USHY vs. LDRH

Last updated Jun 4, 2026

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

Performance

USHY vs. LDRH - Performance Comparison

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

Returns By Period

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

USHY

• 1D: -0.27%
• 1M: 0.40%
• YTD: 1.42%
• 6M: 1.77%
• 1Y: 7.02%
• 3Y*: 8.91%
• 5Y*: 4.24%
• 10Y*: —

LDRH

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

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

USHY vs. LDRH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USHY iShares Broad USD High Yield Corporate Bond ETF	1.42%	8.81%	-0.43%
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF	1.79%	7.18%	0.21%

Correlation

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

USHY vs. LDRH - Sectors Allocation Comparison

Sectors	USHY	LDRH
Energy	99.2%	100.0%
Real Estate	0.8%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

USHY vs. LDRH — Risk / Return Rank

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

USHY

USHY Risk / Return Rank: 60
USHY Sharpe Ratio Rank: 55
USHY Sortino Ratio Rank: 61
USHY Omega Ratio Rank: 60
USHY Calmar Ratio Rank: 58
USHY Martin Ratio Rank: 69

LDRH

LDRH Risk / Return Rank: 85
LDRH Sharpe Ratio Rank: 76
LDRH Sortino Ratio Rank: 87
LDRH Omega Ratio Rank: 81
LDRH Calmar Ratio Rank: 88
LDRH Martin Ratio Rank: 91

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.

USHY vs. LDRH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) and iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH). 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.

	USHY	LDRH	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.48	-0.54
Sortino ratio: Return per unit of downside risk	2.91	3.99	-1.08
Omega ratio: Gain probability vs. loss probability	1.37	1.49	-0.11
Calmar ratio: Return relative to maximum drawdown	2.90	5.24	-2.34
Martin ratio: Return relative to average drawdown	13.03	21.81	-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.

USHY vs. LDRH - Sharpe Ratio Comparison

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

Sharpe Ratios by Period

	USHY	LDRH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.48	-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	0.58	1.69	-1.11

Drawdowns

USHY vs. LDRH - Drawdown Comparison

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

Drawdown Indicators

	USHY	LDRH	Difference
Max Drawdown Largest peak-to-trough decline	-22.44%	-3.17%	-19.27%
Max Drawdown (1Y) Largest decline over 1 year	-2.43%	-1.23%	-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	-0.27%	-0.20%	-0.07%
Average Drawdown Average peak-to-trough decline	-2.67%	-0.24%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	0.30%	+0.24%

Volatility

USHY vs. LDRH - Volatility Comparison

iShares Broad USD High Yield Corporate Bond ETF (USHY) has a higher volatility of 1.13% compared to iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) at 0.69%. This indicates that USHY's price experiences larger fluctuations and is considered to be riskier than LDRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USHY	LDRH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	0.69%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	1.97%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	2.61%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.34%	3.52%	+3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.25%	3.52%	+4.73%

USHY vs. LDRH - Expense Ratio Comparison

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

Dividends

USHY vs. LDRH - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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

Can I hold both USHY and LDRH in my portfolio?

USHY and LDRH 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.

Which is riskier, USHY or LDRH?

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

Which ETF is better, USHY or LDRH?

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.

Which ETF has performed better, USHY or LDRH?

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.

Which ETF is cheaper, USHY or LDRH?

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

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

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

What is the main difference between USHY and LDRH?

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

Which has better risk-adjusted returns?

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.