LDRH vs. IBHE

Last updated Jun 24, 2026

LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and IBHE (iShares iBonds 2025 Term High Yield & Income ETF) are both High Yield Bonds funds from iShares - LDRH tracks the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index while IBHE tracks the Bloomberg 2025 Term High Yield and Income Index. Both are passively managed. Over the past year, LDRH returned 5.98% vs 1.96% for IBHE. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

LDRH vs. IBHE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) and iShares iBonds 2025 Term High Yield & Income ETF (IBHE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LDRH

• 1D: -0.10%
• 1M: 0.33%
• YTD: 1.98%
• 6M: 2.22%
• 1Y: 5.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBHE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 1.96%
• 3Y*: 5.93%
• 5Y*: 3.89%
• 10Y*: —

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

LDRH vs. IBHE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	1.98%	7.18%	0.21%
IBHE iShares iBonds 2025 Term High Yield & Income ETF	0.00%	4.45%	0.93%

Correlation

The correlation between LDRH and IBHE is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024	0.19

The correlation between LDRH and IBHE shifts across timeframes, from 0.00 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LDRH vs. IBHE — Risk / Return Rank

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

LDRH

LDRH Risk / Return Rank: 85
LDRH Sharpe Ratio Rank: 78
LDRH Sortino Ratio Rank: 88
LDRH Omega Ratio Rank: 82
LDRH Calmar Ratio Rank: 88
LDRH Martin Ratio Rank: 91

IBHE

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.

LDRH vs. IBHE - 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 iBonds 2025 Term High Yield & Income ETF (IBHE). 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	IBHE	Difference
Sharpe ratio: Return per unit of total volatility	2.31	3.89	-1.59
Sortino ratio: Return per unit of downside risk	3.73	7.42	-3.70
Omega ratio: Gain probability vs. loss probability	1.45	2.32	-0.87
Calmar ratio: Return relative to maximum drawdown	4.88	25.02	-20.14
Martin ratio: Return relative to average drawdown	20.18	98.47	-78.30

LDRH vs. IBHE - Sharpe Ratio Comparison

The current LDRH Sharpe Ratio is 2.31, which is lower than the IBHE Sharpe Ratio of 3.89. The chart below compares the historical Sharpe Ratios of LDRH and IBHE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LDRH vs. IBHE - Drawdown Comparison

The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum IBHE drawdown of -26.91%. Use the drawdown chart below to compare losses from any high point for LDRH and IBHE.

Drawdown Indicators

	LDRH	IBHE	Difference
Max Drawdown Largest peak-to-trough decline	-3.17%	-26.91%	+23.74%
Max Drawdown (1Y) Largest decline over 1 year	-1.23%	-0.11%	-1.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.51%	—
Current Drawdown Current decline from peak	-0.26%	0.00%	-0.26%
Average Drawdown Average peak-to-trough decline	-0.24%	-1.42%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	0.05%	+0.25%

Volatility

LDRH vs. IBHE - Volatility Comparison

iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) has a higher volatility of 0.61% compared to iShares iBonds 2025 Term High Yield & Income ETF (IBHE) at 0.00%. This indicates that LDRH's price experiences larger fluctuations and is considered to be riskier than IBHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDRH	IBHE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	0.00%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	1.97%	0.38%	+1.59%
Volatility (1Y) Calculated over the trailing 1-year period	2.61%	0.74%	+1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.48%	4.87%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.48%	11.52%	-8.04%

LDRH vs. IBHE - Expense Ratio Comparison

Both LDRH and IBHE have an expense ratio of 0.35%.

Dividends

LDRH vs. IBHE - Dividend Comparison

LDRH's dividend yield for the trailing twelve months is around 6.99%, while IBHE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBHE iShares iBonds 2025 Term High Yield & Income ETF	2.29%	4.53%	6.92%	7.17%	5.77%	4.84%	5.74%	3.73%
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	6.99%	6.41%	1.13%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LDRH and IBHE in my portfolio?

LDRH and IBHE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LDRH or IBHE?

LDRH has higher volatility (0.61%) compared to IBHE (0.00%). In terms of maximum drawdown, LDRH dropped -3.17% vs IBHE's -26.91%.

Which ETF is better, LDRH or IBHE?

On 1-year performance, LDRH leads with 5.98% vs 1.96% for IBHE. Both ETFs have the same 0.35% expense ratio. On volatility, IBHE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LDRH or IBHE?

Over the 1-year period, LDRH has performed better with a 5.98% return vs 1.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LDRH or IBHE?

LDRH and IBHE have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, LDRH or IBHE?

LDRH has the higher dividend yield at 6.99%, compared with 2.29% for IBHE.

What is the main difference between LDRH and IBHE?

LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, while IBHE tracks Bloomberg 2025 Term High Yield and Income Index.

Which has better risk-adjusted returns?

IBHE currently has the higher Sharpe Ratio (3.89 vs 2.31), 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.