IHY vs. IBHD

Last updated Jun 25, 2026

IHY (VanEck Vectors International High Yield Bond ETF) and IBHD (iShares iBonds 2024 Term High Yield & Income ETF) are both High Yield Bonds funds - IHY tracks the Bank of America Merrill Lynch Global Ex-­‐US Issuers High Yield Constrained Index while IBHD tracks the Bloomberg 2024 Term High Yield and Income Index. Both are passively managed. IHY charges 0.40%/yr vs 0.35%/yr for IBHD.

Performance

IHY vs. IBHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors International High Yield Bond ETF (IHY) and iShares iBonds 2024 Term High Yield & Income ETF (IBHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IHY

• 1D: -0.05%
• 1M: -0.04%
• YTD: 0.61%
• 6M: 0.55%
• 1Y: 3.44%
• 3Y*: 8.49%
• 5Y*: 1.75%
• 10Y*: 4.18%

IBHD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IHY vs. IBHD - Yearly Performance Comparison

	2026 (YTD)
IHY VanEck Vectors International High Yield Bond ETF	-0.34%
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%

Return for Risk

IHY vs. IBHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IHY

IHY Risk / Return Rank: 20
IHY Sharpe Ratio Rank: 21
IHY Sortino Ratio Rank: 19
IHY Omega Ratio Rank: 18
IHY Calmar Ratio Rank: 18
IHY Martin Ratio Rank: 23

IBHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

IHY vs. IBHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors International High Yield Bond ETF (IHY) 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.

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.

	IHY	IBHD	Difference
Sharpe ratio: Return per unit of total volatility	0.66	—	—
Sortino ratio: Return per unit of downside risk	0.99	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.73	—	—
Martin ratio: Return relative to average drawdown	2.58	—	—

Drawdowns

IHY vs. IBHD - Drawdown Comparison

The maximum IHY drawdown since its inception was -27.63%, which is greater than IBHD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IHY and IBHD.

Drawdown Indicators

	IHY	IBHD	Difference
Max Drawdown Largest peak-to-trough decline	-27.63%	0.00%	-27.63%
Max Drawdown (1Y) Largest decline over 1 year	-4.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.63%	—	—
Current Drawdown Current decline from peak	-1.45%	0.00%	-1.45%
Average Drawdown Average peak-to-trough decline	-5.26%	0.00%	-5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	—	—

Volatility

Volatility by Period

	IHY	IBHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.41%	0.00%	+5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.75%	0.00%	+7.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.65%	0.00%	+7.65%

IHY vs. IBHD - Expense Ratio Comparison

IHY has a 0.40% expense ratio, which is higher than IBHD's 0.35% expense ratio.

Dividends

IHY vs. IBHD - Dividend Comparison

IHY's dividend yield for the trailing twelve months is around 5.71%, while IBHD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IHY VanEck Vectors International High Yield Bond ETF	5.71%	5.31%	5.60%	5.26%	4.97%	4.55%	4.65%	4.86%	4.70%	4.36%	5.11%	5.79%

Frequently Asked Questions

Which ETF is better, IHY or IBHD?

On fees, IBHD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IHY or IBHD?

IBHD is cheaper with a 0.35% expense ratio, compared with 0.40% for IHY.

Which ETF pays a higher dividend yield, IHY or IBHD?

IHY has the higher dividend yield at 5.71%, compared with 0.00% for IBHD.

What is the main difference between IHY and IBHD?

IHY tracks Bank of America Merrill Lynch Global Ex-­‐US Issuers High Yield Constrained Index, while IBHD tracks Bloomberg 2024 Term High Yield and Income Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.40% for IHY and 0.35% for IBHD.