IGE vs. IGEB
IGE (iShares North American Natural Resources ETF) and IGEB (iShares Investment Grade Bond Factor ETF) are both exchange-traded funds - IGE is a Energy Equities fund tracking the S&P North American Natural Resources Sector Index, while IGEB is a Corporate Bonds fund tracking the BlackRock Investment Grade Enhanced Bond Index. Both are passively managed. Over the past 5 years, IGE returned 16.68%/yr vs 0.96%/yr for IGEB. At a 0.04 correlation, their price movements are largely independent. IGE charges 0.39%/yr vs 0.18%/yr for IGEB.
Performance
IGE vs. IGEB - Performance Comparison
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Returns By Period
In the year-to-date period, IGE achieves a 16.30% return, which is significantly higher than IGEB's 0.51% return.
IGE
- 1D
- 0.73%
- 1M
- -5.61%
- YTD
- 16.30%
- 6M
- 16.09%
- 1Y
- 31.04%
- 3Y*
- 18.81%
- 5Y*
- 16.68%
- 10Y*
- 9.16%
IGEB
- 1D
- -0.17%
- 1M
- 0.59%
- YTD
- 0.51%
- 6M
- 0.74%
- 1Y
- 5.16%
- 3Y*
- 5.84%
- 5Y*
- 0.96%
- 10Y*
- —
IGE vs. IGEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 16.30% | 20.41% | 7.55% | 3.12% | 33.24% | 39.42% | -19.58% | 17.16% | -21.59% | 13.59% |
IGEB iShares Investment Grade Bond Factor ETF | 0.51% | 8.17% | 3.10% | 9.56% | -14.85% | -1.14% | 11.23% | 15.42% | -2.05% | 1.53% |
Correlation
The correlation between IGE and IGEB is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2017 | 0.04 |
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Return for Risk
IGE vs. IGEB — Risk / Return Rank
IGE
IGEB
IGE vs. IGEB - Risk-Adjusted Trends 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.
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.
| IGE | IGEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 1.80 | +1.75 |
| Martin ratioReturn relative to average drawdown | 11.85 | 5.73 | +6.12 |
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Drawdowns
IGE vs. IGEB - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.55%, 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.
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Drawdown Indicators
| IGE | IGEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -21.13% | -46.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -2.88% | -5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.49% | -5.95% | -13.54% |
Max Drawdown (5Y)Largest decline over 5 years | -25.72% | -21.13% | -4.59% |
Max Drawdown (10Y)Largest decline over 10 years | -60.57% | — | — |
Current DrawdownCurrent decline from peak | -8.13% | -0.93% | -7.20% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -4.88% | -13.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 0.90% | +1.74% |
Volatility
IGE vs. IGEB - Volatility Comparison
iShares North American Natural Resources ETF (IGE) has a higher volatility of 5.31% compared to iShares Investment Grade Bond Factor ETF (IGEB) at 1.17%. 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.
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Volatility by Period
| IGE | IGEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 1.17% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 3.17% | +9.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 4.15% | +12.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 6.70% | +15.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.95% | 6.51% | +18.44% |
IGE vs. IGEB - Expense Ratio Comparison
IGE has a 0.39% expense ratio, which is higher than IGEB's 0.18% expense ratio.
Dividends
IGE vs. IGEB - Dividend Comparison
IGE's dividend yield for the trailing twelve months is around 2.05%, less than IGEB's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 2.05% | 2.32% | 2.54% | 2.85% | 2.96% | 2.92% | 3.34% | 5.55% | 2.68% | 2.11% | 1.66% | 3.08% |
IGEB iShares Investment Grade Bond Factor ETF | 5.06% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% | 0.00% | 0.00% |
Frequently Asked Questions
IGE and IGEB have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGE has higher volatility (5.31%) compared to IGEB (1.17%). In terms of maximum drawdown, IGE dropped -67.55% vs IGEB's -21.13%.
On 5-year performance, IGE leads with 16.68% vs 0.96% for IGEB. On fees, IGEB is cheaper at 0.18% per year. On volatility, IGEB has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGE has performed better with a 16.68% return vs 0.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGEB is cheaper with a 0.18% expense ratio, compared with 0.39% for IGE.
IGEB has the higher dividend yield at 5.06%, compared with 2.05% for IGE.
IGE is categorized as Energy Equities, while IGEB is Corporate Bonds. IGE tracks S&P North American Natural Resources Sector Index, while IGEB tracks BlackRock Investment Grade Enhanced Bond Index. Their fees differ too: 0.39% for IGE and 0.18% for IGEB.
IGE currently has the higher Sharpe Ratio (1.89 vs 1.25), 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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