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SKWD vs. IGSB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SKWD vs. IGSB

Last updated Jul 18, 2026
Documentation

SKWD (Skyward Specialty Insurance Group Inc. Common Stock) is a stock, while IGSB (iShares 1-5 Year Investment Grade Corporate Bond ETF) is Corporate Bonds fund tracking the ICE BofA 1-5 Year US Corporate Index. Over the past 3 years, SKWD returned 33.73%/yr vs 5.60%/yr for IGSB. At a 0.03 correlation, their price movements are largely independent.

Performance

SKWD vs. IGSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Skyward Specialty Insurance Group Inc. Common Stock (SKWD) and iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SKWD achieves a 15.85% return, which is significantly higher than IGSB's 1.00% return.

SKWD

1D
1.27%
1M
17.22%
6M
27.39%
YTD
15.85%
1Y
9.43%
3Y*
33.73%
5Y*
—
10Y*
—

IGSB

1D
0.01%
1M
0.39%
6M
0.92%
YTD
1.00%
1Y
4.04%
3Y*
5.60%
5Y*
2.48%
10Y*
2.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SKWD vs. IGSB - Yearly Performance Comparison

2026 (YTD)202520242023
SKWD
Skyward Specialty Insurance Group Inc. Common Stock		15.85%1.13%49.17%79.26%
IGSB
iShares 1-5 Year Investment Grade Corporate Bond ETF		1.00%6.96%4.97%5.03%

Correlation

The correlation between SKWD and IGSB is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.07

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

0.06

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2023

0.03

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Skyward Specialty Insurance Group Inc. Common Stock

iShares 1-5 Year Investment Grade Corporate Bond ETF

Often compared with SKWD:
SKWD vs. PLMRSKWD vs. HCISKWD vs. COSTSKWD vs. NTSXSKWD vs. MSFTSKWD vs. PGRSKWD vs. SPY
Often compared with IGSB:
IGSB vs. VCSHIGSB vs. LQDIGSB vs. SPSBIGSB vs. IGIBIGSB vs. SLQDIGSB vs. FLDRIGSB vs. AGG

Return for Risk

SKWD vs. IGSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SKWD
SKWD Risk / Return Rank: 5252
Overall Rank
SKWD Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SKWD Sortino Ratio Rank: 5050
Sortino Ratio Rank
SKWD Omega Ratio Rank: 4848
Omega Ratio Rank
SKWD Calmar Ratio Rank: 5555
Calmar Ratio Rank
SKWD Martin Ratio Rank: 5353
Martin Ratio Rank
IGSB
IGSB Risk / Return Rank: 8080
Overall Rank
IGSB Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
IGSB Sortino Ratio Rank: 8686
Sortino Ratio Rank
IGSB Omega Ratio Rank: 8585
Omega Ratio Rank
IGSB Calmar Ratio Rank: 7070
Calmar Ratio Rank
IGSB Martin Ratio Rank: 7676
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.

SKWD vs. IGSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Skyward Specialty Insurance Group Inc. Common Stock (SKWD) and iShares 1-5 Year Investment Grade 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SKWDIGSBDifference
Sharpe ratioReturn per unit of total volatility
0.27
2.07

-1.81

Sortino ratioReturn per unit of downside risk
0.62
3.14

-2.52

Omega ratioGain probability vs. loss probability

1.07

1.41

-0.33

Calmar ratioReturn relative to maximum drawdown

0.40

2.79

-2.39

Martin ratioReturn relative to average drawdown

0.72

11.13

-10.41

SKWD vs. IGSB - Sharpe Ratio Comparison

The current SKWD Sharpe Ratio is 0.27, which is lower than the IGSB Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of SKWD and IGSB, 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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Drawdowns

SKWD vs. IGSB - Drawdown Comparison

The maximum SKWD drawdown since its inception was -36.52%, which is greater than IGSB's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for SKWD and IGSB.

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Drawdown Indicators

SKWDIGSBDifference

Max Drawdown

Largest peak-to-trough decline

-36.52%

-13.38%

-23.14%

Max Drawdown (1Y)

Largest decline over 1 year

-23.76%

-1.46%

-22.30%

Max Drawdown (3Y)

Largest decline over 3 years

-36.52%

-1.46%

-35.06%

Max Drawdown (5Y)

Largest decline over 5 years

—

-9.46%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-13.38%

—

Current Drawdown

Current decline from peak

-8.91%

-0.14%

-8.77%

Average Drawdown

Average peak-to-trough decline

-11.05%

-0.85%

-10.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.18%

0.36%

+12.82%

Volatility

SKWD vs. IGSB - Volatility Comparison

Skyward Specialty Insurance Group Inc. Common Stock (SKWD) has a higher volatility of 12.03% compared to iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) at 0.66%. This indicates that SKWD's price experiences larger fluctuations and is considered to be riskier than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SKWDIGSBDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.03%

0.66%

+11.37%

Volatility (6M)

Calculated over the trailing 6-month period

25.48%

1.56%

+23.92%

Volatility (1Y)

Calculated over the trailing 1-year period

35.36%

1.96%

+33.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.25%

2.95%

+31.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.25%

3.47%

+30.78%

Dividends

SKWD vs. IGSB - Dividend Comparison

SKWD has not paid dividends to shareholders, while IGSB's dividend yield for the trailing twelve months is around 4.59%.

PositionTTM20252024202320222021202020192018201720162015
IGSB
iShares 1-5 Year Investment Grade Corporate Bond ETF		4.59%4.44%4.02%3.26%2.07%1.82%2.36%3.06%2.46%1.65%1.45%1.18%
SKWD
Skyward Specialty Insurance Group Inc. Common Stock		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SKWD and IGSB have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SKWD has higher volatility (12.03%) compared to IGSB (0.66%). In terms of maximum drawdown, SKWD dropped -36.52% vs IGSB's -13.38%.

IGSB currently has the higher Sharpe Ratio (2.07 vs 0.27), 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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