IGSB vs. BKIE
IGSB (iShares Short-Term Corporate Bond ETF) and BKIE (BNY Mellon International Equity ETF) are both exchange-traded funds - IGSB is a Corporate Bonds fund tracking the ICE BofAML 1-5 Year US Corporate Index, while BKIE is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-US Large Cap Index. Both are passively managed. Over the past 5 years, IGSB returned 2.36%/yr vs 8.82%/yr for BKIE. At a 0.34 correlation, their price movements are largely independent. IGSB charges 0.06%/yr vs 0.04%/yr for BKIE.
Performance
IGSB vs. BKIE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGSB achieves a 0.52% return, which is significantly lower than BKIE's 7.27% return.
IGSB
- 1D
- 0.04%
- 1M
- -0.25%
- YTD
- 0.52%
- 6M
- 1.00%
- 1Y
- 4.70%
- 3Y*
- 5.70%
- 5Y*
- 2.36%
- 10Y*
- 2.71%
BKIE
- 1D
- 0.63%
- 1M
- -0.95%
- YTD
- 7.27%
- 6M
- 9.96%
- 1Y
- 20.75%
- 3Y*
- 16.78%
- 5Y*
- 8.82%
- 10Y*
- —
IGSB vs. BKIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGSB iShares Short-Term Corporate Bond ETF | 0.52% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 4.76% |
BKIE BNY Mellon International Equity ETF | 7.27% | 32.08% | 4.63% | 18.25% | -13.60% | 13.75% | 34.17% |
Correlation
The correlation between IGSB and BKIE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.34 |
The correlation between IGSB and BKIE shifts across timeframes, from 0.34 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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
IGSB vs. BKIE — Risk / Return Rank
IGSB
BKIE
IGSB vs. BKIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term Corporate Bond ETF (IGSB) and BNY Mellon International Equity ETF (BKIE). 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.
| IGSB | BKIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.25 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.83 | +1.41 |
| Martin ratioReturn relative to average drawdown | 13.12 | 7.03 | +6.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGSB | BKIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 1.41 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.55 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.90 | -0.20 |
Drawdowns
IGSB vs. BKIE - Drawdown Comparison
The maximum IGSB drawdown since its inception was -13.38%, smaller than the maximum BKIE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for IGSB and BKIE.
Loading charts...
Drawdown Indicators
| IGSB | BKIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -28.19% | +14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -11.41% | +9.95% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -13.19% | +11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -9.46% | -28.19% | +18.73% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | — | — |
Current DrawdownCurrent decline from peak | -0.51% | -2.41% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -4.97% | +4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 2.96% | -2.60% |
Volatility
IGSB vs. BKIE - Volatility Comparison
The current volatility for iShares Short-Term Corporate Bond ETF (IGSB) is 0.61%, while BNY Mellon International Equity ETF (BKIE) has a volatility of 4.17%. This indicates that IGSB experiences smaller price fluctuations and is considered to be less risky than BKIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGSB | BKIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 4.17% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.44% | 12.46% | -11.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 14.84% | -12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 16.16% | -13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 16.36% | -12.89% |
IGSB vs. BKIE - Expense Ratio Comparison
IGSB has a 0.06% expense ratio, which is higher than BKIE's 0.04% 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%.
Dividends
IGSB vs. BKIE - Dividend Comparison
IGSB's dividend yield for the trailing twelve months is around 4.59%, more than BKIE's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 3.30% | 3.12% | 3.31% | 2.88% | 2.97% | 2.58% | 1.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGSB iShares Short-Term Corporate Bond ETF | 4.59% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
Frequently Asked Questions
IGSB and BKIE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKIE has higher volatility (4.17%) compared to IGSB (0.61%). In terms of maximum drawdown, IGSB dropped -13.38% vs BKIE's -28.19%.
On 5-year performance, BKIE leads with 8.82% vs 2.36% for IGSB. On fees, BKIE is cheaper at 0.04% per year. On volatility, IGSB has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BKIE has performed better with a 8.82% return vs 2.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKIE is cheaper with a 0.04% expense ratio, compared with 0.06% for IGSB.
IGSB has the higher dividend yield at 4.59%, compared with 3.30% for BKIE.
IGSB is categorized as Corporate Bonds, while BKIE is Foreign Large Cap Equities. IGSB tracks ICE BofAML 1-5 Year US Corporate Index, while BKIE tracks Morningstar Developed Markets ex-US Large Cap Index. They also come from different issuers: iShares and BNY Mellon. Their fees differ too: 0.06% for IGSB and 0.04% for BKIE.
IGSB currently has the higher Sharpe Ratio (2.47 vs 1.41), 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 IGSB and BKIE
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