IGLB vs. BND
Compare and contrast key facts about iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and Vanguard Total Bond Market ETF (BND).
IGLB and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLB is a passively managed fund by iShares that tracks the performance of the ICE BofAML10+ Year US Corporate Index. It was launched on Dec 8, 2009. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both IGLB and BND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGLB or BND.
Performance
IGLB vs. BND - Performance Comparison
Returns By Period
Over the past 10 years, IGLB has outperformed BND with an annualized return of 2.44%, while BND has yielded a comparatively lower 1.40% annualized return.
IGLB
0.00%
-3.85%
3.06%
10.37%
-1.21%
2.44%
BND
1.55%
-1.53%
2.79%
6.33%
-0.32%
1.40%
Key characteristics
| IGLB | BND | |
|---|---|---|
| Sharpe Ratio | 1.08 | 1.25 |
| Sortino Ratio | 1.57 | 1.83 |
| Omega Ratio | 1.18 | 1.22 |
| Calmar Ratio | 0.43 | 0.48 |
| Martin Ratio | 3.24 | 4.20 |
| Ulcer Index | 3.56% | 1.70% |
| Daily Std Dev | 10.74% | 5.68% |
| Max Drawdown | -34.12% | -18.84% |
| Current Drawdown | -19.20% | -9.21% |
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IGLB vs. BND - Expense Ratio Comparison
IGLB has a 0.06% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between IGLB and BND is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IGLB vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and Vanguard Total Bond Market ETF (BND). 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.
Dividends
IGLB vs. BND - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 4.96%, more than BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 4.96% | 4.59% | 4.56% | 3.16% | 3.23% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% | 4.12% | 5.08% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
IGLB vs. BND - Drawdown Comparison
The maximum IGLB drawdown since its inception was -34.12%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for IGLB and BND. For additional features, visit the drawdowns tool.
Volatility
IGLB vs. BND - Volatility Comparison
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) has a higher volatility of 3.73% compared to Vanguard Total Bond Market ETF (BND) at 1.64%. This indicates that IGLB's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.