IGEB vs. VOO
Compare and contrast key facts about iShares Investment Grade Bond Factor ETF (IGEB) and Vanguard S&P 500 ETF (VOO).
IGEB and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both IGEB and VOO 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 VOO.
Key characteristics
| IGEB | VOO | |
|---|---|---|
| YTD Return | 3.20% | 26.94% |
| 1Y Return | 9.69% | 35.06% |
| 3Y Return (Ann) | -1.27% | 10.23% |
| 5Y Return (Ann) | 1.40% | 15.77% |
| Sharpe Ratio | 1.90 | 3.08 |
| Sortino Ratio | 2.87 | 4.09 |
| Omega Ratio | 1.34 | 1.58 |
| Calmar Ratio | 0.80 | 4.46 |
| Martin Ratio | 8.33 | 20.36 |
| Ulcer Index | 1.35% | 1.85% |
| Daily Std Dev | 5.89% | 12.23% |
| Max Drawdown | -21.13% | -33.99% |
| Current Drawdown | -5.40% | -0.25% |
Correlation
The correlation between IGEB and VOO is 0.21, 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. VOO - Performance Comparison
In the year-to-date period, IGEB achieves a 3.20% return, which is significantly lower than VOO's 26.94% 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. VOO - Expense Ratio Comparison
IGEB has a 0.18% expense ratio, which is higher than VOO's 0.03% 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 4.88%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 4.88% | 4.60% | 3.63% | 3.84% | 3.77% | 5.61% | 3.59% | 1.61% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
IGEB vs. VOO - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IGEB and VOO. For additional features, visit the drawdowns tool.
Volatility
IGEB vs. VOO - Volatility Comparison
The current volatility for iShares Investment Grade Bond Factor ETF (IGEB) is 1.92%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.78%. This indicates that IGEB experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.