IGEB vs. BHK

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Investment Grade Bond Factor ETF (IGEB) and BlackRock Core Bond Trust (BHK).

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.

Performance

IGEB vs. BHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Investment Grade Bond Factor ETF (IGEB) and BlackRock Core Bond Trust (BHK). The values are adjusted to include any dividend payments, if applicable.

IGEB vs. BHK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGEB iShares Investment Grade Bond Factor ETF	-0.52%	8.17%	3.10%	9.56%	-14.85%	-1.14%	11.23%	15.42%	-2.05%	1.53%
BHK BlackRock Core Bond Trust	-2.20%	2.51%	4.02%	14.42%	-32.52%	8.03%	18.02%	26.36%	-7.59%	6.07%

Returns By Period

In the year-to-date period, IGEB achieves a -0.52% return, which is significantly higher than BHK's -2.20% return.

IGEB

• 1D: 0.51%
• 1M: -1.90%
• YTD: -0.52%
• 6M: 0.32%
• 1Y: 5.18%
• 3Y*: 5.36%
• 5Y*: 1.21%
• 10Y*: —

BHK

• 1D: 1.89%
• 1M: -3.60%
• YTD: -2.20%
• 6M: -3.44%
• 1Y: -5.40%
• 3Y*: 3.84%
• 5Y*: -2.25%
• 10Y*: 3.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IGEB vs. BHK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGEB

IGEB Risk / Return Rank: 60
IGEB Sharpe Ratio Rank: 59
IGEB Sortino Ratio Rank: 56
IGEB Omega Ratio Rank: 52
IGEB Calmar Ratio Rank: 70
IGEB Martin Ratio Rank: 61

BHK

BHK Risk / Return Rank: 23
BHK Sharpe Ratio Rank: 22
BHK Sortino Ratio Rank: 19
BHK Omega Ratio Rank: 19
BHK Calmar Ratio Rank: 28
BHK Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGEB vs. BHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) and BlackRock Core Bond Trust (BHK). 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	BHK	Difference
Sharpe ratio Return per unit of total volatility	1.02	-0.45	+1.47
Sortino ratio Return per unit of downside risk	1.42	-0.49	+1.91
Omega ratio Gain probability vs. loss probability	1.19	0.93	+0.27
Calmar ratio Return relative to maximum drawdown	1.74	-0.45	+2.19
Martin ratio Return relative to average drawdown	5.88	-0.79	+6.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGEB vs. BHK - Sharpe Ratio Comparison

The current IGEB Sharpe Ratio is 1.02, which is higher than the BHK Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of IGEB and BHK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IGEB	BHK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	-0.45	+1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	-0.16	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.40	+0.07

Correlation

The correlation between IGEB and BHK is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IGEB vs. BHK - Dividend Comparison

IGEB's dividend yield for the trailing twelve months is around 4.99%, less than BHK's 9.74% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGEB iShares Investment Grade Bond Factor ETF	4.99%	4.92%	5.09%	4.60%	3.64%	3.84%	3.78%	5.61%	3.59%	1.62%	0.00%	0.00%
BHK BlackRock Core Bond Trust	9.74%	9.25%	8.56%	8.21%	7.91%	6.36%	5.06%	5.32%	6.39%	5.56%	6.23%	7.03%

Drawdowns

IGEB vs. BHK - Drawdown Comparison

The maximum IGEB drawdown since its inception was -21.13%, smaller than the maximum BHK drawdown of -39.59%. Use the drawdown chart below to compare losses from any high point for IGEB and BHK.

Drawdown Indicators

	IGEB	BHK	Difference
Max Drawdown Largest peak-to-trough decline	-21.13%	-39.59%	+18.46%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-10.44%	+7.38%
Max Drawdown (5Y) Largest decline over 5 years	-21.13%	-39.59%	+18.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.59%	—
Current Drawdown Current decline from peak	-1.95%	-20.64%	+18.69%
Average Drawdown Average peak-to-trough decline	-4.97%	-7.67%	+2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	5.96%	-5.05%

Volatility

IGEB vs. BHK - Volatility Comparison

The current volatility for iShares Investment Grade Bond Factor ETF (IGEB) is 2.13%, while BlackRock Core Bond Trust (BHK) has a volatility of 3.72%. This indicates that IGEB experiences smaller price fluctuations and is considered to be less risky than BHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGEB	BHK	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	3.72%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	6.16%	-3.27%
Volatility (1Y) Calculated over the trailing 1-year period	5.09%	12.04%	-6.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.71%	14.41%	-7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.56%	13.06%	-6.50%