IGE vs. IGEB
Compare and contrast key facts about iShares North American Natural Resources ETF (IGE) and iShares Investment Grade Bond Factor ETF (IGEB).
IGE and IGEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGE is a passively managed fund by iShares that tracks the performance of the S&P North American Natural Resources Sector Index. It was launched on Oct 26, 2001. 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. Both IGE and IGEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGE or IGEB.
Key characteristics
| IGE | IGEB | |
|---|---|---|
| YTD Return | 13.19% | -2.74% |
| 1Y Return | 20.87% | 2.02% |
| 3Y Return (Ann) | 21.26% | -2.64% |
| 5Y Return (Ann) | 11.80% | 1.73% |
| Sharpe Ratio | 1.12 | 0.24 |
| Daily Std Dev | 17.20% | 7.03% |
| Max Drawdown | -67.73% | -21.13% |
| Current Drawdown | -1.38% | -10.87% |
Correlation
The correlation between IGE and IGEB is 0.03, 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.
Performance
IGE vs. IGEB - Performance Comparison
In the year-to-date period, IGE achieves a 13.19% return, which is significantly higher than IGEB's -2.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGE vs. IGEB - Expense Ratio Comparison
IGE has a 0.46% expense ratio, which is higher than IGEB's 0.18% expense ratio.
Risk-Adjusted Performance
IGE vs. IGEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) 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.
Dividends
IGE vs. IGEB - Dividend Comparison
IGE's dividend yield for the trailing twelve months is around 2.38%, less than IGEB's 4.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 2.38% | 2.85% | 2.96% | 2.92% | 3.34% | 5.50% | 2.61% | 2.05% | 1.61% | 2.99% | 1.78% | 1.46% |
IGEB iShares Investment Grade Bond Factor ETF | 4.97% | 4.60% | 3.61% | 3.84% | 3.78% | 5.62% | 3.59% | 1.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGE vs. IGEB - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.73%, which is greater than IGEB's maximum drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for IGE and IGEB. For additional features, visit the drawdowns tool.
Volatility
IGE vs. IGEB - Volatility Comparison
iShares North American Natural Resources ETF (IGE) has a higher volatility of 3.54% compared to iShares Investment Grade Bond Factor ETF (IGEB) at 1.94%. This indicates that IGE's price experiences larger fluctuations and is considered to be riskier than IGEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.