IGIB vs. TLT
IGIB (iShares 5-10 Year Investment Grade Corporate Bond ETF) and TLT (iShares 20+ 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 TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, IGIB returned 3.00%/yr vs -1.74%/yr for TLT. A 0.68 correlation means they provide meaningful diversification when combined. IGIB charges 0.04%/yr vs 0.15%/yr for TLT.
Performance
IGIB vs. TLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGIB achieves a 0.33% return, which is significantly lower than TLT's 0.77% return. Over the past 10 years, IGIB has outperformed TLT with an annualized return of 3.00%, while TLT has yielded a comparatively lower -1.74% annualized return.
IGIB
- 1D
- 0.07%
- 1M
- 0.63%
- YTD
- 0.33%
- 6M
- 0.48%
- 1Y
- 5.29%
- 3Y*
- 6.29%
- 5Y*
- 1.29%
- 10Y*
- 3.00%
TLT
- 1D
- 0.13%
- 1M
- 2.20%
- YTD
- 0.77%
- 6M
- 0.38%
- 1Y
- 3.87%
- 3Y*
- -1.89%
- 5Y*
- -6.59%
- 10Y*
- -1.74%
IGIB vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.33% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
TLT iShares 20+ Year Treasury Bond ETF | 0.77% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between IGIB and TLT is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | 0.68 |
The correlation between IGIB and TLT shifts across timeframes, from 0.68 (all time) to 0.88 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGIB vs. TLT — Risk / Return Rank
IGIB
TLT
IGIB vs. TLT - 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 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.07 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.51 | +1.25 |
| Martin ratioReturn relative to average drawdown | 5.67 | 1.22 | +4.45 |
Loading charts...
Drawdowns
IGIB vs. TLT - Drawdown Comparison
The maximum IGIB drawdown since its inception was -20.62%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IGIB and TLT.
Loading charts...
Drawdown Indicators
| IGIB | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -48.35% | +27.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -7.58% | +4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -19.18% | +13.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -43.70% | +23.08% |
Max Drawdown (10Y)Largest decline over 10 years | -20.62% | -48.35% | +27.73% |
Current DrawdownCurrent decline from peak | -1.21% | -39.82% | +38.61% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -13.87% | +11.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 3.18% | -2.25% |
Volatility
IGIB vs. TLT - Volatility Comparison
The current volatility for iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is 1.22%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.20%. This indicates that IGIB experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGIB | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 2.20% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 6.62% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 9.48% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 15.82% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 14.88% | -8.81% |
IGIB vs. TLT - Expense Ratio Comparison
IGIB has a 0.04% expense ratio, which is lower than TLT'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. TLT - Dividend Comparison
IGIB's dividend yield for the trailing twelve months is around 4.81%, more than TLT's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.54% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
IGIB and TLT have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.20%) compared to IGIB (1.22%). In terms of maximum drawdown, IGIB dropped -20.62% vs TLT's -48.35%.
On 10-year performance, IGIB leads with 3.00% vs -1.74% for TLT. 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 3.00% return vs -1.74%. 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 TLT.
IGIB has the higher dividend yield at 4.81%, compared with 4.54% for TLT.
IGIB is categorized as Corporate Bonds, while TLT is Government Bonds. IGIB tracks ICE BofA 5-10 Year US Corporate Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.04% for IGIB and 0.15% for TLT.
IGIB currently has the higher Sharpe Ratio (1.29 vs 0.41), 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.
Find the right allocation for IGIB and TLT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer