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LDRH vs. USHY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LDRH vs. USHY

Last updated Jun 4, 2026

LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and USHY (iShares Broad USD High Yield Corporate 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 USHY tracks the ICE BofA US High Yield Constrained. Both are passively managed. Over the past year, LDRH returned 6.43% vs 7.02% for USHY. Their correlation of 0.88 suggests significant overlap in exposure. LDRH charges 0.35%/yr vs 0.15%/yr for USHY.

Performance

LDRH vs. USHY - 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 Broad USD High Yield Corporate Bond ETF (USHY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LDRH achieves a 1.79% return, which is significantly higher than USHY's 1.42% return.

LDRH

1D
-0.20%
1M
0.18%
YTD
1.79%
6M
2.28%
1Y
6.43%
3Y*
—
5Y*
—
10Y*
—

USHY

1D
-0.27%
1M
0.40%
YTD
1.42%
6M
1.77%
1Y
7.02%
3Y*
8.91%
5Y*
4.24%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

LDRH vs. USHY - Yearly Performance Comparison

2026 (YTD)20252024
LDRH
iShares iBonds 1-5 Year High Yield and Income Ladder ETF		1.79%7.18%0.21%
USHY
iShares Broad USD High Yield Corporate Bond ETF		1.42%8.81%-0.43%

Correlation

The correlation between LDRH and USHY is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Nov 11, 2024

0.88

The correlation between LDRH and USHY has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

LDRH vs. USHY - Sectors Allocation Comparison

Sectors
LDRH
USHY

Energy

100.0%
99.2%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

0.8%

Technology

-

-

Utilities

-

-

Energy

LDRH
100.0%
USHY
99.2%

Basic Materials

LDRH

-

USHY

-

Communication Services

LDRH

-

USHY

-

Consumer Cyclical

LDRH

-

USHY

-

Consumer Defensive

LDRH

-

USHY

-

Financial Services

LDRH

-

USHY

-

Healthcare

LDRH

-

USHY

-

Industrials

LDRH

-

USHY

-

Real Estate

LDRH

-

USHY
0.8%

Technology

LDRH

-

USHY

-

Utilities

LDRH

-

USHY

-

Compare stocks, funds, or ETFs

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iShares iBonds 1-5 Year High Yield and Income Ladder ETF

iShares Broad USD High Yield Corporate Bond ETF

Often compared with LDRH:
LDRH vs. IBHELDRH vs. HYBLLDRH vs. SPHYLDRH vs. HYSLDRH vs. VGHYLDRH vs. GHYBLDRH vs. IBHG
Often compared with USHY:
USHY vs. HYGUSHY vs. SPHYUSHY vs. HYSUSHY vs. JNKUSHY vs. BKLNUSHY vs. HYLBUSHY vs. SPY

Return for Risk

LDRH vs. USHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LDRH
LDRH Risk / Return Rank: 8585
Overall Rank
LDRH Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
LDRH Sortino Ratio Rank: 8787
Sortino Ratio Rank
LDRH Omega Ratio Rank: 8181
Omega Ratio Rank
LDRH Calmar Ratio Rank: 8888
Calmar Ratio Rank
LDRH Martin Ratio Rank: 9191
Martin Ratio Rank
USHY
USHY Risk / Return Rank: 6060
Overall Rank
USHY Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
USHY Sortino Ratio Rank: 6161
Sortino Ratio Rank
USHY Omega Ratio Rank: 6060
Omega Ratio Rank
USHY Calmar Ratio Rank: 5858
Calmar Ratio Rank
USHY Martin Ratio Rank: 6969
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.

LDRH vs. USHY - 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 Broad USD High Yield Corporate Bond ETF (USHY). 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.

LDRHUSHYDifference
Sharpe ratioReturn per unit of total volatility
2.48
1.93

+0.54

Sortino ratioReturn per unit of downside risk
3.99
2.91

+1.08

Omega ratioGain probability vs. loss probability

1.49

1.37

+0.11

Calmar ratioReturn relative to maximum drawdown

5.24

2.90

+2.34

Martin ratioReturn relative to average drawdown

21.81

13.03

+8.79

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

LDRH vs. USHY - Sharpe Ratio Comparison

The current LDRH Sharpe Ratio is 2.48, which is comparable to the USHY Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of LDRH and USHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

LDRHUSHYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.48

1.93

+0.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.58

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.69

0.58

+1.11

Drawdowns

LDRH vs. USHY - Drawdown Comparison

The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for LDRH and USHY.

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Drawdown Indicators

LDRHUSHYDifference

Max Drawdown

Largest peak-to-trough decline

-3.17%

-22.44%

+19.27%

Max Drawdown (1Y)

Largest decline over 1 year

-1.23%

-2.43%

+1.20%

Max Drawdown (3Y)

Largest decline over 3 years

—

-4.66%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.56%

—

Current Drawdown

Current decline from peak

-0.20%

-0.27%

+0.07%

Average Drawdown

Average peak-to-trough decline

-0.24%

-2.67%

+2.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.30%

0.54%

-0.24%

Volatility

LDRH vs. USHY - Volatility Comparison

The current volatility for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) is 0.69%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 1.13%. This indicates that LDRH experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LDRHUSHYDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.69%

1.13%

-0.44%

Volatility (6M)

Calculated over the trailing 6-month period

1.97%

2.91%

-0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

2.61%

3.65%

-1.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.52%

7.34%

-3.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.52%

8.25%

-4.73%

LDRH vs. USHY - Expense Ratio Comparison

LDRH has a 0.35% expense ratio, which is higher than USHY's 0.15% expense ratio.

Dividends

LDRH vs. USHY - Dividend Comparison

LDRH's dividend yield for the trailing twelve months is around 7.00%, more than USHY's 6.92% yield.

PositionTTM202520242023202220212020201920182017
LDRH
iShares iBonds 1-5 Year High Yield and Income Ladder ETF		7.00%6.41%1.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USHY
iShares Broad USD High Yield Corporate Bond ETF		6.92%6.79%6.89%6.63%6.08%5.07%5.30%5.92%6.30%0.73%

Frequently Asked Questions

LDRH and USHY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

USHY has higher volatility (1.13%) compared to LDRH (0.69%). In terms of maximum drawdown, LDRH dropped -3.17% vs USHY's -22.44%.

On 1-year performance, USHY leads with 7.02% vs 6.43% for LDRH. On fees, USHY is cheaper at 0.15% per year. On volatility, LDRH has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, USHY has performed better with a 7.02% return vs 6.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USHY is cheaper with a 0.15% expense ratio, compared with 0.35% for LDRH.

LDRH has the higher dividend yield at 7.00%, compared with 6.92% for USHY.

LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, while USHY tracks ICE BofA US High Yield Constrained. Their fees differ too: 0.35% for LDRH and 0.15% for USHY.

LDRH currently has the higher Sharpe Ratio (2.48 vs 1.93), 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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