Correlation
The correlation between IG and IGEB is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
IG vs. IGEB
Compare and contrast key facts about Principal Investment Grade Corporate Active ETF (IG) and iShares Investment Grade Bond Factor ETF (IGEB).
IG and IGEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IG is an actively managed fund by Principal. It was launched on Apr 18, 2018. IGEB is a passively managed fund by iShares that tracks the performance of the BlackRock Investment Grade Enhanced Bond Index. It was launched on Jul 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IG or IGEB.
Performance
IG vs. IGEB - Performance Comparison
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Key characteristics
IG:
0.95
IGEB:
1.23
IG:
1.21
IGEB:
1.55
IG:
1.15
IGEB:
1.19
IG:
0.39
IGEB:
0.59
IG:
2.67
IGEB:
3.44
IG:
2.03%
IGEB:
1.85%
IG:
6.51%
IGEB:
5.89%
IG:
-23.17%
IGEB:
-22.04%
IG:
-8.49%
IGEB:
-4.31%
Returns By Period
In the year-to-date period, IG achieves a 2.10% return, which is significantly lower than IGEB's 2.43% return.
IG
2.10%
-0.26%
0.31%
6.17%
1.81%
-0.28%
N/A
IGEB
2.43%
0.00%
1.06%
7.17%
3.39%
0.56%
N/A
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IG vs. IGEB - Expense Ratio Comparison
IG has a 0.26% expense ratio, which is higher than IGEB's 0.18% 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%.
Risk-Adjusted Performance
IG vs. IGEB — Risk-Adjusted Performance Rank
IG
IGEB
IG vs. IGEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Investment Grade Corporate Active ETF (IG) and iShares Investment Grade Bond Factor ETF (IGEB). 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.
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Dividends
IG vs. IGEB - Dividend Comparison
IG's dividend yield for the trailing twelve months is around 5.22%, more than IGEB's 5.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
IG Principal Investment Grade Corporate Active ETF | 5.22% | 5.20% | 4.35% | 7.17% | 3.15% | 3.63% | 7.04% | 2.76% | 0.00% |
IGEB iShares Investment Grade Bond Factor ETF | 5.09% | 5.09% | 4.60% | 3.64% | 2.67% | 3.56% | 5.61% | 3.59% | 1.61% |
Drawdowns
IG vs. IGEB - Drawdown Comparison
The maximum IG drawdown since its inception was -23.17%, which is greater than IGEB's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for IG and IGEB.
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Volatility
IG vs. IGEB - Volatility Comparison
Principal Investment Grade Corporate Active ETF (IG) and iShares Investment Grade Bond Factor ETF (IGEB) have volatilities of 1.77% and 1.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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