IGEB vs USIG: Grades, Fees and Holdings Compared

iShares Investment Grade Systematic Bond ETF

IGEBACboe

iShares Broad USD Investment Grade Corporate Bond ETF

USIGANasdaq

Overlap

No data

Expense ratio

USIG −0.14pt a year

IGEB0.18%USIG0.04%

Avg volume · 30D

USIG 7.0×the volume

IGEB310KUSIG2.16M

5Y return · a year

IGEB +0.4pt

IGEB+0.5%USIG+0.1%

IGEB vs USIG Performance

Nov 2, 2021 – Nov 2, 2026

+2.5%IGEB+0.5%USIG

Expense ratio: IGEB 0.18%; USIG 0.04%, better
Fund size: IGEB $1.45B; USIG $18B
1Y total return: IGEB −0.5%; USIG −0.5%
Yield (12M): IGEB 5.75%, better; USIG 5.37%
Holdings: IGEB 434; USIG 11595
Avg volume (30D): IGEB 310K sh; USIG 2.16M sh, better
NAV per share: IGEB $43.51; USIG $49.53
52W range

ETF.net Grade

Pillar letters and Scores for IGEB, USIG, with each pillar’s weight
Pillar	IGEB	USIG
Cost30% weight	A70	A98Higher
Mission25% weight	A100	A100
Risk15% weight	B55Higher	C53
Tradability15% weight	A86	A95Higher
Holdings10% weight	A80	A97Higher
Durability5% weight	A77	A92Higher

Rank among Investment Grade Corporate funds

How we build Categories ›

Same Category. IGEB and USIG are both graded against the same 49 Investment Grade Corporate funds, so their Grades compare head to head.

Investment Grade Corporate⁠

Category · 49 funds

See all 49 ›

USIG ranks 1st and IGEB 6th of 49 funds in the Investment Grade Corporate Category.

Rank 1AUSIGiShares Broad USD Investment Grade Corporate Bond ETFScore 90
Rank 2ASPBOState Street SPDR Portfolio Corporate Bond ETFScore 89
Rank 5AGIGBGoldman Sachs Access Investment Grade Corporate Bond ETFScore 80
Rank 6AIGEBiShares Investment Grade Systematic Bond ETFScore 79
Rank 6ALQDiShares iBoxx $ Investment Grade Corporate Bond ETFScore 79

Our read on each fund

ETF.net Research

IGEBAiShares Investment Grade Systematic Bond ETF

USIGAiShares Broad USD Investment Grade Corporate Bond ETF

In short

IGEB No data

USIG Most investment-grade corporate bond funds hand you one slice of the maturity curve. USIG takes the whole thing, thousands of US dollar corporate bonds from short-dated to long, for four basis points a year.

Stated mandate

IGEB No data

USIG The fund seeks to track an index of U.S. dollar-denominated investment-grade corporate bonds.

Why people hold it

IGEB No data

USIG Costs 0.04% a year, against a category median near 0.19%. CORP, which tracks the same ICE BofA US Corporate Index, charges 0.41%.
One ticker, the full USD investment-grade corporate curve: thousands of bonds, short to long. Slice funds like IGSB (1-5 year) and IGIB (5-10 year) each cover one segment.ishares.com
Running since 2007, it has tracked its index with very little drift and is one of the more actively traded funds in its category.
Interest lands monthly, and this is a multi-billion-dollar fund that ranks among the strongest implementations in its peer group.

Worth knowing

IGEB No data

USIG Owning the whole curve means long-dated bonds ride along, so the price swings more when rates move than a short-maturity slice such as IGSB.
This is corporate credit, not Treasuries. Investment grade at purchase, but prices can fall when spreads widen or an issuer is downgraded.ishares.com
VCIT edges it on fee at 0.03%, though that fund stays in intermediate maturities rather than the full curve.

