IGIB vs. IGBH
IGIB (iShares Intermediate-Term Corporate Bond ETF) and IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) are both Corporate Bonds funds from iShares - IGIB tracks the Bloomberg Barclays U.S. Intermediate Credit Index while IGBH tracks the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. Both are passively managed. Over the past 10 years, IGIB returned 3.04%/yr vs 5.04%/yr for IGBH. At a 0.21 correlation, their price movements are largely independent. IGIB charges 0.06%/yr vs 0.16%/yr for IGBH.
Performance
IGIB vs. IGBH - Performance Comparison
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Returns By Period
In the year-to-date period, IGIB achieves a 0.21% return, which is significantly lower than IGBH's 2.31% return. Over the past 10 years, IGIB has underperformed IGBH with an annualized return of 3.04%, while IGBH has yielded a comparatively higher 5.04% annualized return.
IGIB
- 1D
- -0.19%
- 1M
- 0.31%
- YTD
- 0.21%
- 6M
- 0.14%
- 1Y
- 6.27%
- 3Y*
- 6.21%
- 5Y*
- 1.37%
- 10Y*
- 3.04%
IGBH
- 1D
- -0.12%
- 1M
- 1.78%
- YTD
- 2.31%
- 6M
- 3.18%
- 1Y
- 9.39%
- 3Y*
- 8.96%
- 5Y*
- 5.27%
- 10Y*
- 5.04%
IGIB vs. IGBH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares Intermediate-Term Corporate Bond ETF | 0.21% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 2.31% | 7.90% | 7.80% | 12.12% | -2.82% | 2.20% | 1.09% | 9.62% | -4.54% | 9.36% |
Correlation
The correlation between IGIB and IGBH is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2015 | 0.21 |
Over the past year, IGIB and IGBH have become more correlated (0.42) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
IGIB vs. IGBH — Risk / Return Rank
IGIB
IGBH
IGIB vs. IGBH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate-Term Corporate Bond ETF (IGIB) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH). 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 | IGBH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.45 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.22 | -0.13 |
| Martin ratioReturn relative to average drawdown | 7.08 | 8.15 | -1.07 |
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 | IGBH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.33 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.86 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.55 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.52 | +0.18 |
Drawdowns
IGIB vs. IGBH - Drawdown Comparison
The maximum IGIB drawdown since its inception was -20.62%, smaller than the maximum IGBH drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for IGIB and IGBH.
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Drawdown Indicators
| IGIB | IGBH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -33.67% | +13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -4.24% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -6.93% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -10.48% | -10.14% |
Max Drawdown (10Y)Largest decline over 10 years | -20.62% | -33.67% | +13.05% |
Current DrawdownCurrent decline from peak | -1.33% | -0.19% | -1.14% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -2.67% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.15% | -0.26% |
Volatility
IGIB vs. IGBH - Volatility Comparison
iShares Intermediate-Term Corporate Bond ETF (IGIB) has a higher volatility of 1.33% compared to iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) at 0.87%. This indicates that IGIB's price experiences larger fluctuations and is considered to be riskier than IGBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGIB | IGBH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.87% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 3.14% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 4.05% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.56% | 6.13% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 9.20% | -3.14% |
IGIB vs. IGBH - Expense Ratio Comparison
IGIB has a 0.06% expense ratio, which is lower than IGBH's 0.16% 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. IGBH - Dividend Comparison
IGIB's dividend yield for the trailing twelve months is around 4.82%, less than IGBH's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 5.66% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
IGIB iShares Intermediate-Term Corporate Bond ETF | 4.82% | 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 IGBH have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGIB has higher volatility (1.33%) compared to IGBH (0.87%). In terms of maximum drawdown, IGIB dropped -20.62% vs IGBH's -33.67%.
On 10-year performance, IGBH leads with 5.04% vs 3.04% for IGIB. On fees, IGIB is cheaper at 0.06% per year. On volatility, IGBH has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGBH has performed better with a 5.04% return vs 3.04%. 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 0.16% for IGBH.
IGBH has the higher dividend yield at 5.66%, compared with 4.82% for IGIB.
IGIB tracks Bloomberg Barclays U.S. Intermediate Credit Index, while IGBH tracks BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. Their fees differ too: 0.06% for IGIB and 0.16% for IGBH.
IGBH currently has the higher Sharpe Ratio (2.33 vs 1.52), 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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