IBHJ vs. BLV
IBHJ (iShares iBonds 2030 Term High Yield and Income ETF) and BLV (Vanguard Long-Term Bond 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 BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index. Both are passively managed. Over the past 3 years, IBHJ returned 8.61%/yr vs 2.08%/yr for BLV. Their 0.58 correlation means they have sometimes moved together and sometimes differently. IBHJ charges 0.35%/yr vs 0.03%/yr for BLV.
Performance
IBHJ vs. BLV - Performance Comparison
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Returns By Period
In the year-to-date period, IBHJ achieves a 2.40% return, which is significantly higher than BLV's -2.38% return.
IBHJ
- 1D
- 0.10%
- 1M
- -0.01%
- 6M
- 1.61%
- YTD
- 2.40%
- 1Y
- 6.35%
- 3Y*
- 8.61%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.83%
BLV
- 1D
- 0.44%
- 1M
- -3.14%
- 6M
- -2.34%
- YTD
- -2.38%
- 1Y
- -0.29%
- 3Y*
- 2.08%
- 5Y*
- -5.11%
- 10Y*
- 0.32%
- ALL TIME*
- 4.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $51.99M | $52.76M | $45.16M | |
| $1.04M | $934.46K | $727.25K |
IBHJ vs. BLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 2.40% | 9.28% | 7.32% | 8.37% |
BLV Vanguard Long-Term Bond ETF | -2.38% | 6.44% | -3.65% | 2.93% |
Correlation
The correlation between IBHJ and BLV is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.58 |
The correlation between IBHJ and BLV has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.
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Return for Risk
IBHJ vs. BLV — Risk / Return Rank
IBHJ
BLV
IBHJ vs. BLV - 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 Long-Term Bond ETF (BLV). 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.
| IBHJ | BLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.00 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | -0.05 | +2.65 |
| Martin ratioReturn relative to average drawdown | 11.25 | -0.11 | +11.36 |
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Drawdowns
IBHJ vs. BLV - Drawdown Comparison
The maximum IBHJ drawdown since its inception was -4.93%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for IBHJ and BLV.
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Drawdown Indicators
| IBHJ | BLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.93% | -38.29% | +33.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -5.92% | +3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -11.70% | +6.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.29% | — |
Current DrawdownCurrent decline from peak | -0.35% | -26.16% | +25.81% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -9.64% | +9.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.66% | -2.09% |
Volatility
IBHJ vs. BLV - Volatility Comparison
The current volatility for iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) is 0.77%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 2.19%. This indicates that IBHJ experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHJ | BLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 2.19% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.35% | 5.97% | -2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 7.77% | -3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 12.91% | -7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 11.95% | -6.12% |
IBHJ vs. BLV - Expense Ratio Comparison
IBHJ has a 0.35% expense ratio, which is higher than BLV's 0.03% expense ratio.
Dividends
IBHJ vs. BLV - Dividend Comparison
IBHJ's dividend yield for the trailing twelve months is around 6.69%, more than BLV's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.97% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 6.69% | 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 BLV have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLV has higher volatility (2.19%) compared to IBHJ (0.77%). In terms of maximum drawdown, IBHJ dropped -4.93% vs BLV's -38.29%.
On 3-year performance, IBHJ leads with 8.61% vs 2.08% for BLV. On fees, BLV is cheaper at 0.03% per year. On volatility, IBHJ has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBHJ has performed better with a 8.61% return vs 2.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLV is cheaper with a 0.03% expense ratio, compared with 0.35% for IBHJ.
IBHJ has the higher dividend yield at 6.69%, compared with 4.97% for BLV.
IBHJ is categorized as High Yield Bonds, while BLV is Long-Term Bond. IBHJ tracks Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross, while BLV tracks Bloomberg U.S. Long Government/Credit Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for IBHJ and 0.03% for BLV.
IBHJ currently has the higher Sharpe Ratio (1.54 vs -0.04), 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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