IBHH vs IBHJ: Grades, Fees and Holdings Compared

iShares iBonds 2028 Term High Yield and Income ETF

IBHHACboe

iShares iBonds 2030 Term High Yield and Income ETF

IBHJACboe

Overlap

No data

Expense ratio

IBHH0.35%IBHJ0.35%

Avg volume · 30D

IBHH 2.3×the volume

IBHH107KIBHJ45.9K

3Y return · a year

IBHJ +0.2pt

IBHH+8.8%IBHJ+9.0%

IBHH vs IBHJ Performance

Oct 31, 2025 – Oct 30, 2026

+4.0%IBHH+2.8%IBHJ

Expense ratio: IBHH 0.35%; IBHJ 0.35%
Fund size: IBHH $483M; IBHJ $201M
1Y total return: IBHH +4.0%, better; IBHJ +2.8%
Yield (12M): IBHH 6.20%; IBHJ 6.81%, better
Holdings: IBHH 197; IBHJ 287
Avg volume (30D): IBHH 107K sh, better; IBHJ 45.9K sh
NAV per share: IBHH $23.15; IBHJ $25.50
52W range

ETF.net Grade

Pillar letters and Scores for IBHH, IBHJ, with each pillar’s weight
Pillar	IBHH	IBHJ
Cost30% weight	A85	A85
Mission25% weight	A100	A100
Risk15% weight	B59Higher	B55
Tradability15% weight	B63Higher	D34
Holdings10% weight	D39	A97Higher
Durability5% weight	A70Higher	B69

Rank among Defined-Maturity High Yield funds

How we build Categories ›

Same Category. IBHH and IBHJ 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 ›

IBHH ranks 3rd and IBHJ 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
Rank 6BIBHLiShares iBonds 2032 Term High Yield and Income ETFScore 64

Our read on each fund

ETF.net Research

IBHHAiShares iBonds 2028 Term High Yield and Income ETF

IBHJAiShares iBonds 2030 Term High Yield and Income ETF

In short

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.

IBHJ A junk-bond fund with an end date. IBHJ holds roughly 300 high-yield corporate bonds all maturing around 2030, then winds up and pays out: the maturity-date discipline of a single bond, spread across a portfolio.

Stated mandate

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.

IBHJ The fund seeks to track an index of high-yield and income-generating corporate bonds maturing in 2030.

Why people hold it

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

IBHJ Defined maturity is the whole point. The fund terminates on or about December 15 of its named year and distributes substantially all net assets to then-current holders, a bond-style end date on a high-yield sleeve.ishares.com
About 300 bonds instead of one issuer's fate. In high yield, that spread matters: a single default is a dent in the portfolio rather than the whole position.ishares.com
Pays monthly, and it sits in a full iBonds lineup of maturity years, so rungs can be built around it without leaving the same index family.ishares.com

Worth knowing

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

IBHJ At 0.35% a year, it charges more than the plain investment-grade target-maturity rungs (IBDU and BSCU run 0.10%). That gap is the price of the high-yield version.
Thinly traded next to the larger target-maturity funds, so bid-ask spreads can be wider and bigger orders take more care to fill.
These are non-investment-grade bonds, with greater default and price risk than higher-rated debt. Distributions vary rather than acting like a fixed coupon, and the portfolio shifts to cash in the final months.ishares.com

Full IBHH profile⁠

Full IBHJ profile⁠

IBHH vs IBHJ Holdings

How IBHH and IBHJ differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Sector14 Sectors82.7%
Countryby domicile93.6%
Asset classFixed Income100%

Sector

Sector weights in IBHH and IBHJ, widest gap first
Sector	More in IBHHMore in IBHJ	IBHH	IBHJ
Energy	IBHJ +6.8 points	6.6%	13.4%
Consumer Discretionary	IBHH +6.0 points	26.2%	20.2%
Health Care	IBHH +4.4 points	12.8%	8.4%
Capital Goods	IBHJ +4.1 points	10.5%	14.6%
Communications	IBHJ +3.3 points	8.9%	12.2%
Electric	IBHH +2.0 points	4.2%	2.2%
Basic Industry	IBHH +1.8 points	8.9%	7.1%
Brokerage/Asset Managers/Exchanges	IBHH +1.3 points	1.8%	0.5%
Insurance	IBHJ +1.3 points	3.9%	5.2%
Finance Companies	IBHJ +1.2 points	6.0%	7.2%
Consumer Non-Cyclical	IBHH +1.1 points	4.9%	3.8%
Reits	IBHH +0.7 points	3.2%	2.5%
Real Estate	IBHJ +0.4 points	0.0%	0.4%
Transportation	IBHJ +0.3 points	2.0%	2.3%

Country, concentration and asset class

Country by domicile

Country weights in IBHH and IBHJ, widest gap first
Country	More in IBHHMore in IBHJ	IBHH	IBHJ
United States	IBHH +2.0 points	86.9%	84.9%
Japan	IBHJ +1.8 points	0.0%	1.8%
Canada	IBHH +1.6 points	5.3%	3.7%
Macau	IBHH +1.5 points	2.4%	0.9%
Luxembourg	IBHJ +1.3 points	1.1%	2.4%
Netherlands	IBHJ +1.2 points	0.0%	1.2%
Ireland	IBHJ +1.0 points	0.6%	1.6%
Spain	IBHH +0.6 points	0.6%	0.0%
Other countries (8)	IBHJ +0.5 points	3.1%	3.6%

Concentration

Weight in the 10 largest Holdings

IBHH20.5%
IBHJ12.8%

Securities held

IBHH195
IBHJ285

Asset class

IBHH: Fixed Income
IBHJ: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. IBHH holds 195 securities, IBHJ 285.

All 194 IBHH holdings⁠All 286 IBHJ 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.

IBHH vs IBHJ Cost

Same expense ratio

$7,126

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

IBHH 0.35%
$7,126
IBHJ 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

IBHH 0.35%
IBHJ 0.35%

Year by year

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

Expense ratio

0.35%IBHH
0.35%IBHJ

IBHH0.35%IBHJ0.35%

0.35%0.43%

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

IBHH cheapest of 21 funds

IBHJ cheapest of 21 funds

IBHH vs IBHJ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IBHH 6.20%; IBHJ 6.81%, better
Payout (12M): IBHH $1.44; IBHJ $1.75
Last payment: IBHH $0.12; IBHJ $0.15
Ex-dividend: IBHH Oct 1, 2026; IBHJ Oct 1, 2026
Paid on: IBHH Oct 6, 2026; IBHJ Oct 6, 2026
Frequency: IBHH Monthly; IBHJ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IBHHMonthly · 45 paymentsAll IBHH payments⁠

IBHJMonthly · 39 paymentsAll IBHJ payments⁠

IBHH vs IBHJ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IBHH 3.8%, betterIBHJ 5.0%
Return per unit of riskSharpe ratio, 3 years: IBHH 1.10, betterIBHJ 0.88
Worst fallMax drawdown, 5 years: IBHH −12.0%since Mar 2022IBHJ −4.9%since Jun 2023
Market sensitivityBeta, 5 years: IBHH 0.57IBHJ 0.76; Market = 1

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