IIGD vs. ISDB
Compare and contrast key facts about Invesco Investment Grade Defensive ETF (IIGD) and Invesco Short Duration Bond ETF (ISDB).
IIGD and ISDB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IIGD is a passively managed fund by Invesco that tracks the performance of the Invesco Investment Grade Defensive Index. It was launched on Jul 25, 2018. ISDB is an actively managed fund by Invesco. It was launched on Dec 5, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IIGD or ISDB.
Correlation
The correlation between IIGD and ISDB is 0.86, 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.
Performance
IIGD vs. ISDB - Performance Comparison
Key characteristics
IIGD:
1.45
ISDB:
3.24
IIGD:
2.09
ISDB:
5.21
IIGD:
1.26
ISDB:
1.70
IIGD:
0.97
ISDB:
7.61
IIGD:
4.92
ISDB:
20.48
IIGD:
0.93%
ISDB:
0.27%
IIGD:
3.15%
ISDB:
1.70%
IIGD:
-11.43%
ISDB:
-1.44%
IIGD:
-0.82%
ISDB:
-0.00%
Returns By Period
In the year-to-date period, IIGD achieves a 0.57% return, which is significantly higher than ISDB's 0.50% return.
IIGD
0.57%
0.57%
1.66%
4.36%
1.18%
N/A
ISDB
0.50%
0.50%
2.26%
5.42%
N/A
N/A
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IIGD vs. ISDB - Expense Ratio Comparison
IIGD has a 0.13% expense ratio, which is lower than ISDB's 0.36% expense ratio.
Risk-Adjusted Performance
IIGD vs. ISDB — Risk-Adjusted Performance Rank
IIGD
ISDB
IIGD vs. ISDB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Investment Grade Defensive ETF (IIGD) and Invesco Short Duration Bond ETF (ISDB). 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
IIGD vs. ISDB - Dividend Comparison
IIGD's dividend yield for the trailing twelve months is around 4.14%, less than ISDB's 5.46% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
IIGD Invesco Investment Grade Defensive ETF | 4.14% | 4.13% | 3.74% | 1.73% | 1.78% | 3.21% | 2.62% | 1.23% |
ISDB Invesco Short Duration Bond ETF | 5.46% | 5.50% | 5.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IIGD vs. ISDB - Drawdown Comparison
The maximum IIGD drawdown since its inception was -11.43%, which is greater than ISDB's maximum drawdown of -1.44%. Use the drawdown chart below to compare losses from any high point for IIGD and ISDB. For additional features, visit the drawdowns tool.
Volatility
IIGD vs. ISDB - Volatility Comparison
Invesco Investment Grade Defensive ETF (IIGD) has a higher volatility of 0.86% compared to Invesco Short Duration Bond ETF (ISDB) at 0.54%. This indicates that IIGD's price experiences larger fluctuations and is considered to be riskier than ISDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.