IGLB vs. SGOV
Compare and contrast key facts about iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and iShares 0-3 Month Treasury Bond ETF (SGOV).
IGLB and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both IGLB and SGOV 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 SGOV.
Performance
IGLB vs. SGOV - Performance Comparison
Returns By Period
IGLB
0.00%
-3.85%
3.06%
10.37%
-1.21%
2.44%
SGOV
4.71%
0.41%
2.60%
5.37%
N/A
N/A
Key characteristics
| IGLB | SGOV | |
|---|---|---|
| Sharpe Ratio | 1.08 | 21.97 |
| Sortino Ratio | 1.57 | 530.73 |
| Omega Ratio | 1.18 | 531.73 |
| Calmar Ratio | 0.43 | 544.91 |
| Martin Ratio | 3.24 | 8,650.17 |
| Ulcer Index | 3.56% | 0.00% |
| Daily Std Dev | 10.74% | 0.25% |
| Max Drawdown | -34.12% | -0.03% |
| Current Drawdown | -19.20% | 0.00% |
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IGLB vs. SGOV - Expense Ratio Comparison
IGLB has a 0.06% expense ratio, which is higher than SGOV'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 SGOV is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
IGLB vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
IGLB's dividend yield for the trailing twelve months is around 4.96%, less than SGOV's 5.24% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGLB vs. SGOV - Drawdown Comparison
The maximum IGLB drawdown since its inception was -34.12%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IGLB and SGOV. For additional features, visit the drawdowns tool.
Volatility
IGLB vs. SGOV - Volatility Comparison
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) has a higher volatility of 3.73% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.09%. This indicates that IGLB's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.