iShares iBonds 2028 Term High Yield and… (IBHH) Performance
IBHH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.4% since Dec 31, 2025
- 1 year
- +3.4% total return
- 3 years
- +9.0% a year
- Since first price
- +5.0% a year since 2022
IBHH trailing returns vs AGG, TLT, SPY
| Period | IBHH total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.1% | −0.4% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.6% | −0.9% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.3% | −1.7% | −1.5% | −3.8% | +7.8% |
| YTD | +2.4% | −2.2% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.4% | −2.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +29.5%+9.0%/yr | +6.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionMar 10, 2022 | +25.3%+5.0%/yr | −7.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IBHH vs AGG
From Mar 10, 2022: IBHH grew to $12,530, AGG to $10,368.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IBHH returns by calendar year
3 of 3 full years positive. Best 2023 (+12.9%), worst 2024 (+7.5%). 2026 is year to date.
IBHH annual returns table
| Year | IBHH | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +2.4% | −1.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.0% | −4.7% | +7.2% | +4.3% | +17.7% |
| 2024 | +7.5% | −1.9% | +1.3% | −8.1% | +24.9% |
| 2023 | +12.9% | −4.7% | +5.7% | +2.8% | +26.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IBHH largest drawdowns
Now 0.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 4, 2022 | −12.0% | Sep 27, 2022 | Nov 22, 2023 | 6 months | 1.6 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
IBHH risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +8.3% | +4.7% |
| Volatility (annualized) | 3.9% | 7.4% |
| Sharpe ratio | 0.97 | 0.12 |
| Sortino ratio | 2.16 | 0.17 |
| Best month | +4.6% | +6.4% |
| Worst month | −1.0% | −7.2% |
| Best 12 months | +15.2% | +15.2% |
| Worst 12 months | +3.1% | −3.9% |
| Positive months | 78% | 70% |
| Beta vs S&P 500 | 0.22 | — |
| Correlation with S&P 500 | 0.72 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IBHH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 44 | −3.9% | +7.9% | +15.2% | 95% |
| 3-year (a year) | 20 | +4.2% | +8.3% | +10.7% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
IBHH performance overview
iShares iBonds 2028 Term High Yield and… (IBHH) returned +3.4% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +5.0% a year, turning $10,000 into about $12,530. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −12.0%, from Apr 4, 2022 to Sep 27, 2022, and it took 1.2 years to get back to the old high. IBHH finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+12.9%) and the worst 2024 (+7.5%). Volatility has been 7.4% a year.
Related: IBHH chart, IBHH dividends, IBHH bond profile. See the IBHH overview for the latest quote and fund facts.
IBHH performance FAQ
What is the IBHH return over the past year?
IBHH returned +3.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.7%.
How much would $10,000 invested in IBHH be worth?
$10,000 invested in IBHH at its first recorded close on March 10, 2022 would be worth about $12,530 on October 23, 2026 with distributions reinvested.
What was the worst year for IBHH?
The worst calendar year was 2024, with a total return of +7.5%. The best was 2023 at +12.9%.
What is the biggest drawdown of IBHH?
The largest peak-to-trough decline was −12.0% between April 4, 2022 and September 27, 2022. It recovered to the old high on November 22, 2023, 1.2 years after the bottom.
How volatile is IBHH?
Over the past 3 years IBHH had an annualized volatility of 3.9% and a Sharpe ratio of 0.97 (excess return over 1–3 month T-bills per unit of risk).