IFLN vs. IBHG
IFLN (Invesco Bloomberg Enhanced Fallen Angels ETF) and IBHG (iShares iBonds 2027 Term High Yield and Income ETF) are both High Yield Bonds funds - IFLN tracks the Bloomberg US High Yield Enhanced Fallen Angels Index while IBHG tracks the Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, IFLN returned 7.32%/yr vs 7.37%/yr for IBHG. Their correlation of 0.82 suggests significant overlap in exposure. IFLN charges 0.23%/yr vs 0.35%/yr for IBHG.
Performance
IFLN vs. IBHG - Performance Comparison
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Returns By Period
In the year-to-date period, IFLN achieves a 0.57% return, which is significantly lower than IBHG's 0.96% return.
IFLN
- 1D
- -0.25%
- 1M
- 0.55%
- YTD
- 0.57%
- 6M
- 0.84%
- 1Y
- 5.87%
- 3Y*
- 7.32%
- 5Y*
- 3.59%
- 10Y*
- 4.60%
IBHG
- 1D
- -0.09%
- 1M
- 0.21%
- YTD
- 0.96%
- 6M
- 1.46%
- 1Y
- 4.61%
- 3Y*
- 7.37%
- 5Y*
- —
- 10Y*
- —
IFLN vs. IBHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 0.57% | 8.75% | 5.54% | 11.19% | -8.77% | 0.67% |
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 0.96% | 6.90% | 7.42% | 11.27% | -8.88% | 1.07% |
Correlation
The correlation between IFLN and IBHG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.82 |
The correlation between IFLN and IBHG shifts across timeframes, from 0.65 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IFLN vs. IBHG — Risk / Return Rank
IFLN
IBHG
IFLN vs. IBHG - 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 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.
| IFLN | IBHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 6.38 | -4.93 |
| Martin ratioReturn relative to average drawdown | 5.93 | 23.30 | -17.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IFLN | IBHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.20 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.56 | -0.27 |
Drawdowns
IFLN vs. IBHG - Drawdown Comparison
The maximum IFLN drawdown since its inception was -44.79%, which is greater than IBHG's maximum drawdown of -13.85%. Use the drawdown chart below to compare losses from any high point for IFLN and IBHG.
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Drawdown Indicators
| IFLN | IBHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | -13.85% | -30.94% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -0.73% | -3.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | -3.39% | -0.69% |
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 | -0.49% | -0.22% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -2.67% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.20% | +0.79% |
Volatility
IFLN vs. IBHG - Volatility Comparison
Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) has a higher volatility of 1.26% compared to iShares iBonds 2027 Term High Yield and Income ETF (IBHG) at 0.58%. This indicates that IFLN's price experiences larger fluctuations and is considered to be riskier than IBHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFLN | IBHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 0.58% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 1.53% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 2.11% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 6.37% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.89% | 6.37% | +0.52% |
IFLN vs. IBHG - Expense Ratio Comparison
IFLN has a 0.23% expense ratio, which is lower than IBHG's 0.35% expense ratio.
Dividends
IFLN vs. IBHG - Dividend Comparison
IFLN's dividend yield for the trailing twelve months is around 5.82%, less than IBHG's 6.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHG iShares iBonds 2027 Term High Yield and Income ETF | 6.08% | 6.33% | 7.02% | 6.66% | 5.62% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 5.82% | 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 IBHG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFLN has higher volatility (1.26%) compared to IBHG (0.58%). In terms of maximum drawdown, IFLN dropped -44.79% vs IBHG's -13.85%.
On 3-year performance, IBHG leads with 7.37% vs 7.32% for IFLN. On fees, IFLN is cheaper at 0.23% per year. On volatility, IBHG has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBHG has performed better with a 7.37% return vs 7.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFLN is cheaper with a 0.23% expense ratio, compared with 0.35% for IBHG.
IBHG has the higher dividend yield at 6.08%, compared with 5.82% for IFLN.
IFLN tracks Bloomberg US High Yield Enhanced Fallen Angels Index, while IBHG tracks Bloomberg 2027 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.23% for IFLN and 0.35% for IBHG.
IBHG currently has the higher Sharpe Ratio (2.20 vs 1.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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