PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IGBH vs. IBDR
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IGBH vs. IBDR

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR).

IGBH and IBDR 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. IBDR is a passively managed fund by iShares that tracks the performance of the Barclays December 2026 Maturity Corporate Index. It was launched on Sep 13, 2016. Both IGBH and IBDR 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. IBDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

IGBH vs. IBDR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGBH
iShares Interest Rate Hedged Long-Term Corporate Bond ETF		-0.98%7.90%7.80%12.12%-2.82%2.20%1.09%9.62%-4.54%9.36%
IBDR
iShares iBonds Dec 2026 Term Corporate ETF		0.72%4.99%4.98%5.96%-8.28%-1.79%8.88%14.81%-2.80%5.96%

Returns By Period

In the year-to-date period, IGBH achieves a -0.98% return, which is significantly lower than IBDR's 0.72% return.

IGBH

1D
0.92%
1M
0.14%
YTD
-0.98%
6M
1.02%
1Y
6.97%
3Y*
8.23%
5Y*
4.40%
10Y*
4.96%

IBDR

1D
0.04%
1M
0.21%
YTD
0.72%
6M
1.84%
1Y
4.40%
3Y*
4.81%
5Y*
1.63%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF

iShares iBonds Dec 2026 Term Corporate ETF

Often compared with IGBH:
IGBH vs. LQDHIGBH vs. IGHGIGBH vs. FLBLIGBH vs. IGEBIGBH vs. SGOVIGBH vs. HYGHIGBH vs. VCLT
Often compared with IBDR:
IBDR vs. IBHFIBDR vs. IBDQIBDR vs. IBDUIBDR vs. FXNAXIBDR vs. SGOVIBDR vs. BSCQIBDR vs. FBNDX

IGBH vs. IBDR - Expense Ratio Comparison

IGBH has a 0.16% expense ratio, which is higher than IBDR's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

IGBH
iShares Interest Rate Hedged Long-Term Corporate Bond ETF
IBDR
iShares iBonds Dec 2026 Term Corporate ETF

Return for Risk

IGBH vs. IBDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGBH
IGBH Risk / Return Rank: 6262
Overall Rank
IGBH Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
IGBH Sortino Ratio Rank: 6767
Sortino Ratio Rank
IGBH Omega Ratio Rank: 6969
Omega Ratio Rank
IGBH Calmar Ratio Rank: 5353
Calmar Ratio Rank
IGBH Martin Ratio Rank: 5454
Martin Ratio Rank
IBDR
IBDR Risk / Return Rank: 9999
Overall Rank
IBDR Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
IBDR Sortino Ratio Rank: 9999
Sortino Ratio Rank
IBDR Omega Ratio Rank: 9999
Omega Ratio Rank
IBDR Calmar Ratio Rank: 9999
Calmar Ratio Rank
IBDR Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGBH vs. IBDR - 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 iBonds Dec 2026 Term Corporate ETF (IBDR). 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.

IGBHIBDRDifference

Sharpe ratio

Return per unit of total volatility

1.11

5.39

-4.29

Sortino ratio

Return per unit of downside risk

1.66

9.54

-7.88

Omega ratio

Gain probability vs. loss probability

1.24

2.66

-1.42

Calmar ratio

Return relative to maximum drawdown

1.29

11.93

-10.64

Martin ratio

Return relative to average drawdown

5.10

82.60

-77.50

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGBH vs. IBDR - Sharpe Ratio Comparison

The current IGBH Sharpe Ratio is 1.11, which is lower than the IBDR Sharpe Ratio of 5.39. The chart below compares the historical Sharpe Ratios of IGBH and IBDR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

IGBHIBDRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.11

5.39

-4.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.48

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.60

-0.12

Correlation

The correlation between IGBH and IBDR is 0.16, 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.

Dividends

IGBH vs. IBDR - Dividend Comparison

IGBH's dividend yield for the trailing twelve months is around 6.05%, more than IBDR's 4.18% yield.

TTM20252024202320222021202020192018201720162015
IGBH
iShares Interest Rate Hedged Long-Term Corporate Bond ETF		6.05%6.23%6.88%7.32%3.84%2.71%2.39%3.40%5.56%2.87%2.62%1.12%
IBDR
iShares iBonds Dec 2026 Term Corporate ETF		4.18%4.20%4.13%3.41%2.44%2.11%2.61%3.25%3.56%3.22%0.86%0.00%

Drawdowns

IGBH vs. IBDR - Drawdown Comparison

The maximum IGBH drawdown since its inception was -33.67%, which is greater than IBDR's maximum drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for IGBH and IBDR.

Loading graphics...

Drawdown Indicators

IGBHIBDRDifference

Max Drawdown

Largest peak-to-trough decline

-33.67%

-16.06%

-17.61%

Max Drawdown (1Y)

Largest decline over 1 year

-5.22%

-0.37%

-4.85%

Max Drawdown (5Y)

Largest decline over 5 years

-10.48%

-13.13%

+2.65%

Max Drawdown (10Y)

Largest decline over 10 years

-33.67%

—

—

Current Drawdown

Current decline from peak

-2.51%

0.00%

-2.51%

Average Drawdown

Average peak-to-trough decline

-2.70%

-2.89%

+0.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.32%

0.05%

+1.27%

Volatility

IGBH vs. IBDR - Volatility Comparison

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) has a higher volatility of 2.32% compared to iShares iBonds Dec 2026 Term Corporate ETF (IBDR) at 0.15%. This indicates that IGBH's price experiences larger fluctuations and is considered to be riskier than IBDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

IGBHIBDRDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.32%

0.15%

+2.17%

Volatility (6M)

Calculated over the trailing 6-month period

3.39%

0.38%

+3.01%

Volatility (1Y)

Calculated over the trailing 1-year period

6.33%

0.82%

+5.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.22%

3.43%

+2.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.25%

4.91%

+4.34%