 | +5.76 |
Loading charts...
Drawdowns
IBHI vs. VTEB - Drawdown Comparison
The maximum IBHI drawdown since its inception was -13.65%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for IBHI and VTEB.
Loading charts...
Drawdown Indicators
| IBHI | VTEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -17.00% | +3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -2.71% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.73% | -5.53% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.00% | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.54% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -2.32% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.77% | -0.29% |
Volatility
IBHI vs. VTEB - Volatility Comparison
iShares iBonds 2029 Term High Yield and Income ETF (IBHI) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 0.97% and 0.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBHI | VTEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.93% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.04% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 2.70% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.96% | 3.90% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.96% | 5.26% | +2.70% |
IBHI vs. VTEB - Expense Ratio Comparison
IBHI has a 0.35% expense ratio, which is higher than VTEB's 0.03% expense ratio.
Dividends
IBHI vs. VTEB - Dividend Comparison
IBHI's dividend yield for the trailing twelve months is around 6.70%, more than VTEB's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHI iShares iBonds 2029 Term High Yield and Income ETF | 6.70% | 6.79% | 6.66% | 6.48% | 5.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.36% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
Frequently Asked Questions
IBHI and VTEB have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBHI has higher volatility (0.97%) compared to VTEB (0.93%). In terms of maximum drawdown, IBHI dropped -13.65% vs VTEB's -17.00%.
On 3-year performance, IBHI leads with 8.77% vs 3.44% for VTEB. On fees, VTEB is cheaper at 0.03% per year. Their volatility is very similar. 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 8.77% return vs 3.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTEB is cheaper with a 0.03% expense ratio, compared with 0.35% for IBHI.
IBHI has the higher dividend yield at 6.70%, compared with 3.36% for VTEB.
IBHI is categorized as High Yield Bonds, while VTEB is Municipal Bonds. IBHI tracks Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross, while VTEB tracks S&P National AMT-Free Municipal Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for IBHI and 0.03% for VTEB.
VTEB currently has the higher Sharpe Ratio (2.38 vs 1.78), 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.
Find the right allocation for IBHI and VTEB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer