ISDB vs. GVI

Last updated Jun 3, 2026

ISDB (Invesco Short Duration Bond ETF) and GVI (iShares Intermediate Government/Credit Bond ETF) are both Short-Term Bond funds. ISDB is actively managed, while GVI is passively managed. Over the past 3 years, ISDB returned 5.63%/yr vs 4.22%/yr for GVI. Their correlation of 0.82 suggests significant overlap in exposure. ISDB charges 0.36%/yr vs 0.20%/yr for GVI.

Performance

ISDB vs. GVI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Short Duration Bond ETF (ISDB) and iShares Intermediate Government/Credit Bond ETF (GVI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISDB achieves a 1.12% return, which is significantly higher than GVI's 0.12% return.

ISDB

• 1D: 0.04%
• 1M: 0.30%
• YTD: 1.12%
• 6M: 1.61%
• 1Y: 5.16%
• 3Y*: 5.63%
• 5Y*: —
• 10Y*: —

GVI

• 1D: -0.01%
• 1M: -0.08%
• YTD: 0.12%
• 6M: 0.32%
• 1Y: 3.95%
• 3Y*: 4.22%
• 5Y*: 1.05%
• 10Y*: 1.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISDB vs. GVI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ISDB Invesco Short Duration Bond ETF	1.12%	6.23%	5.35%	5.17%	0.01%
GVI iShares Intermediate Government/Credit Bond ETF	0.12%	6.66%	2.92%	5.15%	-0.67%

Correlation

The correlation between ISDB and GVI is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022	0.82

The correlation between ISDB and GVI has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.

Return for Risk

ISDB vs. GVI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISDB

ISDB Risk / Return Rank: 92
ISDB Sharpe Ratio Rank: 94
ISDB Sortino Ratio Rank: 96
ISDB Omega Ratio Rank: 97
ISDB Calmar Ratio Rank: 84
ISDB Martin Ratio Rank: 90

GVI

GVI Risk / Return Rank: 44
GVI Sharpe Ratio Rank: 45
GVI Sortino Ratio Rank: 49
GVI Omega Ratio Rank: 45
GVI Calmar Ratio Rank: 42
GVI Martin Ratio Rank: 40

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.

ISDB vs. GVI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Bond ETF (ISDB) and iShares Intermediate Government/Credit Bond ETF (GVI). 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.

	ISDB	GVI	Difference
Sharpe ratio Return per unit of total volatility	3.73	1.59	+2.14
Sortino ratio Return per unit of downside risk	5.88	2.44	+3.44
Omega ratio Gain probability vs. loss probability	1.88	1.29	+0.60
Calmar ratio Return relative to maximum drawdown	4.59	2.13	+2.46
Martin ratio Return relative to average drawdown	21.23	6.52	+14.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISDB vs. GVI - Sharpe Ratio Comparison

The current ISDB Sharpe Ratio is 3.73, which is higher than the GVI Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of ISDB and GVI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISDB	GVI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.73	1.59	+2.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.79	0.76	+2.03

Drawdowns

ISDB vs. GVI - Drawdown Comparison

The maximum ISDB drawdown since its inception was -1.83%, smaller than the maximum GVI drawdown of -12.93%. Use the drawdown chart below to compare losses from any high point for ISDB and GVI.

Drawdown Indicators

	ISDB	GVI	Difference
Max Drawdown Largest peak-to-trough decline	-1.83%	-12.93%	+11.10%
Max Drawdown (1Y) Largest decline over 1 year	-1.12%	-1.79%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	-1.12%	-2.65%	+1.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-12.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-12.93%	—
Current Drawdown Current decline from peak	-0.03%	-1.05%	+1.02%
Average Drawdown Average peak-to-trough decline	-0.25%	-1.86%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	0.59%	-0.35%

Volatility

ISDB vs. GVI - Volatility Comparison

The current volatility for Invesco Short Duration Bond ETF (ISDB) is 0.39%, while iShares Intermediate Government/Credit Bond ETF (GVI) has a volatility of 0.79%. This indicates that ISDB experiences smaller price fluctuations and is considered to be less risky than GVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISDB	GVI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	0.79%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	1.09%	1.78%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	1.39%	2.50%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.85%	3.97%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.85%	3.53%	-1.68%

ISDB vs. GVI - Expense Ratio Comparison

ISDB has a 0.36% expense ratio, which is higher than GVI's 0.20% expense ratio.

Dividends

ISDB vs. GVI - Dividend Comparison

ISDB's dividend yield for the trailing twelve months is around 4.58%, more than GVI's 3.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GVI iShares Intermediate Government/Credit Bond ETF	3.61%	3.48%	3.40%	2.75%	1.86%	1.46%	1.84%	2.29%	2.16%	1.91%	1.77%	1.75%
ISDB Invesco Short Duration Bond ETF	4.58%	4.89%	5.50%	5.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ISDB and GVI in my portfolio?

ISDB and GVI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ISDB or GVI?

GVI has higher volatility (0.79%) compared to ISDB (0.39%). In terms of maximum drawdown, ISDB dropped -1.83% vs GVI's -12.93%.

Which ETF is better, ISDB or GVI?

On 3-year performance, ISDB leads with 5.63% vs 4.22% for GVI. On fees, GVI is cheaper at 0.20% per year. On volatility, ISDB has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ISDB or GVI?

Over the 3-year period, ISDB has performed better with a 5.63% return vs 4.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ISDB or GVI?

GVI is cheaper with a 0.20% expense ratio, compared with 0.36% for ISDB.

Which ETF pays a higher dividend yield, ISDB or GVI?

ISDB has the higher dividend yield at 4.58%, compared with 3.61% for GVI.

What is the main difference between ISDB and GVI?

They also come from different issuers: Invesco and iShares. Their fees differ too: 0.36% for ISDB and 0.20% for GVI.

Which has better risk-adjusted returns?

ISDB currently has the higher Sharpe Ratio (3.73 vs 1.59), 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.