IGLB vs. IGEB
IGLB (iShares 10+ Year Investment Grade Corporate Bond ETF) and IGEB (iShares Investment Grade Bond Factor ETF) are both Corporate Bonds funds from iShares - IGLB tracks the ICE BofAML10+ Year US Corporate Index while IGEB tracks the BlackRock Investment Grade Enhanced Bond Index. Both are passively managed. Over the past 5 years, IGLB returned -2.01%/yr vs 0.96%/yr for IGEB. Their correlation of 0.88 suggests significant overlap in exposure. IGLB charges 0.06%/yr vs 0.18%/yr for IGEB.
Performance
IGLB vs. IGEB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGLB achieves a 1.19% return, which is significantly higher than IGEB's 0.51% return.
IGLB
- 1D
- -0.42%
- 1M
- 1.36%
- YTD
- 1.19%
- 6M
- 1.21%
- 1Y
- 6.56%
- 3Y*
- 4.26%
- 5Y*
- -2.01%
- 10Y*
- 2.20%
IGEB
- 1D
- -0.17%
- 1M
- 0.59%
- YTD
- 0.51%
- 6M
- 0.74%
- 1Y
- 5.16%
- 3Y*
- 5.84%
- 5Y*
- 0.96%
- 10Y*
- —
IGLB vs. IGEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 1.19% | 7.53% | -1.50% | 11.03% | -25.38% | -1.68% | 13.30% | 23.19% | -6.90% | 5.03% |
IGEB iShares Investment Grade Bond Factor ETF | 0.51% | 8.17% | 3.10% | 9.56% | -14.85% | -1.14% | 11.23% | 15.42% | -2.05% | 1.53% |
Correlation
The correlation between IGLB and IGEB is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2017 | 0.88 |
The correlation between IGLB and IGEB has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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
IGLB vs. IGEB — Risk / Return Rank
IGLB
IGEB
IGLB vs. IGEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and iShares Investment Grade Bond Factor ETF (IGEB). 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.
| IGLB | IGEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.80 | -0.53 |
| Martin ratioReturn relative to average drawdown | 3.13 | 5.73 | -2.59 |
Loading charts...
Drawdowns
IGLB vs. IGEB - Drawdown Comparison
The maximum IGLB drawdown since its inception was -34.12%, which is greater than IGEB's maximum drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for IGLB and IGEB.
Loading charts...
Drawdown Indicators
| IGLB | IGEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -21.13% | -12.99% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -2.88% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -5.95% | -6.92% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -21.13% | -12.99% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | — | — |
Current DrawdownCurrent decline from peak | -13.41% | -0.93% | -12.48% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -4.88% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.90% | +1.20% |
Volatility
IGLB vs. IGEB - Volatility Comparison
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) has a higher volatility of 1.89% compared to iShares Investment Grade Bond Factor ETF (IGEB) at 1.17%. This indicates that IGLB's price experiences larger fluctuations and is considered to be riskier than IGEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLB | IGEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.17% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 5.80% | 3.17% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.76% | 4.15% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.38% | 6.70% | +5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 6.51% | +6.04% |
IGLB vs. IGEB - Expense Ratio Comparison
IGLB has a 0.06% expense ratio, which is lower than IGEB's 0.18% 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
IGLB vs. IGEB - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 5.24%, more than IGEB's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 5.06% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% | 0.00% | 0.00% |
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 5.24% | 5.14% | 5.10% | 4.59% | 4.56% | 3.16% | 3.22% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% |
Frequently Asked Questions
With a correlation of 0.95, IGLB and IGEB 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.
IGLB has higher volatility (1.89%) compared to IGEB (1.17%). In terms of maximum drawdown, IGLB dropped -34.12% vs IGEB's -21.13%.
On 5-year performance, IGEB leads with 0.96% vs -2.01% for IGLB. On fees, IGLB is cheaper at 0.06% per year. On volatility, IGEB has been the lower-risk option at 1.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGEB has performed better with a 0.96% return vs -2.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGLB is cheaper with a 0.06% expense ratio, compared with 0.18% for IGEB.
IGLB has the higher dividend yield at 5.24%, compared with 5.06% for IGEB.
IGLB tracks ICE BofAML10+ Year US Corporate Index, while IGEB tracks BlackRock Investment Grade Enhanced Bond Index. Their fees differ too: 0.06% for IGLB and 0.18% for IGEB.
IGEB currently has the higher Sharpe Ratio (1.25 vs 0.85), 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 IGLB and IGEB
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