SUSB vs. IGSB
Compare and contrast key facts about iShares ESG 1-5 Year USD Corporate Bond ETF (SUSB) and iShares Short-Term Corporate Bond ETF (IGSB).
SUSB and IGSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SUSB is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays MSCI US Corporate 1-5 Year ESG Focus Index. It was launched on Jul 12, 2017. 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. Both SUSB and IGSB 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: SUSB or IGSB.
Key characteristics
| SUSB | IGSB | |
|---|---|---|
| YTD Return | 4.61% | 4.77% |
| 1Y Return | 8.36% | 8.54% |
| 3Y Return (Ann) | 1.30% | 1.54% |
| 5Y Return (Ann) | 1.85% | 2.12% |
| Sharpe Ratio | 2.97 | 3.16 |
| Sortino Ratio | 4.76 | 5.15 |
| Omega Ratio | 1.61 | 1.66 |
| Calmar Ratio | 1.73 | 2.02 |
| Martin Ratio | 19.56 | 20.32 |
| Ulcer Index | 0.41% | 0.41% |
| Daily Std Dev | 2.71% | 2.62% |
| Max Drawdown | -13.25% | -13.38% |
| Current Drawdown | -0.86% | -0.77% |
Correlation
The correlation between SUSB and IGSB is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SUSB vs. IGSB - Performance Comparison
The year-to-date returns for both investments are quite close, with SUSB having a 4.61% return and IGSB slightly higher at 4.77%. 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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SUSB vs. IGSB - Expense Ratio Comparison
SUSB has a 0.12% expense ratio, which is higher than IGSB's 0.06% 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
SUSB vs. IGSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG 1-5 Year USD Corporate Bond ETF (SUSB) 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
SUSB vs. IGSB - Dividend Comparison
SUSB's dividend yield for the trailing twelve months is around 3.63%, less than IGSB's 3.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUSB iShares ESG 1-5 Year USD Corporate Bond ETF | 3.63% | 2.80% | 1.73% | 1.30% | 1.91% | 2.82% | 3.05% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% |
IGSB iShares Short-Term Corporate Bond ETF | 3.90% | 3.26% | 2.07% | 1.82% | 2.37% | 3.07% | 2.46% | 1.65% | 1.45% | 1.18% | 0.94% | 1.17% |
Drawdowns
SUSB vs. IGSB - Drawdown Comparison
The maximum SUSB drawdown since its inception was -13.25%, roughly equal to the maximum IGSB drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for SUSB and IGSB. For additional features, visit the drawdowns tool.
Volatility
SUSB vs. IGSB - Volatility Comparison
iShares ESG 1-5 Year USD Corporate Bond ETF (SUSB) has a higher volatility of 0.66% compared to iShares Short-Term Corporate Bond ETF (IGSB) at 0.62%. This indicates that SUSB'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.