IBHJ vs. BIV
IBHJ (iShares iBonds 2030 Term High Yield and Income ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both exchange-traded funds - IBHJ is a High Yield Bonds fund tracking the Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross, while BIV is a Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. Both are passively managed. Over the past year, IBHJ returned 7.29% vs 4.80% for BIV. A 0.59 correlation means they provide meaningful diversification when combined. IBHJ charges 0.35%/yr vs 0.03%/yr for BIV.
Performance
IBHJ vs. BIV - Performance Comparison
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Returns By Period
In the year-to-date period, IBHJ achieves a 1.50% return, which is significantly higher than BIV's -0.24% return.
IBHJ
- 1D
- -0.34%
- 1M
- 0.50%
- YTD
- 1.50%
- 6M
- 2.06%
- 1Y
- 7.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIV
- 1D
- -0.22%
- 1M
- 0.04%
- YTD
- -0.24%
- 6M
- -0.48%
- 1Y
- 4.80%
- 3Y*
- 4.27%
- 5Y*
- 0.25%
- 10Y*
- 1.91%
IBHJ vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 1.50% | 9.28% | 7.32% | 8.37% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.24% | 8.52% | 1.57% | 3.29% |
Correlation
The correlation between IBHJ and BIV is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.59 |
The correlation between IBHJ and BIV has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
IBHJ vs. BIV — Risk / Return Rank
IBHJ
BIV
IBHJ vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| IBHJ | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.52 | +1.46 |
| Martin ratioReturn relative to average drawdown | 13.41 | 4.60 | +8.81 |
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
| IBHJ | BIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.19 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.53 | 0.65 | +0.88 |
Drawdowns
IBHJ vs. BIV - Drawdown Comparison
The maximum IBHJ drawdown since its inception was -4.93%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for IBHJ and BIV.
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Drawdown Indicators
| IBHJ | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.93% | -18.95% | +14.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.18% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.95% | — |
Current DrawdownCurrent decline from peak | -0.39% | -2.04% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -3.39% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 1.05% | -0.51% |
Volatility
IBHJ vs. BIV - Volatility Comparison
The current volatility for iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) is 1.09%, while Vanguard Intermediate-Term Bond Index ETF (BIV) has a volatility of 1.36%. This indicates that IBHJ experiences smaller price fluctuations and is considered to be less risky than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHJ | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.36% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 2.90% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 4.06% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 6.40% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 5.50% | +0.45% |
IBHJ vs. BIV - Expense Ratio Comparison
IBHJ has a 0.35% expense ratio, which is higher than BIV's 0.03% expense ratio.
Dividends
IBHJ vs. BIV - Dividend Comparison
IBHJ's dividend yield for the trailing twelve months is around 6.68%, more than BIV's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.22% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 6.68% | 6.64% | 6.87% | 3.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHJ and BIV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIV has higher volatility (1.36%) compared to IBHJ (1.09%). In terms of maximum drawdown, IBHJ dropped -4.93% vs BIV's -18.95%.
On 1-year performance, IBHJ leads with 7.29% vs 4.80% for BIV. On fees, BIV is cheaper at 0.03% per year. On volatility, IBHJ has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBHJ has performed better with a 7.29% return vs 4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIV is cheaper with a 0.03% expense ratio, compared with 0.35% for IBHJ.
IBHJ has the higher dividend yield at 6.68%, compared with 4.22% for BIV.
IBHJ is categorized as High Yield Bonds, while BIV is Intermediate Core Bond. IBHJ tracks Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross, while BIV tracks Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for IBHJ and 0.03% for BIV.
IBHJ currently has the higher Sharpe Ratio (1.80 vs 1.19), 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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