LDRH vs. HYGH
LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and HYGH (iShares Interest Rate Hedged High Yield Bond ETF) are both High Yield Bonds funds from iShares - LDRH tracks the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index while HYGH tracks the Markit iBoxx USD Liquid High Yield Interest Hedged Index. Both are passively managed. Over the past year, LDRH returned 5.71% vs 7.16% for HYGH. A 0.58 correlation means they provide meaningful diversification when combined. LDRH charges 0.35%/yr vs 0.52%/yr for HYGH.
Performance
LDRH vs. HYGH - Performance Comparison
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Returns By Period
In the year-to-date period, LDRH achieves a 2.05% return, which is significantly lower than HYGH's 3.54% return.
LDRH
- 1D
- 0.09%
- 1M
- 0.09%
- 6M
- 1.84%
- YTD
- 2.05%
- 1Y
- 5.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYGH
- 1D
- -0.07%
- 1M
- 0.29%
- 6M
- 3.00%
- YTD
- 3.54%
- 1Y
- 7.16%
- 3Y*
- 9.27%
- 5Y*
- 6.95%
- 10Y*
- 6.17%
LDRH vs. HYGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 2.05% | 7.18% | 0.21% |
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 3.54% | 6.94% | 0.55% |
Correlation
The correlation between LDRH and HYGH is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.58 |
The correlation between LDRH and HYGH has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.
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Return for Risk
LDRH vs. HYGH — Risk / Return Rank
LDRH
HYGH
LDRH vs. HYGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH). 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.
| LDRH | HYGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 4.44 | +0.22 |
| Martin ratioReturn relative to average drawdown | 19.14 | 17.37 | +1.77 |
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Drawdowns
LDRH vs. HYGH - Drawdown Comparison
The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum HYGH drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for LDRH and HYGH.
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Drawdown Indicators
| LDRH | HYGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.17% | -23.88% | +20.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -1.62% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.88% | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.08% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -2.21% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.41% | -0.11% |
Volatility
LDRH vs. HYGH - Volatility Comparison
iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) and iShares Interest Rate Hedged High Yield Bond ETF (HYGH) have volatilities of 0.58% and 0.57%, 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
| LDRH | HYGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.57% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 2.74% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 3.63% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.44% | 7.07% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.44% | 8.22% | -4.78% |
LDRH vs. HYGH - Expense Ratio Comparison
LDRH has a 0.35% expense ratio, which is lower than HYGH's 0.52% expense ratio.
Dividends
LDRH vs. HYGH - Dividend Comparison
LDRH's dividend yield for the trailing twelve months is around 6.97%, more than HYGH's 6.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 6.57% | 6.86% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.97% | 6.41% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDRH and HYGH have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LDRH has higher volatility (0.58%) compared to HYGH (0.57%). In terms of maximum drawdown, LDRH dropped -3.17% vs HYGH's -23.88%.
On 1-year performance, HYGH leads with 7.16% vs 5.71% for LDRH. On fees, LDRH is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYGH has performed better with a 7.16% return vs 5.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRH is cheaper with a 0.35% expense ratio, compared with 0.52% for HYGH.
LDRH has the higher dividend yield at 6.97%, compared with 6.57% for HYGH.
LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, while HYGH tracks Markit iBoxx USD Liquid High Yield Interest Hedged Index. Their fees differ too: 0.35% for LDRH and 0.52% for HYGH.
LDRH currently has the higher Sharpe Ratio (2.19 vs 1.98), 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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