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GVI vs. SLQD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

GVI vs. SLQD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Intermediate Government/Credit Bond ETF (GVI) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

Over the past 10 years, GVI has underperformed SLQD with an annualized return of 1.80%, while SLQD has yielded a comparatively higher 2.66% annualized return.


GVI

1D
-0.13%
1M
-0.00%
YTD
-0.00%
6M
0.05%
1Y
3.89%
3Y*
4.18%
5Y*
0.98%
10Y*
1.80%

SLQD

1D
-0.08%
1M
0.24%
YTD
0.84%
6M
1.16%
1Y
4.46%
3Y*
5.35%
5Y*
2.52%
10Y*
2.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GVI vs. SLQD - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
GVI
iShares Intermediate Government/Credit Bond ETF
-0.00%6.66%2.92%5.15%-8.28%-1.90%6.38%6.54%0.77%1.83%
SLQD
iShares 0-5 Year Investment Grade Corporate Bond ETF
0.84%6.27%4.94%5.98%-4.38%-0.61%4.76%6.09%1.09%2.12%

Correlation

The correlation between GVI and SLQD is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.


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

0.91

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

0.91

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

0.89

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

0.80

Correlation (All Time)
Calculated using the full available price history since Oct 18, 2013

0.71

Over the past year, GVI and SLQD have become more correlated (0.91) than their long-term average of 0.71, meaning their price movements have been converging.

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Return for Risk

GVI vs. SLQD — Risk / Return Rank

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

GVI
GVI Risk / Return Rank: 4444
Overall Rank
GVI Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
GVI Sortino Ratio Rank: 4949
Sortino Ratio Rank
GVI Omega Ratio Rank: 4444
Omega Ratio Rank
GVI Calmar Ratio Rank: 4444
Calmar Ratio Rank
GVI Martin Ratio Rank: 4141
Martin Ratio Rank

SLQD
SLQD Risk / Return Rank: 8888
Overall Rank
SLQD Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
SLQD Sortino Ratio Rank: 9494
Sortino Ratio Rank
SLQD Omega Ratio Rank: 9292
Omega Ratio Rank
SLQD Calmar Ratio Rank: 8080
Calmar Ratio Rank
SLQD Martin Ratio Rank: 8787
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.

GVI vs. SLQD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate Government/Credit Bond ETF (GVI) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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.


GVISLQDDifference
Sharpe ratioReturn per unit of total volatility

-1.45

Sortino ratioReturn per unit of downside risk

-2.49

Omega ratioGain probability vs. loss probability

1.28

1.62

-0.34

Calmar ratioReturn relative to maximum drawdown

2.17

4.22

-2.04

Martin ratioReturn relative to average drawdown

6.60

19.08

-12.49

GVI vs. SLQD - Sharpe Ratio Comparison

The current GVI Sharpe Ratio is 1.56, which is lower than the SLQD Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of GVI and SLQD, 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


GVISLQDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.56

3.02

-1.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.25

1.04

-0.79

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

0.85

-0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

0.85

-0.08

Drawdowns

GVI vs. SLQD - Drawdown Comparison

The maximum GVI drawdown since its inception was -12.93%, roughly equal to the maximum SLQD drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for GVI and SLQD.


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Drawdown Indicators


GVISLQDDifference

Max Drawdown

Largest peak-to-trough decline

-12.93%

-12.69%

-0.24%

Max Drawdown (1Y)

Largest decline over 1 year

-1.79%

-1.06%

-0.73%

Max Drawdown (3Y)

Largest decline over 3 years

-2.65%

-1.06%

-1.59%

Max Drawdown (5Y)

Largest decline over 5 years

-12.93%

-7.63%

-5.30%

Max Drawdown (10Y)

Largest decline over 10 years

-12.93%

-12.69%

-0.24%

Current Drawdown

Current decline from peak

-1.17%

-0.13%

-1.04%

Average Drawdown

Average peak-to-trough decline

-1.86%

-0.87%

-0.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.59%

0.23%

+0.36%

Volatility

GVI vs. SLQD - Volatility Comparison

iShares Intermediate Government/Credit Bond ETF (GVI) has a higher volatility of 0.77% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.46%. This indicates that GVI's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


GVISLQDDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.77%

0.46%

+0.31%

Volatility (6M)

Calculated over the trailing 6-month period

1.78%

1.09%

+0.69%

Volatility (1Y)

Calculated over the trailing 1-year period

2.50%

1.49%

+1.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.97%

2.44%

+1.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.53%

3.14%

+0.39%

GVI vs. SLQD - Expense Ratio Comparison

GVI has a 0.20% expense ratio, which is higher than SLQD's 0.06% 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

GVI vs. SLQD - Dividend Comparison

GVI's dividend yield for the trailing twelve months is around 3.62%, less than SLQD's 4.32% yield.


PositionTTM20252024202320222021202020192018201720162015
GVI
iShares Intermediate Government/Credit Bond ETF
3.62%3.48%3.40%2.75%1.86%1.46%1.84%2.29%2.16%1.91%1.77%1.75%
SLQD
iShares 0-5 Year Investment Grade Corporate Bond ETF
4.32%4.15%3.71%2.99%2.00%1.67%2.34%2.89%2.55%1.98%1.81%1.43%

Frequently Asked Questions


With a correlation of 0.91, GVI and SLQD 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.

GVI has higher volatility (0.77%) compared to SLQD (0.46%). In terms of maximum drawdown, GVI dropped -12.93% vs SLQD's -12.69%.

On 10-year performance, SLQD leads with 2.66% vs 1.80% for GVI. On fees, SLQD is cheaper at 0.06% per year. On volatility, SLQD has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SLQD has performed better with a 2.66% return vs 1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SLQD is cheaper with a 0.06% expense ratio, compared with 0.20% for GVI.

SLQD has the higher dividend yield at 4.32%, compared with 3.62% for GVI.

GVI is categorized as Short-Term Bond, while SLQD is Corporate Bonds. GVI tracks Bloomberg U.S. Intermediate Government/Credit Bond, while SLQD tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index. Their fees differ too: 0.20% for GVI and 0.06% for SLQD.

SLQD currently has the higher Sharpe Ratio (3.02 vs 1.56), 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.

Portfolio Optimizer

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