IBHJ vs. IBHI

Last updated Jun 4, 2026

IBHJ (iShares iBonds 2030 Term High Yield and Income ETF) and IBHI (iShares iBonds 2029 Term High Yield and 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 IBHI tracks the Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past year, IBHJ returned 7.29% vs 7.22% for IBHI. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.35% expense ratio.

Performance

IBHJ vs. IBHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) and iShares iBonds 2029 Term High Yield and Income ETF (IBHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IBHJ having a 1.50% return and IBHI slightly higher at 1.52%.

IBHJ

• 1D: -0.34%
• 1M: 0.50%
• YTD: 1.50%
• 6M: 2.06%
• 1Y: 7.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHI

• 1D: -0.17%
• 1M: 0.52%
• YTD: 1.52%
• 6M: 2.12%
• 1Y: 7.22%
• 3Y*: 8.88%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBHJ vs. IBHI - 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%
IBHI iShares iBonds 2029 Term High Yield and Income ETF	1.52%	7.88%	8.33%	9.55%

Correlation

The correlation between IBHJ and IBHI is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.83

The correlation between IBHJ and IBHI has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.

Return for Risk

IBHJ vs. IBHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBHJ

IBHJ Risk / Return Rank: 59
IBHJ Sharpe Ratio Rank: 52
IBHJ Sortino Ratio Rank: 56
IBHJ Omega Ratio Rank: 56
IBHJ Calmar Ratio Rank: 61
IBHJ Martin Ratio Rank: 72

IBHI

IBHI Risk / Return Rank: 64
IBHI Sharpe Ratio Rank: 56
IBHI Sortino Ratio Rank: 62
IBHI Omega Ratio Rank: 58
IBHI Calmar Ratio Rank: 69
IBHI Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBHJ vs. IBHI - 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 2029 Term High Yield and Income ETF (IBHI). 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	IBHI	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.90	-0.11
Sortino ratio: Return per unit of downside risk	2.65	2.94	-0.28
Omega ratio: Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio: Return relative to maximum drawdown	2.98	3.44	-0.46
Martin ratio: Return relative to average drawdown	13.41	15.08	-1.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBHJ vs. IBHI - Sharpe Ratio Comparison

The current IBHJ Sharpe Ratio is 1.80, which is comparable to the IBHI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of IBHJ and IBHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IBHJ	IBHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	1.90	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	0.66	+0.87

Drawdowns

IBHJ vs. IBHI - Drawdown Comparison

The maximum IBHJ drawdown since its inception was -4.93%, smaller than the maximum IBHI drawdown of -13.65%. Use the drawdown chart below to compare losses from any high point for IBHJ and IBHI.

Drawdown Indicators

	IBHJ	IBHI	Difference
Max Drawdown Largest peak-to-trough decline	-4.93%	-13.65%	+8.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-2.11%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.73%	—
Current Drawdown Current decline from peak	-0.39%	-0.17%	-0.22%
Average Drawdown Average peak-to-trough decline	-0.62%	-2.85%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	0.48%	+0.06%

Volatility

IBHJ vs. IBHI - Volatility Comparison

iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) has a higher volatility of 1.09% compared to iShares iBonds 2029 Term High Yield and Income ETF (IBHI) at 0.92%. This indicates that IBHJ's price experiences larger fluctuations and is considered to be riskier than IBHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBHJ	IBHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	0.92%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	3.20%	2.77%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	4.07%	3.81%	+0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.95%	7.98%	-2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.95%	7.98%	-2.03%

IBHJ vs. IBHI - Expense Ratio Comparison

Both IBHJ and IBHI have an expense ratio of 0.35%.

Dividends

IBHJ vs. IBHI - Dividend Comparison

IBHJ's dividend yield for the trailing twelve months is around 6.68%, which matches IBHI's 6.69% yield.

Position	TTM	2025	2024	2023	2022
IBHI iShares iBonds 2029 Term High Yield and Income ETF	6.69%	6.79%	6.66%	6.48%	5.26%
IBHJ iShares iBonds 2030 Term High Yield and Income ETF	6.68%	6.64%	6.87%	3.66%	0.00%

Frequently Asked Questions

Can I hold both IBHJ and IBHI in my portfolio?

IBHJ and IBHI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBHJ or IBHI?

IBHJ has higher volatility (1.09%) compared to IBHI (0.92%). In terms of maximum drawdown, IBHJ dropped -4.93% vs IBHI's -13.65%.

Which ETF is better, IBHJ or IBHI?

On 1-year performance, IBHJ leads with 7.29% vs 7.22% for IBHI. Both ETFs have the same 0.35% expense ratio. On volatility, IBHI has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IBHJ or IBHI?

Over the 1-year period, IBHJ has performed better with a 7.29% return vs 7.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBHJ or IBHI?

IBHJ and IBHI have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, IBHJ or IBHI?

IBHI has the higher dividend yield at 6.69%, compared with 6.68% for IBHJ.

What is the main difference between IBHJ and IBHI?

IBHJ tracks Bloomberg 2030 Term High Yield and Income Index - Benchmark TR Gross, while IBHI tracks Bloomberg 2029 Term High Yield and Income Index - Benchmark TR Gross.

Which has better risk-adjusted returns?

IBHI currently has the higher Sharpe Ratio (1.90 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.