IGLB vs. NFLT
IGLB (iShares 10+ Year Investment Grade Corporate Bond ETF) and NFLT (Virtus Newfleet Multi-Sector Bond ETF) are both exchange-traded funds - IGLB is a Corporate Bonds fund tracking the ICE BofAML10+ Year US Corporate Index, while NFLT is a Multisector Bonds fund actively managed by Virtus. IGLB is passively managed, while NFLT is actively managed. Over the past 10 years, IGLB returned 2.28%/yr vs 4.13%/yr for NFLT. At a 0.42 correlation, their price movements are largely independent. IGLB charges 0.06%/yr vs 0.50%/yr for NFLT.
Performance
IGLB vs. NFLT - Performance Comparison
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Returns By Period
In the year-to-date period, IGLB achieves a 0.84% return, which is significantly lower than NFLT's 1.50% return. Over the past 10 years, IGLB has underperformed NFLT with an annualized return of 2.28%, while NFLT has yielded a comparatively higher 4.13% annualized return.
IGLB
- 1D
- -0.32%
- 1M
- 1.42%
- YTD
- 0.84%
- 6M
- -0.11%
- 1Y
- 7.79%
- 3Y*
- 4.53%
- 5Y*
- -1.66%
- 10Y*
- 2.28%
NFLT
- 1D
- -0.16%
- 1M
- 0.47%
- YTD
- 1.50%
- 6M
- 1.58%
- 1Y
- 7.11%
- 3Y*
- 7.38%
- 5Y*
- 3.15%
- 10Y*
- 4.13%
IGLB vs. NFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 0.84% | 7.53% | -1.50% | 11.03% | -25.38% | -1.68% | 13.30% | 23.19% | -6.90% | 12.15% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.50% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 10.13% | -2.68% | 6.30% |
Correlation
The correlation between IGLB and NFLT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.42 |
The correlation between IGLB and NFLT shifts across timeframes, from 0.42 (all time) to 0.61 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGLB vs. NFLT — Risk / Return Rank
IGLB
NFLT
IGLB vs. NFLT - 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 Virtus Newfleet Multi-Sector Bond ETF (NFLT). 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.
| IGLB | NFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.95 | -1.44 |
| Martin ratioReturn relative to average drawdown | 3.79 | 13.00 | -9.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGLB | NFLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.78 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.71 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.84 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.84 | -0.46 |
Drawdowns
IGLB vs. NFLT - Drawdown Comparison
The maximum IGLB drawdown since its inception was -34.12%, which is greater than NFLT's maximum drawdown of -15.17%. Use the drawdown chart below to compare losses from any high point for IGLB and NFLT.
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Drawdown Indicators
| IGLB | NFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -15.17% | -18.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -2.42% | -2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -3.24% | -9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -13.42% | -20.70% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | -15.17% | -18.95% |
Current DrawdownCurrent decline from peak | -13.70% | -0.33% | -13.37% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -2.10% | -6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.55% | +1.51% |
Volatility
IGLB vs. NFLT - Volatility Comparison
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) has a higher volatility of 2.32% compared to Virtus Newfleet Multi-Sector Bond ETF (NFLT) at 1.19%. This indicates that IGLB's price experiences larger fluctuations and is considered to be riskier than NFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLB | NFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.19% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 5.70% | 2.90% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.84% | 4.01% | +3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 4.43% | +7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 4.93% | +7.60% |
IGLB vs. NFLT - Expense Ratio Comparison
IGLB has a 0.06% expense ratio, which is lower than NFLT's 0.50% expense ratio.
Dividends
IGLB vs. NFLT - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 5.26%, less than NFLT's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 5.26% | 5.14% | 5.10% | 4.59% | 4.56% | 3.16% | 3.22% | 3.73% | 4.56% | 3.94% | 4.21% | 4.58% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.50% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Frequently Asked Questions
IGLB and NFLT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLB has higher volatility (2.32%) compared to NFLT (1.19%). In terms of maximum drawdown, IGLB dropped -34.12% vs NFLT's -15.17%.
On 10-year performance, NFLT leads with 4.13% vs 2.28% for IGLB. On fees, IGLB is cheaper at 0.06% per year. On volatility, NFLT has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NFLT has performed better with a 4.13% return vs 2.28%. 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 0.50% for NFLT.
NFLT has the higher dividend yield at 5.50%, compared with 5.26% for IGLB.
IGLB is categorized as Corporate Bonds, while NFLT is Multisector Bonds. They also come from different issuers: iShares and Virtus. Their fees differ too: 0.06% for IGLB and 0.50% for NFLT.
NFLT currently has the higher Sharpe Ratio (1.78 vs 1.00), 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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