NUSIX vs. IGSB
Compare and contrast key facts about Navigator Ultra Short Term Bond Fund (NUSIX) and iShares Short-Term Corporate Bond ETF (IGSB).
NUSIX is managed by Navigator Funds. It was launched on Mar 21, 2019. IGSB is a passively managed fund by iShares that tracks the performance of the ICE BofAML 1-5 Year US Corporate Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NUSIX or IGSB.
Key characteristics
| NUSIX | IGSB | |
|---|---|---|
| YTD Return | 2.16% | 0.95% |
| 1Y Return | 5.89% | 5.29% |
| 3Y Return (Ann) | 2.99% | 0.27% |
| 5Y Return (Ann) | 2.47% | 1.95% |
| Sharpe Ratio | 8.81 | 1.71 |
| Daily Std Dev | 0.67% | 2.95% |
| Max Drawdown | -2.69% | -13.38% |
| Current Drawdown | 0.00% | -0.14% |
Correlation
The correlation between NUSIX and IGSB is 0.14, 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.
Performance
NUSIX vs. IGSB - Performance Comparison
In the year-to-date period, NUSIX achieves a 2.16% return, which is significantly higher than IGSB's 0.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NUSIX vs. IGSB - Expense Ratio Comparison
NUSIX has a 0.71% expense ratio, which is higher than IGSB's 0.06% expense ratio.
Risk-Adjusted Performance
NUSIX vs. IGSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Navigator Ultra Short Term Bond Fund (NUSIX) 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.
Dividends
NUSIX vs. IGSB - Dividend Comparison
NUSIX's dividend yield for the trailing twelve months is around 5.11%, more than IGSB's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NUSIX Navigator Ultra Short Term Bond Fund | 5.11% | 4.92% | 1.74% | 0.66% | 1.08% | 1.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGSB iShares Short-Term Corporate Bond ETF | 3.55% | 3.26% | 2.06% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% | 0.94% | 1.17% |
Drawdowns
NUSIX vs. IGSB - Drawdown Comparison
The maximum NUSIX drawdown since its inception was -2.69%, smaller than the maximum IGSB drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for NUSIX and IGSB. For additional features, visit the drawdowns tool.
Volatility
NUSIX vs. IGSB - Volatility Comparison
The current volatility for Navigator Ultra Short Term Bond Fund (NUSIX) is 0.18%, while iShares Short-Term Corporate Bond ETF (IGSB) has a volatility of 0.61%. This indicates that NUSIX experiences smaller price fluctuations and is considered to be less risky than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.