IGCB vs. USIG
Compare and contrast key facts about TCW Corporate Bond ETF (IGCB) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG).
IGCB and USIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGCB is a passively managed fund by TCW that tracks the performance of the Actively Managed. It was launched on Jun 29, 2018. USIG is a passively managed fund by iShares that tracks the performance of the ICE BofA US Corporate. It was launched on Jan 5, 2007. Both IGCB and USIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IGCB vs. USIG - Performance Comparison
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IGCB vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGCB TCW Corporate Bond ETF | -0.21% | 8.42% | -0.39% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.06% | 7.86% | -0.34% |
Returns By Period
In the year-to-date period, IGCB achieves a -0.21% return, which is significantly lower than USIG's 0.06% return.
IGCB
- 1D
- 0.15%
- 1M
- -0.91%
- YTD
- -0.21%
- 6M
- 0.18%
- 1Y
- 5.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- 0.29%
- 1M
- -1.10%
- YTD
- 0.06%
- 6M
- 0.37%
- 1Y
- 5.01%
- 3Y*
- 4.85%
- 5Y*
- 0.90%
- 10Y*
- 2.75%
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IGCB vs. USIG - Expense Ratio Comparison
IGCB has a 0.35% expense ratio, which is higher than USIG's 0.04% expense ratio.
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 | 1.12 | 1.00 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.37 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.85 | -0.12 |
Martin ratioReturn relative to average drawdown | 5.56 | 5.67 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGCB | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.00 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.54 | +0.62 |
Correlation
The correlation between IGCB and USIG is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IGCB vs. USIG - Dividend Comparison
IGCB's dividend yield for the trailing twelve months is around 4.67%, which matches USIG's 4.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGCB TCW Corporate Bond ETF | 4.67% | 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 | 4.69% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
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.
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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 (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -1.60% | -1.45% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -3.44% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.91% | -0.01% |
Volatility
IGCB vs. USIG - Volatility Comparison
The current volatility for TCW Corporate Bond ETF (IGCB) is 1.74%, while iShares Broad USD Investment Grade Corporate Bond ETF (USIG) has a volatility of 2.13%. This indicates that IGCB experiences smaller price fluctuations and is considered to be less risky than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGCB | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 2.13% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.89% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 5.05% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 6.83% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 6.82% | -1.89% |