IGBH vs. HYG
Compare and contrast key facts about iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
IGBH and HYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGBH is a passively managed fund by iShares that tracks the performance of the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. It was launched on Jul 22, 2015. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007. Both IGBH and HYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IGBH vs. HYG - Performance Comparison
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IGBH vs. HYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | -0.74% | 7.90% | 7.80% | 12.12% | -2.82% | 2.20% | 1.09% | 9.62% | -4.54% | 9.36% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.11% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -2.02% | 6.07% |
Returns By Period
In the year-to-date period, IGBH achieves a -0.74% return, which is significantly lower than HYG's -0.11% return. Both investments have delivered pretty close results over the past 10 years, with IGBH having a 4.98% annualized return and HYG not far ahead at 5.16%.
IGBH
- 1D
- 0.25%
- 1M
- 0.19%
- YTD
- -0.74%
- 6M
- 1.21%
- 1Y
- 7.11%
- 3Y*
- 8.32%
- 5Y*
- 4.46%
- 10Y*
- 4.98%
HYG
- 1D
- 0.24%
- 1M
- -0.65%
- YTD
- -0.11%
- 6M
- 0.93%
- 1Y
- 6.91%
- 3Y*
- 7.99%
- 5Y*
- 3.66%
- 10Y*
- 5.16%
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IGBH vs. HYG - Expense Ratio Comparison
IGBH has a 0.16% expense ratio, which is lower than HYG's 0.49% expense ratio.
Return for Risk
IGBH vs. HYG — Risk / Return Rank
IGBH
HYG
IGBH vs. HYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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.
| IGBH | HYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.25 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.87 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.82 | -0.43 |
Martin ratioReturn relative to average drawdown | 5.45 | 9.57 | -4.12 |
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
| IGBH | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.25 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.49 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.62 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.45 | +0.04 |
Correlation
The correlation between IGBH and HYG is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IGBH vs. HYG - Dividend Comparison
IGBH's dividend yield for the trailing twelve months is around 6.04%, more than HYG's 5.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 6.04% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.88% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Drawdowns
IGBH vs. HYG - Drawdown Comparison
The maximum IGBH drawdown since its inception was -33.67%, roughly equal to the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for IGBH and HYG.
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Drawdown Indicators
| IGBH | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -34.25% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.22% | -3.93% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -10.48% | -15.79% | +5.31% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -22.03% | -11.64% |
Current DrawdownCurrent decline from peak | -2.27% | -1.05% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -3.27% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.75% | +0.58% |
Volatility
IGBH vs. HYG - Volatility Comparison
iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) have volatilities of 2.33% and 2.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBH | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.30% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 2.93% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.33% | 5.57% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 7.51% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | 8.31% | +0.94% |