IGSB vs. SLQD
Compare and contrast key facts about iShares Short-Term Corporate Bond ETF (IGSB) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD).
IGSB and SLQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGSB is a passively managed fund by iShares that tracks the performance of the ICE BofAML 1-5 Year US Corporate Index. It was launched on Jan 11, 2007. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013. Both IGSB and SLQD 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: IGSB or SLQD.
Performance
IGSB vs. SLQD - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with IGSB having a 4.52% return and SLQD slightly lower at 4.46%. Both investments have delivered pretty close results over the past 10 years, with IGSB having a 2.17% annualized return and SLQD not far ahead at 2.23%.
IGSB
4.52%
-0.24%
3.57%
7.17%
2.02%
2.17%
SLQD
4.46%
-0.04%
3.45%
6.72%
2.06%
2.23%
Key characteristics
| IGSB | SLQD | |
|---|---|---|
| Sharpe Ratio | 2.87 | 3.37 |
| Sortino Ratio | 4.55 | 5.56 |
| Omega Ratio | 1.58 | 1.74 |
| Calmar Ratio | 2.33 | 4.02 |
| Martin Ratio | 16.32 | 21.75 |
| Ulcer Index | 0.45% | 0.31% |
| Daily Std Dev | 2.53% | 2.02% |
| Max Drawdown | -13.38% | -12.69% |
| Current Drawdown | -1.00% | -0.60% |
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IGSB vs. SLQD - Expense Ratio Comparison
Both IGSB and SLQD 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%.
Correlation
The correlation between IGSB and SLQD is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IGSB vs. SLQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term Corporate Bond ETF (IGSB) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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
IGSB vs. SLQD - Dividend Comparison
IGSB's dividend yield for the trailing twelve months is around 3.91%, more than SLQD's 3.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares Short-Term Corporate Bond ETF | 3.91% | 3.26% | 2.07% | 1.82% | 2.37% | 3.07% | 2.46% | 1.65% | 1.45% | 1.18% | 0.94% | 1.17% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.60% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.56% | 1.98% | 1.81% | 1.43% | 1.24% | 0.23% |
Drawdowns
IGSB vs. SLQD - Drawdown Comparison
The maximum IGSB drawdown since its inception was -13.38%, which is greater than SLQD's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for IGSB and SLQD. For additional features, visit the drawdowns tool.
Volatility
IGSB vs. SLQD - Volatility Comparison
iShares Short-Term Corporate Bond ETF (IGSB) has a higher volatility of 0.66% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.51%. This indicates that IGSB's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.