IBHL vs. YLD
Compare and contrast key facts about iShares iBonds 2032 Term High Yield and Income ETF (IBHL) and Principal Active High Yield ETF (YLD).
IBHL and YLD 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. YLD is an actively managed fund by Principal. It was launched on Jul 9, 2015.
Performance
IBHL vs. YLD - Performance Comparison
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IBHL vs. YLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBHL iShares iBonds 2032 Term High Yield and Income ETF | -0.88% | 8.46% |
YLD Principal Active High Yield ETF | 0.96% | 5.54% |
Returns By Period
In the year-to-date period, IBHL achieves a -0.88% return, which is significantly lower than YLD's 0.96% return.
IBHL
- 1D
- 1.09%
- 1M
- -1.60%
- YTD
- -0.88%
- 6M
- 0.91%
- 1Y
- 7.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YLD
- 1D
- 1.17%
- 1M
- -0.31%
- YTD
- 0.96%
- 6M
- 1.18%
- 1Y
- 6.99%
- 3Y*
- 8.54%
- 5Y*
- 4.95%
- 10Y*
- 5.97%
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IBHL vs. YLD - Expense Ratio Comparison
IBHL has a 0.35% expense ratio, which is lower than YLD's 0.39% expense ratio.
Return for Risk
IBHL vs. YLD — Risk / Return Rank
IBHL
YLD
IBHL vs. YLD - 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 Principal Active High Yield ETF (YLD). 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 | YLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.08 | +0.30 |
Sortino ratioReturn per unit of downside risk | 2.02 | 1.60 | +0.43 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.56 | +0.54 |
Martin ratioReturn relative to average drawdown | 9.10 | 8.21 | +0.89 |
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
| IBHL | YLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.08 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.63 | +0.71 |
Correlation
The correlation between IBHL and YLD is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IBHL vs. YLD - Dividend Comparison
IBHL's dividend yield for the trailing twelve months is around 6.00%, less than YLD's 7.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHL iShares iBonds 2032 Term High Yield and Income ETF | 6.00% | 4.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YLD Principal Active High Yield ETF | 7.30% | 7.33% | 7.12% | 6.46% | 6.51% | 3.92% | 4.40% | 4.81% | 5.42% | 6.28% | 4.47% | 2.56% |
Drawdowns
IBHL vs. YLD - Drawdown Comparison
The maximum IBHL drawdown since its inception was -3.70%, smaller than the maximum YLD drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for IBHL and YLD.
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Drawdown Indicators
| IBHL | YLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.70% | -28.34% | +24.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -4.42% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.34% | — |
Current DrawdownCurrent decline from peak | -1.83% | -0.77% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -0.45% | -2.74% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.84% | +0.01% |
Volatility
IBHL vs. YLD - Volatility Comparison
iShares iBonds 2032 Term High Yield and Income ETF (IBHL) and Principal Active High Yield ETF (YLD) have volatilities of 2.41% and 2.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBHL | YLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 2.39% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 3.40% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 6.50% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.56% | 6.38% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.56% | 8.26% | -2.70% |