IBDR vs. USDX
IBDR (iShares iBonds Dec 2026 Term Corporate ETF) and USDX (SGI Enhanced Core ETF) are both exchange-traded funds - IBDR is a Corporate Bonds fund tracking the Barclays December 2026 Maturity Corporate Index, while USDX is a Intermediate Core Bond fund actively managed by Summit Global Investments. IBDR is passively managed, while USDX is actively managed. Over the past year, IBDR returned 4.34% vs 5.97% for USDX. At a correlation of -0.05, they often move in opposite directions. IBDR charges 0.10%/yr vs 0.98%/yr for USDX.
Performance
IBDR vs. USDX - Performance Comparison
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Returns By Period
In the year-to-date period, IBDR achieves a 1.48% return, which is significantly lower than USDX's 1.79% return.
IBDR
- 1D
- 0.04%
- 1M
- 0.29%
- YTD
- 1.48%
- 6M
- 1.88%
- 1Y
- 4.34%
- 3Y*
- 5.11%
- 5Y*
- 1.51%
- 10Y*
- —
USDX
- 1D
- -0.19%
- 1M
- -0.06%
- YTD
- 1.79%
- 6M
- 2.25%
- 1Y
- 5.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBDR vs. USDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.48% | 4.99% | 5.09% |
USDX SGI Enhanced Core ETF | 1.79% | 6.25% | 6.87% |
Correlation
The correlation between IBDR and USDX is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2024 | -0.05 |
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Return for Risk
IBDR vs. USDX — Risk / Return Rank
IBDR
USDX
IBDR vs. USDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and SGI Enhanced Core ETF (USDX). 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.
| IBDR | USDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.78 | ||
| Sortino ratioReturn per unit of downside risk | +9.63 | ||
| Omega ratioGain probability vs. loss probability | 3.38 | 1.77 | +1.61 |
| Calmar ratioReturn relative to maximum drawdown | 52.76 | 6.40 | +46.36 |
| Martin ratioReturn relative to average drawdown | 183.41 | 43.95 | +139.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBDR | USDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.89 | 3.11 | +3.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 3.96 | -3.34 |
Drawdowns
IBDR vs. USDX - Drawdown Comparison
The maximum IBDR drawdown since its inception was -16.06%, which is greater than USDX's maximum drawdown of -0.94%. Use the drawdown chart below to compare losses from any high point for IBDR and USDX.
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Drawdown Indicators
| IBDR | USDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -0.94% | -15.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | -0.94% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -1.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.13% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.64% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -0.06% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.14% | -0.12% |
Volatility
IBDR vs. USDX - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) is 0.16%, while SGI Enhanced Core ETF (USDX) has a volatility of 0.98%. This indicates that IBDR experiences smaller price fluctuations and is considered to be less risky than USDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDR | USDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 0.98% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.34% | 1.73% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.64% | 1.93% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.40% | 1.68% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 1.68% | +3.18% |
IBDR vs. USDX - Expense Ratio Comparison
IBDR has a 0.10% expense ratio, which is lower than USDX's 0.98% expense ratio.
Dividends
IBDR vs. USDX - Dividend Comparison
IBDR's dividend yield for the trailing twelve months is around 4.13%, less than USDX's 5.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.13% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% |
USDX SGI Enhanced Core ETF | 5.90% | 5.88% | 4.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBDR and USDX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USDX has higher volatility (0.98%) compared to IBDR (0.16%). In terms of maximum drawdown, IBDR dropped -16.06% vs USDX's -0.94%.
On 1-year performance, USDX leads with 5.97% vs 4.34% for IBDR. On fees, IBDR is cheaper at 0.10% per year. On volatility, IBDR has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USDX has performed better with a 5.97% return vs 4.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDR is cheaper with a 0.10% expense ratio, compared with 0.98% for USDX.
USDX has the higher dividend yield at 5.90%, compared with 4.13% for IBDR.
IBDR is categorized as Corporate Bonds, while USDX is Intermediate Core Bond. They also come from different issuers: iShares and Summit Global Investments. Their fees differ too: 0.10% for IBDR and 0.98% for USDX.
IBDR currently has the higher Sharpe Ratio (6.89 vs 3.11), 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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