RJVI vs USIG

RJVICRJ Eagle Vertical Income ETF

USIGAiShares Broad USD Investment Grade Corporate Bond ETF

In short

RJVI Most investment-grade corporate bond funds buy the bond and stop there. RJVI roams the whole capital stack, holding a company's bonds, preferred shares or common stock, wherever the income case looks strongest.

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

RJVI The fund seeks current income, with long-term capital appreciation as a secondary objective. It uses a capital-structure-agnostic approach, primarily investing in investment-grade corporate bonds while opportunistically investing in preferred stock or common stock when they offer greater risk-adjusted income potential.

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

Why people hold it

• RJVI Capital-structure-agnostic by design: mostly investment-grade corporate bonds, with room to move into preferred or common stock when those offer better risk-adjusted income.
• The mandate is specific for an active fund: current income first, long-term appreciation second, and the portfolio lines up closely with what the prospectus describes.
• One decision instead of three: the bond, preferred and common-stock income mix is the manager's call rather than something you assemble from separate funds.

• 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

• RJVI At 0.51%, it costs well above index rivals in the same aisle like VCIT (0.03%) and IGIB (0.04%). The flexibility is what the extra buys.
• It launched in October 2025, so there's a short history and no full credit cycle to judge the approach against.
• This is a young, small fund rather than one of the category's heavily traded giants, which can show up as wider bid/ask spreads.

• 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 RJVI profile⁠

Full USIG profile⁠