Full IGEB profile⁠

Full USIG profile⁠

IGEB vs USIG Holdings

How IGEB and USIG differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Sector20 Sectors86.9%
Countryby domicile87.5%
Asset classFixed Income100%

Sector

Sector weights in IGEB and USIG, widest gap first
Sector	More in IGEBMore in USIG	IGEB	USIG
Energy	IGEB +7.1 points	14.8%	7.7%
Banking	USIG +4.6 points	20.1%	24.7%
Electric	IGEB +3.3 points	12.9%	9.6%
Owned No Guarantee	USIG +2.5 points	0.0%	2.5%
Capital Goods	USIG +2.4 points	3.4%	5.8%
Consumer Discretionary	USIG +1.0 points	6.9%	7.9%
Health Care	IGEB +1.0 points	10.3%	9.3%
Reits	USIG +0.8 points	1.7%	2.5%
Brokerage/Asset Managers/Exchanges	USIG +0.6 points	1.2%	1.8%
Finance Companies	IGEB +0.6 points	2.1%	1.5%
Basic Industry	USIG +0.6 points	2.5%	3.1%
Natural Gas	IGEB +0.5 points	1.4%	0.9%
Transportation	IGEB +0.4 points	2.5%	2.1%
Consumer Non-Cyclical	USIG +0.3 points	5.4%	5.7%
Insurance	IGEB +0.2 points	7.3%	7.1%
Communications	USIG +0.1 points	7.4%	7.5%
Sovereign	USIG +0.1 points	0.0%	0.1%
Local Government No Guarantee	Same weight	0.0%	0.0%
Government Sponsored	Same weight	0.0%	0.0%
Real Estate	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in IGEB and USIG, widest gap first
Country	More in IGEBMore in USIG	IGEB	USIG
United States	IGEB +12.1 points	91.6%	79.5%
Japan	USIG +2.3 points	0.0%	2.3%
France	USIG +1.7 points	0.0%	1.7%
Cayman Islands	USIG +1.2 points	0.0%	1.2%
Netherlands	USIG +1.0 points	0.2%	1.2%
Australia	USIG +0.6 points	0.5%	1.1%
Spain	USIG +0.5 points	0.0%	0.5%
Switzerland	USIG +0.5 points	0.0%	0.5%
Other countries (30)	USIG +4.3 points	7.7%	12.0%

Concentration

Weight in the 10 largest Holdings

IGEB5.4%
USIG0.9%

Securities held

IGEB432
USIG11,584

Asset class

IGEB: Fixed Income
USIG: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. IGEB holds 432 securities, USIG 11,584.

All 445 IGEB holdings⁠All 11,630 USIG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IGEB vs USIG Cost

Overpaying IGEB vs USIG

$2,900

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IGEB 0.18%
$3,749
USIG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

IGEB 0.18%
USIG 0.04%
Overpaying

Year by year

Year	IGEB	USIG	Overpaying
10	$328	$73	$255
20	$1,281	$288	$993
30	$3,749	$849	$2,900

Expense ratio

0.18%IGEB
0.04%USIG, cheaper

USIG0.04%IGEB0.18%

0.03%0.53%

Middle half of Investment Grade Corporate funds
Median 0.25%

USIG 3rd cheapest of 49 funds

IGEB 14th cheapest of 49 funds

IGEB vs USIG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IGEB 5.75%, better; USIG 5.37%
Payout (12M): IGEB $2.49; USIG $2.65
Last payment: IGEB $0.19; USIG $0.21
Ex-dividend: IGEB Nov 2, 2026; USIG Nov 2, 2026
Paid on: IGEB Pays Nov 5, 2026; USIG Pays Nov 5, 2026
Frequency: IGEB Monthly; USIG Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IGEBMonthly · 46 paymentsAll IGEB payments⁠

USIGMonthly · 46 paymentsAll USIG payments⁠

IGEB vs USIG Risk

Fall from peak · 5 years

IGEB
USIG

Risk facts

VolatilityStd dev, 3 years: IGEB 6.2%USIG 6.1%, better
Return per unit of riskSharpe ratio, 3 years: IGEB 0.38, betterUSIG 0.34
Worst fallMax drawdown, 5 years: IGEB −20.8%, betterUSIG −21.1%
Market sensitivityBeta, 5 years: IGEB 1.05USIG 1.04; Market = 1

IGEB and USIG in the news

All news⁠

Best ETFs
Best bond ETFs for a portfolio hold the whole investment-grade market
Updated Nov 2, 2026USIG
Best ETFs
Best bond ETFs: LQD, HYG and TLT cost more than the funds beside them
Updated Oct 2, 2026USIG

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IGEB vs USIG

In short

Stated mandate

Why people hold it

Worth knowing

How IGEB and USIG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best bond ETFs for a portfolio hold the whole investment-grade market

Best bond ETFs: LQD, HYG and TLT cost more than the funds beside them

How IGEB and USIG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings