IG vs IGCB
Principal Investment Grade Corporate ETF vs TCW Corporate Bond ETF
Which is better, IG or IGCB?
Nearly the same fund. IG costs less.
IG has a lower expense ratio. IGCB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IG | IGCB |
|---|---|---|
| Expense Ratio | 0.19%Best | 0.35% |
| AUM | $202M | - |
| Dividend Yield | 5.17% | 4.81% |
| Holdings | 510 | 861 |
| YTD Return | -4.65% | -3.18%Best |
| 1Y Return | -4.07% | -2.62%Best |
| 3Y Return (annualized) | +4.45% | - |
| 5Y Return (annualized) | -1.10% | - |
| Volatility (annualized) | 4.5%Tie | 4.5%Tie |
| Max Drawdown | -7.1% | -5.1%Best |
| $10,000 over 1.9 years | $10,193 | $10,447Best |
| Fund Family | Principal Funds | TCW ETFs |
| Category | Fixed Income | Fixed Income |
| Style | Long Term Mid Quality | Long Term Mid Quality |
| Inception | Apr 18, 2018 | Jun 29, 2018 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 18, 2024 to Oct 9, 2026 (1.9 years).
IG vs IGCB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
IG vs IGCB Performance
Principal Investment Grade Corporate ETF (IG) is an ETF from Principal Funds and TCW Corporate Bond ETF (IGCB) is an ETF from TCW ETFs. Over the past year IG returned -4.07% while IGCB returned -2.62%. Year to date, IG is down 4.65% versus a loss of 3.18% for IGCB.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IG and IGCB have been equally volatile, both at 4.5% annualized.
The deepest peak-to-trough decline in our data was -7.1% for IG and -5.1% for IGCB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IG charges 0.19% per year while IGCB charges 0.35%. On a $10,000 position that is $19 vs $35 annually, a gap of $16 per year that compounds over a long holding period. On income, IG currently yields 5.17% against 4.81% for IGCB.
Holdings Overlap
We hold position weights for 124 holdings in IG and 287 in IGCB, totalling 53.8% and 64.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 11 positions appear in both.
11 positions in common, counted across the 124 positions we hold weights for in IG and 287 in IGCB, against full books of 510 and 861.
Top Shared Holdings
| Stock | Weight in IG | Weight in IGCB | Difference |
|---|---|---|---|
| BAC V2.687 04/22/32Bank Of America Corp 2.69% 22Apr2032 | 2.42% | 1.50% | 0.92% |
| PNC V5.676 01/22/35Pnc Financial Services Regd V/R 5.67600000 | 1.48% | 0.17% | 1.31% |
| BA 5.805 05/01/50Boeing Co 5.805%, Due 05/01/2050 | 1.23% | 0.24% | 0.99% |
| GS V5.016 10/23/35Goldman Sachs Group Inc|5.016|10/23/2035 5.02% 10/23/35 | 0.39% | 0.64% | 0.25% |
| ORCL 3.95 03/25/51Oracle Corp 3.95 3/51 | 0.42% | 0.60% | 0.18% |
| NOC 5.2 06/01/54Northrop Grumman 5.2% 06/01/54 | 0.32% | 0.30% | 0.02% |
| RTX 6.4 03/15/54Rtx Corp Corporate Bonds | 0.12% | 0.41% | 0.29% |
| JBSSBZ 5.75 04/01/33Jbs Usa Holding Lux Sarl/ Jbs Usa Food Co/ Jbs Lux Co Sarl Corp. Note | 0.11% | 0.35% | 0.24% |
| SNPS 5.15 04/01/35Synopsys Inc 5.15% Apr 01, 2035 | 0.27% | 0.07% | 0.20% |
| T 3.55 09/15/55At&T Inc 3.55% Sep 15, 2055 | 0.17% | 0.13% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of IG and IGCB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IG or IGCB?
IG has an expense ratio of 0.19% while IGCB charges 0.35%. IG is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, IG or IGCB?
Over the past year IG returned -4.07% vs -2.62% for IGCB, so IGCB leads on 1-year performance. Over the longest common window we track (2 years), IG annualized +1.01% vs +2.33% for IGCB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IG or IGCB?
IG and IGCB have been equally volatile, both at 4.5% annualized. Worst drawdown: IG -7.1% vs IGCB -5.1%.
Should I hold both IG and IGCB?
IG and IGCB have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, IG or IGCB?
IG yields 5.17% while IGCB yields 4.81%, so IG currently pays the higher dividend yield.
Is IGCB better than IG?
IG has a lower expense ratio. IGCB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.