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IGIB vs. IWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGIB vs. IWM

Last updated Jun 4, 2026

IGIB (iShares Intermediate-Term Corporate Bond ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - IGIB is a Corporate Bonds fund tracking the Bloomberg Barclays U.S. Intermediate Credit Index, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, IGIB returned 3.04%/yr vs 10.93%/yr for IWM. At a 0.01 correlation, their price movements are largely independent. IGIB charges 0.06%/yr vs 0.19%/yr for IWM.

Performance

IGIB vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Intermediate-Term Corporate Bond ETF (IGIB) and iShares Russell 2000 ETF (IWM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IGIB achieves a 0.21% return, which is significantly lower than IWM's 17.07% return. Over the past 10 years, IGIB has underperformed IWM with an annualized return of 3.04%, while IWM has yielded a comparatively higher 10.93% 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%

IWM

1D
-1.37%
1M
3.52%
YTD
17.07%
6M
15.83%
1Y
39.10%
3Y*
17.88%
5Y*
6.11%
10Y*
10.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGIB vs. IWM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IWM
iShares Russell 2000 ETF		17.07%12.66%11.38%16.83%-20.48%14.54%20.03%25.39%-11.12%14.58%

Correlation

The correlation between IGIB and IWM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2007

0.01

Over the past year, IGIB and IWM have become more correlated (0.38) than their long-term average of 0.01, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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iShares Intermediate-Term Corporate Bond ETF

iShares Russell 2000 ETF

Often compared with IGIB:
IGIB vs. VCITIGIB vs. IGSBIGIB vs. LQDIGIB vs. USIGIGIB vs. VGITIGIB vs. AGGIGIB vs. BND
Often compared with IWM:
IWM vs. SPYIWM vs. VTWOIWM vs. IJRIWM vs. AVUVIWM vs. IWNIWM vs. VOOIWM vs. IWO

Return for Risk

IGIB vs. IWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGIB
IGIB Risk / Return Rank: 4242
Overall Rank
IGIB Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IGIB Sortino Ratio Rank: 4444
Sortino Ratio Rank
IGIB Omega Ratio Rank: 4141
Omega Ratio Rank
IGIB Calmar Ratio Rank: 4242
Calmar Ratio Rank
IGIB Martin Ratio Rank: 4343
Martin Ratio Rank
IWM
IWM Risk / Return Rank: 6262
Overall Rank
IWM Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
IWM Sortino Ratio Rank: 5959
Sortino Ratio Rank
IWM Omega Ratio Rank: 5353
Omega Ratio Rank
IWM Calmar Ratio Rank: 7070
Calmar Ratio Rank
IWM Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGIB vs. IWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate-Term Corporate Bond ETF (IGIB) and iShares Russell 2000 ETF (IWM). 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.

IGIBIWMDifference
Sharpe ratioReturn per unit of total volatility
1.52
2.05

-0.53

Sortino ratioReturn per unit of downside risk
2.26
2.85

-0.60

Omega ratioGain probability vs. loss probability

1.27

1.34

-0.07

Calmar ratioReturn relative to maximum drawdown

2.09

3.56

-1.47

Martin ratioReturn relative to average drawdown

7.08

12.64

-5.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGIB vs. IWM - Sharpe Ratio Comparison

The current IGIB Sharpe Ratio is 1.52, which is comparable to the IWM Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of IGIB and IWM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IGIBIWMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.52

2.05

-0.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.21

0.27

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.48

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.37

+0.33

Drawdowns

IGIB vs. IWM - Drawdown Comparison

The maximum IGIB drawdown since its inception was -20.62%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for IGIB and IWM.

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Drawdown Indicators

IGIBIWMDifference

Max Drawdown

Largest peak-to-trough decline

-20.62%

-59.05%

+38.43%

Max Drawdown (1Y)

Largest decline over 1 year

-3.01%

-11.03%

+8.02%

Max Drawdown (3Y)

Largest decline over 3 years

-6.05%

-27.50%

+21.45%

Max Drawdown (5Y)

Largest decline over 5 years

-20.62%

-31.91%

+11.29%

Max Drawdown (10Y)

Largest decline over 10 years

-20.62%

-41.13%

+20.51%

Current Drawdown

Current decline from peak

-1.33%

-1.49%

+0.16%

Average Drawdown

Average peak-to-trough decline

-2.58%

-10.77%

+8.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.89%

3.10%

-2.21%

Volatility

IGIB vs. IWM - Volatility Comparison

The current volatility for iShares Intermediate-Term Corporate Bond ETF (IGIB) is 1.33%, while iShares Russell 2000 ETF (IWM) has a volatility of 5.75%. This indicates that IGIB experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IGIBIWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.33%

5.75%

-4.42%

Volatility (6M)

Calculated over the trailing 6-month period

3.08%

13.53%

-10.45%

Volatility (1Y)

Calculated over the trailing 1-year period

4.14%

19.20%

-15.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.56%

22.52%

-15.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.06%

23.04%

-16.98%

IGIB vs. IWM - Expense Ratio Comparison

IGIB has a 0.06% expense ratio, which is lower than IWM's 0.19% 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. IWM - Dividend Comparison

IGIB's dividend yield for the trailing twelve months is around 4.82%, more than IWM's 0.88% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IWM
iShares Russell 2000 ETF		0.88%1.04%1.15%1.35%1.48%0.94%1.04%1.26%1.40%1.26%1.38%1.54%

Frequently Asked Questions

IGIB and IWM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWM has higher volatility (5.75%) compared to IGIB (1.33%). In terms of maximum drawdown, IGIB dropped -20.62% vs IWM's -59.05%.

On 10-year performance, IWM leads with 10.93% vs 3.04% 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, IWM has performed better with a 10.93% 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 0.19% for IWM.

IGIB has the higher dividend yield at 4.82%, compared with 0.88% for IWM.

IGIB is categorized as Corporate Bonds, while IWM is Small Cap Blend Equities. IGIB tracks Bloomberg Barclays U.S. Intermediate Credit Index, while IWM tracks Russell 2000 Index. Their fees differ too: 0.06% for IGIB and 0.19% for IWM.

IWM currently has the higher Sharpe Ratio (2.05 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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