IGBH vs. VBCE
IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) and VBCE (Vanguard Target Maturity 2031 Corporate Bond ETF) are both Corporate Bonds funds - IGBH tracks the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index while VBCE tracks the ICE 2031 Maturity US Corporate Constrained Index. Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. IGBH charges 0.16%/yr vs 0.08%/yr for VBCE.
Performance
IGBH vs. VBCE - Performance Comparison
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Returns By Period
IGBH
- 1D
- -0.06%
- 1M
- -0.07%
- YTD
- 2.13%
- 6M
- 2.01%
- 1Y
- 9.10%
- 3Y*
- 8.54%
- 5Y*
- 5.24%
- 10Y*
- 5.03%
VBCE
- 1D
- 0.11%
- 1M
- 0.52%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGBH vs. VBCE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 3.51% |
VBCE Vanguard Target Maturity 2031 Corporate Bond ETF | 1.31% |
Correlation
The correlation between IGBH and VBCE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.52 |
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Return for Risk
IGBH vs. VBCE — Risk / Return Rank
IGBH
VBCE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGBH vs. VBCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and Vanguard Target Maturity 2031 Corporate Bond ETF (VBCE). 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.
| IGBH | VBCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | — | — |
| Martin ratioReturn relative to average drawdown | 7.91 | — | — |
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Drawdowns
IGBH vs. VBCE - Drawdown Comparison
The maximum IGBH drawdown since its inception was -33.67%, which is greater than VBCE's maximum drawdown of -1.53%. Use the drawdown chart below to compare losses from any high point for IGBH and VBCE.
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Drawdown Indicators
| IGBH | VBCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -1.53% | -32.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.24% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.21% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -0.49% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | — | — |
Volatility
IGBH vs. VBCE - Volatility Comparison
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Volatility by Period
| IGBH | VBCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 3.82% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 3.82% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 3.82% | +5.38% |
IGBH vs. VBCE - Expense Ratio Comparison
IGBH has a 0.16% expense ratio, which is higher than VBCE's 0.08% 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
IGBH vs. VBCE - Dividend Comparison
IGBH's dividend yield for the trailing twelve months is around 5.67%, more than VBCE's 0.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 5.67% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
VBCE Vanguard Target Maturity 2031 Corporate Bond ETF | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGBH and VBCE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBCE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBCE is cheaper with a 0.08% expense ratio, compared with 0.16% for IGBH.
IGBH has the higher dividend yield at 5.67%, compared with 0.47% for VBCE.
IGBH tracks BlackRock Interest Rate Hedged Long-Term Corporate Bond Index, while VBCE tracks ICE 2031 Maturity US Corporate Constrained Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.16% for IGBH and 0.08% for VBCE.
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