IGEB vs. IGBH
Compare and contrast key facts about iShares Investment Grade Bond Factor ETF (IGEB) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH).
IGEB and IGBH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IGBH is a passively managed fund by iShares that tracks the performance of the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. It was launched on Jul 22, 2015. Both IGEB and IGBH 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: IGEB or IGBH.
Key characteristics
| IGEB | IGBH | |
|---|---|---|
| YTD Return | 4.29% | 7.80% |
| 1Y Return | 12.71% | 10.85% |
| 3Y Return (Ann) | -1.36% | 5.08% |
| 5Y Return (Ann) | 1.75% | 4.67% |
| Sharpe Ratio | 2.02 | 2.72 |
| Sortino Ratio | 3.03 | 3.82 |
| Omega Ratio | 1.36 | 1.56 |
| Calmar Ratio | 0.78 | 3.66 |
| Martin Ratio | 9.07 | 15.62 |
| Ulcer Index | 1.31% | 0.71% |
| Daily Std Dev | 5.90% | 4.09% |
| Max Drawdown | -21.13% | -33.67% |
| Current Drawdown | -4.40% | 0.00% |
Correlation
The correlation between IGEB and IGBH is 0.23, 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
IGEB vs. IGBH - Performance Comparison
In the year-to-date period, IGEB achieves a 4.29% return, which is significantly lower than IGBH's 7.80% 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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IGEB vs. IGBH - Expense Ratio Comparison
IGEB has a 0.18% expense ratio, which is higher than IGBH's 0.16% 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%.
Risk-Adjusted Performance
IGEB vs. IGBH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH). 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
IGEB vs. IGBH - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 4.83%, less than IGBH's 7.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 4.83% | 4.60% | 3.63% | 3.84% | 3.77% | 5.61% | 3.59% | 1.61% | 0.00% | 0.00% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 7.22% | 7.32% | 3.84% | 2.71% | 2.39% | 3.39% | 6.06% | 2.88% | 2.63% | 1.12% |
Drawdowns
IGEB vs. IGBH - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, smaller than the maximum IGBH drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for IGEB and IGBH. For additional features, visit the drawdowns tool.
Volatility
IGEB vs. IGBH - Volatility Comparison
iShares Investment Grade Bond Factor ETF (IGEB) has a higher volatility of 1.85% compared to iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) at 1.07%. This indicates that IGEB's price experiences larger fluctuations and is considered to be riskier than IGBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.