IBIH vs. HYGI

Last updated Jun 5, 2026

IBIH (iShares iBonds Oct 2031 Term TIPS ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both Inflation-Protected Bonds funds from iShares - IBIH tracks the ICE 2031 Maturity US Inflation-Linked Treasury Index while HYGI tracks the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. At a 0.38 correlation, their price movements are largely independent. IBIH charges 0.10%/yr vs 0.52%/yr for HYGI.

Performance

IBIH vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2031 Term TIPS ETF (IBIH) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBIH

• 1D: -0.08%
• 1M: -0.34%
• YTD: 1.60%
• 6M: 1.34%
• 1Y: 5.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYGI

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

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

IBIH vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBIH iShares iBonds Oct 2031 Term TIPS ETF	1.60%	8.47%	1.73%	4.60%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	6.20%	9.16%	5.85%

Correlation

The correlation between IBIH and HYGI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.38

The correlation between IBIH and HYGI shifts across timeframes, from 0.24 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IBIH vs. HYGI — Risk / Return Rank

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

IBIH

IBIH Risk / Return Rank: 53
IBIH Sharpe Ratio Rank: 47
IBIH Sortino Ratio Rank: 53
IBIH Omega Ratio Rank: 47
IBIH Calmar Ratio Rank: 61
IBIH Martin Ratio Rank: 58

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.

IBIH vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2031 Term TIPS ETF (IBIH) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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.

	IBIH	HYGI	Difference
Sharpe ratio: Return per unit of total volatility	1.62	—	—
Sortino ratio: Return per unit of downside risk	2.51	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.98	—	—
Martin ratio: Return relative to average drawdown	10.16	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IBIH	HYGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	—	—

Drawdowns

Drawdown Indicators

	IBIH	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-3.94%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.70%	—	—
Current Drawdown Current decline from peak	-0.62%	—	—
Average Drawdown Average peak-to-trough decline	-0.96%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	—	—

Volatility

Volatility by Period

	IBIH	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.15%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.93%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.93%	—	—

IBIH vs. HYGI - Expense Ratio Comparison

IBIH has a 0.10% expense ratio, which is lower than HYGI's 0.52% expense ratio.

Dividends

IBIH vs. HYGI - Dividend Comparison

IBIH's dividend yield for the trailing twelve months is around 3.90%, more than HYGI's 0.97% yield.

Position	TTM	2025	2024	2023	2022
HYGI iShares Inflation Hedged High Yield Bond ETF	0.97%	3.41%	6.08%	6.22%	3.19%
IBIH iShares iBonds Oct 2031 Term TIPS ETF	3.90%	4.68%	4.34%	0.70%	0.00%

Frequently Asked Questions

Can I hold both IBIH and HYGI in my portfolio?

IBIH and HYGI have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBIH or HYGI?

On fees, IBIH is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBIH or HYGI?

IBIH is cheaper with a 0.10% expense ratio, compared with 0.52% for HYGI.

Which ETF pays a higher dividend yield, IBIH or HYGI?

IBIH has the higher dividend yield at 3.90%, compared with 0.97% for HYGI.

What is the main difference between IBIH and HYGI?

IBIH tracks ICE 2031 Maturity US Inflation-Linked Treasury Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Their fees differ too: 0.10% for IBIH and 0.52% for HYGI.