IBHJ vs. HYLB
IBHJ (iShares iBonds 2030 Term High Yield and Income ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - IBHJ tracks the Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross while HYLB tracks the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 3 years, IBHJ returned 9.02%/yr vs 8.96%/yr for HYLB. Their correlation of 0.91 suggests significant overlap in exposure. IBHJ charges 0.35%/yr vs 0.15%/yr for HYLB.
Performance
IBHJ vs. HYLB - Performance Comparison
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Returns By Period
In the year-to-date period, IBHJ achieves a 1.97% return, which is significantly higher than HYLB's 1.67% return.
IBHJ
- 1D
- -0.08%
- 1M
- 0.60%
- YTD
- 1.97%
- 6M
- 2.15%
- 1Y
- 6.70%
- 3Y*
- 9.02%
- 5Y*
- —
- 10Y*
- —
HYLB
- 1D
- -0.11%
- 1M
- 0.46%
- YTD
- 1.67%
- 6M
- 1.81%
- 1Y
- 6.11%
- 3Y*
- 8.96%
- 5Y*
- 3.93%
- 10Y*
- —
IBHJ vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 1.97% | 9.28% | 7.32% | 8.37% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.67% | 8.74% | 8.14% | 7.91% |
Correlation
The correlation between IBHJ and HYLB is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023 | 0.91 |
The correlation between IBHJ and HYLB has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
IBHJ vs. HYLB — Risk / Return Rank
IBHJ
HYLB
IBHJ vs. HYLB - 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 Xtrackers USD High Yield Corporate Bond ETF (HYLB). 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 | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.70 | +0.03 |
| Martin ratioReturn relative to average drawdown | 12.20 | 11.55 | +0.65 |
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Drawdowns
IBHJ vs. HYLB - Drawdown Comparison
The maximum IBHJ drawdown since its inception was -4.93%, smaller than the maximum HYLB drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for IBHJ and HYLB.
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Drawdown Indicators
| IBHJ | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.93% | -22.91% | +17.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.27% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -4.93% | -4.51% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.54% | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.22% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -2.42% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.53% | +0.02% |
Volatility
IBHJ vs. HYLB - Volatility Comparison
iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) has a higher volatility of 1.18% compared to Xtrackers USD High Yield Corporate Bond ETF (HYLB) at 1.06%. This indicates that IBHJ's price experiences larger fluctuations and is considered to be riskier than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHJ | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.06% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 3.02% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 3.77% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 7.48% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 8.16% | -2.24% |
IBHJ vs. HYLB - Expense Ratio Comparison
IBHJ has a 0.35% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
IBHJ vs. HYLB - Dividend Comparison
IBHJ's dividend yield for the trailing twelve months is around 6.65%, more than HYLB's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.48% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% |
IBHJ iShares iBonds 2030 Term High Yield and Income ETF | 6.65% | 6.64% | 6.87% | 3.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, IBHJ and HYLB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBHJ has higher volatility (1.18%) compared to HYLB (1.06%). In terms of maximum drawdown, IBHJ dropped -4.93% vs HYLB's -22.91%.
On 3-year performance, IBHJ leads with 9.02% vs 8.96% for HYLB. On fees, HYLB is cheaper at 0.15% per year. On volatility, HYLB has been the lower-risk option at 1.06%. 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 9.02% return vs 8.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.35% for IBHJ.
IBHJ has the higher dividend yield at 6.65%, compared with 6.48% for HYLB.
IBHJ tracks Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. They also come from different issuers: iShares and DWS. Their fees differ too: 0.35% for IBHJ and 0.15% for HYLB.
HYLB currently has the higher Sharpe Ratio (1.63 vs 1.62), 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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