IBTE vs. IBHE
Compare and contrast key facts about iShares iBonds Dec 2024 Term Treasury ETF (IBTE) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE).
IBTE and IBHE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTE is a passively managed fund by iShares that tracks the performance of the ICE 2024 Maturity US Treasury Index. It was launched on Feb 25, 2020. IBHE is a passively managed fund by iShares that tracks the performance of the Bloomberg 2025 Term High Yield and Income Index. It was launched on May 7, 2019. Both IBTE and IBHE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBTE or IBHE.
Performance
IBTE vs. IBHE - Performance Comparison
Returns By Period
In the year-to-date period, IBTE achieves a 4.47% return, which is significantly lower than IBHE's 6.63% return.
IBTE
4.47%
0.38%
2.56%
5.21%
N/A
N/A
IBHE
6.63%
0.26%
3.11%
8.63%
4.63%
N/A
Key characteristics
| IBTE | IBHE | |
|---|---|---|
| Sharpe Ratio | 9.15 | 3.50 |
| Sortino Ratio | 22.16 | 5.82 |
| Omega Ratio | 4.75 | 1.77 |
| Calmar Ratio | 2.20 | 13.27 |
| Martin Ratio | 319.51 | 48.22 |
| Ulcer Index | 0.02% | 0.18% |
| Daily Std Dev | 0.57% | 2.46% |
| Max Drawdown | -6.78% | -26.92% |
| Current Drawdown | 0.00% | -0.13% |
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IBTE vs. IBHE - Expense Ratio Comparison
IBTE has a 0.07% expense ratio, which is lower than IBHE's 0.35% expense ratio.
Correlation
The correlation between IBTE and IBHE is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
IBTE vs. IBHE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Treasury ETF (IBTE) 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.
Dividends
IBTE vs. IBHE - Dividend Comparison
IBTE's dividend yield for the trailing twelve months is around 4.73%, less than IBHE's 7.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
IBTE iShares iBonds Dec 2024 Term Treasury ETF | 4.73% | 4.22% | 2.00% | 0.46% | 0.73% | 0.00% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 7.14% | 7.16% | 5.78% | 4.84% | 5.73% | 3.72% |
Drawdowns
IBTE vs. IBHE - Drawdown Comparison
The maximum IBTE drawdown since its inception was -6.78%, smaller than the maximum IBHE drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for IBTE and IBHE. For additional features, visit the drawdowns tool.
Volatility
IBTE vs. IBHE - Volatility Comparison
The current volatility for iShares iBonds Dec 2024 Term Treasury ETF (IBTE) is 0.17%, while iShares iBonds 2025 Term High Yield & Income ETF (IBHE) has a volatility of 0.39%. This indicates that IBTE experiences smaller price fluctuations and is considered to be less risky than IBHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.