IBHJ vs SPY
iShares iBonds 2030 Term High Yield and Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IBHJ or SPY?
Long Term High Yield Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IBHJ | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $179M | $804.7B |
| Dividend Yield | 6.66% | 0.98% |
| Holdings | 297 | 505 |
| YTD Return | -2.25% | +11.52%Best |
| 1Y Return | -0.55% | +17.48%Best |
| 3Y Return (annualized) | +6.72% | +20.62%Best |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 5.1%Best | 12.7% |
| Max Drawdown | -4.9%Best | -18.8% |
| $10,000 over 3.2 years | $12,362 | $18,200Best |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Long Term High Yield Bond | Large Cap Blend |
| Inception | Jun 21, 2023 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 26, 2023 to Sep 10, 2026 (3.2 years).
IBHJ vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
IBHJ vs SPY Performance
iShares iBonds 2030 Term High Yield and Income ETF (IBHJ) is an ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IBHJ returned -0.55% while SPY returned +17.48%. Year to date, IBHJ is down 2.25% versus a gain of 11.52% for SPY.
Over three years, IBHJ compounded at +6.72% per year against +20.62% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 5.1% for IBHJ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.9% for IBHJ and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IBHJ charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, IBHJ currently yields 6.66% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 249 holdings in IBHJ and 504 in SPY, totalling 83.4% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 249 positions we hold weights for in IBHJ and 504 in SPY, against full books of 297 and 505.
You are not choosing between two funds in isolation.
Whichever of IBHJ and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IBHJ or SPY?
IBHJ has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, IBHJ or SPY?
Over the past year IBHJ returned -0.55% vs +17.48% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IBHJ or SPY?
SPY has been the more volatile fund at 12.7% annualized versus 5.1% for IBHJ. Worst drawdown: IBHJ -4.9% vs SPY -18.8%.
Should I hold both IBHJ and SPY?
IBHJ and SPY have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IBHJ or SPY?
IBHJ yields 6.66% while SPY yields 0.98%, so IBHJ currently pays the higher dividend yield.
Is SPY better than IBHJ?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.