ICSH vs. IBHD
Compare and contrast key facts about iShares Ultra Short-Term Bond ETF (ICSH) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD).
ICSH and IBHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013. IBHD is a passively managed fund by iShares that tracks the performance of the Bloomberg 2024 Term High Yield and Income Index. It was launched on May 7, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICSH or IBHD.
Performance
ICSH vs. IBHD - Performance Comparison
Returns By Period
In the year-to-date period, ICSH achieves a 4.94% return, which is significantly lower than IBHD's 5.44% return.
ICSH
4.94%
0.31%
2.81%
5.76%
2.68%
2.43%
IBHD
5.44%
0.34%
2.94%
6.39%
4.12%
N/A
Key characteristics
| ICSH | IBHD | |
|---|---|---|
| Sharpe Ratio | 13.41 | 3.97 |
| Sortino Ratio | 36.60 | 6.15 |
| Omega Ratio | 8.13 | 2.01 |
| Calmar Ratio | 83.36 | 12.94 |
| Martin Ratio | 501.98 | 74.76 |
| Ulcer Index | 0.01% | 0.09% |
| Daily Std Dev | 0.43% | 1.68% |
| Max Drawdown | -3.94% | -20.11% |
| Current Drawdown | 0.00% | 0.00% |
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ICSH vs. IBHD - Expense Ratio Comparison
ICSH has a 0.08% expense ratio, which is lower than IBHD's 0.35% expense ratio.
Correlation
The correlation between ICSH and IBHD is 0.12, 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
ICSH vs. IBHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short-Term Bond ETF (ICSH) 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.
Dividends
ICSH vs. IBHD - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 5.27%, less than IBHD's 6.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short-Term Bond ETF | 5.27% | 4.78% | 1.66% | 0.42% | 1.22% | 2.60% | 2.19% | 1.36% | 0.88% | 0.54% | 0.46% |
IBHD iShares iBonds 2024 Term High Yield & Income ETF | 6.26% | 6.90% | 4.91% | 4.43% | 5.50% | 3.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ICSH vs. IBHD - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum IBHD drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for ICSH and IBHD. For additional features, visit the drawdowns tool.
Volatility
ICSH vs. IBHD - Volatility Comparison
The current volatility for iShares Ultra Short-Term Bond ETF (ICSH) is 0.14%, while iShares iBonds 2024 Term High Yield & Income ETF (IBHD) has a volatility of 0.25%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than IBHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.