IG vs TYLG
IG vs TYLG
Principal Investment Grade Corporate ETF vs Global X Information Technology Covered Call & Growth ETF
Quick Verdict
IG has a lower expense ratio. TYLG delivered stronger 1-year returns. IG offers more diversification with 145 holdings.
Side-by-Side Comparison
| Metric | IG | TYLG | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.60% | |
| AUM | $198M | $14M | |
| Dividend Yield | 5.07% | 7.86% | |
| Holdings | 248 | 77 | |
| YTD Return | -1.54% | +22.17% | |
| 1Y Return | +0.84% | +35.11% | |
| 3Y Return (annualized) | +4.56% | +23.32% | |
| 5Y Return (annualized) | -0.69% | - | |
| Volatility (annualized) | 8.0% | 15.8% | |
| Max Drawdown | -23.8% | -24.5% | |
| Fund Family | Principal Funds | Global X by mirae Asset | |
| Category | Fixed Income | Alternative | |
| Inception | Apr 18, 2018 | Nov 21, 2022 |
IG vs TYLG Performance
Principal Investment Grade Corporate ETF (IG) is a ETF from Principal Funds and Global X Information Technology Covered Call & Growth ETF (TYLG) is a ETF from Global X by mirae Asset. Over the past year IG returned +0.84% while TYLG returned +35.11%. Year to date, IG is down 1.54% versus a gain of 22.17% for TYLG.
Over three years, IG compounded at +4.56% per year against +23.32% for TYLG. Across the full 4-year window we track, TYLG has the edge at +25.68% annualized vs +0.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYLG has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 8.0% for IG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.8% for IG and -24.5% for TYLG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IG charges 0.19% per year while TYLG charges 0.60%. On a $10,000 position that is $19 vs $60 annually, a gap of $41 per year that compounds over a long holding period. On income, IG currently yields 5.07% against 7.86% for TYLG.
Holdings Overlap
IG and TYLG share 0 holdings out of 204 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IG or TYLG?
IG has an expense ratio of 0.19% while TYLG charges 0.60%. IG is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, IG or TYLG?
Over the past year IG returned +0.84% vs +35.11% for TYLG, so TYLG leads on 1-year performance. Over the longest common window we track (4 years), IG annualized +0.59% vs +25.68% for TYLG. Past performance does not guarantee future results.
Which is riskier, IG or TYLG?
TYLG has been the more volatile fund at 15.8% annualized versus 8.0% for IG. Worst drawdown: IG -23.8% vs TYLG -24.5%.
Should I hold both IG and TYLG?
IG and TYLG have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IG and TYLG?
IG and TYLG share 0 common holdings with a 0.0% weight overlap. Combined, they hold 204 unique securities.
Which pays a higher dividend, IG or TYLG?
IG yields 5.07% while TYLG yields 7.86%, so TYLG currently pays the higher dividend yield.
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