IBHM vs. IBHD

Last updated Jun 4, 2026

IBHM (iShares iBonds 2033 Term High Yield and Income ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds from iShares - IBHM tracks the Bloomberg 2033 Term High Yield and Income Index while IBHD tracks the Bloomberg 2024 Term High Yield and Income Index. Both are passively managed. Both charge a 0.35% expense ratio.

Performance

IBHM vs. IBHD - 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 iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHM

• 1D: -0.26%
• 1M: 0.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHD

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

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

IBHM vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
IBHM iShares iBonds 2033 Term High Yield and Income ETF	2.65%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

IBHM vs. IBHD - 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 iShares iBonds 2024 Term High Yield & Income ETF (IBHD). 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	IBHD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.80	—	—

Drawdowns

IBHM vs. IBHD - Drawdown Comparison

The maximum IBHM drawdown since its inception was -1.67%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IBHM and IBHD.

Drawdown Indicators

	IBHM	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-1.67%	0.00%	-1.67%
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-0.43%	0.00%	-0.43%

Volatility

Volatility by Period

	IBHM	IBHD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.42%	0.00%	+5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.42%	0.00%	+5.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.42%	0.00%	+5.42%

IBHM vs. IBHD - Expense Ratio Comparison

Both IBHM and IBHD have an expense ratio of 0.35%.

Dividends

IBHM vs. IBHD - Dividend Comparison

IBHM's dividend yield for the trailing twelve months is around 1.08%, while IBHD has not paid dividends to shareholders.

Position	TTM
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
IBHM iShares iBonds 2033 Term High Yield and Income ETF	1.08%

Frequently Asked Questions

Which ETF is better, IBHM or IBHD?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBHM or IBHD?

IBHM and IBHD have the same expense ratio: 0.35% per year.

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

IBHM has the higher dividend yield at 1.08%, compared with 0.00% for IBHD.

What is the main difference between IBHM and IBHD?

IBHM tracks Bloomberg 2033 Term High Yield and Income Index, while IBHD tracks Bloomberg 2024 Term High Yield and Income Index.