IGIB vs. DVY
IGIB (iShares Intermediate-Term Corporate Bond ETF) and DVY (iShares Select Dividend ETF) are both exchange-traded funds - IGIB is a Corporate Bonds fund tracking the Bloomberg Barclays U.S. Intermediate Credit Index, while DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index. Both are passively managed. Over the past 10 years, IGIB returned 2.97%/yr vs 10.10%/yr for DVY. At a 0.01 correlation, their price movements are largely independent. IGIB charges 0.06%/yr vs 0.39%/yr for DVY.
Performance
IGIB vs. DVY - Performance Comparison
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Returns By Period
In the year-to-date period, IGIB achieves a -0.24% return, which is significantly lower than DVY's 10.24% return. Over the past 10 years, IGIB has underperformed DVY with an annualized return of 2.97%, while DVY has yielded a comparatively higher 10.10% annualized return.
IGIB
- 1D
- -0.02%
- 1M
- -0.78%
- YTD
- -0.24%
- 6M
- 0.09%
- 1Y
- 6.09%
- 3Y*
- 6.24%
- 5Y*
- 1.20%
- 10Y*
- 2.97%
DVY
- 1D
- -0.64%
- 1M
- 1.40%
- YTD
- 10.24%
- 6M
- 11.57%
- 1Y
- 21.73%
- 3Y*
- 15.00%
- 5Y*
- 8.74%
- 10Y*
- 10.10%
IGIB vs. DVY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares Intermediate-Term Corporate Bond ETF | -0.24% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
DVY iShares Select Dividend ETF | 10.24% | 11.60% | 16.24% | 1.12% | 1.80% | 31.70% | -4.91% | 22.62% | -6.36% | 14.82% |
Correlation
The correlation between IGIB and DVY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | 0.01 |
Over the past year, IGIB and DVY have become more correlated (0.33) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
IGIB vs. DVY — Risk / Return Rank
IGIB
DVY
IGIB vs. DVY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate-Term Corporate Bond ETF (IGIB) and iShares Select Dividend ETF (DVY). 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.
| IGIB | DVY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 3.17 | -1.14 |
| Martin ratioReturn relative to average drawdown | 6.77 | 11.16 | -4.39 |
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
| IGIB | DVY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.97 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.58 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.56 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.48 | +0.22 |
Drawdowns
IGIB vs. DVY - Drawdown Comparison
The maximum IGIB drawdown since its inception was -20.62%, smaller than the maximum DVY drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for IGIB and DVY.
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Drawdown Indicators
| IGIB | DVY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -62.59% | +41.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -6.89% | +3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -16.00% | +9.95% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -17.54% | -3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -20.62% | -41.59% | +20.97% |
Current DrawdownCurrent decline from peak | -1.78% | -1.48% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -8.79% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.95% | -1.05% |
Volatility
IGIB vs. DVY - Volatility Comparison
The current volatility for iShares Intermediate-Term Corporate Bond ETF (IGIB) is 1.33%, while iShares Select Dividend ETF (DVY) has a volatility of 2.70%. This indicates that IGIB experiences smaller price fluctuations and is considered to be less risky than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGIB | DVY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.70% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 7.56% | -4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 11.11% | -7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.56% | 15.21% | -8.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 18.02% | -11.96% |
IGIB vs. DVY - Expense Ratio Comparison
IGIB has a 0.06% expense ratio, which is lower than DVY's 0.39% expense ratio.
Dividends
IGIB vs. DVY - Dividend Comparison
IGIB's dividend yield for the trailing twelve months is around 4.84%, more than DVY's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 3.40% | 3.65% | 3.65% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% |
IGIB iShares Intermediate-Term Corporate Bond ETF | 4.84% | 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
IGIB and DVY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVY has higher volatility (2.70%) compared to IGIB (1.33%). In terms of maximum drawdown, IGIB dropped -20.62% vs DVY's -62.59%.
On 10-year performance, DVY leads with 10.10% vs 2.97% for IGIB. On fees, IGIB is cheaper at 0.06% per year. On volatility, IGIB has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DVY has performed better with a 10.10% return vs 2.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGIB is cheaper with a 0.06% expense ratio, compared with 0.39% for DVY.
IGIB has the higher dividend yield at 4.84%, compared with 3.40% for DVY.
IGIB is categorized as Corporate Bonds, while DVY is Large Cap Value Equities. IGIB tracks Bloomberg Barclays U.S. Intermediate Credit Index, while DVY tracks Dow Jones U.S. Select Dividend Index. Their fees differ too: 0.06% for IGIB and 0.39% for DVY.
DVY currently has the higher Sharpe Ratio (1.97 vs 1.49), 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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