IBHM vs. FTSL
IBHM (iShares iBonds 2033 Term High Yield and Income ETF) and FTSL (First Trust Senior Loan Fund) are both High Yield Bonds funds. IBHM is passively managed, while FTSL is actively managed. At a 0.49 correlation, their price movements are largely independent. IBHM charges 0.35%/yr vs 0.86%/yr for FTSL.
Performance
IBHM vs. FTSL - Performance Comparison
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Returns By Period
IBHM
- 1D
- -0.14%
- 1M
- 0.35%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTSL
- 1D
- 0.11%
- 1M
- 0.47%
- 6M
- 0.63%
- YTD
- 1.02%
- 1Y
- 3.87%
- 3Y*
- 6.90%
- 5Y*
- 5.05%
- 10Y*
- 4.44%
IBHM vs. FTSL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBHM iShares iBonds 2033 Term High Yield and Income ETF | 2.84% |
FTSL First Trust Senior Loan Fund | 1.92% |
Correlation
The correlation between IBHM and FTSL is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.49 |
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Return for Risk
IBHM vs. FTSL — Risk / Return Rank
IBHM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FTSL
IBHM vs. FTSL - 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 First Trust Senior Loan Fund (FTSL). 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.
| IBHM | FTSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.69 | — |
| Martin ratioReturn relative to average drawdown | — | 6.27 | — |
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Drawdowns
IBHM vs. FTSL - Drawdown Comparison
The maximum IBHM drawdown since its inception was -1.67%, smaller than the maximum FTSL drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for IBHM and FTSL.
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Drawdown Indicators
| IBHM | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.67% | -22.67% | +21.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.67% | — |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -0.76% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.63% | — |
Volatility
IBHM vs. FTSL - Volatility Comparison
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Volatility by Period
| IBHM | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.38% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.96% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 2.12% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 3.35% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 5.18% | -0.26% |
IBHM vs. FTSL - Expense Ratio Comparison
IBHM has a 0.35% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Dividends
IBHM vs. FTSL - Dividend Comparison
IBHM's dividend yield for the trailing twelve months is around 1.57%, less than FTSL's 6.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSL First Trust Senior Loan Fund | 6.42% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
IBHM iShares iBonds 2033 Term High Yield and Income ETF | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBHM and FTSL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IBHM is cheaper with a 0.35% expense ratio, compared with 0.86% for FTSL.
FTSL has the higher dividend yield at 6.42%, compared with 1.57% for IBHM.
They also come from different issuers: iShares and First Trust. Their fees differ too: 0.35% for IBHM and 0.86% for FTSL.
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