ISHG vs. IVV
ISHG (iShares 1-3 Year International Treasury Bond ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - ISHG is a International Government Bonds fund tracking the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ISHG returned -0.18%/yr vs 15.26%/yr for IVV. At a 0.18 correlation, their price movements are largely independent. ISHG charges 0.35%/yr vs 0.03%/yr for IVV.
Performance
ISHG vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, ISHG achieves a -1.21% return, which is significantly lower than IVV's 11.28% return. Over the past 10 years, ISHG has underperformed IVV with an annualized return of -0.18%, while IVV has yielded a comparatively higher 15.26% annualized return.
ISHG
- 1D
- 0.06%
- 1M
- -1.04%
- 6M
- -0.60%
- YTD
- -1.21%
- 1Y
- -0.54%
- 3Y*
- 3.44%
- 5Y*
- -0.95%
- 10Y*
- -0.18%
IVV
- 1D
- 0.41%
- 1M
- 2.01%
- 6M
- 9.34%
- YTD
- 11.28%
- 1Y
- 22.47%
- 3Y*
- 21.05%
- 5Y*
- 13.21%
- 10Y*
- 15.26%
ISHG vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | -1.21% | 13.31% | -4.16% | 3.76% | -10.95% | -7.05% | 7.47% | -0.64% | -3.54% | 10.91% |
IVV iShares Core S&P 500 ETF | 11.28% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between ISHG and IVV is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2009 | 0.18 |
Over the past year, ISHG and IVV have become more correlated (0.43) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
ISHG vs. IVV — Risk / Return Rank
ISHG
IVV
ISHG vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year International Treasury Bond ETF (ISHG) and iShares Core S&P 500 ETF (IVV). 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.
| ISHG | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.32 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.49 | -2.66 |
| Martin ratioReturn relative to average drawdown | -0.37 | 10.82 | -11.19 |
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Drawdowns
ISHG vs. IVV - Drawdown Comparison
The maximum ISHG drawdown since its inception was -37.24%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ISHG and IVV.
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Drawdown Indicators
| ISHG | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.24% | -55.25% | +18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -8.89% | +3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | -18.75% | +10.54% |
Max Drawdown (5Y)Largest decline over 5 years | -22.29% | -24.53% | +2.24% |
Max Drawdown (10Y)Largest decline over 10 years | -25.56% | -33.90% | +8.34% |
Current DrawdownCurrent decline from peak | -23.17% | -0.38% | -22.79% |
Average DrawdownAverage peak-to-trough decline | -18.46% | -10.75% | -7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 2.04% | +0.25% |
Volatility
ISHG vs. IVV - Volatility Comparison
The current volatility for iShares 1-3 Year International Treasury Bond ETF (ISHG) is 1.58%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.59%. This indicates that ISHG experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISHG | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 4.59% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 10.02% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.49% | 12.56% | -6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 17.00% | -9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.91% | 18.04% | -11.13% |
ISHG vs. IVV - Expense Ratio Comparison
ISHG has a 0.35% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
ISHG vs. IVV - Dividend Comparison
ISHG's dividend yield for the trailing twelve months is around 1.47%, more than IVV's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | 1.47% | 1.45% | 2.56% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% |
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
ISHG and IVV have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (4.59%) compared to ISHG (1.58%). In terms of maximum drawdown, ISHG dropped -37.24% vs IVV's -55.25%.
On 10-year performance, IVV leads with 15.26% vs -0.18% for ISHG. On fees, IVV is cheaper at 0.03% per year. On volatility, ISHG has been the lower-risk option at 1.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IVV has performed better with a 15.26% return vs -0.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.35% for ISHG.
ISHG has the higher dividend yield at 1.47%, compared with 1.08% for IVV.
ISHG is categorized as International Government Bonds, while IVV is S&P 500. ISHG tracks S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year, while IVV tracks S&P 500 Index. Their fees differ too: 0.35% for ISHG and 0.03% for IVV.
IVV currently has the higher Sharpe Ratio (1.76 vs -0.13), 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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