IGCB vs. USIG
IGCB (TCW Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - IGCB tracks the Actively Managed while USIG tracks the ICE BofA US Corporate. Both are passively managed. Over the past year, IGCB returned 5.37% vs 6.04% for USIG. Their correlation of 0.85 suggests significant overlap in exposure. IGCB charges 0.35%/yr vs 0.04%/yr for USIG.
Performance
IGCB vs. USIG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGCB achieves a 0.08% return, which is significantly lower than USIG's 0.56% return.
IGCB
- 1D
- -0.30%
- 1M
- 0.37%
- YTD
- 0.08%
- 6M
- -0.02%
- 1Y
- 5.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- -0.23%
- 1M
- 0.56%
- YTD
- 0.56%
- 6M
- 0.37%
- 1Y
- 6.04%
- 3Y*
- 5.46%
- 5Y*
- 0.72%
- 10Y*
- 2.63%
IGCB vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGCB TCW Corporate Bond ETF | 0.08% | 8.42% | -0.39% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.56% | 7.86% | -0.34% |
Correlation
The correlation between IGCB and USIG is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2024 | 0.85 |
The correlation between IGCB and USIG has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGCB vs. USIG — Risk / Return Rank
IGCB
USIG
IGCB vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Corporate Bond ETF (IGCB) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
| IGCB | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.17 | -0.32 |
| Martin ratioReturn relative to average drawdown | 5.69 | 7.07 | -1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGCB | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.47 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.54 | +0.55 |
Drawdowns
IGCB vs. USIG - Drawdown Comparison
The maximum IGCB drawdown since its inception was -4.20%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for IGCB and USIG.
Loading charts...
Drawdown Indicators
| IGCB | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.20% | -22.21% | +18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.79% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -1.31% | -0.97% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -3.42% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.86% | +0.09% |
Volatility
IGCB vs. USIG - Volatility Comparison
TCW Corporate Bond ETF (IGCB) has a higher volatility of 1.35% compared to iShares Broad USD Investment Grade Corporate Bond ETF (USIG) at 1.27%. This indicates that IGCB's price experiences larger fluctuations and is considered to be riskier than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGCB | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.27% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 3.04% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 4.13% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.82% | 6.82% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 6.82% | -2.00% |
IGCB vs. USIG - Expense Ratio Comparison
IGCB has a 0.35% expense ratio, which is higher than USIG's 0.04% expense ratio.
Dividends
IGCB vs. USIG - Dividend Comparison
IGCB's dividend yield for the trailing twelve months is around 4.75%, which matches USIG's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGCB TCW Corporate Bond ETF | 4.75% | 4.52% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.74% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
IGCB and USIG have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGCB has higher volatility (1.35%) compared to USIG (1.27%). In terms of maximum drawdown, IGCB dropped -4.20% vs USIG's -22.21%.
On 1-year performance, USIG leads with 6.04% vs 5.37% for IGCB. On fees, USIG is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USIG has performed better with a 6.04% return vs 5.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USIG is cheaper with a 0.04% expense ratio, compared with 0.35% for IGCB.
IGCB has the higher dividend yield at 4.75%, compared with 4.74% for USIG.
IGCB tracks Actively Managed, while USIG tracks ICE BofA US Corporate. They also come from different issuers: TCW and iShares. Their fees differ too: 0.35% for IGCB and 0.04% for USIG.
USIG currently has the higher Sharpe Ratio (1.47 vs 1.38), 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.
Find the right allocation for IGCB and USIG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer