IGIB vs. BND
IGIB (iShares 5-10 Year Investment Grade Corporate Bond ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - IGIB is a Corporate Bonds fund tracking the ICE BofA 5-10 Year US Corporate Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, IGIB returned 2.99%/yr vs 1.55%/yr for BND. Their correlation of 0.81 suggests significant overlap in exposure. IGIB charges 0.04%/yr vs 0.03%/yr for BND.
Performance
IGIB vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, IGIB achieves a 0.27% return, which is significantly lower than BND's 0.38% return. Over the past 10 years, IGIB has outperformed BND with an annualized return of 2.99%, while BND has yielded a comparatively lower 1.55% annualized return.
IGIB
- 1D
- -0.19%
- 1M
- 0.56%
- YTD
- 0.27%
- 6M
- 0.44%
- 1Y
- 5.52%
- 3Y*
- 6.26%
- 5Y*
- 1.29%
- 10Y*
- 2.99%
BND
- 1D
- -0.27%
- 1M
- 0.53%
- YTD
- 0.38%
- 6M
- 0.45%
- 1Y
- 4.37%
- 3Y*
- 3.92%
- 5Y*
- 0.04%
- 10Y*
- 1.55%
IGIB vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.27% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
BND Vanguard Total Bond Market ETF | 0.38% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between IGIB and BND is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | 0.81 |
The correlation between IGIB and BND shifts across timeframes, from 0.81 (all time) to 0.97 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGIB vs. BND — Risk / Return Rank
IGIB
BND
IGIB vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) and Vanguard Total Bond Market ETF (BND). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGIB | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.64 | +0.20 |
| Martin ratioReturn relative to average drawdown | 5.94 | 4.69 | +1.25 |
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Drawdowns
IGIB vs. BND - Drawdown Comparison
The maximum IGIB drawdown since its inception was -20.62%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for IGIB and BND.
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Drawdown Indicators
| IGIB | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -18.58% | -2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.68% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -5.92% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -17.91% | -2.71% |
Max Drawdown (10Y)Largest decline over 10 years | -20.62% | -18.58% | -2.04% |
Current DrawdownCurrent decline from peak | -1.27% | -2.26% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -3.06% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.93% | 0.00% |
Volatility
IGIB vs. BND - Volatility Comparison
iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) has a higher volatility of 1.22% compared to Vanguard Total Bond Market ETF (BND) at 1.08%. This indicates that IGIB's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGIB | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.08% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 2.77% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 3.74% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 6.03% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 5.54% | +0.53% |
IGIB vs. BND - Expense Ratio Comparison
IGIB has a 0.04% expense ratio, which is higher than BND'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%.
Dividends
IGIB vs. BND - Dividend Comparison
IGIB's dividend yield for the trailing twelve months is around 4.81%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 4.81% | 4.59% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% |
Frequently Asked Questions
With a correlation of 0.96, IGIB and BND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IGIB has higher volatility (1.22%) compared to BND (1.08%). In terms of maximum drawdown, IGIB dropped -20.62% vs BND's -18.58%.
On 10-year performance, IGIB leads with 2.99% vs 1.55% for BND. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGIB has performed better with a 2.99% return vs 1.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.04% for IGIB.
IGIB has the higher dividend yield at 4.81%, compared with 3.96% for BND.
IGIB is categorized as Corporate Bonds, while BND is Total Bond Market. IGIB tracks ICE BofA 5-10 Year US Corporate Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.04% for IGIB and 0.03% for BND.
IGIB currently has the higher Sharpe Ratio (1.34 vs 1.18), 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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