IBHM vs. IBHG

Last updated Jun 5, 2026

IBHM (iShares iBonds 2033 Term High Yield and Income ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds from iShares - IBHM tracks the Bloomberg 2033 Term High Yield and Income Index while IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

IBHM vs. IBHG - 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 2027 Term High Yield and Income ETF (IBHG). 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*: —

IBHG

• 1D: 0.14%
• 1M: 0.32%
• YTD: 1.10%
• 6M: 1.57%
• 1Y: 4.71%
• 3Y*: 7.53%
• 5Y*: —
• 10Y*: —

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

IBHM vs. IBHG - Yearly Performance Comparison

	2026 (YTD)
IBHM iShares iBonds 2033 Term High Yield and Income ETF	2.83%
IBHG iShares iBonds 2027 Term High Yield and Income ETF	1.51%

Correlation

The correlation between IBHM and IBHG is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 27, 2026	0.63

Return for Risk

IBHM vs. IBHG — Risk / Return Rank

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

IBHG

IBHG Risk / Return Rank: 81
IBHG Sharpe Ratio Rank: 69
IBHG Sortino Ratio Rank: 79
IBHG Omega Ratio Rank: 73
IBHG Calmar Ratio Rank: 93
IBHG Martin Ratio Rank: 93

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. IBHG - 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 2027 Term High Yield and Income ETF (IBHG). 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	IBHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.97	0.57	+2.40

Drawdowns

IBHM vs. IBHG - Drawdown Comparison

The maximum IBHM drawdown since its inception was -1.67%, smaller than the maximum IBHG drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for IBHM and IBHG.

Drawdown Indicators

	IBHM	IBHG	Difference
Max Drawdown Largest peak-to-trough decline	-1.67%	-13.85%	+12.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.39%	—
Current Drawdown Current decline from peak	-0.30%	-0.09%	-0.21%
Average Drawdown Average peak-to-trough decline	-0.43%	-2.67%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.20%	—

Volatility

Volatility by Period

	IBHM	IBHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.37%	2.11%	+3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.37%	6.36%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.37%	6.36%	-0.99%

IBHM vs. IBHG - Expense Ratio Comparison

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

Dividends

IBHM vs. IBHG - Dividend Comparison

IBHM's dividend yield for the trailing twelve months is around 1.08%, less than IBHG's 6.07% yield.

Position	TTM	2025	2024	2023	2022	2021
IBHG iShares iBonds 2027 Term High Yield and Income ETF	6.07%	6.33%	7.02%	6.66%	5.62%	2.13%
IBHM iShares iBonds 2033 Term High Yield and Income ETF	1.08%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IBHM and IBHG in my portfolio?

IBHM and IBHG have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBHM or IBHG?

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 IBHG?

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

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

IBHG has the higher dividend yield at 6.07%, compared with 1.08% for IBHM.

What is the main difference between IBHM and IBHG?

IBHM tracks Bloomberg 2033 Term High Yield and Income Index, while IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross.