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IBGA vs. IGIB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IBGA vs. IGIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2044 Term Treasury ETF (IBGA) and iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with IBGA having a 0.28% return and IGIB slightly lower at 0.27%.


IBGA

1D
-0.61%
1M
1.69%
YTD
0.28%
6M
0.30%
1Y
4.43%
3Y*
5Y*
10Y*

IGIB

1D
-0.19%
1M
0.56%
YTD
0.27%
6M
0.44%
1Y
5.52%
3Y*
6.26%
5Y*
1.29%
10Y*
2.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBGA vs. IGIB - Yearly Performance Comparison


Correlation

The correlation between IBGA and IGIB is 0.88, 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

0.88

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2024

0.89

The correlation between IBGA and IGIB has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

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Return for Risk

IBGA vs. IGIB — Risk / Return Rank

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

IBGA
IBGA Risk / Return Rank: 1616
Overall Rank
IBGA Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
IBGA Sortino Ratio Rank: 1616
Sortino Ratio Rank
IBGA Omega Ratio Rank: 1515
Omega Ratio Rank
IBGA Calmar Ratio Rank: 1717
Calmar Ratio Rank
IBGA Martin Ratio Rank: 1717
Martin Ratio Rank

IGIB
IGIB Risk / Return Rank: 3838
Overall Rank
IGIB Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
IGIB Sortino Ratio Rank: 4040
Sortino Ratio Rank
IGIB Omega Ratio Rank: 3636
Omega Ratio Rank
IGIB Calmar Ratio Rank: 3838
Calmar Ratio Rank
IGIB Martin Ratio Rank: 3939
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.

IBGA vs. IGIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) and iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB). 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.


IBGAIGIBDifference
Sharpe ratioReturn per unit of total volatility

-0.78

Sortino ratioReturn per unit of downside risk

-1.14

Omega ratioGain probability vs. loss probability

1.10

1.24

-0.14

Calmar ratioReturn relative to maximum drawdown

0.68

1.84

-1.17

Martin ratioReturn relative to average drawdown

1.76

5.94

-4.18

IBGA vs. IGIB - Sharpe Ratio Comparison

The current IBGA Sharpe Ratio is 0.56, which is lower than the IGIB Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of IBGA and IGIB, 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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Drawdowns

IBGA vs. IGIB - Drawdown Comparison

The maximum IBGA drawdown since its inception was -11.69%, smaller than the maximum IGIB drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for IBGA and IGIB.


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Drawdown Indicators


IBGAIGIBDifference

Max Drawdown

Largest peak-to-trough decline

-11.69%

-20.62%

+8.93%

Max Drawdown (1Y)

Largest decline over 1 year

-6.60%

-3.01%

-3.59%

Max Drawdown (3Y)

Largest decline over 3 years

-6.05%

Max Drawdown (5Y)

Largest decline over 5 years

-20.62%

Max Drawdown (10Y)

Largest decline over 10 years

-20.62%

Current Drawdown

Current decline from peak

-4.04%

-1.27%

-2.77%

Average Drawdown

Average peak-to-trough decline

-5.03%

-2.58%

-2.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

0.93%

+1.60%

Volatility

IBGA vs. IGIB - Volatility Comparison

iShares iBonds Dec 2044 Term Treasury ETF (IBGA) has a higher volatility of 1.97% compared to iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) at 1.22%. This indicates that IBGA's price experiences larger fluctuations and is considered to be riskier than IGIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


IBGAIGIBDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.97%

1.22%

+0.75%

Volatility (6M)

Calculated over the trailing 6-month period

5.81%

3.19%

+2.62%

Volatility (1Y)

Calculated over the trailing 1-year period

8.01%

4.15%

+3.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.83%

6.57%

+3.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.83%

6.07%

+3.76%

IBGA vs. IGIB - Expense Ratio Comparison

IBGA has a 0.07% expense ratio, which is higher than IGIB'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

IBGA vs. IGIB - Dividend Comparison

IBGA's dividend yield for the trailing twelve months is around 4.63%, less than IGIB's 4.81% yield.


PositionTTM20252024202320222021202020192018201720162015
IBGA
iShares iBonds Dec 2044 Term Treasury ETF
4.63%4.49%2.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IGIB
iShares 5-10 Year Investment Grade Corporate Bond ETF
4.81%4.59%4.41%3.78%3.04%2.52%2.74%3.44%3.41%2.51%2.45%2.51%

Frequently Asked Questions


IBGA and IGIB have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IBGA has higher volatility (1.97%) compared to IGIB (1.22%). In terms of maximum drawdown, IBGA dropped -11.69% vs IGIB's -20.62%.

On 1-year performance, IGIB leads with 5.52% vs 4.43% for IBGA. On fees, IGIB is cheaper at 0.04% per year. On volatility, IGIB 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 1-year period, IGIB has performed better with a 5.52% return vs 4.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGIB is cheaper with a 0.04% expense ratio, compared with 0.07% for IBGA.

IGIB has the higher dividend yield at 4.81%, compared with 4.63% for IBGA.

IBGA is categorized as Intermediate Core Bond, while IGIB is Corporate Bonds. IBGA tracks ICE 2044 Maturity US Treasury Index, while IGIB tracks ICE BofA 5-10 Year US Corporate Index. Their fees differ too: 0.07% for IBGA and 0.04% for IGIB.

IGIB currently has the higher Sharpe Ratio (1.34 vs 0.56), 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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