DEF vs. IIGD
DEF (Invesco Defensive Equity ETF) and IIGD (Invesco Investment Grade Defensive ETF) are both exchange-traded funds - DEF is a Large Cap Growth Equities fund tracking the Invesco Defensive Equity Index, while IIGD is a Corporate Bonds fund tracking the Invesco Investment Grade Defensive Index. Both are passively managed. At a 0.25 correlation, their price movements are largely independent. DEF charges 0.53%/yr vs 0.13%/yr for IIGD.
Performance
DEF vs. IIGD - Performance Comparison
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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*
- —
DEF vs. IIGD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DEF Invesco Defensive Equity ETF | -11.11% |
IIGD Invesco Investment Grade Defensive ETF | 0.47% |
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
DEF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IIGD
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.
| DEF | IIGD | Difference | |
|---|---|---|---|
| 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 | — |
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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
| DEF | IIGD | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -11.11% | -0.57% | -10.54% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -2.41% | -6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.51% | — |
Volatility
DEF vs. IIGD - Volatility Comparison
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Volatility by Period
| DEF | IIGD | Difference | |
|---|---|---|---|
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%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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.
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