IBHF vs IBHH: Grades, Fees and Holdings Compared

iShares iBonds 2026 Term High Yield and Income ETF

IBHFACboe

iShares iBonds 2028 Term High Yield and Income ETF

IBHHACboe

Overlap

No data

Expense ratio

IBHF0.35%IBHH0.35%

Avg volume · 30D

IBHF 2.1×the volume

IBHF222KIBHH107K

3Y return · a year

IBHH +1.6pt

IBHF+7.2%IBHH+8.8%

IBHF vs IBHH Performance

Oct 31, 2025 – Oct 30, 2026

+2.1%IBHF+4.0%IBHH

Expense ratio: IBHF 0.35%; IBHH 0.35%
Fund size: IBHF $613M; IBHH $483M
1Y total return: IBHF +2.1%; IBHH +4.0%, better
Yield (12M): IBHF 5.69%; IBHH 6.20%, better
Holdings: IBHF 38; IBHH 197
Avg volume (30D): IBHF 222K sh, better; IBHH 107K sh
NAV per share: IBHF $22.56; IBHH $23.15
52W range

ETF.net Grade

Pillar letters and Scores for IBHF, IBHH, with each pillar’s weight
Pillar	IBHF	IBHH
Cost30% weight	A85	A85
Mission25% weight	A100	A100
Risk15% weight	B59	B59
Tradability15% weight	A89Higher	B63
Holdings10% weight	F22	D39Higher
Durability5% weight	A86Higher	A70

Rank among Defined-Maturity High Yield funds

How we build Categories ›

Same Category. IBHF and IBHH are both graded against the same 21 Defined-Maturity High Yield funds, so their Grades compare head to head.

Defined-Maturity High Yield⁠

Category · 21 funds

See all 21 ›

IBHF ranks 1st and IBHH 3rd of 21 funds in the Defined-Maturity High Yield Category.

Rank 1AIBHFiShares iBonds 2026 Term High Yield and Income ETFScore 79
Rank 2AIBHIiShares iBonds 2029 Term High Yield and Income ETFScore 78
Rank 3AIBHGiShares iBonds 2027 Term High Yield and Income ETFScore 76
Rank 3AIBHHiShares iBonds 2028 Term High Yield and Income ETFScore 76
Rank 3AIBHJiShares iBonds 2030 Term High Yield and Income ETFScore 76

Our read on each fund

ETF.net Research

IBHFAiShares iBonds 2026 Term High Yield and Income ETF

IBHHAiShares iBonds 2028 Term High Yield and Income ETF

In short

IBHF No data

IBHH Bond ladders usually get built from investment-grade rungs. This is the high yield rung: junk and BBB corporates all maturing in 2028, with the fund itself winding up on or about December 15, 2028 and paying out what is left.

Stated mandate

IBHF No data

IBHH The fund seeks to track an index of high-yield and income-generating corporate bonds maturing in 2028. It is designed to provide income, support bond-ladder construction, and manage interest-rate risk through a defined maturity.

Why people hold it

IBHF No data

IBHH Behaves like a bond more than a bond fund: it terminates on or about December 15, 2028 and distributes its remaining net assets, so the rung has a real end date.sec.gov
Credit risk is spread over a couple hundred corporate bonds, and the index pulls from BBB-rated issuers as well as high yield, so it is not all deep junk.sec.gov
Pays monthly, and every iBonds fund terminates in the year in its name, so stacking or rolling ladder rungs comes down to picking dates.ishares.com

Worth knowing

IBHF No data

IBHH Charges 0.35% a year against roughly 0.10% for the typical target-maturity bond ETF. Credit work costs more to run, but it is a standing drag.
High yield carries genuine downgrade and default risk. The fund targets no predetermined amount at maturity, and losses are possible including near the termination date.sec.gov ishares.com
In its final months the bonds mature into cash and cash-like instruments, and the fund's yield tends to move toward prevailing money market rates.ishares.com

Full IBHF profile⁠

Full IBHH profile⁠

IBHF vs IBHH Holdings

How IBHF and IBHH differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile90.8%
Asset classFixed Income100%

Sector

No Sector split for IBHF.

Country, concentration and asset class

Country by domicile

Country weights in IBHF and IBHH, widest gap first
Country	More in IBHFMore in IBHH	IBHF	IBHH
United States	IBHF +8.3 points	95.2%	86.9%
Canada	IBHH +2.8 points	2.5%	5.3%
Macau	IBHH +2.4 points	0.0%	2.4%
Luxembourg	IBHH +1.1 points	0.0%	1.1%
Ireland	IBHF +0.9 points	1.5%	0.6%
France	IBHH +0.8 points	0.0%	0.8%
Australia	IBHH +0.7 points	0.0%	0.7%
Spain	IBHH +0.6 points	0.0%	0.6%
Other countries (3)	IBHH +1.0 points	0.7%	1.7%

Concentration

Weight in the 10 largest Holdings

IBHF89.3%
IBHH20.5%

Securities held

IBHF35
IBHH195

Asset class

IBHF: Fixed Income
IBHH: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. IBHF holds 35 securities, IBHH 195.

All 36 IBHF holdings⁠All 194 IBHH holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IBHF vs IBHH Cost

Same expense ratio

$7,126

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IBHF 0.35%
$7,126
IBHH 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

IBHF 0.35%
IBHH 0.35%

Year by year

Year	IBHF	IBHH
10	$634	$634
20	$2,454	$2,454
30	$7,126	$7,126

Expense ratio

0.35%IBHF
0.35%IBHH

IBHF0.35%IBHH0.35%

0.35%0.43%

Middle half of Defined-Maturity High Yield funds
Median 0.39%

IBHF cheapest of 21 funds

IBHH cheapest of 21 funds

IBHF vs IBHH Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IBHF 5.69%; IBHH 6.20%, better
Payout (12M): IBHF $1.28; IBHH $1.44
Last payment: IBHF $0.07; IBHH $0.12
Ex-dividend: IBHF Oct 1, 2026; IBHH Oct 1, 2026
Paid on: IBHF Oct 6, 2026; IBHH Oct 6, 2026
Frequency: IBHF Monthly; IBHH Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IBHFMonthly · 45 paymentsAll IBHF payments⁠

IBHHMonthly · 45 paymentsAll IBHH payments⁠

IBHF vs IBHH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IBHF 2.3%, betterIBHH 3.8%
Return per unit of riskSharpe ratio, 3 years: IBHF 1.16, betterIBHH 1.10
Worst fallMax drawdown, 5 years: IBHF −11.2%IBHH −12.0%since Mar 2022
Market sensitivityBeta, 5 years: IBHF 0.31IBHH 0.57; Market = 1

IBHF and IBHH in the news

All news⁠

Income Watch
iShares iBonds 2026 high-yield fund still shows a 5.53% yield it is not earning
Nov 1, 2026IBHF

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IBHF vs IBHH

In short

Stated mandate

Why people hold it

Worth knowing

How IBHF and IBHH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

iShares iBonds 2026 high-yield fund still shows a 5.53% yield it is not earning

How IBHF and IBHH differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings