IGBH vs TYO
iShares Interest Rate Hedged Long-Term Corporate Bond ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Which is better, IGBH or TYO?
Ultrashort Term Bond against Trading-Inverse Debt.
IGBH has a lower expense ratio. IGBH led over 3Y and the full window, TYO over 1Y and 5Y.
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 | IGBH | TYO |
|---|---|---|
| Expense Ratio | 0.14%Best | 1.00% |
| AUM | $243M | $11M |
| Dividend Yield | 5.43% | 2.46% |
| Holdings | 4,130 | 6 |
| YTD Return | +3.70% | +20.06%Best |
| 1Y Return | +6.03% | +23.23%Best |
| 3Y Return (annualized) | +7.73%Best | +5.79% |
| 5Y Return (annualized) | +5.51% | +16.88%Best |
| Volatility (annualized) | 7.4%Best | 19.1% |
| Max Drawdown | -38.9%Best | -56.1% |
| $10,000 over 5 years | $13,076 | $21,812Best |
| Fund Family | iShares by BlackRock (US) | Direxion Shares ETF Trust |
| Category | Fixed Income | Alternative |
| Style | Ultrashort Term Bond | Trading-Inverse Debt |
| Inception | Jul 22, 2015 | Apr 16, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 11, 2015 to Sep 18, 2026 (11 years).
IGBH vs TYO 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 11 years both funds cover.
IGBH vs TYO Performance
iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is an ETF from iShares by BlackRock (US) and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is an ETF from Direxion Shares ETF Trust. Over the past year IGBH returned +6.03% while TYO returned +23.23%. Year to date, IGBH is up 3.70% versus a gain of 20.06% for TYO.
Over three years, IGBH compounded at +7.73% per year against +5.79% for TYO; over five years the annualized figures are +5.51% and +16.88% respectively. Across the full 11-year window we track, IGBH has the edge at +3.02% annualized vs +0.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 7.4% 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 -56.1% for TYO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.16. They move largely independently of each other.
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 5.43% against 2.46% for TYO.
Holdings Overlap
We hold position weights for 2 holdings in IGBH and 2 in TYO, totalling 96.8% and 92.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in IGBH and 2 in TYO, against full books of 4,130 and 6.
You are not choosing between two funds in isolation.
Whichever of IGBH and TYO 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, IGBH or TYO?
IGBH has an expense ratio of 0.14% while TYO charges 1.00%. IGBH is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, IGBH or TYO?
Over the past year IGBH returned +6.03% vs +23.23% for TYO, so TYO leads on 1-year performance. Over the longest common window we track (11 years), IGBH annualized +3.02% vs +0.53% for TYO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IGBH or TYO?
TYO has been the more volatile fund at 19.1% annualized versus 7.4% for IGBH. Worst drawdown: IGBH -38.9% vs TYO -56.1%.
Should I hold both IGBH and TYO?
IGBH and TYO have a monthly-return correlation of 0.16, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IGBH or TYO?
IGBH yields 5.43% while TYO yields 2.46%, so IGBH currently pays the higher dividend yield.
Is TYO better than IGBH?
IGBH has a lower expense ratio. IGBH led over 3Y and the full window, TYO over 1Y and 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.