IBHM vs. FSYD

Last updated Jun 5, 2026

IBHM (iShares iBonds 2033 Term High Yield and Income ETF) and FSYD (Fidelity Sustainable High Yield ETF) are both High Yield Bonds funds. IBHM is passively managed, while FSYD is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. IBHM charges 0.35%/yr vs 0.55%/yr for FSYD.

Performance

IBHM vs. FSYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2033 Term High Yield and Income ETF (IBHM) and Fidelity Sustainable High Yield ETF (FSYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHM

• 1D: 0.18%
• 1M: 0.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSYD

• 1D: 0.06%
• 1M: 0.60%
• YTD: 3.41%
• 6M: 4.01%
• 1Y: 9.98%
• 3Y*: 9.61%
• 5Y*: —
• 10Y*: —

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

IBHM vs. FSYD - Yearly Performance Comparison

	2026 (YTD)
IBHM iShares iBonds 2033 Term High Yield and Income ETF	2.83%
FSYD Fidelity Sustainable High Yield ETF	4.09%

Correlation

The correlation between IBHM and FSYD is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 27, 2026	0.91

Return for Risk

IBHM vs. FSYD — Risk / Return Rank

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

FSYD

FSYD Risk / Return Rank: 79
FSYD Sharpe Ratio Rank: 76
FSYD Sortino Ratio Rank: 84
FSYD Omega Ratio Rank: 83
FSYD Calmar Ratio Rank: 75
FSYD 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.

IBHM vs. FSYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2033 Term High Yield and Income ETF (IBHM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBHM	FSYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.97	0.77	+2.20

Drawdowns

IBHM vs. FSYD - Drawdown Comparison

The maximum IBHM drawdown since its inception was -1.67%, smaller than the maximum FSYD drawdown of -12.11%. Use the drawdown chart below to compare losses from any high point for IBHM and FSYD.

Drawdown Indicators

	IBHM	FSYD	Difference
Max Drawdown Largest peak-to-trough decline	-1.67%	-12.11%	+10.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.49%	—
Current Drawdown Current decline from peak	-0.30%	-0.20%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.43%	-2.40%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.67%	—

Volatility

Volatility by Period

	IBHM	FSYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.37%	4.11%	+1.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	7.85%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.37%	7.85%	-2.48%

IBHM vs. FSYD - Expense Ratio Comparison

IBHM has a 0.35% expense ratio, which is lower than FSYD's 0.55% expense ratio.

Dividends

IBHM vs. FSYD - Dividend Comparison

IBHM's dividend yield for the trailing twelve months is around 1.08%, less than 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%
IBHM iShares iBonds 2033 Term High Yield and Income ETF	1.08%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBHM and FSYD in my portfolio?

With a correlation of 0.91, IBHM and FSYD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IBHM or FSYD?

On fees, IBHM is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHM or FSYD?

IBHM is cheaper with a 0.35% expense ratio, compared with 0.55% for FSYD.

Which ETF pays a higher dividend yield, IBHM or FSYD?

FSYD has the higher dividend yield at 6.32%, compared with 1.08% for IBHM.

What is the main difference between IBHM and FSYD?

They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.35% for IBHM and 0.55% for FSYD.