VRIG vs. IGSB
Compare and contrast key facts about Invesco Variable Rate Investment Grade ETF (VRIG) and iShares Short-Term Corporate Bond ETF (IGSB).
VRIG and IGSB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VRIG is an actively managed fund by Invesco. It was launched on Sep 22, 2016. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VRIG or IGSB.
Key characteristics
| VRIG | IGSB | |
|---|---|---|
| YTD Return | 5.76% | 4.79% |
| 1Y Return | 7.16% | 8.30% |
| 3Y Return (Ann) | 4.69% | 1.56% |
| 5Y Return (Ann) | 3.45% | 2.13% |
| Sharpe Ratio | 8.94 | 3.16 |
| Sortino Ratio | 19.23 | 5.15 |
| Omega Ratio | 4.42 | 1.66 |
| Calmar Ratio | 36.25 | 2.01 |
| Martin Ratio | 240.88 | 20.45 |
| Ulcer Index | 0.03% | 0.40% |
| Daily Std Dev | 0.81% | 2.62% |
| Max Drawdown | -13.04% | -13.38% |
| Current Drawdown | 0.00% | -0.75% |
Correlation
The correlation between VRIG and IGSB is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VRIG vs. IGSB - Performance Comparison
In the year-to-date period, VRIG achieves a 5.76% return, which is significantly higher than IGSB's 4.79% return. 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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VRIG vs. IGSB - Expense Ratio Comparison
VRIG has a 0.30% expense ratio, which is higher than IGSB's 0.06% expense ratio.
Risk-Adjusted Performance
VRIG vs. IGSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Investment Grade ETF (VRIG) 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
VRIG vs. IGSB - Dividend Comparison
VRIG's dividend yield for the trailing twelve months is around 6.19%, more than IGSB's 3.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VRIG Invesco Variable Rate Investment Grade ETF | 6.19% | 5.96% | 2.39% | 0.77% | 1.56% | 3.13% | 2.89% | 2.31% | 0.60% | 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
VRIG vs. IGSB - Drawdown Comparison
The maximum VRIG drawdown since its inception was -13.04%, roughly equal to the maximum IGSB drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for VRIG and IGSB. For additional features, visit the drawdowns tool.
Volatility
VRIG vs. IGSB - Volatility Comparison
The current volatility for Invesco Variable Rate Investment Grade ETF (VRIG) is 0.22%, while iShares Short-Term Corporate Bond ETF (IGSB) has a volatility of 0.63%. This indicates that VRIG 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.