IGSB vs. IGIB
IGSB (iShares 1-5 Year Investment Grade Corporate Bond ETF) and IGIB (iShares 5-10 Year Investment Grade Corporate Bond ETF) are both Corporate Bonds funds from iShares - IGSB tracks the ICE BofA 1-5 Year US Corporate Index while IGIB tracks the ICE BofA 5-10 Year US Corporate Index. Both are passively managed. Over the past 10 years, IGSB returned 2.70%/yr vs 2.99%/yr for IGIB. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.04% expense ratio.
Performance
IGSB vs. IGIB - Performance Comparison
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Returns By Period
In the year-to-date period, IGSB achieves a 0.66% return, which is significantly higher than IGIB's 0.27% return. Over the past 10 years, IGSB has underperformed IGIB with an annualized return of 2.70%, while IGIB has yielded a comparatively higher 2.99% annualized return.
IGSB
- 1D
- -0.13%
- 1M
- 0.21%
- YTD
- 0.66%
- 6M
- 0.83%
- 1Y
- 4.20%
- 3Y*
- 5.68%
- 5Y*
- 2.45%
- 10Y*
- 2.70%
IGIB
- 1D
- -0.19%
- 1M
- 0.56%
- YTD
- 0.27%
- 6M
- 0.44%
- 1Y
- 5.52%
- 3Y*
- 6.26%
- 5Y*
- 1.29%
- 10Y*
- 2.99%
IGSB vs. IGIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.66% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 7.11% | 1.25% | 1.27% |
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.27% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
Correlation
The correlation between IGSB and IGIB is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | 0.67 |
Over the past year, IGSB and IGIB have become more correlated (0.93) than their long-term average of 0.67, meaning their price movements have been converging.
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Return for Risk
IGSB vs. IGIB — Risk / Return Rank
IGSB
IGIB
IGSB vs. IGIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) and iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB). 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.
| IGSB | IGIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.24 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.84 | +1.05 |
| Martin ratioReturn relative to average drawdown | 11.59 | 5.94 | +5.65 |
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Drawdowns
IGSB vs. IGIB - Drawdown Comparison
The maximum IGSB drawdown since its inception was -13.38%, smaller than the maximum IGIB drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for IGSB and IGIB.
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Drawdown Indicators
| IGSB | IGIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -20.62% | +7.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -3.01% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -6.05% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -9.46% | -20.62% | +11.16% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | -20.62% | +7.24% |
Current DrawdownCurrent decline from peak | -0.38% | -1.27% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -2.58% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.93% | -0.57% |
Volatility
IGSB vs. IGIB - Volatility Comparison
The current volatility for iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is 0.68%, while iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) has a volatility of 1.22%. This indicates that IGSB experiences smaller price fluctuations and is considered to be less risky than IGIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGSB | IGIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 1.22% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 3.19% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.96% | 4.15% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 6.57% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 6.07% | -2.60% |
IGSB vs. IGIB - Expense Ratio Comparison
Both IGSB and IGIB have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IGSB vs. IGIB - Dividend Comparison
IGSB's dividend yield for the trailing twelve months is around 4.58%, less than IGIB's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 4.81% | 4.59% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% |
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 4.58% | 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
With a correlation of 0.93, IGSB and IGIB 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.
IGIB has higher volatility (1.22%) compared to IGSB (0.68%). In terms of maximum drawdown, IGSB dropped -13.38% vs IGIB's -20.62%.
On 10-year performance, IGIB leads with 2.99% vs 2.70% for IGSB. Both ETFs have the same 0.04% expense ratio. On volatility, IGSB has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGIB has performed better with a 2.99% return vs 2.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGSB and IGIB have the same expense ratio: 0.04% per year.
IGIB has the higher dividend yield at 4.81%, compared with 4.58% for IGSB.
IGSB tracks ICE BofA 1-5 Year US Corporate Index, while IGIB tracks ICE BofA 5-10 Year US Corporate Index.
IGSB currently has the higher Sharpe Ratio (2.16 vs 1.34), 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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