Correlation
The correlation between ISDB and IIGD is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ISDB vs. IIGD
Compare and contrast key facts about Invesco Short Duration Bond ETF (ISDB) and Invesco Investment Grade Defensive ETF (IIGD).
ISDB and IIGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISDB is an actively managed fund by Invesco. It was launched on Dec 5, 2022. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISDB or IIGD.
Performance
ISDB vs. IIGD - Performance Comparison
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Key characteristics
ISDB:
3.22
IIGD:
2.30
ISDB:
5.27
IIGD:
3.51
ISDB:
1.89
IIGD:
1.45
ISDB:
8.39
IIGD:
1.98
ISDB:
22.82
IIGD:
8.95
ISDB:
0.27%
IIGD:
0.83%
ISDB:
1.92%
IIGD:
3.22%
ISDB:
-1.44%
IIGD:
-11.43%
ISDB:
0.00%
IIGD:
0.00%
Returns By Period
In the year-to-date period, ISDB achieves a 2.07% return, which is significantly lower than IIGD's 3.18% return.
ISDB
2.07%
0.29%
2.50%
6.10%
N/A
N/A
N/A
IIGD
3.18%
0.00%
2.78%
7.33%
3.54%
0.98%
N/A
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ISDB vs. IIGD - Expense Ratio Comparison
ISDB has a 0.36% expense ratio, which is higher than IIGD's 0.13% expense ratio.
Risk-Adjusted Performance
ISDB vs. IIGD — Risk-Adjusted Performance Rank
ISDB
IIGD
ISDB vs. IIGD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Bond ETF (ISDB) and Invesco Investment Grade Defensive ETF (IIGD). 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.
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Dividends
ISDB vs. IIGD - Dividend Comparison
ISDB's dividend yield for the trailing twelve months is around 5.33%, more than IIGD's 4.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
ISDB Invesco Short Duration Bond ETF | 5.33% | 5.44% | 5.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IIGD Invesco Investment Grade Defensive ETF | 4.19% | 4.13% | 3.74% | 1.73% | 1.77% | 3.21% | 2.63% | 1.23% |
Drawdowns
ISDB vs. IIGD - Drawdown Comparison
The maximum ISDB drawdown since its inception was -1.44%, smaller than the maximum IIGD drawdown of -11.43%. Use the drawdown chart below to compare losses from any high point for ISDB and IIGD.
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Volatility
ISDB vs. IIGD - Volatility Comparison
The current volatility for Invesco Short Duration Bond ETF (ISDB) is 0.45%, while Invesco Investment Grade Defensive ETF (IIGD) has a volatility of 0.97%. This indicates that ISDB experiences smaller price fluctuations and is considered to be less risky than IIGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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