IGF vs. VGSH
IGF (iShares Global Infrastructure ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index, while VGSH is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 10 years, IGF returned 8.26%/yr vs 1.71%/yr for VGSH. At a 0.00 correlation, their price movements are largely independent. IGF charges 0.39%/yr vs 0.03%/yr for VGSH.
Performance
IGF vs. VGSH - Performance Comparison
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Returns By Period
In the year-to-date period, IGF achieves a 7.07% return, which is significantly higher than VGSH's 0.36% return. Over the past 10 years, IGF has outperformed VGSH with an annualized return of 8.26%, while VGSH has yielded a comparatively lower 1.71% annualized return.
IGF
- 1D
- -0.73%
- 1M
- -1.91%
- YTD
- 7.07%
- 6M
- 8.23%
- 1Y
- 13.89%
- 3Y*
- 15.43%
- 5Y*
- 9.75%
- 10Y*
- 8.26%
VGSH
- 1D
- 0.00%
- 1M
- -0.20%
- YTD
- 0.36%
- 6M
- 0.76%
- 1Y
- 3.41%
- 3Y*
- 4.14%
- 5Y*
- 1.79%
- 10Y*
- 1.71%
IGF vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 7.07% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
VGSH Vanguard Short-Term Treasury ETF | 0.36% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 3.04% | 3.52% | 1.55% | 0.04% |
Correlation
The correlation between IGF and VGSH is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.00 |
Over the past year, IGF and VGSH have become more correlated (0.28) than their long-term average of 0.00, meaning their price movements have been converging.
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Return for Risk
IGF vs. VGSH — Risk / Return Rank
IGF
VGSH
IGF vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) and Vanguard Short-Term Treasury ETF (VGSH). 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.
| IGF | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.57 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.88 | -1.50 |
| Martin ratioReturn relative to average drawdown | 7.08 | 15.29 | -8.22 |
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
| IGF | VGSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.69 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.91 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 1.09 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.01 | -0.77 |
Drawdowns
IGF vs. VGSH - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for IGF and VGSH.
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Drawdown Indicators
| IGF | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -5.70% | -52.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -0.88% | -4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -0.97% | -13.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -5.66% | -15.17% |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | -5.70% | -36.41% |
Current DrawdownCurrent decline from peak | -5.29% | -0.41% | -4.88% |
Average DrawdownAverage peak-to-trough decline | -11.87% | -0.60% | -11.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 0.22% | +1.75% |
Volatility
IGF vs. VGSH - Volatility Comparison
iShares Global Infrastructure ETF (IGF) has a higher volatility of 3.61% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.35%. This indicates that IGF's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGF | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 0.35% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 0.89% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 1.28% | +9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 1.97% | +12.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 1.58% | +15.26% |
IGF vs. VGSH - Expense Ratio Comparison
IGF has a 0.39% expense ratio, which is higher than VGSH's 0.03% expense ratio.
Dividends
IGF vs. VGSH - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 3.01%, less than VGSH's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 3.01% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
VGSH Vanguard Short-Term Treasury ETF | 3.88% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
IGF and VGSH have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGF has higher volatility (3.61%) compared to VGSH (0.35%). In terms of maximum drawdown, IGF dropped -58.33% vs VGSH's -5.70%.
On 10-year performance, IGF leads with 8.26% vs 1.71% for VGSH. On fees, VGSH is cheaper at 0.03% per year. On volatility, VGSH has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGF has performed better with a 8.26% return vs 1.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.39% for IGF.
VGSH has the higher dividend yield at 3.88%, compared with 3.01% for IGF.
IGF is categorized as Industrials Equities, while VGSH is Government Bonds. IGF tracks S&P Global Infrastructure Index, while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.39% for IGF and 0.03% for VGSH.
VGSH currently has the higher Sharpe Ratio (2.69 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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