MIG vs. IGEB
Compare and contrast key facts about VanEck Moody's Analytics IG Corporate Bond ETF (MIG) and iShares Investment Grade Bond Factor ETF (IGEB).
MIG and IGEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MIG is a passively managed fund by VanEck that tracks the performance of the MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI). It was launched on Dec 1, 2020. IGEB is a passively managed fund by iShares that tracks the performance of the BlackRock Investment Grade Enhanced Bond Index. It was launched on Jul 11, 2017. Both MIG and IGEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIG or IGEB.
Correlation
The correlation between MIG and IGEB is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MIG vs. IGEB - Performance Comparison
Key characteristics
MIG:
0.89
IGEB:
1.06
MIG:
1.31
IGEB:
1.56
MIG:
1.15
IGEB:
1.18
MIG:
0.46
IGEB:
0.52
MIG:
2.68
IGEB:
3.25
MIG:
1.85%
IGEB:
1.75%
MIG:
5.56%
IGEB:
5.36%
MIG:
-20.75%
IGEB:
-21.13%
MIG:
-4.37%
IGEB:
-4.63%
Returns By Period
The year-to-date returns for both investments are quite close, with MIG having a 0.88% return and IGEB slightly higher at 0.91%.
MIG
0.88%
0.97%
-0.18%
5.89%
N/A
N/A
IGEB
0.91%
1.02%
-0.36%
5.72%
0.73%
N/A
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MIG vs. IGEB - Expense Ratio Comparison
MIG has a 0.20% expense ratio, which is higher than IGEB's 0.18% 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%.
Risk-Adjusted Performance
MIG vs. IGEB — Risk-Adjusted Performance Rank
MIG
IGEB
MIG vs. IGEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) and iShares Investment Grade Bond Factor ETF (IGEB). 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.
Dividends
MIG vs. IGEB - Dividend Comparison
MIG's dividend yield for the trailing twelve months is around 4.71%, less than IGEB's 5.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 4.71% | 4.68% | 4.39% | 3.06% | 2.15% | 0.18% | 0.00% | 0.00% | 0.00% |
IGEB iShares Investment Grade Bond Factor ETF | 5.09% | 5.09% | 4.60% | 3.63% | 3.84% | 3.77% | 5.61% | 3.59% | 1.61% |
Drawdowns
MIG vs. IGEB - Drawdown Comparison
The maximum MIG drawdown since its inception was -20.75%, roughly equal to the maximum IGEB drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for MIG and IGEB. For additional features, visit the drawdowns tool.
Volatility
MIG vs. IGEB - Volatility Comparison
VanEck Moody's Analytics IG Corporate Bond ETF (MIG) has a higher volatility of 1.53% compared to iShares Investment Grade Bond Factor ETF (IGEB) at 1.36%. This indicates that MIG's price experiences larger fluctuations and is considered to be riskier than IGEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.