IGIB vs. USIG
IGIB (iShares 5-10 Year Investment Grade Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds from iShares - IGIB tracks the ICE BofA 5-10 Year US Corporate Index while USIG tracks the ICE BofA US Corporate. Both are passively managed. Over the past 10 years, IGIB returned 2.99%/yr vs 2.57%/yr for USIG. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.04% expense ratio.
Performance
IGIB vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, IGIB achieves a 0.27% return, which is significantly lower than USIG's 0.71% return. Over the past 10 years, IGIB has outperformed USIG with an annualized return of 2.99%, while USIG has yielded a comparatively lower 2.57% 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%
USIG
- 1D
- -0.20%
- 1M
- 0.66%
- YTD
- 0.71%
- 6M
- 0.83%
- 1Y
- 5.29%
- 3Y*
- 5.41%
- 5Y*
- 0.59%
- 10Y*
- 2.57%
IGIB vs. USIG - 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.71% | 7.86% | 2.56% | 8.71% | -15.30% | -1.34% | 9.44% | 13.99% | -2.21% | 5.75% |
Correlation
The correlation between IGIB and USIG is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | 0.80 |
The correlation between IGIB and USIG shifts across timeframes, from 0.80 (all time) to 0.99 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGIB vs. USIG — Risk / Return Rank
IGIB
USIG
IGIB vs. USIG - 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 Broad USD Investment Grade Corporate Bond ETF (USIG). 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 | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.90 | -0.06 |
| Martin ratioReturn relative to average drawdown | 5.94 | 6.05 | -0.11 |
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Drawdowns
IGIB vs. USIG - Drawdown Comparison
The maximum IGIB drawdown since its inception was -20.62%, smaller than the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for IGIB and USIG.
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Drawdown Indicators
| IGIB | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.62% | -22.21% | +1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.79% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -6.10% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.62% | -21.45% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -20.62% | -21.45% | +0.83% |
Current DrawdownCurrent decline from peak | -1.27% | -0.81% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -3.41% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.88% | +0.05% |
Volatility
IGIB vs. USIG - Volatility Comparison
iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) has a higher volatility of 1.22% compared to iShares Broad USD Investment Grade Corporate Bond ETF (USIG) at 1.14%. This indicates that IGIB's price experiences larger fluctuations and is considered to be riskier than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGIB | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.14% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 3.13% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.10% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.57% | 6.82% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.07% | 6.83% | -0.76% |
IGIB vs. USIG - Expense Ratio Comparison
Both IGIB and USIG have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IGIB vs. USIG - Dividend Comparison
IGIB's dividend yield for the trailing twelve months is around 4.81%, more than USIG's 4.73% 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.73% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.98, IGIB and USIG 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.
IGIB has higher volatility (1.22%) compared to USIG (1.14%). In terms of maximum drawdown, IGIB dropped -20.62% vs USIG's -22.21%.
On 10-year performance, IGIB leads with 2.99% vs 2.57% for USIG. Both ETFs have the same 0.04% expense ratio. Their volatility is very similar. 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 2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGIB and USIG have the same expense ratio: 0.04% per year.
IGIB has the higher dividend yield at 4.81%, compared with 4.73% for USIG.
IGIB tracks ICE BofA 5-10 Year US Corporate Index, while USIG tracks ICE BofA US Corporate.
IGIB currently has the higher Sharpe Ratio (1.34 vs 1.30), 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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