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IWP vs. IGSB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWP vs. IGSB

Last updated Jun 9, 2026

IWP (iShares Russell Mid-Cap Growth ETF) and IGSB (iShares Short-Term Corporate Bond ETF) are both exchange-traded funds - IWP is a Mid Cap Growth Equities fund tracking the Russell Midcap Growth Index, 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, IWP returned 12.22%/yr vs 2.71%/yr for IGSB. At a 0.08 correlation, their price movements are largely independent. IWP charges 0.23%/yr vs 0.06%/yr for IGSB.

Performance

IWP vs. IGSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Mid-Cap Growth ETF (IWP) and iShares Short-Term Corporate Bond ETF (IGSB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWP achieves a 1.66% return, which is significantly higher than IGSB's 0.52% return. Over the past 10 years, IWP has outperformed IGSB with an annualized return of 12.22%, while IGSB has yielded a comparatively lower 2.71% annualized return.

IWP

1D
-0.06%
1M
1.28%
YTD
1.66%
6M
0.18%
1Y
2.82%
3Y*
15.01%
5Y*
5.99%
10Y*
12.22%

IGSB

1D
0.04%
1M
-0.25%
YTD
0.52%
6M
1.00%
1Y
4.70%
3Y*
5.70%
5Y*
2.36%
10Y*
2.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWP vs. IGSB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWP
iShares Russell Mid-Cap Growth ETF		1.66%8.45%21.86%25.70%-26.90%12.60%35.25%35.04%-4.89%24.93%
IGSB
iShares Short-Term Corporate Bond ETF		0.52%6.96%4.97%6.40%-5.63%-0.56%5.37%7.11%1.25%1.27%

Correlation

The correlation between IWP and IGSB is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2007

0.08

Over the past year, IWP and IGSB have become more correlated (0.35) than their long-term average of 0.08, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell Mid-Cap Growth ETF

iShares Short-Term Corporate Bond ETF

Often compared with IWP:
IWP vs. VOTIWP vs. IWSIWP vs. VOIWP vs. IMCGIWP vs. IJKIWP vs. SCHGIWP vs. VOO
Often compared with IGSB:
IGSB vs. VCSHIGSB vs. LQDIGSB vs. SPSBIGSB vs. IGIBIGSB vs. SLQDIGSB vs. FLDRIGSB vs. AGG

Return for Risk

IWP vs. IGSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWP
IWP Risk / Return Rank: 1212
Overall Rank
IWP Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
IWP Sortino Ratio Rank: 1212
Sortino Ratio Rank
IWP Omega Ratio Rank: 1111
Omega Ratio Rank
IWP Calmar Ratio Rank: 1212
Calmar Ratio Rank
IWP Martin Ratio Rank: 1212
Martin Ratio Rank
IGSB
IGSB Risk / Return Rank: 8282
Overall Rank
IGSB Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IGSB Sortino Ratio Rank: 9090
Sortino Ratio Rank
IGSB Omega Ratio Rank: 8888
Omega Ratio Rank
IGSB Calmar Ratio Rank: 7171
Calmar Ratio Rank
IGSB Martin Ratio Rank: 7676
Martin Ratio Rank
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.

IWP vs. IGSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Mid-Cap Growth ETF (IWP) 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.

IWPIGSBDifference
Sharpe ratioReturn per unit of total volatility
0.17
2.47

-2.30

Sortino ratioReturn per unit of downside risk
0.36
3.83

-3.47

Omega ratioGain probability vs. loss probability

1.04

1.50

-0.46

Calmar ratioReturn relative to maximum drawdown

0.19

3.24

-3.04

Martin ratioReturn relative to average drawdown

0.56

13.12

-12.57

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWP vs. IGSB - Sharpe Ratio Comparison

The current IWP Sharpe Ratio is 0.17, which is lower than the IGSB Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of IWP and IGSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IWPIGSBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.17

2.47

-2.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.81

-0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.78

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.70

-0.28

Drawdowns

IWP vs. IGSB - Drawdown Comparison

The maximum IWP drawdown since its inception was -56.92%, which is greater than IGSB's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for IWP and IGSB.

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Drawdown Indicators

IWPIGSBDifference

Max Drawdown

Largest peak-to-trough decline

-56.92%

-13.38%

-43.54%

Max Drawdown (1Y)

Largest decline over 1 year

-14.79%

-1.46%

-13.33%

Max Drawdown (3Y)

Largest decline over 3 years

-25.20%

-1.46%

-23.74%

Max Drawdown (5Y)

Largest decline over 5 years

-38.62%

-9.46%

-29.16%

Max Drawdown (10Y)

Largest decline over 10 years

-38.62%

-13.38%

-25.24%

Current Drawdown

Current decline from peak

-4.08%

-0.51%

-3.57%

Average Drawdown

Average peak-to-trough decline

-9.68%

-0.85%

-8.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.08%

0.36%

+4.72%

Volatility

IWP vs. IGSB - Volatility Comparison

iShares Russell Mid-Cap Growth ETF (IWP) has a higher volatility of 4.62% compared to iShares Short-Term Corporate Bond ETF (IGSB) at 0.61%. This indicates that IWP'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

IWPIGSBDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.62%

0.61%

+4.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.93%

1.44%

+11.49%

Volatility (1Y)

Calculated over the trailing 1-year period

16.71%

1.91%

+14.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.34%

2.93%

+19.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.70%

3.47%

+18.23%

IWP vs. IGSB - Expense Ratio Comparison

IWP has a 0.23% expense ratio, which is higher than IGSB's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IWP vs. IGSB - Dividend Comparison

IWP's dividend yield for the trailing twelve months is around 0.33%, less than IGSB's 4.59% yield.

PositionTTM20252024202320222021202020192018201720162015
IGSB
iShares Short-Term Corporate Bond ETF		4.59%4.44%4.02%3.26%2.07%1.82%2.36%3.06%2.46%1.65%1.45%1.18%
IWP
iShares Russell Mid-Cap Growth ETF		0.33%0.37%0.40%0.54%0.77%0.30%0.38%0.59%1.02%0.78%1.16%0.98%

Frequently Asked Questions

IWP and IGSB have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWP has higher volatility (4.62%) compared to IGSB (0.61%). In terms of maximum drawdown, IWP dropped -56.92% vs IGSB's -13.38%.

On 10-year performance, IWP leads with 12.22% vs 2.71% for IGSB. On fees, IGSB is cheaper at 0.06% per year. On volatility, IGSB has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWP has performed better with a 12.22% return vs 2.71%. 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 0.23% for IWP.

IGSB has the higher dividend yield at 4.59%, compared with 0.33% for IWP.

IWP is categorized as Mid Cap Growth Equities, while IGSB is Corporate Bonds. IWP tracks Russell Midcap Growth Index, while IGSB tracks ICE BofAML 1-5 Year US Corporate Index. Their fees differ too: 0.23% for IWP and 0.06% for IGSB.

IGSB currently has the higher Sharpe Ratio (2.47 vs 0.17), 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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