IGEB vs. IGE
Compare and contrast key facts about iShares Investment Grade Bond Factor ETF (IGEB) and iShares North American Natural Resources ETF (IGE).
IGEB and IGE 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. 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. Both IGEB and IGE 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 IGE.
Key characteristics
| IGEB | IGE | |
|---|---|---|
| YTD Return | 4.14% | 16.37% |
| 1Y Return | 11.74% | 22.13% |
| 3Y Return (Ann) | -1.28% | 15.67% |
| 5Y Return (Ann) | 1.72% | 13.55% |
| Sharpe Ratio | 2.07 | 1.28 |
| Sortino Ratio | 3.11 | 1.77 |
| Omega Ratio | 1.37 | 1.22 |
| Calmar Ratio | 0.81 | 2.07 |
| Martin Ratio | 9.37 | 5.61 |
| Ulcer Index | 1.31% | 3.67% |
| Daily Std Dev | 5.91% | 16.11% |
| Max Drawdown | -21.13% | -67.73% |
| Current Drawdown | -4.54% | 0.00% |
Correlation
The correlation between IGEB and IGE 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
IGEB vs. IGE - Performance Comparison
In the year-to-date period, IGEB achieves a 4.14% return, which is significantly lower than IGE's 16.37% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IGEB vs. IGE - Expense Ratio Comparison
IGEB has a 0.18% expense ratio, which is lower than IGE's 0.46% expense ratio.
Risk-Adjusted Performance
IGEB vs. IGE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) and iShares North American Natural Resources ETF (IGE). 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. IGE - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 4.84%, more than IGE's 2.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 4.84% | 4.60% | 3.63% | 3.84% | 3.77% | 5.61% | 3.59% | 1.61% | 0.00% | 0.00% | 0.00% | 0.00% |
IGE iShares North American Natural Resources ETF | 2.44% | 2.85% | 2.95% | 2.92% | 3.34% | 5.55% | 2.68% | 2.11% | 1.66% | 3.07% | 1.83% | 1.50% |
Drawdowns
IGEB vs. IGE - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, smaller than the maximum IGE drawdown of -67.73%. Use the drawdown chart below to compare losses from any high point for IGEB and IGE. For additional features, visit the drawdowns tool.
Volatility
IGEB vs. IGE - Volatility Comparison
The current volatility for iShares Investment Grade Bond Factor ETF (IGEB) is 1.85%, while iShares North American Natural Resources ETF (IGE) has a volatility of 4.48%. This indicates that IGEB experiences smaller price fluctuations and is considered to be less risky than IGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.