IGBH vs. VTIP
IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - IGBH is a Corporate Bonds fund tracking the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 10 years, IGBH returned 5.07%/yr vs 3.03%/yr for VTIP. At a 0.05 correlation, their price movements are largely independent. IGBH charges 0.16%/yr vs 0.03%/yr for VTIP.
Performance
IGBH vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, IGBH achieves a 2.48% return, which is significantly higher than VTIP's 1.34% return. Over the past 10 years, IGBH has outperformed VTIP with an annualized return of 5.07%, while VTIP has yielded a comparatively lower 3.03% annualized return.
IGBH
- 1D
- 0.24%
- 1M
- 0.37%
- YTD
- 2.48%
- 6M
- 2.81%
- 1Y
- 8.91%
- 3Y*
- 8.60%
- 5Y*
- 5.41%
- 10Y*
- 5.07%
VTIP
- 1D
- -0.18%
- 1M
- -0.24%
- YTD
- 1.34%
- 6M
- 1.46%
- 1Y
- 3.64%
- 3Y*
- 5.00%
- 5Y*
- 3.26%
- 10Y*
- 3.03%
IGBH vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 2.48% | 7.90% | 7.80% | 12.12% | -2.82% | 2.20% | 1.09% | 9.62% | -4.54% | 9.36% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.34% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
Correlation
The correlation between IGBH and VTIP is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015 | 0.05 |
The correlation between IGBH and VTIP shifts across timeframes, from -0.11 (1 year) to 0.07 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGBH vs. VTIP — Risk / Return Rank
IGBH
VTIP
IGBH vs. VTIP - 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 Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 5.12 | -3.01 |
| Martin ratioReturn relative to average drawdown | 7.75 | 18.66 | -10.90 |
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Drawdowns
IGBH vs. VTIP - Drawdown Comparison
The maximum IGBH drawdown since its inception was -33.67%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for IGBH and VTIP.
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Drawdown Indicators
| IGBH | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -6.27% | -27.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.24% | -0.71% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -0.98% | -5.95% |
Max Drawdown (5Y)Largest decline over 5 years | -10.48% | -5.50% | -4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -6.27% | -27.40% |
Current DrawdownCurrent decline from peak | -0.20% | -0.71% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -1.04% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.20% | +0.95% |
Volatility
IGBH vs. VTIP - Volatility Comparison
iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) has a higher volatility of 0.69% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.65%. This indicates that IGBH's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGBH | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.65% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 1.17% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 1.58% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 2.77% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.21% | 2.74% | +6.47% |
IGBH vs. VTIP - Expense Ratio Comparison
IGBH has a 0.16% expense ratio, which is higher than VTIP's 0.03% 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. VTIP - Dividend Comparison
IGBH's dividend yield for the trailing twelve months is around 5.65%, more than VTIP's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 5.65% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.61% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
Frequently Asked Questions
IGBH and VTIP have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBH has higher volatility (0.69%) compared to VTIP (0.65%). In terms of maximum drawdown, IGBH dropped -33.67% vs VTIP's -6.27%.
On 10-year performance, IGBH leads with 5.07% vs 3.03% for VTIP. On fees, VTIP is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGBH has performed better with a 5.07% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.16% for IGBH.
IGBH has the higher dividend yield at 5.65%, compared with 3.61% for VTIP.
IGBH is categorized as Corporate Bonds, while VTIP is Inflation-Protected Bonds. IGBH tracks BlackRock Interest Rate Hedged Long-Term Corporate Bond Index, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.16% for IGBH and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (2.32 vs 2.22), 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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