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IGSB vs. IMCV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGSB vs. IMCV

Last updated Jun 9, 2026

IGSB (iShares Short-Term Corporate Bond ETF) and IMCV (iShares Morningstar Mid-Cap ETF) are both exchange-traded funds - IGSB is a Corporate Bonds fund tracking the ICE BofAML 1-5 Year US Corporate Index, while IMCV is a Mid Cap Value Equities fund tracking the Morningstar US Mid Cap Broad Value Index. Both are passively managed. Over the past 10 years, IGSB returned 2.71%/yr vs 10.39%/yr for IMCV. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.06% expense ratio.

Performance

IGSB vs. IMCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Short-Term Corporate Bond ETF (IGSB) and iShares Morningstar Mid-Cap ETF (IMCV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IGSB achieves a 0.52% return, which is significantly lower than IMCV's 9.75% return. Over the past 10 years, IGSB has underperformed IMCV with an annualized return of 2.71%, while IMCV has yielded a comparatively higher 10.39% annualized 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%

IMCV

1D
-0.41%
1M
1.84%
YTD
9.75%
6M
11.34%
1Y
22.85%
3Y*
16.05%
5Y*
8.79%
10Y*
10.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGSB vs. IMCV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGSB
iShares Short-Term Corporate Bond ETF		0.52%6.96%4.97%6.40%-5.63%-0.56%5.37%7.11%1.25%1.27%
IMCV
iShares Morningstar Mid-Cap ETF		9.75%13.52%12.28%11.89%-6.98%33.56%-4.11%24.72%-10.93%12.60%

Correlation

The correlation between IGSB and IMCV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.27

Correlation (10Y)
Calculated over the trailing 10-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2007

0.05

Over the past year, IGSB and IMCV have become more correlated (0.34) than their long-term average of 0.05, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Short-Term Corporate Bond ETF

iShares Morningstar Mid-Cap ETF

Often compared with IGSB:
IGSB vs. VCSHIGSB vs. LQDIGSB vs. SPSBIGSB vs. IGIBIGSB vs. SLQDIGSB vs. FLDRIGSB vs. AGG
Often compared with IMCV:
IMCV vs. VOEIMCV vs. IWSIMCV vs. MDYVIMCV vs. IJHIMCV vs. SMMDIMCV vs. NUMVIMCV vs. VOO

Return for Risk

IGSB vs. IMCV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGSB
IGSB Risk / Return Rank: 8282
Overall Rank
IGSB Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IGSB Sortino Ratio Rank: 9090
Sortino Ratio Rank
IGSB Omega Ratio Rank: 8888
Omega Ratio Rank
IGSB Calmar Ratio Rank: 7171
Calmar Ratio Rank
IGSB Martin Ratio Rank: 7676
Martin Ratio Rank
IMCV
IMCV Risk / Return Rank: 6969
Overall Rank
IMCV Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IMCV Sortino Ratio Rank: 7171
Sortino Ratio Rank
IMCV Omega Ratio Rank: 6464
Omega Ratio Rank
IMCV Calmar Ratio Rank: 7373
Calmar Ratio Rank
IMCV Martin Ratio Rank: 7373
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGSB vs. IMCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term Corporate Bond ETF (IGSB) and iShares Morningstar Mid-Cap ETF (IMCV). 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.

IGSBIMCVDifference
Sharpe ratioReturn per unit of total volatility
2.47
1.97

+0.50

Sortino ratioReturn per unit of downside risk
3.83
2.87

+0.96

Omega ratioGain probability vs. loss probability

1.50

1.35

+0.15

Calmar ratioReturn relative to maximum drawdown

3.24

3.32

-0.09

Martin ratioReturn relative to average drawdown

13.12

12.40

+0.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGSB vs. IMCV - Sharpe Ratio Comparison

The current IGSB Sharpe Ratio is 2.47, which is comparable to the IMCV Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of IGSB and IMCV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IGSBIMCVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.47

1.97

+0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.53

+0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.78

0.53

+0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.47

+0.23

Drawdowns

IGSB vs. IMCV - Drawdown Comparison

The maximum IGSB drawdown since its inception was -13.38%, smaller than the maximum IMCV drawdown of -64.74%. Use the drawdown chart below to compare losses from any high point for IGSB and IMCV.

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Drawdown Indicators

IGSBIMCVDifference

Max Drawdown

Largest peak-to-trough decline

-13.38%

-64.74%

+51.36%

Max Drawdown (1Y)

Largest decline over 1 year

-1.46%

-6.90%

+5.44%

Max Drawdown (3Y)

Largest decline over 3 years

-1.46%

-18.63%

+17.17%

Max Drawdown (5Y)

Largest decline over 5 years

-9.46%

-19.87%

+10.41%

Max Drawdown (10Y)

Largest decline over 10 years

-13.38%

-46.33%

+32.95%

Current Drawdown

Current decline from peak

-0.51%

-1.07%

+0.56%

Average Drawdown

Average peak-to-trough decline

-0.85%

-8.41%

+7.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.36%

1.85%

-1.49%

Volatility

IGSB vs. IMCV - Volatility Comparison

The current volatility for iShares Short-Term Corporate Bond ETF (IGSB) is 0.61%, while iShares Morningstar Mid-Cap ETF (IMCV) has a volatility of 2.35%. This indicates that IGSB experiences smaller price fluctuations and is considered to be less risky than IMCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IGSBIMCVDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.61%

2.35%

-1.74%

Volatility (6M)

Calculated over the trailing 6-month period

1.44%

8.05%

-6.61%

Volatility (1Y)

Calculated over the trailing 1-year period

1.91%

11.66%

-9.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.93%

16.64%

-13.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.47%

19.66%

-16.19%

IGSB vs. IMCV - Expense Ratio Comparison

Both IGSB and IMCV have an expense ratio of 0.06%, 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. IMCV - Dividend Comparison

IGSB's dividend yield for the trailing twelve months is around 4.59%, more than IMCV's 1.94% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
IMCV
iShares Morningstar Mid-Cap ETF		1.94%2.23%2.36%2.30%2.36%1.86%2.61%2.45%2.61%1.87%2.09%2.29%

Frequently Asked Questions

IGSB and IMCV have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMCV has higher volatility (2.35%) compared to IGSB (0.61%). In terms of maximum drawdown, IGSB dropped -13.38% vs IMCV's -64.74%.

On 10-year performance, IMCV leads with 10.39% vs 2.71% for IGSB. Both ETFs have the same 0.06% expense ratio. 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 10-year period, IMCV has performed better with a 10.39% return vs 2.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGSB and IMCV have the same expense ratio: 0.06% per year.

IGSB has the higher dividend yield at 4.59%, compared with 1.94% for IMCV.

IGSB is categorized as Corporate Bonds, while IMCV is Mid Cap Value Equities. IGSB tracks ICE BofAML 1-5 Year US Corporate Index, while IMCV tracks Morningstar US Mid Cap Broad Value Index.

IGSB currently has the higher Sharpe Ratio (2.47 vs 1.97), 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.

Portfolio Optimizer

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