IBHM vs. IBHE

Last updated Jun 5, 2026

IBHM (iShares iBonds 2033 Term High Yield and Income ETF) and IBHE (iShares iBonds 2025 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 IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. Both charge a 0.35% expense ratio.

Performance

IBHM vs. IBHE - 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 2025 Term High Yield & Income ETF (IBHE). 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*: —

IBHE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.13%
• 1Y: 2.05%
• 3Y*: 5.99%
• 5Y*: 3.89%
• 10Y*: —

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

IBHM vs. IBHE - Yearly Performance Comparison

	2026 (YTD)
IBHM iShares iBonds 2033 Term High Yield and Income ETF	2.83%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	0.00%

Return for Risk

IBHM vs. IBHE — Risk / Return Rank

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

IBHE

IBHE Risk / Return Rank: 97
IBHE Sharpe Ratio Rank: 92
IBHE Sortino Ratio Rank: 96
IBHE Omega Ratio Rank: 98
IBHE Calmar Ratio Rank: 99
IBHE Martin Ratio Rank: 99

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. IBHE - 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 2025 Term High Yield & Income ETF (IBHE). 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	IBHE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.31	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.97	0.41	+2.56

Drawdowns

IBHM vs. IBHE - Drawdown Comparison

The maximum IBHM drawdown since its inception was -1.67%, smaller than the maximum IBHE drawdown of -26.91%. Use the drawdown chart below to compare losses from any high point for IBHM and IBHE.

Drawdown Indicators

	IBHM	IBHE	Difference
Max Drawdown Largest peak-to-trough decline	-1.67%	-26.91%	+25.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.51%	—
Current Drawdown Current decline from peak	-0.30%	0.00%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.43%	-1.42%	+0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.05%	—

Volatility

Volatility by Period

	IBHM	IBHE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.37%	0.78%	+4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	4.87%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.37%	11.52%	-6.15%

IBHM vs. IBHE - Expense Ratio Comparison

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

Dividends

IBHM vs. IBHE - Dividend Comparison

IBHM's dividend yield for the trailing twelve months is around 1.08%, less than IBHE's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBHE iShares iBonds 2025 Term High Yield & Income ETF	2.29%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%
IBHM iShares iBonds 2033 Term High Yield and Income ETF	1.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IBHM or IBHE?

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 IBHE?

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

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

IBHE has the higher dividend yield at 2.29%, compared with 1.08% for IBHM.

What is the main difference between IBHM and IBHE?

IBHM tracks Bloomberg 2033 Term High Yield and Income Index, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index.