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TFSL vs. IBHH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TFSL vs. IBHH

Last updated Jun 5, 2026

TFSL (TFS Financial Corporation) is a stock, while IBHH (iShares iBonds 2028 Term High Yield and Income ETF) is High Yield Bonds fund tracking the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. Over the past 3 years, TFSL returned 19.89%/yr vs 8.61%/yr for IBHH. At a 0.45 correlation, their price movements are largely independent.

Performance

TFSL vs. IBHH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TFS Financial Corporation (TFSL) and iShares iBonds 2028 Term High Yield and Income ETF (IBHH). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, TFSL achieves a 24.60% return, which is significantly higher than IBHH's 1.81% return.

TFSL

1D
2.96%
1M
8.72%
YTD
24.60%
6M
17.99%
1Y
35.05%
3Y*
19.89%
5Y*
1.55%
10Y*
5.42%

IBHH

1D
0.15%
1M
0.35%
YTD
1.81%
6M
2.40%
1Y
6.52%
3Y*
8.61%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TFSL vs. IBHH - Yearly Performance Comparison

2026 (YTD)2025202420232022
TFSL
TFS Financial Corporation		24.60%15.95%-6.73%11.18%-7.52%
IBHH
iShares iBonds 2028 Term High Yield and Income ETF		1.81%8.02%7.53%12.87%-6.70%

Correlation

The correlation between TFSL and IBHH is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (All Time)
Calculated using the full available price history since Mar 11, 2022

0.45

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TFS Financial Corporation

iShares iBonds 2028 Term High Yield and Income ETF

Often compared with TFSL:
TFSL vs. RFTFSL vs. SPYTFSL vs. FCGSXTFSL vs. MAINTFSL vs. ABBVTFSL vs. ABTFSL vs. ABALX
Often compared with IBHH:
IBHH vs. IBHIIBHH vs. BSJSIBHH vs. IBHEIBHH vs. FBNDIBHH vs. BSJPIBHH vs. SPHYIBHH vs. VOO

Return for Risk

TFSL vs. IBHH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TFSL
TFSL Risk / Return Rank: 8181
Overall Rank
TFSL Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
TFSL Sortino Ratio Rank: 7878
Sortino Ratio Rank
TFSL Omega Ratio Rank: 7777
Omega Ratio Rank
TFSL Calmar Ratio Rank: 8484
Calmar Ratio Rank
TFSL Martin Ratio Rank: 8585
Martin Ratio Rank
IBHH
IBHH Risk / Return Rank: 8282
Overall Rank
IBHH Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IBHH Sortino Ratio Rank: 8181
Sortino Ratio Rank
IBHH Omega Ratio Rank: 7777
Omega Ratio Rank
IBHH Calmar Ratio Rank: 8989
Calmar Ratio Rank
IBHH Martin Ratio Rank: 9191
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.

TFSL vs. IBHH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TFS Financial Corporation (TFSL) 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.

TFSLIBHHDifference
Sharpe ratioReturn per unit of total volatility
1.57
2.33

-0.76

Sortino ratioReturn per unit of downside risk
2.19
3.56

-1.37

Omega ratioGain probability vs. loss probability

1.28

1.45

-0.18

Calmar ratioReturn relative to maximum drawdown

3.25

5.35

-2.10

Martin ratioReturn relative to average drawdown

8.54

21.49

-12.95

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

TFSL vs. IBHH - Sharpe Ratio Comparison

The current TFSL Sharpe Ratio is 1.57, which is lower than the IBHH Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of TFSL and IBHH, 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

TFSLIBHHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.57

2.33

-0.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.07

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.74

-0.50

Drawdowns

TFSL vs. IBHH - Drawdown Comparison

The maximum TFSL drawdown since its inception was -45.52%, which is greater than IBHH's maximum drawdown of -12.05%. Use the drawdown chart below to compare losses from any high point for TFSL and IBHH.

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Drawdown Indicators

TFSLIBHHDifference

Max Drawdown

Largest peak-to-trough decline

-45.52%

-12.05%

-33.47%

Max Drawdown (1Y)

Largest decline over 1 year

-10.83%

-1.22%

-9.61%

Max Drawdown (3Y)

Largest decline over 3 years

-24.68%

-4.66%

-20.02%

Max Drawdown (5Y)

Largest decline over 5 years

-42.95%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-42.95%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-17.21%

-2.30%

-14.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.12%

0.30%

+3.82%

Volatility

TFSL vs. IBHH - Volatility Comparison

TFS Financial Corporation (TFSL) has a higher volatility of 5.69% compared to iShares iBonds 2028 Term High Yield and Income ETF (IBHH) at 0.76%. This indicates that TFSL's price experiences larger fluctuations and is considered to be riskier 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

TFSLIBHHDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.69%

0.76%

+4.93%

Volatility (6M)

Calculated over the trailing 6-month period

16.60%

2.08%

+14.52%

Volatility (1Y)

Calculated over the trailing 1-year period

22.44%

2.82%

+19.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.68%

7.26%

+16.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.52%

7.26%

+17.26%

Dividends

TFSL vs. IBHH - Dividend Comparison

TFSL's dividend yield for the trailing twelve months is around 6.92%, more than IBHH's 6.26% yield.

PositionTTM20252024202320222021202020192018201720162015
IBHH
iShares iBonds 2028 Term High Yield and Income ETF		6.26%6.39%6.93%6.65%5.36%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TFSL
TFS Financial Corporation		6.92%8.45%9.00%7.69%7.84%6.30%6.35%5.28%5.21%3.95%2.36%1.81%

Frequently Asked Questions

TFSL and IBHH have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TFSL has higher volatility (5.69%) compared to IBHH (0.76%). In terms of maximum drawdown, TFSL dropped -45.52% vs IBHH's -12.05%.

IBHH currently has the higher Sharpe Ratio (2.33 vs 1.57), 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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