IGEB vs. PTBD
Compare and contrast key facts about iShares Investment Grade Bond Factor ETF (IGEB) and Pacer Trendpilot US Bond ETF (PTBD).
IGEB and PTBD 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. PTBD is a passively managed fund by Pacer that tracks the performance of the Pacer Trendpilot US Bond Index. It was launched on Oct 22, 2019. Both IGEB and PTBD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IGEB vs. PTBD - Performance Comparison
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IGEB vs. PTBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | -0.52% | 8.17% | 3.10% | 9.56% | -14.85% | -1.14% | 11.23% | 1.31% |
PTBD Pacer Trendpilot US Bond ETF | -0.96% | 2.49% | 4.24% | 8.84% | -20.88% | 0.47% | 10.62% | 2.49% |
Returns By Period
In the year-to-date period, IGEB achieves a -0.52% return, which is significantly higher than PTBD's -0.96% return.
IGEB
- 1D
- 0.51%
- 1M
- -1.90%
- YTD
- -0.52%
- 6M
- 0.32%
- 1Y
- 5.18%
- 3Y*
- 5.36%
- 5Y*
- 1.21%
- 10Y*
- —
PTBD
- 1D
- 0.74%
- 1M
- -1.43%
- YTD
- -0.96%
- 6M
- -1.61%
- 1Y
- -0.24%
- 3Y*
- 4.24%
- 5Y*
- -1.77%
- 10Y*
- —
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IGEB vs. PTBD - Expense Ratio Comparison
IGEB has a 0.18% expense ratio, which is lower than PTBD's 0.60% expense ratio.
Return for Risk
IGEB vs. PTBD — Risk / Return Rank
IGEB
PTBD
IGEB vs. PTBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) and Pacer Trendpilot US Bond ETF (PTBD). 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 | PTBD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | -0.05 | +1.08 |
Sortino ratioReturn per unit of downside risk | 1.42 | -0.04 | +1.46 |
Omega ratioGain probability vs. loss probability | 1.19 | 0.99 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.06 | +1.80 |
Martin ratioReturn relative to average drawdown | 5.88 | -0.14 | +6.02 |
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 | PTBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | -0.05 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | -0.25 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.07 | +0.40 |
Correlation
The correlation between IGEB and PTBD is 0.57, 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. PTBD - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 4.99%, less than PTBD's 5.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PTBD Pacer Trendpilot US Bond ETF | 5.46% | 5.62% | 6.56% | 6.55% | 6.14% | 2.70% | 2.50% | 0.62% | 0.00% | 0.00% |
Drawdowns
IGEB vs. PTBD - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, smaller than the maximum PTBD drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for IGEB and PTBD.
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Drawdown Indicators
| IGEB | PTBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.13% | -26.00% | +4.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -3.36% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.13% | -26.00% | +4.87% |
Current DrawdownCurrent decline from peak | -1.95% | -10.63% | +8.68% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -10.19% | +5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.35% | -0.44% |
Volatility
IGEB vs. PTBD - Volatility Comparison
iShares Investment Grade Bond Factor ETF (IGEB) has a higher volatility of 2.13% compared to Pacer Trendpilot US Bond ETF (PTBD) at 1.90%. This indicates that IGEB's price experiences larger fluctuations and is considered to be riskier than PTBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGEB | PTBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 1.90% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.81% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.09% | 4.54% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 7.23% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 7.88% | -1.32% |