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PFF vs. IGIB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PFF vs. IGIB

Last updated Jun 9, 2026

PFF (iShares Preferred and Income Securities ETF) and IGIB (iShares Intermediate-Term Corporate Bond ETF) are both exchange-traded funds - PFF is a Preferred Stock/Convertible Bonds fund tracking the ICE Exchange-Listed Preferred & Hybrid Securities Index, while IGIB is a Corporate Bonds fund tracking the Bloomberg Barclays U.S. Intermediate Credit Index. Both are passively managed. Over the past 10 years, PFF returned 3.27%/yr vs 2.97%/yr for IGIB. At a 0.25 correlation, their price movements are largely independent. PFF charges 0.46%/yr vs 0.06%/yr for IGIB.

Performance

PFF vs. IGIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Preferred and Income Securities ETF (PFF) and iShares Intermediate-Term Corporate Bond ETF (IGIB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PFF achieves a 2.07% return, which is significantly higher than IGIB's -0.24% return. Over the past 10 years, PFF has outperformed IGIB with an annualized return of 3.27%, while IGIB has yielded a comparatively lower 2.97% annualized return.

PFF

1D
0.19%
1M
-1.93%
YTD
2.07%
6M
2.58%
1Y
8.08%
3Y*
6.61%
5Y*
1.33%
10Y*
3.27%

IGIB

1D
-0.02%
1M
-0.78%
YTD
-0.24%
6M
0.09%
1Y
6.09%
3Y*
6.24%
5Y*
1.20%
10Y*
2.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PFF vs. IGIB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PFF
iShares Preferred and Income Securities ETF		2.07%4.87%7.24%9.22%-18.19%7.15%7.89%15.93%-4.64%8.10%
IGIB
iShares Intermediate-Term Corporate Bond ETF		-0.24%9.58%3.49%9.22%-14.00%-1.66%9.64%14.60%-0.71%3.50%

Correlation

The correlation between PFF and IGIB is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.53

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

0.61

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

0.55

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

0.44

Correlation (All Time)
Calculated using the full available price history since Mar 30, 2007

0.25

Over the past year, PFF and IGIB have become more correlated (0.53) than their long-term average of 0.25, 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 Preferred and Income Securities ETF

iShares Intermediate-Term Corporate Bond ETF

Often compared with PFF:
PFF vs. PFFAPFF vs. PFFDPFF vs. PGXPFF vs. JEPIPFF vs. FPEPFF vs. SPYPFF vs. PSK
Often compared with IGIB:
IGIB vs. VCITIGIB vs. IGSBIGIB vs. LQDIGIB vs. USIGIGIB vs. VGITIGIB vs. AGGIGIB vs. BND

Return for Risk

PFF vs. IGIB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PFF
PFF Risk / Return Rank: 3535
Overall Rank
PFF Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
PFF Sortino Ratio Rank: 3535
Sortino Ratio Rank
PFF Omega Ratio Rank: 3434
Omega Ratio Rank
PFF Calmar Ratio Rank: 3434
Calmar Ratio Rank
PFF Martin Ratio Rank: 3434
Martin Ratio Rank
IGIB
IGIB Risk / Return Rank: 4747
Overall Rank
IGIB Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
IGIB Sortino Ratio Rank: 4949
Sortino Ratio Rank
IGIB Omega Ratio Rank: 4646
Omega Ratio Rank
IGIB Calmar Ratio Rank: 4545
Calmar Ratio Rank
IGIB Martin Ratio Rank: 4545
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.

PFF vs. IGIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Preferred and Income Securities ETF (PFF) and iShares Intermediate-Term Corporate Bond ETF (IGIB). 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.

