LDRH vs. IBHH
LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and IBHH (iShares iBonds 2028 Term High Yield and 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 IBHH tracks the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past year, LDRH returned 5.77% vs 5.56% for IBHH. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.
Performance
LDRH vs. IBHH - Performance Comparison
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Returns By Period
In the year-to-date period, LDRH achieves a 1.96% return, which is significantly higher than IBHH's 1.74% return.
LDRH
- 1D
- -0.02%
- 1M
- 0.31%
- YTD
- 1.96%
- 6M
- 1.88%
- 1Y
- 5.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHH
- 1D
- -0.11%
- 1M
- 0.33%
- YTD
- 1.74%
- 6M
- 1.87%
- 1Y
- 5.56%
- 3Y*
- 8.74%
- 5Y*
- —
- 10Y*
- —
LDRH vs. IBHH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 1.96% | 7.18% | 0.21% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 1.74% | 8.02% | -0.12% |
Correlation
The correlation between LDRH and IBHH is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.75 |
The correlation between LDRH and IBHH has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
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Return for Risk
LDRH vs. IBHH — Risk / Return Rank
LDRH
IBHH
LDRH vs. IBHH - 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 2028 Term High Yield and Income ETF (IBHH). 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 | IBHH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.38 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 4.56 | +0.14 |
| Martin ratioReturn relative to average drawdown | 19.42 | 18.22 | +1.20 |
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Drawdowns
LDRH vs. IBHH - Drawdown Comparison
The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum IBHH drawdown of -12.05%. Use the drawdown chart below to compare losses from any high point for LDRH and IBHH.
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Drawdown Indicators
| LDRH | IBHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.17% | -12.05% | +8.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -1.22% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.66% | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.17% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -2.27% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.31% | -0.01% |
Volatility
LDRH vs. IBHH - Volatility Comparison
The current volatility for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) is 0.61%, while iShares iBonds 2028 Term High Yield and Income ETF (IBHH) has a volatility of 0.70%. This indicates that LDRH experiences smaller price fluctuations and is considered to be less risky than IBHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDRH | IBHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.70% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 2.11% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 2.79% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.47% | 7.21% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 7.21% | -3.74% |
LDRH vs. IBHH - Expense Ratio Comparison
Both LDRH and IBHH have an expense ratio of 0.35%.
Dividends
LDRH vs. IBHH - Dividend Comparison
LDRH's dividend yield for the trailing twelve months is around 6.99%, more than IBHH's 6.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 6.26% | 6.39% | 6.93% | 6.65% | 5.36% |
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.99% | 6.41% | 1.13% | 0.00% | 0.00% |
Frequently Asked Questions
LDRH and IBHH have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBHH has higher volatility (0.70%) compared to LDRH (0.61%). In terms of maximum drawdown, LDRH dropped -3.17% vs IBHH's -12.05%.
On 1-year performance, LDRH leads with 5.77% vs 5.56% for IBHH. Both ETFs have the same 0.35% expense ratio. 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, LDRH has performed better with a 5.77% return vs 5.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRH and IBHH have the same expense ratio: 0.35% per year.
LDRH has the higher dividend yield at 6.99%, compared with 6.26% for IBHH.
LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, while IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross.
LDRH currently has the higher Sharpe Ratio (2.23 vs 2.00), 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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