IBHL vs. FSYD
IBHL (iShares iBonds 2032 Term High Yield and Income ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. IBHL is passively managed, while FSYD is actively managed. Over the past year, IBHL returned 6.07% vs 8.97% for FSYD. Their correlation of 0.86 suggests significant overlap in exposure. IBHL charges 0.35%/yr vs 0.55%/yr for FSYD.
Performance
IBHL vs. FSYD - Performance Comparison
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Returns By Period
In the year-to-date period, IBHL achieves a 1.17% return, which is significantly lower than FSYD's 3.38% return.
IBHL
- 1D
- 0.08%
- 1M
- 0.68%
- YTD
- 1.17%
- 6M
- 1.25%
- 1Y
- 6.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSYD
- 1D
- -0.02%
- 1M
- 0.45%
- YTD
- 3.38%
- 6M
- 3.32%
- 1Y
- 8.97%
- 3Y*
- 9.70%
- 5Y*
- —
- 10Y*
- —
IBHL vs. FSYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHL iShares iBonds 2032 Term High Yield and Income ETF | 1.17% | 8.46% |
FSYD Fidelity Sustainable High Yield ETF | 3.38% | 7.46% |
Correlation
The correlation between IBHL and FSYD is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025 | 0.86 |
The correlation between IBHL and FSYD has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.
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Return for Risk
IBHL vs. FSYD — Risk / Return Rank
IBHL
FSYD
IBHL vs. FSYD - 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 Fidelity Sustainable High Yield ETF (FSYD). 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.
| IBHL | FSYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.44 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.37 | -1.36 |
| Martin ratioReturn relative to average drawdown | 8.81 | 13.42 | -4.61 |
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Drawdowns
IBHL vs. FSYD - Drawdown Comparison
The maximum IBHL drawdown since its inception was -3.70%, smaller than the maximum FSYD drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for IBHL and FSYD.
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Drawdown Indicators
| IBHL | FSYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.70% | -12.11% | +8.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.67% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.49% | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.40% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -2.37% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.67% | +0.02% |
Volatility
IBHL vs. FSYD - Volatility Comparison
iShares iBonds 2032 Term High Yield and Income ETF (IBHL) has a higher volatility of 1.15% compared to Fidelity Sustainable High Yield ETF (FSYD) at 0.98%. This indicates that IBHL's price experiences larger fluctuations and is considered to be riskier than FSYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHL | FSYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.98% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 3.17% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.11% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 7.81% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 7.81% | -2.45% |
IBHL vs. FSYD - Expense Ratio Comparison
IBHL has a 0.35% expense ratio, which is lower than FSYD's 0.55% expense ratio.
Dividends
IBHL vs. FSYD - Dividend Comparison
IBHL's dividend yield for the trailing twelve months is around 6.28%, which matches FSYD's 6.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSYD Fidelity Sustainable High Yield ETF | 6.32% | 6.49% | 6.47% | 6.70% | 5.29% |
IBHL iShares iBonds 2032 Term High Yield and Income ETF | 6.28% | 4.90% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHL and FSYD have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBHL has higher volatility (1.15%) compared to FSYD (0.98%). In terms of maximum drawdown, IBHL dropped -3.70% vs FSYD's -12.11%.
On 1-year performance, FSYD leads with 8.97% vs 6.07% for IBHL. On fees, IBHL is cheaper at 0.35% per year. On volatility, FSYD has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FSYD has performed better with a 8.97% return vs 6.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHL is cheaper with a 0.35% expense ratio, compared with 0.55% for FSYD.
FSYD has the higher dividend yield at 6.32%, compared with 6.28% for IBHL.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.35% for IBHL and 0.55% for FSYD.
FSYD currently has the higher Sharpe Ratio (2.19 vs 1.48), 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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