VOO vs. IBHH
VOO (Vanguard S&P 500 ETF) and IBHH (iShares iBonds 2028 Term High Yield and Income ETF) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while IBHH is a High Yield Bonds fund tracking the Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, VOO returned 20.95%/yr vs 8.45%/yr for IBHH. A 0.63 correlation means they provide meaningful diversification when combined. VOO charges 0.03%/yr vs 0.35%/yr for IBHH.
Performance
VOO vs. IBHH - Performance Comparison
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Returns By Period
In the year-to-date period, VOO achieves a 9.08% return, which is significantly higher than IBHH's 1.66% return.
VOO
- 1D
- 0.55%
- 1M
- 0.37%
- YTD
- 9.08%
- 6M
- 9.44%
- 1Y
- 25.76%
- 3Y*
- 20.95%
- 5Y*
- 13.43%
- 10Y*
- 15.50%
IBHH
- 1D
- 0.04%
- 1M
- 0.46%
- YTD
- 1.66%
- 6M
- 2.29%
- 1Y
- 6.37%
- 3Y*
- 8.45%
- 5Y*
- —
- 10Y*
- —
VOO vs. IBHH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 9.08% | 17.82% | 24.98% | 26.32% | -9.08% |
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 1.66% | 8.02% | 7.53% | 12.87% | -6.70% |
Correlation
The correlation between VOO and IBHH is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2022 | 0.63 |
The correlation between VOO and IBHH has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
VOO vs. IBHH — Risk / Return Rank
VOO
IBHH
VOO vs. IBHH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) 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.
| VOO | IBHH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 4.96 | -2.22 |
| Martin ratioReturn relative to average drawdown | 12.42 | 19.84 | -7.42 |
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Drawdowns
VOO vs. IBHH - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, which is greater than IBHH's maximum drawdown of -12.05%. Use the drawdown chart below to compare losses from any high point for VOO and IBHH.
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Drawdown Indicators
| VOO | IBHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -12.05% | -21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -1.22% | -7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -4.66% | -14.03% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | — | — |
Current DrawdownCurrent decline from peak | -2.34% | -0.15% | -2.19% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -2.28% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 0.31% | +1.66% |
Volatility
VOO vs. IBHH - Volatility Comparison
Vanguard S&P 500 ETF (VOO) has a higher volatility of 4.34% compared to iShares iBonds 2028 Term High Yield and Income ETF (IBHH) at 0.70%. This indicates that VOO'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
| VOO | IBHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 0.70% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 2.10% | +7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 2.84% | +9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 7.23% | +9.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 7.23% | +10.80% |
VOO vs. IBHH - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than IBHH's 0.35% expense ratio.
Dividends
VOO vs. IBHH - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.05%, less than IBHH's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBHH iShares iBonds 2028 Term High Yield and Income ETF | 6.27% | 6.39% | 6.93% | 6.65% | 5.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
VOO and IBHH have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.34%) compared to IBHH (0.70%). In terms of maximum drawdown, VOO dropped -33.99% vs IBHH's -12.05%.
On 3-year performance, VOO leads with 20.95% vs 8.45% for IBHH. On fees, VOO is cheaper at 0.03% per year. On volatility, IBHH has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VOO has performed better with a 20.95% return vs 8.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.35% for IBHH.
IBHH has the higher dividend yield at 6.27%, compared with 1.05% for VOO.
VOO is categorized as S&P 500, while IBHH is High Yield Bonds. VOO tracks S&P 500 Index, while IBHH tracks Bloomberg 2028 Term High Yield and Income Index - Benchmark TR Gross. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for VOO and 0.35% for IBHH.
IBHH currently has the higher Sharpe Ratio (2.14 vs 1.99), 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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