IBHJ vs. IBHE
IBHJ (iShares iBonds 2030 Term High Yield and Income ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds from iShares - IBHJ tracks the Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. Over the past year, IBHJ returned 7.29% vs 2.31% for IBHE. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.
Performance
IBHJ vs. IBHE - Performance Comparison
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Returns By Period
IBHJ
- 1D
- -0.34%
- 1M
- 0.50%
- YTD
- 1.50%
- 6M
- 2.06%
- 1Y
- 7.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.09%
- 1Y
- 2.31%
- 3Y*
- 6.07%
- 5Y*
- 3.89%
- 10Y*
- —
IBHJ vs. IBHE - 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% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 5.70% |
Correlation
The correlation between IBHJ and IBHE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.48 |
Over the past year, the correlation between IBHJ and IBHE has dropped to 0.05 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
IBHJ vs. IBHE — Risk / Return Rank
IBHJ
IBHE
IBHJ vs. IBHE - 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 iShares iBonds 2025 Term High Yield & Income ETF (IBHE). 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 | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.68 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 2.19 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 12.78 | -9.80 |
| Martin ratioReturn relative to average drawdown | 13.41 | 63.40 | -49.99 |
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 | IBHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 3.51 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.53 | 0.41 | +1.12 |
Drawdowns
IBHJ vs. IBHE - Drawdown Comparison
The maximum IBHJ drawdown since its inception was -4.93%, smaller than the maximum IBHE drawdown of -26.91%. Use the drawdown chart below to compare losses from any high point for IBHJ and IBHE.
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Drawdown Indicators
| IBHJ | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.93% | -26.91% | +21.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -0.22% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.51% | — |
Current DrawdownCurrent decline from peak | -0.39% | 0.00% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -0.62% | -1.42% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.05% | +0.49% |
Volatility
IBHJ vs. IBHE - Volatility Comparison
iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) has a higher volatility of 1.09% compared to iShares iBonds 2025 Term High Yield & Income ETF (IBHE) at 0.00%. This indicates that IBHJ's price experiences larger fluctuations and is considered to be riskier than IBHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHJ | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.00% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 0.39% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 0.78% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.95% | 4.87% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.95% | 11.53% | -5.58% |
IBHJ vs. IBHE - Expense Ratio Comparison
Both IBHJ and IBHE have an expense ratio of 0.35%.
Dividends
IBHJ vs. IBHE - Dividend Comparison
IBHJ's dividend yield for the trailing twelve months is around 6.68%, more than IBHE's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 2.29% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% |
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% |
Frequently Asked Questions
IBHJ and IBHE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBHJ has higher volatility (1.09%) compared to IBHE (0.00%). In terms of maximum drawdown, IBHJ dropped -4.93% vs IBHE's -26.91%.
On 1-year performance, IBHJ leads with 7.29% vs 2.31% for IBHE. Both ETFs have the same 0.35% expense ratio. On volatility, IBHE has been the lower-risk option at 0.00%. 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 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHJ and IBHE have the same expense ratio: 0.35% per year.
IBHJ has the higher dividend yield at 6.68%, compared with 2.29% for IBHE.
IBHJ tracks Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index.
IBHE currently has the higher Sharpe Ratio (3.51 vs 1.80), 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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