SLQD vs. IGSB
SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) and IGSB (iShares 1-5 Year Investment Grade Corporate Bond ETF) are both Corporate Bonds funds from iShares - SLQD tracks the Markit iBoxx USD Liquid Investment Grade 0-5 Index while IGSB tracks the ICE BofA 1-5 Year US Corporate Index. Both are passively managed. Over the past 10 years, SLQD returned 2.64%/yr vs 2.71%/yr for IGSB. A 0.75 correlation means they provide meaningful diversification when combined. SLQD charges 0.06%/yr vs 0.04%/yr for IGSB.
Performance
SLQD vs. IGSB - Performance Comparison
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Returns By Period
In the year-to-date period, SLQD achieves a 0.95% return, which is significantly higher than IGSB's 0.75% return. Both investments have delivered pretty close results over the past 10 years, with SLQD having a 2.64% annualized return and IGSB not far ahead at 2.71%.
SLQD
- 1D
- 0.11%
- 1M
- 0.33%
- YTD
- 0.95%
- 6M
- 1.15%
- 1Y
- 4.08%
- 3Y*
- 5.42%
- 5Y*
- 2.57%
- 10Y*
- 2.64%
IGSB
- 1D
- 0.10%
- 1M
- 0.31%
- YTD
- 0.75%
- 6M
- 0.96%
- 1Y
- 4.10%
- 3Y*
- 5.72%
- 5Y*
- 2.47%
- 10Y*
- 2.71%
SLQD vs. IGSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.95% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.09% | 2.12% |
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.75% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 5.37% | 7.11% | 1.25% | 1.27% |
Correlation
The correlation between SLQD and IGSB is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.75 |
Over the past year, SLQD and IGSB have become more correlated (0.95) than their long-term average of 0.75, meaning their price movements have been converging.
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Return for Risk
SLQD vs. IGSB — Risk / Return Rank
SLQD
IGSB
SLQD vs. IGSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) 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.
| SLQD | IGSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.42 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.82 | +1.03 |
| Martin ratioReturn relative to average drawdown | 17.35 | 11.30 | +6.05 |
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Drawdowns
SLQD vs. IGSB - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum IGSB drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for SLQD and IGSB.
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Drawdown Indicators
| SLQD | IGSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -13.38% | +0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -1.46% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -1.46% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -9.46% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | -13.38% | +0.69% |
Current DrawdownCurrent decline from peak | -0.11% | -0.28% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -0.85% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.36% | -0.12% |
Volatility
SLQD vs. IGSB - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.57%, while iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) has a volatility of 0.69%. This indicates that SLQD 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.
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Volatility by Period
| SLQD | IGSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.69% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 1.18% | 1.50% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.53% | 1.95% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.45% | 2.94% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 3.47% | -0.34% |
SLQD vs. IGSB - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is higher than IGSB's 0.04% 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%.
Dividends
SLQD vs. IGSB - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 4.32%, less than IGSB's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 4.58% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.32% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
With a correlation of 0.95, SLQD and IGSB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IGSB has higher volatility (0.69%) compared to SLQD (0.57%). In terms of maximum drawdown, SLQD dropped -12.69% vs IGSB's -13.38%.
On 10-year performance, IGSB leads with 2.71% vs 2.64% for SLQD. On fees, IGSB is cheaper at 0.04% per year. On volatility, SLQD has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGSB has performed better with a 2.71% return vs 2.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGSB is cheaper with a 0.04% expense ratio, compared with 0.06% for SLQD.
IGSB has the higher dividend yield at 4.58%, compared with 4.32% for SLQD.
SLQD tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index, while IGSB tracks ICE BofA 1-5 Year US Corporate Index. Their fees differ too: 0.06% for SLQD and 0.04% for IGSB.
SLQD currently has the higher Sharpe Ratio (2.69 vs 2.11), 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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