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DEF vs. IIGD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

DEF vs. IIGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Defensive Equity ETF (DEF) and Invesco Investment Grade Defensive ETF (IIGD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period


DEF

1D
-3.03%
1M
YTD
6M
1Y
3Y*
5Y*
10Y*

IIGD

1D
0.18%
1M
0.47%
YTD
0.48%
6M
0.59%
1Y
3.60%
3Y*
5.23%
5Y*
1.71%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

DEF vs. IIGD - Yearly Performance Comparison


Correlation

The correlation between DEF and IIGD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 8, 2026

0.25

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Return for Risk

DEF vs. IIGD — Risk / Return Rank

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

DEF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.


IIGD
IIGD Risk / Return Rank: 5151
Overall Rank
IIGD Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IIGD Sortino Ratio Rank: 5454
Sortino Ratio Rank
IIGD Omega Ratio Rank: 5252
Omega Ratio Rank
IIGD Calmar Ratio Rank: 4949
Calmar Ratio Rank
IIGD Martin Ratio Rank: 4747
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.

DEF vs. IIGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Defensive Equity ETF (DEF) and Invesco Investment Grade Defensive ETF (IIGD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


DEFIIGDDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

1.29

Calmar ratioReturn relative to maximum drawdown

2.17

Martin ratioReturn relative to average drawdown

7.09

DEF vs. IIGD - Sharpe Ratio Comparison


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Drawdowns

DEF vs. IIGD - Drawdown Comparison

The maximum DEF drawdown since its inception was -11.11%, roughly equal to the maximum IIGD drawdown of -11.43%. Use the drawdown chart below to compare losses from any high point for DEF and IIGD.


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Drawdown Indicators


DEFIIGDDifference

Max Drawdown

Largest peak-to-trough decline

-11.11%

-11.43%

+0.32%

Max Drawdown (1Y)

Largest decline over 1 year

-1.67%

Max Drawdown (3Y)

Largest decline over 3 years

-2.14%

Max Drawdown (5Y)

Largest decline over 5 years

-11.43%

Current Drawdown

Current decline from peak

-11.11%

-0.57%

-10.54%

Average Drawdown

Average peak-to-trough decline

-9.26%

-2.41%

-6.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.51%

Volatility

DEF vs. IIGD - Volatility Comparison


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Volatility by Period


DEFIIGDDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.84%

Volatility (6M)

Calculated over the trailing 6-month period

1.78%

Volatility (1Y)

Calculated over the trailing 1-year period

66.96%

2.33%

+64.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

66.96%

3.67%

+63.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

66.96%

3.70%

+63.26%

DEF vs. IIGD - Expense Ratio Comparison

DEF has a 0.53% expense ratio, which is higher than IIGD's 0.13% expense ratio.


Dividends

DEF vs. IIGD - Dividend Comparison

DEF has not paid dividends to shareholders, while IIGD's dividend yield for the trailing twelve months is around 4.26%.


PositionTTM20252024202320222021202020192018
DEF
Invesco Defensive Equity ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IIGD
Invesco Investment Grade Defensive ETF
4.26%4.25%4.13%3.74%1.73%1.77%3.21%2.44%1.23%

Frequently Asked Questions


DEF and IIGD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IIGD is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IIGD is cheaper with a 0.13% expense ratio, compared with 0.53% for DEF.

IIGD has the higher dividend yield at 4.26%, compared with 0.00% for DEF.

DEF is categorized as Large Cap Growth Equities, while IIGD is Corporate Bonds. DEF tracks Invesco Defensive Equity Index, while IIGD tracks Invesco Investment Grade Defensive Index. Their fees differ too: 0.53% for DEF and 0.13% for IIGD.

Portfolio Optimizer

Find the right allocation for DEF and IIGD

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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