Correlation
The correlation between MIG and IGEB is 0.22, 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.
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.
Performance
MIG vs. IGEB - Performance Comparison
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Key characteristics
MIG:
1.13
IGEB:
1.19
MIG:
1.41
IGEB:
1.69
MIG:
1.17
IGEB:
1.21
MIG:
0.64
IGEB:
0.65
MIG:
2.86
IGEB:
3.76
MIG:
2.01%
IGEB:
1.85%
MIG:
5.99%
IGEB:
5.88%
MIG:
-20.75%
IGEB:
-22.04%
MIG:
-3.00%
IGEB:
-4.09%
Returns By Period
In the year-to-date period, MIG achieves a 2.33% return, which is significantly lower than IGEB's 2.66% return.
MIG
2.33%
0.41%
0.59%
6.06%
4.03%
N/A
N/A
IGEB
2.66%
0.70%
0.83%
6.37%
3.72%
0.61%
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.
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Dividends
MIG vs. IGEB - Dividend Comparison
MIG's dividend yield for the trailing twelve months is around 4.76%, less than IGEB's 5.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 4.76% | 4.68% | 4.39% | 3.06% | 2.15% | 0.18% | 0.00% | 0.00% | 0.00% |
IGEB iShares Investment Grade Bond Factor ETF | 5.08% | 5.09% | 4.60% | 3.64% | 2.67% | 3.56% | 5.61% | 3.59% | 1.61% |
Drawdowns
MIG vs. IGEB - Drawdown Comparison
The maximum MIG drawdown since its inception was -20.75%, smaller than the maximum IGEB drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for MIG and IGEB.
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Volatility
MIG vs. IGEB - Volatility Comparison
The current volatility for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) is 1.58%, while iShares Investment Grade Bond Factor ETF (IGEB) has a volatility of 1.67%. This indicates that MIG experiences smaller price fluctuations and is considered to be less risky than IGEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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