IOO vs. IGSB
IOO (iShares Global 100 ETF) and IGSB (iShares Short-Term Corporate Bond ETF) are both exchange-traded funds - IOO is a Global Equities fund tracking the S&P Global 100 Index (Net), while IGSB is a Corporate Bonds fund tracking the ICE BofAML 1-5 Year US Corporate Index. Both are passively managed. Over the past 10 years, IOO returned 16.76%/yr vs 2.74%/yr for IGSB. At a 0.07 correlation, their price movements are largely independent. IOO charges 0.40%/yr vs 0.06%/yr for IGSB.
Performance
IOO vs. IGSB - Performance Comparison
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Returns By Period
In the year-to-date period, IOO achieves a 10.84% return, which is significantly higher than IGSB's 0.93% return. Over the past 10 years, IOO has outperformed IGSB with an annualized return of 16.76%, while IGSB has yielded a comparatively lower 2.74% annualized return.
IOO
- 1D
- 1.54%
- 1M
- -0.24%
- YTD
- 10.84%
- 6M
- 12.35%
- 1Y
- 35.77%
- 3Y*
- 23.86%
- 5Y*
- 16.22%
- 10Y*
- 16.76%
IGSB
- 1D
- 0.06%
- 1M
- 0.61%
- YTD
- 0.93%
- 6M
- 1.24%
- 1Y
- 4.76%
- 3Y*
- 5.77%
- 5Y*
- 2.49%
- 10Y*
- 2.74%
IOO vs. IGSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOO iShares Global 100 ETF | 10.84% | 27.02% | 26.54% | 27.71% | -16.34% | 26.03% | 18.61% | 30.01% | -6.22% | 23.56% |
IGSB iShares Short-Term Corporate Bond ETF | 0.93% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 7.11% | 1.25% | 1.27% |
Correlation
The correlation between IOO and IGSB is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | 0.07 |
Over the past year, IOO and IGSB have become more correlated (0.31) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
IOO vs. IGSB — Risk / Return Rank
IOO
IGSB
IOO vs. IGSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 ETF (IOO) and iShares Short-Term Corporate Bond ETF (IGSB). 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.
| IOO | IGSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.51 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.28 | +0.34 |
| Martin ratioReturn relative to average drawdown | 16.01 | 13.21 | +2.79 |
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Drawdowns
IOO vs. IGSB - Drawdown Comparison
The maximum IOO drawdown since its inception was -55.85%, which is greater than IGSB's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for IOO and IGSB.
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Drawdown Indicators
| IOO | IGSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -13.38% | -42.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -1.46% | -8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -1.46% | -17.73% |
Max Drawdown (5Y)Largest decline over 5 years | -23.52% | -9.46% | -14.06% |
Max Drawdown (10Y)Largest decline over 10 years | -31.43% | -13.38% | -18.05% |
Current DrawdownCurrent decline from peak | -2.57% | -0.11% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -0.85% | -10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 0.36% | +1.88% |
Volatility
IOO vs. IGSB - Volatility Comparison
iShares Global 100 ETF (IOO) has a higher volatility of 5.00% compared to iShares Short-Term Corporate Bond ETF (IGSB) at 0.66%. This indicates that IOO's price experiences larger fluctuations and is considered to be riskier than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IOO | IGSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 0.66% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 1.46% | +9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.10% | 1.92% | +12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 2.94% | +14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 3.47% | +14.34% |
IOO vs. IGSB - Expense Ratio Comparison
IOO has a 0.40% expense ratio, which is higher than IGSB's 0.06% expense ratio.
Dividends
IOO vs. IGSB - Dividend Comparison
IOO's dividend yield for the trailing twelve months is around 1.35%, less than IGSB's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares Short-Term Corporate Bond ETF | 4.57% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
IOO iShares Global 100 ETF | 1.35% | 0.92% | 1.08% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% |
Frequently Asked Questions
IOO and IGSB have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOO has higher volatility (5.00%) compared to IGSB (0.66%). In terms of maximum drawdown, IOO dropped -55.85% vs IGSB's -13.38%.
On 10-year performance, IOO leads with 16.76% vs 2.74% for IGSB. On fees, IGSB is cheaper at 0.06% per year. On volatility, IGSB has been the lower-risk option at 0.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IOO has performed better with a 16.76% return vs 2.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGSB is cheaper with a 0.06% expense ratio, compared with 0.40% for IOO.
IGSB has the higher dividend yield at 4.57%, compared with 1.35% for IOO.
IOO is categorized as Global Equities, while IGSB is Corporate Bonds. IOO tracks S&P Global 100 Index (Net), while IGSB tracks ICE BofAML 1-5 Year US Corporate Index. Their fees differ too: 0.40% for IOO and 0.06% for IGSB.
IOO currently has the higher Sharpe Ratio (2.55 vs 2.50), 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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