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BBBL vs. IGIB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BBBL vs. IGIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and iShares Intermediate-Term Corporate Bond ETF (IGIB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BBBL achieves a 1.22% return, which is significantly higher than IGIB's 0.21% return.


BBBL

1D
-0.39%
1M
1.64%
YTD
1.22%
6M
0.19%
1Y
7.90%
3Y*
5Y*
10Y*

IGIB

1D
-0.19%
1M
0.31%
YTD
0.21%
6M
0.14%
1Y
6.27%
3Y*
6.21%
5Y*
1.37%
10Y*
3.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BBBL vs. IGIB - Yearly Performance Comparison


Correlation

The correlation between BBBL and IGIB is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2024

0.93

The correlation between BBBL and IGIB has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

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Return for Risk

BBBL vs. IGIB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBBL
BBBL Risk / Return Rank: 2828
Overall Rank
BBBL Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
BBBL Sortino Ratio Rank: 2727
Sortino Ratio Rank
BBBL Omega Ratio Rank: 2727
Omega Ratio Rank
BBBL Calmar Ratio Rank: 3030
Calmar Ratio Rank
BBBL Martin Ratio Rank: 2727
Martin Ratio Rank

IGIB
IGIB Risk / Return Rank: 4242
Overall Rank
IGIB Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IGIB Sortino Ratio Rank: 4444
Sortino Ratio Rank
IGIB Omega Ratio Rank: 4141
Omega Ratio Rank
IGIB Calmar Ratio Rank: 4242
Calmar Ratio Rank
IGIB Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBBL vs. IGIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and iShares Intermediate-Term Corporate Bond ETF (IGIB). 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.


BBBLIGIBDifference
Sharpe ratioReturn per unit of total volatility

-0.51

Sortino ratioReturn per unit of downside risk

-0.78

Omega ratioGain probability vs. loss probability

1.18

1.27

-0.09

Calmar ratioReturn relative to maximum drawdown

1.46

2.09

-0.63

Martin ratioReturn relative to average drawdown

3.65

7.08

-3.43

BBBL vs. IGIB - Sharpe Ratio Comparison

The current BBBL Sharpe Ratio is 1.01, which is lower than the IGIB Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of BBBL and IGIB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


BBBLIGIBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.01

1.52

-0.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.70

-0.30

Drawdowns

BBBL vs. IGIB - Drawdown Comparison

The maximum BBBL drawdown since its inception was -9.43%, smaller than the maximum IGIB drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for BBBL and IGIB.


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Drawdown Indicators


BBBLIGIBDifference

Max Drawdown

Largest peak-to-trough decline

-9.43%

-20.62%

+11.19%

Max Drawdown (1Y)

Largest decline over 1 year

-5.45%

-3.01%

-2.44%

Max Drawdown (3Y)

Largest decline over 3 years

-6.05%

Max Drawdown (5Y)

Largest decline over 5 years

-20.62%

Max Drawdown (10Y)

Largest decline over 10 years

-20.62%

Current Drawdown

Current decline from peak

-1.89%

-1.33%

-0.56%

Average Drawdown

Average peak-to-trough decline

-3.31%

-2.58%

-0.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.17%

0.89%

+1.28%

Volatility

BBBL vs. IGIB - Volatility Comparison

Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) has a higher volatility of 2.45% compared to iShares Intermediate-Term Corporate Bond ETF (IGIB) at 1.33%. This indicates that BBBL's price experiences larger fluctuations and is considered to be riskier than IGIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


BBBLIGIBDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.45%

1.33%

+1.12%

Volatility (6M)

Calculated over the trailing 6-month period

5.75%

3.08%

+2.67%

Volatility (1Y)

Calculated over the trailing 1-year period

7.86%

4.14%

+3.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.80%

6.56%

+3.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.80%

6.06%

+3.74%

BBBL vs. IGIB - Expense Ratio Comparison

BBBL has a 0.19% expense ratio, which is higher than IGIB's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Dividends

BBBL vs. IGIB - Dividend Comparison

BBBL's dividend yield for the trailing twelve months is around 5.74%, more than IGIB's 4.82% yield.


PositionTTM20252024202320222021202020192018201720162015
BBBL
Bondbloxx BBB Rated 10+ Year Corporate Bond ETF
5.74%5.77%5.19%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IGIB
iShares Intermediate-Term Corporate Bond ETF
4.82%4.59%4.41%3.78%3.04%2.52%2.74%3.44%3.41%2.51%2.45%2.51%

Frequently Asked Questions


With a correlation of 0.92, BBBL and IGIB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

BBBL has higher volatility (2.45%) compared to IGIB (1.33%). In terms of maximum drawdown, BBBL dropped -9.43% vs IGIB's -20.62%.

On 1-year performance, BBBL leads with 7.90% vs 6.27% for IGIB. On fees, IGIB is cheaper at 0.06% per year. On volatility, IGIB has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, BBBL has performed better with a 7.90% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGIB is cheaper with a 0.06% expense ratio, compared with 0.19% for BBBL.

BBBL has the higher dividend yield at 5.74%, compared with 4.82% for IGIB.

BBBL is categorized as Long-Term Bond, while IGIB is Corporate Bonds. BBBL tracks Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross, while IGIB tracks Bloomberg Barclays U.S. Intermediate Credit Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.19% for BBBL and 0.06% for IGIB.

IGIB currently has the higher Sharpe Ratio (1.52 vs 1.01), 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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