UCRD vs. USIG
UCRD (VictoryShares ESG Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. UCRD is actively managed, while USIG is passively managed. Over the past 3 years, UCRD returned 5.77%/yr vs 5.56%/yr for USIG. Their correlation of 0.89 suggests significant overlap in exposure. UCRD charges 0.40%/yr vs 0.04%/yr for USIG.
Performance
UCRD vs. USIG - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with UCRD at 1.26% and USIG at 1.26%.
UCRD
- 1D
- 0.05%
- 1M
- 0.96%
- YTD
- 1.26%
- 6M
- 1.07%
- 1Y
- 5.38%
- 3Y*
- 5.77%
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- 0.07%
- 1M
- 0.89%
- YTD
- 1.26%
- 6M
- 1.04%
- 1Y
- 5.32%
- 3Y*
- 5.56%
- 5Y*
- 0.70%
- 10Y*
- 2.58%
UCRD vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UCRD VictoryShares ESG Corporate Bond ETF | 1.26% | 7.90% | 2.68% | 9.27% | -17.13% | 0.32% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 1.26% | 7.86% | 2.56% | 8.71% | -15.30% | -0.28% |
Correlation
The correlation between UCRD and USIG is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.89 |
The correlation between UCRD and USIG has been stable across timeframes, ranging from 0.89 to 0.97 - a consistent structural relationship.
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Return for Risk
UCRD vs. USIG — Risk / Return Rank
UCRD
USIG
UCRD vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares ESG Corporate Bond ETF (UCRD) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
| UCRD | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.91 | -0.05 |
| Martin ratioReturn relative to average drawdown | 5.62 | 6.07 | -0.45 |
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Drawdowns
UCRD vs. USIG - Drawdown Comparison
The maximum UCRD drawdown since its inception was -22.37%, roughly equal to the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for UCRD and USIG.
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Drawdown Indicators
| UCRD | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.37% | -22.21% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -2.79% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -6.54% | -6.10% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.28% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -8.31% | -3.41% | -4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.88% | +0.08% |
Volatility
UCRD vs. USIG - Volatility Comparison
VictoryShares ESG Corporate Bond ETF (UCRD) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG) have volatilities of 1.15% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCRD | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.15% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 3.14% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 4.09% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.52% | 6.82% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.52% | 6.83% | +0.69% |
UCRD vs. USIG - Expense Ratio Comparison
UCRD has a 0.40% expense ratio, which is higher than USIG's 0.04% expense ratio.
Dividends
UCRD vs. USIG - Dividend Comparison
UCRD's dividend yield for the trailing twelve months is around 4.19%, less than USIG's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCRD VictoryShares ESG Corporate Bond ETF | 4.19% | 4.05% | 4.00% | 3.56% | 2.72% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.71% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.97, UCRD and USIG 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.
USIG has higher volatility (1.15%) compared to UCRD (1.15%). In terms of maximum drawdown, UCRD dropped -22.37% vs USIG's -22.21%.
On 3-year performance, UCRD leads with 5.77% vs 5.56% for USIG. On fees, USIG is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UCRD has performed better with a 5.77% return vs 5.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USIG is cheaper with a 0.04% expense ratio, compared with 0.40% for UCRD.
USIG has the higher dividend yield at 4.71%, compared with 4.19% for UCRD.
They also come from different issuers: Victory and iShares. Their fees differ too: 0.40% for UCRD and 0.04% for USIG.
USIG currently has the higher Sharpe Ratio (1.31 vs 1.26), 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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