IGIB vs. IEF
IGIB (iShares 5-10 Year Investment Grade Corporate Bond ETF) and IEF (iShares 7-10 Year Treasury Bond ETF) are both exchange-traded funds - IGIB is a Corporate Bonds fund tracking the ICE BofA 5-10 Year US Corporate Index, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 10 years, IGIB returned 2.99%/yr vs 0.51%/yr for IEF. A 0.76 correlation means they provide meaningful diversification when combined. IGIB charges 0.04%/yr vs 0.15%/yr for IEF.
Performance
IGIB vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, IGIB achieves a 0.27% return, which is significantly higher than IEF's -0.66% return. Over the past 10 years, IGIB has outperformed IEF with an annualized return of 2.99%, while IEF has yielded a comparatively lower 0.51% 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%
IEF
- 1D
- -0.38%
- 1M
- 0.46%
- YTD
- -0.66%
- 6M
- -0.64%
- 1Y
- 3.24%
- 3Y*
- 2.55%
- 5Y*
- -1.20%
- 10Y*
- 0.51%
IGIB vs. IEF - 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% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.66% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Correlation
The correlation between IGIB and IEF is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | 0.76 |
The correlation between IGIB and IEF shifts across timeframes, from 0.76 (all time) to 0.94 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGIB vs. IEF — Risk / Return Rank
IGIB
IEF
IGIB vs. IEF - 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 iShares 7-10 Year Treasury Bond ETF (IEF). 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 | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.12 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.80 | +1.04 |
| Martin ratioReturn relative to average drawdown | 5.94 | 2.17 | +3.77 |
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Drawdowns
IGIB vs. IEF - Drawdown Comparison
The maximum IGIB drawdown since its inception was -20.62%, smaller than the maximum IEF drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for IGIB and IEF.
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Drawdown Indicators
| IGIB | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -23.93% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -4.07% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -7.74% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -21.40% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -20.62% | -23.93% | +3.31% |
Current DrawdownCurrent decline from peak | -1.27% | -11.35% | +10.08% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -5.36% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.49% | -0.56% |
Volatility
IGIB vs. IEF - Volatility Comparison
The current volatility for iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is 1.22%, while iShares 7-10 Year Treasury Bond ETF (IEF) has a volatility of 1.41%. This indicates that IGIB experiences smaller price fluctuations and is considered to be less risky than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGIB | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.41% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 3.49% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.73% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 7.71% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 6.63% | -0.56% |
IGIB vs. IEF - Expense Ratio Comparison
IGIB has a 0.04% expense ratio, which is lower than IEF's 0.15% expense ratio. Despite the difference, 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. IEF - Dividend Comparison
IGIB's dividend yield for the trailing twelve months is around 4.81%, more than IEF's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.90% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
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 0.93, IGIB and IEF 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.
IEF has higher volatility (1.41%) compared to IGIB (1.22%). In terms of maximum drawdown, IGIB dropped -20.62% vs IEF's -23.93%.
On 10-year performance, IGIB leads with 2.99% vs 0.51% for IEF. On fees, IGIB is cheaper at 0.04% per year. On volatility, IGIB has been the lower-risk option at 1.22%. 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 0.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGIB is cheaper with a 0.04% expense ratio, compared with 0.15% for IEF.
IGIB has the higher dividend yield at 4.81%, compared with 3.90% for IEF.
IGIB is categorized as Corporate Bonds, while IEF is Government Bonds. IGIB tracks ICE BofA 5-10 Year US Corporate Index, while IEF tracks ICE U.S. Treasury 7-10 Year Bond Index. Their fees differ too: 0.04% for IGIB and 0.15% for IEF.
IGIB currently has the higher Sharpe Ratio (1.34 vs 0.69), 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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