IGBH vs TYO
IGBH vs TYO
iShares Interest Rate Hedged Long-Term Corporate Bond ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
IGBH has a lower expense ratio. TYO delivered stronger 1-year returns. IGBH offers more diversification with 76 holdings.
Side-by-Side Comparison
| Metric | IGBH | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 1.00% | |
| AUM | $203M | $12M | |
| Dividend Yield | 5.68% | 2.62% | |
| Holdings | 4,130 | 6 | |
| YTD Return | +1.43% | +10.84% | |
| 1Y Return | +5.80% | +11.31% | |
| 3Y Return (annualized) | +7.55% | +6.14% | |
| 5Y Return (annualized) | +5.34% | +14.69% | |
| Volatility (annualized) | 7.5% | 19.3% | |
| Max Drawdown | -38.9% | -90.4% | |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust | |
| Category | Fixed Income | Alternative | |
| Inception | Jul 22, 2015 | Apr 16, 2009 |
IGBH vs TYO Performance
iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is a ETF from iShares by BlackRock (US) and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year IGBH returned +5.80% while TYO returned +11.31%. Year to date, IGBH is up 1.43% versus a gain of 10.84% for TYO.
Over three years, IGBH compounded at +7.55% per year against +6.14% for TYO; over five years the annualized figures are +5.34% and +14.69% respectively. Across the full 11-year window we track, IGBH has the edge at +2.85% annualized vs -7.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 7.5% for IGBH. 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 -38.9% for IGBH and -90.4% for TYO. 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 0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IGBH charges 0.14% per year while TYO charges 1.00%. On a $10,000 position that is $14 vs $100 annually, a gap of $86 per year that compounds over a long holding period. On income, IGBH currently yields 5.68% against 2.62% for TYO.
Holdings Overlap
IGBH and TYO share 0 holdings out of 79 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, IGBH or TYO?
IGBH has an expense ratio of 0.14% while TYO charges 1.00%. IGBH is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, IGBH or TYO?
Over the past year IGBH returned +5.80% vs +11.31% for TYO, so TYO leads on 1-year performance. Over the longest common window we track (11 years), IGBH annualized +2.85% vs -7.26% for TYO. Past performance does not guarantee future results.
Which is riskier, IGBH or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 7.5% for IGBH. Worst drawdown: IGBH -38.9% vs TYO -90.4%.
Should I hold both IGBH and TYO?
IGBH and TYO have a monthly-return correlation of 0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IGBH and TYO?
IGBH and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 79 unique securities.
Which pays a higher dividend, IGBH or TYO?
IGBH yields 5.68% while TYO yields 2.62%, so IGBH currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.