IBDX vs. USIG
IBDX (iShares iBonds Dec 2032 Term Corporate ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds from iShares - IBDX tracks the Bloomberg December 2032 Maturity Corporate Index while USIG tracks the ICE BofA US Corporate. Both are passively managed. Over the past 3 years, IBDX returned 5.73%/yr vs 5.46%/yr for USIG. With a 0.96 correlation, they move nearly in lockstep. IBDX charges 0.10%/yr vs 0.04%/yr for USIG.
Performance
IBDX vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, IBDX achieves a 0.16% return, which is significantly lower than USIG's 0.56% return.
IBDX
- 1D
- -0.20%
- 1M
- 0.16%
- YTD
- 0.16%
- 6M
- 0.26%
- 1Y
- 5.93%
- 3Y*
- 5.73%
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- -0.23%
- 1M
- 0.56%
- YTD
- 0.56%
- 6M
- 0.37%
- 1Y
- 6.04%
- 3Y*
- 5.46%
- 5Y*
- 0.72%
- 10Y*
- 2.63%
IBDX vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 0.16% | 9.05% | 2.39% | 9.42% | -1.80% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.56% | 7.86% | 2.56% | 8.71% | -1.77% |
Correlation
The correlation between IBDX and USIG is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.96 |
The correlation between IBDX and USIG has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
IBDX vs. USIG — Risk / Return Rank
IBDX
USIG
IBDX vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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.
| IBDX | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.17 | -0.01 |
| Martin ratioReturn relative to average drawdown | 7.01 | 7.07 | -0.06 |
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
| IBDX | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.47 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.54 | +0.11 |
Drawdowns
IBDX vs. USIG - Drawdown Comparison
The maximum IBDX drawdown since its inception was -12.51%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for IBDX and USIG.
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Drawdown Indicators
| IBDX | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.51% | -22.21% | +9.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.79% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -6.10% | -0.99% |
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 | -1.43% | -0.97% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -3.42% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.86% | -0.01% |
Volatility
IBDX vs. USIG - Volatility Comparison
The current volatility for iShares iBonds Dec 2032 Term Corporate ETF (IBDX) is 1.18%, while iShares Broad USD Investment Grade Corporate Bond ETF (USIG) has a volatility of 1.27%. This indicates that IBDX experiences smaller price fluctuations and is considered to be less risky 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
| IBDX | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.27% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 3.04% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.13% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 6.82% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 6.82% | +0.64% |
IBDX vs. USIG - Expense Ratio Comparison
IBDX has a 0.10% expense ratio, which is higher than USIG's 0.04% 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
IBDX vs. USIG - Dividend Comparison
IBDX's dividend yield for the trailing twelve months is around 4.83%, more than USIG's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 4.83% | 4.81% | 5.02% | 4.59% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.74% | 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 0.94, IBDX 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 (1.27%) compared to IBDX (1.18%). In terms of maximum drawdown, IBDX dropped -12.51% vs USIG's -22.21%.
On 3-year performance, IBDX leads with 5.73% vs 5.46% for USIG. 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 3-year period, IBDX has performed better with a 5.73% return vs 5.46%. 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 0.10% for IBDX.
IBDX has the higher dividend yield at 4.83%, compared with 4.74% for USIG.
IBDX tracks Bloomberg December 2032 Maturity Corporate Index, while USIG tracks ICE BofA US Corporate. Their fees differ too: 0.10% for IBDX and 0.04% for USIG.
IBDX currently has the higher Sharpe Ratio (1.55 vs 1.47), 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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