ICBU.L vs. GVI
Compare and contrast key facts about iShares USD Intermediate Credit Bond UCITS ETF (ICBU.L) and iShares Intermediate Government/Credit Bond ETF (GVI).
ICBU.L and GVI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICBU.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Apr 25, 2017. GVI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Intermediate Government/Credit Bond Index. It was launched on Jan 11, 2007. Both ICBU.L and GVI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICBU.L or GVI.
Key characteristics
| ICBU.L | GVI | |
|---|---|---|
| YTD Return | 3.89% | 2.50% |
| 1Y Return | 9.12% | 6.58% |
| 3Y Return (Ann) | 0.33% | -0.43% |
| 5Y Return (Ann) | 1.30% | 0.65% |
| Sharpe Ratio | 2.10 | 1.77 |
| Sortino Ratio | 3.52 | 2.72 |
| Omega Ratio | 1.43 | 1.33 |
| Calmar Ratio | 0.97 | 0.69 |
| Martin Ratio | 9.83 | 6.89 |
| Ulcer Index | 0.82% | 0.95% |
| Daily Std Dev | 3.93% | 3.71% |
| Max Drawdown | -13.91% | -12.93% |
| Current Drawdown | -1.66% | -3.53% |
Correlation
The correlation between ICBU.L and GVI is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ICBU.L vs. GVI - Performance Comparison
In the year-to-date period, ICBU.L achieves a 3.89% return, which is significantly higher than GVI's 2.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ICBU.L vs. GVI - Expense Ratio Comparison
ICBU.L has a 0.15% expense ratio, which is lower than GVI's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ICBU.L vs. GVI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Intermediate Credit Bond UCITS ETF (ICBU.L) and iShares Intermediate Government/Credit Bond ETF (GVI). 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.
Dividends
ICBU.L vs. GVI - Dividend Comparison
ICBU.L's dividend yield for the trailing twelve months is around 3.78%, more than GVI's 3.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICBU.L iShares USD Intermediate Credit Bond UCITS ETF | 3.78% | 2.77% | 1.93% | 1.93% | 2.78% | 2.93% | 2.65% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% |
GVI iShares Intermediate Government/Credit Bond ETF | 3.33% | 2.75% | 1.86% | 1.46% | 1.84% | 2.29% | 2.16% | 1.91% | 1.77% | 1.75% | 1.72% | 1.77% |
Drawdowns
ICBU.L vs. GVI - Drawdown Comparison
The maximum ICBU.L drawdown since its inception was -13.91%, which is greater than GVI's maximum drawdown of -12.93%. Use the drawdown chart below to compare losses from any high point for ICBU.L and GVI. For additional features, visit the drawdowns tool.
Volatility
ICBU.L vs. GVI - Volatility Comparison
iShares USD Intermediate Credit Bond UCITS ETF (ICBU.L) has a higher volatility of 1.01% compared to iShares Intermediate Government/Credit Bond ETF (GVI) at 0.94%. This indicates that ICBU.L's price experiences larger fluctuations and is considered to be riskier than GVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.