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CORP vs. IGBH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CORP vs. IGBH

Last updated Jun 4, 2026

CORP (PIMCO Investment Grade Corporate Bond Index ETF) and IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) are both Corporate Bonds funds - CORP tracks the ICE BofA US Corporate while IGBH tracks the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. Both are passively managed. Over the past 10 years, CORP returned 2.79%/yr vs 5.04%/yr for IGBH. At a 0.25 correlation, their price movements are largely independent. CORP charges 0.20%/yr vs 0.16%/yr for IGBH.

Performance

CORP vs. IGBH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Investment Grade Corporate Bond Index ETF (CORP) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CORP achieves a 0.57% return, which is significantly lower than IGBH's 2.31% return. Over the past 10 years, CORP has underperformed IGBH with an annualized return of 2.79%, while IGBH has yielded a comparatively higher 5.04% annualized return.

CORP

1D
-0.21%
1M
0.55%
YTD
0.57%
6M
0.40%
1Y
6.11%
3Y*
5.48%
5Y*
0.92%
10Y*
2.79%

IGBH

1D
-0.12%
1M
1.78%
YTD
2.31%
6M
3.18%
1Y
9.39%
3Y*
8.96%
5Y*
5.27%
10Y*
5.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CORP vs. IGBH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CORP
PIMCO Investment Grade Corporate Bond Index ETF		0.57%7.96%2.47%9.13%-14.96%-1.18%9.70%14.80%-3.29%6.56%
IGBH
iShares Interest Rate Hedged Long-Term Corporate Bond ETF		2.31%7.90%7.80%12.12%-2.82%2.20%1.09%9.62%-4.54%9.36%

Correlation

The correlation between CORP and IGBH is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.26

Correlation (All Time)
Calculated using the full available price history since Sep 14, 2015

0.25

The correlation between CORP and IGBH shifts across timeframes, from 0.25 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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PIMCO Investment Grade Corporate Bond Index ETF

iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Often compared with CORP:
CORP vs. LQDCORP vs. ZROZCORP vs. BNDCORP vs. SKORCORP vs. AGGCORP vs. VCLTCORP vs. EUNU.DE
Often compared with IGBH:
IGBH vs. LQDHIGBH vs. IGHGIGBH vs. FLBLIGBH vs. IGEBIGBH vs. HYGHIGBH vs. SGOVIGBH vs. IGLB

Return for Risk

CORP vs. IGBH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CORP
CORP Risk / Return Rank: 4242
Overall Rank
CORP Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
CORP Sortino Ratio Rank: 4343
Sortino Ratio Rank
CORP Omega Ratio Rank: 3939
Omega Ratio Rank
CORP Calmar Ratio Rank: 4343
Calmar Ratio Rank
CORP Martin Ratio Rank: 4343
Martin Ratio Rank
IGBH
IGBH Risk / Return Rank: 6363
Overall Rank
IGBH Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
IGBH Sortino Ratio Rank: 7777
Sortino Ratio Rank
IGBH Omega Ratio Rank: 7575
Omega Ratio Rank
IGBH Calmar Ratio Rank: 4545
Calmar Ratio Rank
IGBH Martin Ratio Rank: 4949
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.

CORP vs. IGBH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Investment Grade Corporate Bond Index ETF (CORP) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH). 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.

CORPIGBHDifference

Sharpe ratio

Return per unit of total volatility

1.47

2.33

-0.86

Sortino ratio

Return per unit of downside risk

2.17

3.50

-1.33

Omega ratio

Gain probability vs. loss probability

1.26

1.45

-0.19

Calmar ratio

Return relative to maximum drawdown

2.13

2.22

-0.09

Martin ratio

Return relative to average drawdown

6.90

8.15

-1.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CORP vs. IGBH - Sharpe Ratio Comparison

The current CORP Sharpe Ratio is 1.47, which is lower than the IGBH Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of CORP and IGBH, 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

CORPIGBHDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.47

2.33

-0.86

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.13

0.86

-0.73

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.55

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.52

+0.04

Drawdowns

CORP vs. IGBH - Drawdown Comparison

The maximum CORP drawdown since its inception was -21.21%, smaller than the maximum IGBH drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for CORP and IGBH.

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Drawdown Indicators

CORPIGBHDifference

Max Drawdown

Largest peak-to-trough decline

-21.21%

-33.67%

+12.46%

Max Drawdown (1Y)

Largest decline over 1 year

-2.88%

-4.24%

+1.36%

Max Drawdown (3Y)

Largest decline over 3 years

-6.06%

-6.93%

+0.87%

Max Drawdown (5Y)

Largest decline over 5 years

-21.21%

-10.48%

-10.73%

Max Drawdown (10Y)

Largest decline over 10 years

-21.21%

-33.67%

+12.46%

Current Drawdown

Current decline from peak

-1.06%

-0.19%

-0.87%

Average Drawdown

Average peak-to-trough decline

-3.61%

-2.67%

-0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.89%

1.15%

-0.26%

Volatility

CORP vs. IGBH - Volatility Comparison

PIMCO Investment Grade Corporate Bond Index ETF (CORP) has a higher volatility of 1.33% compared to iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) at 0.87%. This indicates that CORP's price experiences larger fluctuations and is considered to be riskier than IGBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CORPIGBHDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.33%

0.87%

+0.46%

Volatility (6M)

Calculated over the trailing 6-month period

2.99%

3.14%

-0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

4.18%

4.05%

+0.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.89%

6.13%

+0.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.08%

9.20%

-2.12%

CORP vs. IGBH - Expense Ratio Comparison

CORP has a 0.20% expense ratio, which is higher than IGBH's 0.16% 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

CORP vs. IGBH - Dividend Comparison

CORP's dividend yield for the trailing twelve months is around 4.85%, less than IGBH's 5.66% yield.

PositionTTM20252024202320222021202020192018201720162015
CORP
PIMCO Investment Grade Corporate Bond Index ETF		4.85%4.77%4.74%4.12%3.28%2.51%2.90%3.25%3.18%3.08%2.91%3.14%
IGBH
iShares Interest Rate Hedged Long-Term Corporate Bond ETF		5.66%6.23%6.88%7.32%3.84%2.71%2.39%3.40%5.56%2.87%2.62%1.12%

Frequently Asked Questions

CORP and IGBH have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CORP has higher volatility (1.33%) compared to IGBH (0.87%). In terms of maximum drawdown, CORP dropped -21.21% vs IGBH's -33.67%.

On 10-year performance, IGBH leads with 5.04% vs 2.79% for CORP. On fees, IGBH is cheaper at 0.16% per year. On volatility, IGBH has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IGBH has performed better with a 5.04% return vs 2.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGBH is cheaper with a 0.16% expense ratio, compared with 0.20% for CORP.

IGBH has the higher dividend yield at 5.66%, compared with 4.85% for CORP.

CORP tracks ICE BofA US Corporate, while IGBH tracks BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.20% for CORP and 0.16% for IGBH.

IGBH currently has the higher Sharpe Ratio (2.33 vs 1.47), 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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