KORP vs. IGBH
KORP (American Century Diversified Corporate Bond ETF) and IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) are both Corporate Bonds funds. KORP is actively managed, while IGBH is passively managed. Over the past 5 years, KORP returned 1.76%/yr vs 5.27%/yr for IGBH. At a 0.23 correlation, their price movements are largely independent. KORP charges 0.29%/yr vs 0.16%/yr for IGBH.
Performance
KORP vs. IGBH - Performance Comparison
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Returns By Period
In the year-to-date period, KORP achieves a 0.69% return, which is significantly lower than IGBH's 2.31% return.
KORP
- 1D
- -0.23%
- 1M
- 0.60%
- YTD
- 0.69%
- 6M
- 0.54%
- 1Y
- 6.42%
- 3Y*
- 5.79%
- 5Y*
- 1.76%
- 10Y*
- —
IGBH
- 1D
- -0.12%
- 1M
- 1.78%
- YTD
- 2.31%
- 6M
- 3.18%
- 1Y
- 9.39%
- 3Y*
- 8.96%
- 5Y*
- 5.27%
- 10Y*
- 5.04%
KORP vs. IGBH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KORP American Century Diversified Corporate Bond ETF | 0.69% | 8.14% | 3.82% | 7.40% | -10.04% | -0.55% | 6.99% | 10.08% | -1.20% |
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 2.31% | 7.90% | 7.80% | 12.12% | -2.82% | 2.20% | 1.09% | 9.62% | -5.40% |
Correlation
The correlation between KORP and IGBH is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2018 | 0.23 |
Over the past year, KORP and IGBH have become more correlated (0.45) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
KORP vs. IGBH — Risk / Return Rank
KORP
IGBH
KORP vs. IGBH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Corporate Bond ETF (KORP) and iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH). 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.
| KORP | IGBH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.22 | -0.22 |
| Martin ratioReturn relative to average drawdown | 6.64 | 8.15 | -1.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KORP | IGBH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.33 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.86 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.52 | +0.06 |
Drawdowns
KORP vs. IGBH - Drawdown Comparison
The maximum KORP drawdown since its inception was -14.90%, smaller than the maximum IGBH drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for KORP and IGBH.
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Drawdown Indicators
| KORP | IGBH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.90% | -33.67% | +18.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -4.24% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -5.04% | -6.93% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -14.90% | -10.48% | -4.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.67% | — |
Current DrawdownCurrent decline from peak | -1.07% | -0.19% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -2.67% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.15% | -0.18% |
Volatility
KORP vs. IGBH - Volatility Comparison
American Century Diversified Corporate Bond ETF (KORP) has a higher volatility of 1.44% compared to iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) at 0.87%. This indicates that KORP's price experiences larger fluctuations and is considered to be riskier than IGBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KORP | IGBH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 0.87% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 3.14% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.36% | 4.05% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.36% | 6.13% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 9.20% | -4.28% |
KORP vs. IGBH - Expense Ratio Comparison
KORP has a 0.29% expense ratio, which is higher than IGBH's 0.16% expense ratio.
Dividends
KORP vs. IGBH - Dividend Comparison
KORP's dividend yield for the trailing twelve months is around 4.69%, less than IGBH's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 5.66% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
KORP American Century Diversified Corporate Bond ETF | 4.69% | 4.98% | 5.08% | 4.42% | 2.89% | 1.86% | 3.22% | 3.20% | 2.97% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KORP and IGBH have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORP has higher volatility (1.44%) compared to IGBH (0.87%). In terms of maximum drawdown, KORP dropped -14.90% vs IGBH's -33.67%.
On 5-year performance, IGBH leads with 5.27% vs 1.76% for KORP. On fees, IGBH is cheaper at 0.16% per year. On volatility, IGBH has been the lower-risk option at 0.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGBH has performed better with a 5.27% return vs 1.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGBH is cheaper with a 0.16% expense ratio, compared with 0.29% for KORP.
IGBH has the higher dividend yield at 5.66%, compared with 4.69% for KORP.
They also come from different issuers: American Century and iShares. Their fees differ too: 0.29% for KORP and 0.16% for IGBH.
IGBH currently has the higher Sharpe Ratio (2.33 vs 1.48), 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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