EYEG vs. USIG
EYEG (AB Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. EYEG is actively managed, while USIG is passively managed. Over the past year, EYEG returned 5.02% vs 5.32% for USIG. With a 0.96 correlation, they move nearly in lockstep. EYEG charges 0.30%/yr vs 0.04%/yr for USIG.
Performance
EYEG vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, EYEG achieves a 1.03% return, which is significantly lower than USIG's 1.26% return.
EYEG
- 1D
- 0.06%
- 1M
- 0.87%
- YTD
- 1.03%
- 6M
- 0.87%
- 1Y
- 5.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- 0.07%
- 1M
- 0.89%
- YTD
- 1.26%
- 6M
- 1.04%
- 1Y
- 5.32%
- 3Y*
- 5.56%
- 5Y*
- 0.70%
- 10Y*
- 2.58%
EYEG vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EYEG AB Corporate Bond ETF | 1.03% | 7.42% | 3.17% | 1.41% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 1.26% | 7.86% | 2.56% | 2.60% |
Correlation
The correlation between EYEG and USIG is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023 | 0.96 |
The correlation between EYEG and USIG has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
EYEG vs. USIG — Risk / Return Rank
EYEG
USIG
EYEG vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Corporate Bond ETF (EYEG) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
| EYEG | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.91 | -0.14 |
| Martin ratioReturn relative to average drawdown | 5.08 | 6.07 | -0.99 |
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Drawdowns
EYEG vs. USIG - Drawdown Comparison
The maximum EYEG drawdown since its inception was -4.66%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for EYEG and USIG.
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Drawdown Indicators
| EYEG | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.66% | -22.21% | +17.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -2.79% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.28% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -3.41% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.88% | +0.11% |
Volatility
EYEG vs. USIG - Volatility Comparison
AB Corporate Bond ETF (EYEG) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG) have volatilities of 1.14% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EYEG | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.15% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 3.14% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 4.09% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 6.82% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.44% | 6.83% | -1.39% |
EYEG vs. USIG - Expense Ratio Comparison
EYEG has a 0.30% expense ratio, which is higher than USIG's 0.04% expense ratio.
Dividends
EYEG vs. USIG - Dividend Comparison
EYEG's dividend yield for the trailing twelve months is around 4.91%, more than USIG's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EYEG AB Corporate Bond ETF | 4.91% | 4.94% | 6.07% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.71% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.96, EYEG and USIG 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.
USIG has higher volatility (1.15%) compared to EYEG (1.14%). In terms of maximum drawdown, EYEG dropped -4.66% vs USIG's -22.21%.
On 1-year performance, USIG leads with 5.32% vs 5.02% for EYEG. On fees, USIG is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USIG has performed better with a 5.32% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USIG is cheaper with a 0.04% expense ratio, compared with 0.30% for EYEG.
EYEG has the higher dividend yield at 4.91%, compared with 4.71% for USIG.
They also come from different issuers: AllianceBernstein and iShares. Their fees differ too: 0.30% for EYEG and 0.04% for USIG.
USIG currently has the higher Sharpe Ratio (1.31 vs 1.17), 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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