PFFIGIBDifference
Sharpe ratioReturn per unit of total volatility
1.19
1.49

-0.30

Sortino ratioReturn per unit of downside risk
1.71
2.20

-0.49

Omega ratioGain probability vs. loss probability

1.21

1.27

-0.06

Calmar ratioReturn relative to maximum drawdown

1.54

2.03

-0.49

Martin ratioReturn relative to average drawdown

4.73

6.77

-2.04

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

PFF vs. IGIB - Sharpe Ratio Comparison

The current PFF Sharpe Ratio is 1.19, which is comparable to the IGIB Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of PFF and IGIB, 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

PFFIGIBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.19

1.49

-0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.13

0.18

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

0.49

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.69

-0.48

Drawdowns

PFF vs. IGIB - Drawdown Comparison

The maximum PFF drawdown since its inception was -65.55%, which is greater than IGIB's maximum drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for PFF and IGIB.

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Drawdown Indicators

PFFIGIBDifference

Max Drawdown

Largest peak-to-trough decline

-65.55%

-20.62%

-44.93%

Max Drawdown (1Y)

Largest decline over 1 year

-5.28%

-3.01%

-2.27%

Max Drawdown (3Y)

Largest decline over 3 years

-10.63%

-6.05%

-4.58%

Max Drawdown (5Y)

Largest decline over 5 years

-21.05%

-20.62%

-0.43%

Max Drawdown (10Y)

Largest decline over 10 years

-34.10%

-20.62%

-13.48%

Current Drawdown

Current decline from peak

-1.93%

-1.78%

-0.15%

Average Drawdown

Average peak-to-trough decline

-5.76%

-2.58%

-3.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

0.90%

+0.81%

Volatility

PFF vs. IGIB - Volatility Comparison

iShares Preferred and Income Securities ETF (PFF) has a higher volatility of 2.20% compared to iShares Intermediate-Term Corporate Bond ETF (IGIB) at 1.33%. This indicates that PFF's price experiences larger fluctuations and is considered to be riskier than IGIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PFFIGIBDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.20%

1.33%

+0.87%

Volatility (6M)

Calculated over the trailing 6-month period

5.17%

3.12%

+2.05%

Volatility (1Y)

Calculated over the trailing 1-year period

6.84%

4.11%

+2.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.31%

6.56%

+3.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.67%

6.06%

+6.61%

PFF vs. IGIB - Expense Ratio Comparison

PFF has a 0.46% expense ratio, which is higher than IGIB's 0.06% expense ratio.

Dividends

PFF vs. IGIB - Dividend Comparison

PFF's dividend yield for the trailing twelve months is around 5.52%, more than IGIB's 4.84% yield.

PositionTTM20252024202320222021202020192018201720162015
IGIB
iShares Intermediate-Term Corporate Bond ETF		4.84%4.59%4.41%3.78%3.04%2.52%2.74%3.44%3.41%2.51%2.45%2.51%
PFF
iShares Preferred and Income Securities ETF		5.52%6.30%6.32%6.63%6.01%4.45%4.79%5.31%6.32%5.59%5.85%5.76%

Frequently Asked Questions

PFF and IGIB have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PFF has higher volatility (2.20%) compared to IGIB (1.33%). In terms of maximum drawdown, PFF dropped -65.55% vs IGIB's -20.62%.

On 10-year performance, PFF leads with 3.27% vs 2.97% for IGIB. On fees, IGIB is cheaper at 0.06% per year. On volatility, IGIB has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PFF has performed better with a 3.27% return vs 2.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGIB is cheaper with a 0.06% expense ratio, compared with 0.46% for PFF.

PFF has the higher dividend yield at 5.52%, compared with 4.84% for IGIB.

PFF is categorized as Preferred Stock/Convertible Bonds, while IGIB is Corporate Bonds. PFF tracks ICE Exchange-Listed Preferred & Hybrid Securities Index, while IGIB tracks Bloomberg Barclays U.S. Intermediate Credit Index. Their fees differ too: 0.46% for PFF and 0.06% for IGIB.

IGIB currently has the higher Sharpe Ratio (1.49 vs 1.19), 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.

Portfolio Optimizer

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