IBHL vs. ESHY

Last updated Apr 2, 2026

Compare and contrast key facts about iShares iBonds 2032 Term High Yield and Income ETF (IBHL) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY).

IBHL and ESHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHL is a passively managed fund by iShares that tracks the performance of the Bloomberg 2032 Term High Yield and Income Index. It was launched on Mar 25, 2025. ESHY is a passively managed fund by Deutsche Bank that tracks the performance of the JPMorgan ESG DM Corporate High Yield USD Index. It was launched on Mar 3, 2015. Both IBHL and ESHY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBHL vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2032 Term High Yield and Income ETF (IBHL) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

IBHL vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
IBHL iShares iBonds 2032 Term High Yield and Income ETF	-1.21%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Returns By Period

IBHL

• 1D: 0.26%
• 1M: -1.18%
• YTD: -0.63%
• 6M: 0.92%
• 1Y: 7.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBHL vs. ESHY - Expense Ratio Comparison

IBHL has a 0.35% expense ratio, which is higher than ESHY's 0.20% expense ratio.

IBHL

iShares iBonds 2032 Term High Yield and Income ETF

ESHY

Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF

Return for Risk

IBHL vs. ESHY — Risk / Return Rank

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

IBHL

IBHL Risk / Return Rank: 74
IBHL Sharpe Ratio Rank: 73
IBHL Sortino Ratio Rank: 75
IBHL Omega Ratio Rank: 76
IBHL Calmar Ratio Rank: 71
IBHL Martin Ratio Rank: 76

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.

IBHL vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2032 Term High Yield and Income ETF (IBHL) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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.

	IBHL	ESHY	Difference
Sharpe ratio Return per unit of total volatility	1.39	—	—
Sortino ratio Return per unit of downside risk	2.04	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	2.14	—	—
Martin ratio Return relative to average drawdown	9.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBHL	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	—	—

Dividends

IBHL vs. ESHY - Dividend Comparison

IBHL's dividend yield for the trailing twelve months is around 6.50%, while ESHY has not paid dividends to shareholders.

	TTM	2025
IBHL iShares iBonds 2032 Term High Yield and Income ETF	6.50%	4.90%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%

Drawdowns

IBHL vs. ESHY - Drawdown Comparison

The maximum IBHL drawdown since its inception was -3.70%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IBHL and ESHY.

Drawdown Indicators

	IBHL	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-3.70%	0.00%	-3.70%
Max Drawdown (1Y) Largest decline over 1 year	-3.70%	—	—
Current Drawdown Current decline from peak	-1.57%	0.00%	-1.57%
Average Drawdown Average peak-to-trough decline	-0.46%	0.00%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	—	—

Volatility

Volatility by Period

	IBHL	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.57%	0.00%	+5.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.55%	0.00%	+5.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.55%	0.00%	+5.55%