IGSB vs. IWP
IGSB (iShares 1-5 Year Investment Grade Corporate Bond ETF) and IWP (iShares Russell Mid-Cap Growth ETF) are both exchange-traded funds - IGSB is a Corporate Bonds fund tracking the ICE BofA 1-5 Year US Corporate Index, while IWP is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index. Both are passively managed. Over the past 10 years, IGSB returned 2.72%/yr vs 11.64%/yr for IWP. At a 0.08 correlation, their price movements are largely independent. IGSB charges 0.04%/yr vs 0.23%/yr for IWP.
Performance
IGSB vs. IWP - Performance Comparison
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Returns By Period
In the year-to-date period, IGSB achieves a 0.93% return, which is significantly higher than IWP's 0.63% return. Over the past 10 years, IGSB has underperformed IWP with an annualized return of 2.72%, while IWP has yielded a comparatively higher 11.64% annualized return.
IGSB
- 1D
- -0.07%
- 1M
- 0.14%
- 6M
- 0.85%
- YTD
- 0.93%
- 1Y
- 3.86%
- 3Y*
- 5.59%
- 5Y*
- 2.44%
- 10Y*
- 2.72%
- ALL TIME*
- 2.82%
IWP
- 1D
- 0.00%
- 1M
- -3.07%
- 6M
- -2.52%
- YTD
- 0.63%
- 1Y
- -1.82%
- 3Y*
- 12.07%
- 5Y*
- 4.51%
- 10Y*
- 11.64%
- ALL TIME*
- 9.13%
IGSB vs. IWP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.93% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 7.11% | 1.25% | 1.27% |
IWP iShares Russell Mid-Cap Growth ETF | 0.63% | 8.45% | 21.86% | 25.70% | -26.90% | 12.60% | 35.25% | 35.04% | -4.89% | 24.93% |
Correlation
The correlation between IGSB and IWP is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | 0.08 |
Over the past year, IGSB and IWP have become more correlated (0.35) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
IGSB vs. IWP — Risk / Return Rank
IGSB
IWP
IGSB vs. IWP - 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 Russell Mid-Cap Growth ETF (IWP). 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 | IWP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.00 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | -0.12 | +2.78 |
| Martin ratioReturn relative to average drawdown | 10.60 | -0.35 | +10.95 |
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Drawdowns
IGSB vs. IWP - Drawdown Comparison
The maximum IGSB drawdown since its inception was -13.38%, smaller than the maximum IWP drawdown of -56.92%. Use the drawdown chart below to compare losses from any high point for IGSB and IWP.
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Drawdown Indicators
| IGSB | IWP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.38% | -56.92% | +43.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -14.79% | +13.33% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -25.20% | +23.74% |
Max Drawdown (5Y)Largest decline over 5 years | -9.46% | -38.62% | +29.16% |
Max Drawdown (10Y)Largest decline over 10 years | -13.38% | -38.62% | +25.24% |
Current DrawdownCurrent decline from peak | -0.21% | -6.02% | +5.81% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -9.65% | +8.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 5.19% | -4.83% |
Volatility
IGSB vs. IWP - Volatility Comparison
The current volatility for iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is 0.57%, while iShares Russell Mid-Cap Growth ETF (IWP) has a volatility of 5.06%. This indicates that IGSB experiences smaller price fluctuations and is considered to be less risky than IWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGSB | IWP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 5.06% | -4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 13.78% | -12.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.96% | 17.32% | -15.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 22.44% | -19.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 21.69% | -18.22% |
IGSB vs. IWP - Expense Ratio Comparison
IGSB has a 0.04% expense ratio, which is lower than IWP's 0.23% expense ratio. Despite the difference, 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. IWP - Dividend Comparison
IGSB's dividend yield for the trailing twelve months is around 4.60%, more than IWP's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 4.60% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
IWP iShares Russell Mid-Cap Growth ETF | 0.36% | 0.37% | 0.40% | 0.54% | 0.77% | 0.30% | 0.38% | 0.59% | 1.02% | 0.78% | 1.16% | 0.98% |
Frequently Asked Questions
IGSB and IWP have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWP has higher volatility (5.06%) compared to IGSB (0.57%). In terms of maximum drawdown, IGSB dropped -13.38% vs IWP's -56.92%.
On 10-year performance, IWP leads with 11.64% vs 2.72% for IGSB. On fees, IGSB is cheaper at 0.04% per year. On volatility, IGSB has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IWP has performed better with a 11.64% return vs 2.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGSB is cheaper with a 0.04% expense ratio, compared with 0.23% for IWP.
IGSB has the higher dividend yield at 4.60%, compared with 0.36% for IWP.
IGSB is categorized as Corporate Bonds, while IWP is Mid Cap Growth Equities. IGSB tracks ICE BofA 1-5 Year US Corporate Index, while IWP tracks Russell Midcap Growth Index. Their fees differ too: 0.04% for IGSB and 0.23% for IWP.
IGSB currently has the higher Sharpe Ratio (1.98 vs -0.11), 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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