IFLN vs. IBHE
IFLN (Invesco Bloomberg Enhanced Fallen Angels ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds - IFLN tracks the Bloomberg US High Yield Enhanced Fallen Angels Index while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. IFLN charges 0.23%/yr vs 0.35%/yr for IBHE.
Performance
IFLN vs. IBHE - Performance Comparison
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Returns By Period
IFLN
- 1D
- -0.00%
- 1M
- 0.20%
- 6M
- 0.88%
- YTD
- 1.32%
- 1Y
- 5.49%
- 3Y*
- 7.20%
- 5Y*
- 3.54%
- 10Y*
- 4.34%
IBHE
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFLN vs. IBHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 1.32% | 8.75% | 5.54% | 11.19% | -8.77% | 3.32% | 5.20% | 5.67% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 7.62% | 10.32% | -4.08% | 4.40% | 4.16% | 5.49% |
Correlation
The correlation between IFLN and IBHE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 9, 2019 | 0.67 |
The correlation between IFLN and IBHE shifts across timeframes, from -0.03 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IFLN vs. IBHE — Risk / Return Rank
IFLN
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IFLN vs. IBHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IFLN | IBHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | — | — |
| Martin ratioReturn relative to average drawdown | 5.54 | — | — |
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Drawdowns
IFLN vs. IBHE - Drawdown Comparison
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Drawdown Indicators
| IFLN | IBHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | — | — |
Average DrawdownAverage peak-to-trough decline | -4.30% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | — | — |
Volatility
IFLN vs. IBHE - Volatility Comparison
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Volatility by Period
| IFLN | IBHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.94% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | — | — |
IFLN vs. IBHE - Expense Ratio Comparison
IFLN has a 0.23% expense ratio, which is lower than IBHE's 0.35% expense ratio.
Dividends
IFLN vs. IBHE - Dividend Comparison
IFLN's dividend yield for the trailing twelve months is around 5.85%, while IBHE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 1.87% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% | 0.00% | 0.00% | 0.00% | 0.00% |
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 5.85% | 5.48% | 5.69% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% |
Frequently Asked Questions
IFLN and IBHE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IFLN is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IFLN is cheaper with a 0.23% expense ratio, compared with 0.35% for IBHE.
IFLN has the higher dividend yield at 5.85%, compared with 1.87% for IBHE.
IFLN tracks Bloomberg US High Yield Enhanced Fallen Angels Index, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.23% for IFLN and 0.35% for IBHE.
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