IGIB vs. SHV
IGIB (iShares Intermediate-Term Corporate Bond ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - IGIB is a Corporate Bonds fund tracking the Bloomberg Barclays U.S. Intermediate Credit Index, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. Both are passively managed. Over the past 10 years, IGIB returned 3.04%/yr vs 2.23%/yr for SHV. At a 0.15 correlation, their price movements are largely independent. IGIB charges 0.06%/yr vs 0.15%/yr for SHV.
Performance
IGIB vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, IGIB achieves a 0.42% return, which is significantly lower than SHV's 1.53% return. Over the past 10 years, IGIB has outperformed SHV with an annualized return of 3.04%, while SHV has yielded a comparatively lower 2.23% annualized return.
IGIB
- 1D
- -0.06%
- 1M
- 0.31%
- YTD
- 0.42%
- 6M
- 0.91%
- 1Y
- 5.66%
- 3Y*
- 6.55%
- 5Y*
- 1.27%
- 10Y*
- 3.04%
SHV
- 1D
- 0.03%
- 1M
- 0.31%
- YTD
- 1.53%
- 6M
- 1.73%
- 1Y
- 3.90%
- 3Y*
- 4.63%
- 5Y*
- 3.34%
- 10Y*
- 2.23%
IGIB vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares Intermediate-Term Corporate Bond ETF | 0.42% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.53% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.81% | 2.36% | 1.72% | 0.67% |
Correlation
The correlation between IGIB and SHV is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | 0.15 |
The correlation between IGIB and SHV shifts across timeframes, from 0.15 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGIB vs. SHV — Risk / Return Rank
IGIB
SHV
IGIB vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate-Term Corporate Bond ETF (IGIB) and iShares 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.11 | ||
| Sortino ratioReturn per unit of downside risk | -147.50 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 53.77 | -52.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 431.38 | -429.50 |
| Martin ratioReturn relative to average drawdown | 6.18 | 2,419.80 | -2,413.61 |
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Drawdowns
IGIB vs. SHV - Drawdown Comparison
The maximum IGIB drawdown since its inception was -20.62%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for IGIB and SHV.
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Drawdown Indicators
| IGIB | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -0.45% | -20.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -0.01% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -0.03% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -0.39% | -20.23% |
Max Drawdown (10Y)Largest decline over 10 years | -20.62% | -0.45% | -20.17% |
Current DrawdownCurrent decline from peak | -1.13% | 0.00% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -0.03% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.00% | +0.92% |
Volatility
IGIB vs. SHV - Volatility Comparison
iShares Intermediate-Term Corporate Bond ETF (IGIB) has a higher volatility of 1.44% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.04%. This indicates that IGIB's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGIB | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 0.04% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 0.12% | +3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 0.20% | +3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 0.29% | +6.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.06% | 0.28% | +5.78% |
IGIB vs. SHV - Expense Ratio Comparison
IGIB has a 0.06% expense ratio, which is lower than SHV'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. SHV - Dividend Comparison
IGIB's dividend yield for the trailing twelve months is around 4.81%, more than SHV's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares Intermediate-Term 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% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
IGIB and SHV have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGIB has higher volatility (1.44%) compared to SHV (0.04%). In terms of maximum drawdown, IGIB dropped -20.62% vs SHV's -0.45%.
On 10-year performance, IGIB leads with 3.04% vs 2.23% for SHV. On fees, IGIB is cheaper at 0.06% per year. On volatility, SHV has been the lower-risk option at 0.04%. 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 3.04% return vs 2.23%. 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 0.15% for SHV.
IGIB has the higher dividend yield at 4.81%, compared with 3.83% for SHV.
IGIB is categorized as Corporate Bonds, while SHV is Government Bonds. IGIB tracks Bloomberg Barclays U.S. Intermediate Credit Index, while SHV tracks ICE Short US Treasury Securities Index. Their fees differ too: 0.06% for IGIB and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (19.49 vs 1.38), 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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