FFIU vs. USIG
FFIU (UVA Unconstrained Medium-Term Fixed Income ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. FFIU is actively managed, while USIG is passively managed. Over the past 5 years, FFIU returned -0.38%/yr vs 0.31%/yr for USIG. A 0.64 correlation means they provide meaningful diversification when combined. FFIU charges 0.51%/yr vs 0.04%/yr for USIG.
Performance
FFIU vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, FFIU achieves a -0.68% return, which is significantly lower than USIG's 0.27% return.
FFIU
- 1D
- -0.07%
- 1M
- -0.26%
- 6M
- -0.24%
- YTD
- -0.68%
- 1Y
- 3.94%
- 3Y*
- 4.19%
- 5Y*
- -0.38%
- 10Y*
- —
USIG
- 1D
- -0.15%
- 1M
- -0.58%
- 6M
- -0.02%
- YTD
- 0.27%
- 1Y
- 4.44%
- 3Y*
- 5.46%
- 5Y*
- 0.31%
- 10Y*
- 2.34%
FFIU vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFIU UVA Unconstrained Medium-Term Fixed Income ETF | -0.68% | 8.55% | 0.21% | 7.42% | -15.18% | 0.10% | 7.91% | 9.62% | -0.68% | -0.31% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.27% | 7.86% | 2.56% | 8.71% | -15.30% | -1.34% | 9.44% | 13.99% | -2.21% | 1.19% |
Correlation
The correlation between FFIU and USIG is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2017 | 0.64 |
The correlation between FFIU and USIG shifts across timeframes, from 0.59 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FFIU vs. USIG — Risk / Return Rank
FFIU
USIG
FFIU vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UVA Unconstrained Medium-Term Fixed Income ETF (FFIU) 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.
| FFIU | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 1.44 | -0.73 |
| Martin ratioReturn relative to average drawdown | 1.45 | 4.55 | -3.10 |
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Drawdowns
FFIU vs. USIG - Drawdown Comparison
The maximum FFIU drawdown since its inception was -20.43%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for FFIU and USIG.
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Drawdown Indicators
| FFIU | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.43% | -22.21% | +1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.79% | -2.79% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -7.26% | -6.10% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -20.43% | -21.45% | +1.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -3.08% | -1.25% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -3.40% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 0.88% | +1.44% |
Volatility
FFIU vs. USIG - Volatility Comparison
UVA Unconstrained Medium-Term Fixed Income ETF (FFIU) has a higher volatility of 1.43% compared to iShares Broad USD Investment Grade Corporate Bond ETF (USIG) at 1.22%. This indicates that FFIU's price experiences larger fluctuations and is considered to be riskier than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFIU | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.22% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.30% | 3.20% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.06% | 4.09% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.14% | 6.82% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.18% | 6.83% | +0.35% |
FFIU vs. USIG - Expense Ratio Comparison
FFIU has a 0.51% expense ratio, which is higher than USIG's 0.04% expense ratio.
Dividends
FFIU vs. USIG - Dividend Comparison
FFIU's dividend yield for the trailing twelve months is around 4.10%, less than USIG's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFIU UVA Unconstrained Medium-Term Fixed Income ETF | 4.10% | 3.89% | 4.06% | 3.78% | 3.23% | 3.24% | 2.73% | 2.90% | 2.62% | 0.66% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.78% | 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
FFIU and USIG have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFIU has higher volatility (1.43%) compared to USIG (1.22%). In terms of maximum drawdown, FFIU dropped -20.43% vs USIG's -22.21%.
On 5-year performance, USIG leads with 0.31% vs -0.38% for FFIU. On fees, USIG is cheaper at 0.04% per year. On volatility, USIG has been the lower-risk option at 1.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USIG has performed better with a 0.31% return vs -0.38%. 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 0.51% for FFIU.
USIG has the higher dividend yield at 4.78%, compared with 4.10% for FFIU.
They also come from different issuers: Mcivy Co. LLC and iShares. Their fees differ too: 0.51% for FFIU and 0.04% for USIG.
USIG currently has the higher Sharpe Ratio (0.98 vs 0.42), 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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