IGEB vs. BBCB
IGEB (iShares Investment Grade Bond Factor ETF) and BBCB (JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - IGEB tracks the BlackRock Investment Grade Enhanced Bond Index while BBCB tracks the Bloomberg US Corporate Investment Grade. Both are passively managed. Over the past 5 years, IGEB returned 1.14%/yr vs 0.86%/yr for BBCB. Their correlation of 0.94 suggests significant overlap in exposure. IGEB charges 0.18%/yr vs 0.09%/yr for BBCB.
Performance
IGEB vs. BBCB - Performance Comparison
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Returns By Period
In the year-to-date period, IGEB achieves a 0.60% return, which is significantly lower than BBCB's 2.94% return.
IGEB
- 1D
- 0.19%
- 1M
- 0.47%
- YTD
- 0.60%
- 6M
- 0.68%
- 1Y
- 5.56%
- 3Y*
- 5.99%
- 5Y*
- 1.14%
- 10Y*
- —
BBCB
- 1D
- 0.11%
- 1M
- 0.52%
- YTD
- 2.94%
- 6M
- 2.91%
- 1Y
- 7.89%
- 3Y*
- 6.08%
- 5Y*
- 0.86%
- 10Y*
- —
IGEB vs. BBCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 0.60% | 8.17% | 3.10% | 9.56% | -14.85% | -1.14% | 11.23% | 15.42% | 0.70% |
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 2.94% | 7.69% | 1.97% | 8.42% | -15.72% | -2.23% | 10.39% | 14.86% | 0.43% |
Correlation
The correlation between IGEB and BBCB is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.94 |
The correlation between IGEB and BBCB has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
IGEB vs. BBCB — Risk / Return Rank
IGEB
BBCB
IGEB vs. BBCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) and JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB). 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.
| IGEB | BBCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.69 | -0.75 |
| Martin ratioReturn relative to average drawdown | 6.34 | 9.52 | -3.18 |
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
| IGEB | BBCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.62 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.12 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.46 | +0.03 |
Drawdowns
IGEB vs. BBCB - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, smaller than the maximum BBCB drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for IGEB and BBCB.
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Drawdown Indicators
| IGEB | BBCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.13% | -22.48% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.95% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -5.97% | -6.46% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | -22.32% | +1.19% |
Current DrawdownCurrent decline from peak | -0.84% | -0.23% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -6.66% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.83% | +0.05% |
Volatility
IGEB vs. BBCB - Volatility Comparison
The current volatility for iShares Investment Grade Bond Factor ETF (IGEB) is 1.31%, while JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) has a volatility of 1.40%. This indicates that IGEB experiences smaller price fluctuations and is considered to be less risky than BBCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGEB | BBCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.40% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 3.98% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.93% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 7.25% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.52% | 7.49% | -0.97% |
IGEB vs. BBCB - Expense Ratio Comparison
IGEB has a 0.18% expense ratio, which is higher than BBCB's 0.09% 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
IGEB vs. BBCB - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 5.05%, less than BBCB's 7.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 7.14% | 5.02% | 5.22% | 4.22% | 3.39% | 3.47% | 4.59% | 5.25% | 0.20% | 0.00% |
IGEB iShares Investment Grade Bond Factor ETF | 5.05% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% |
Frequently Asked Questions
With a correlation of 0.94, IGEB and BBCB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBCB has higher volatility (1.40%) compared to IGEB (1.31%). In terms of maximum drawdown, IGEB dropped -21.13% vs BBCB's -22.48%.
On 5-year performance, IGEB leads with 1.14% vs 0.86% for BBCB. On fees, BBCB is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGEB has performed better with a 1.14% return vs 0.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBCB is cheaper with a 0.09% expense ratio, compared with 0.18% for IGEB.
BBCB has the higher dividend yield at 7.14%, compared with 5.05% for IGEB.
IGEB tracks BlackRock Investment Grade Enhanced Bond Index, while BBCB tracks Bloomberg US Corporate Investment Grade. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.18% for IGEB and 0.09% for BBCB.
BBCB currently has the higher Sharpe Ratio (1.62 vs 1.35), 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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