USIG vs. CBFSX
USIG (iShares Broad USD Investment Grade Corporate Bond ETF) and CBFSX (JPMorgan Corporate Bond Fund) are both Corporate Bonds funds. Over the past 10 years, USIG returned 2.65%/yr vs 2.84%/yr for CBFSX. Their correlation of 0.88 suggests significant overlap in exposure. USIG charges 0.04%/yr vs 0.50%/yr for CBFSX.
Performance
USIG vs. CBFSX - Performance Comparison
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Returns By Period
In the year-to-date period, USIG achieves a 0.73% return, which is significantly higher than CBFSX's -0.07% return. Over the past 10 years, USIG has underperformed CBFSX with an annualized return of 2.65%, while CBFSX has yielded a comparatively higher 2.84% annualized return.
USIG
- 1D
- 0.18%
- 1M
- 0.46%
- YTD
- 0.73%
- 6M
- 0.73%
- 1Y
- 5.58%
- 3Y*
- 5.58%
- 5Y*
- 0.75%
- 10Y*
- 2.65%
CBFSX
- 1D
- -0.36%
- 1M
- 0.29%
- YTD
- -0.07%
- 6M
- -0.11%
- 1Y
- 4.83%
- 3Y*
- 5.28%
- 5Y*
- 0.58%
- 10Y*
- 2.84%
USIG vs. CBFSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.73% | 7.86% | 2.56% | 8.71% | -15.30% | -1.34% | 9.44% | 13.99% | -2.21% | 5.75% |
CBFSX JPMorgan Corporate Bond Fund | -0.07% | 7.45% | 2.71% | 9.20% | -16.06% | -0.77% | 10.23% | 15.05% | -2.31% | 6.89% |
Correlation
The correlation between USIG and CBFSX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2013 | 0.88 |
The correlation between USIG and CBFSX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
USIG vs. CBFSX — Risk / Return Rank
USIG
CBFSX
USIG vs. CBFSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) and JPMorgan Corporate Bond Fund (CBFSX). 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.
| USIG | CBFSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.61 | +0.40 |
| Martin ratioReturn relative to average drawdown | 6.53 | 4.82 | +1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USIG | CBFSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.31 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.09 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.47 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.53 | +0.01 |
Drawdowns
USIG vs. CBFSX - Drawdown Comparison
The maximum USIG drawdown since its inception was -22.21%, roughly equal to the maximum CBFSX drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for USIG and CBFSX.
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Drawdown Indicators
| USIG | CBFSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.21% | -22.42% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -3.49% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -6.10% | -6.62% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | -22.42% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -22.42% | +0.97% |
Current DrawdownCurrent decline from peak | -0.79% | -1.85% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -4.36% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.16% | -0.30% |
Volatility
USIG vs. CBFSX - Volatility Comparison
The current volatility for iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is 1.25%, while JPMorgan Corporate Bond Fund (CBFSX) has a volatility of 1.47%. This indicates that USIG experiences smaller price fluctuations and is considered to be less risky than CBFSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USIG | CBFSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.47% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 3.13% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 4.29% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.82% | 6.64% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.82% | 6.00% | +0.82% |
USIG vs. CBFSX - Expense Ratio Comparison
USIG has a 0.04% expense ratio, which is lower than CBFSX's 0.50% expense ratio.
Dividends
USIG vs. CBFSX - Dividend Comparison
USIG's dividend yield for the trailing twelve months is around 4.73%, more than CBFSX's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBFSX JPMorgan Corporate Bond Fund | 4.54% | 4.54% | 4.99% | 4.18% | 4.06% | 7.96% | 3.74% | 3.14% | 4.55% | 6.78% | 3.11% | 3.11% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.73% | 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 0.94, USIG and CBFSX 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.
CBFSX has higher volatility (1.47%) compared to USIG (1.25%). In terms of maximum drawdown, USIG dropped -22.21% vs CBFSX's -22.42%.
USIG currently has the higher Sharpe Ratio (1.37 vs 1.31), 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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