Data as of Nov 12, 2026.
GVI vs IBDW: Differences, Returns & Fees
Return, fees and overlap, side by side.
Risk and return
Jul 2, 2021 to Nov 6, 2026 · 279 weekly returns · each against IUSBFrom Jul 2021 to Nov 2026, GVI returned more: +5.2% to +1.3%. GVI swung less: 3.7% to 6.9%. GVI fell less at its worst: −11.8% to −23.3%.
Full scorecard
19 measures Open ↓
| Measure | GVI | IBDW | IUSB | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +5.2% | +1.3% | GVI | Price change plus distributions, reinvested. | |
| Annualized | +1.0% | +0.2% | GVI | Total return as a yearly rate. | |
| Price return | −9.7% | −19.5% | GVI | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 3.7% | 6.9% | GVI | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 2.8% | 5.1% | GVI | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −11.8% | −23.3% | GVI | Deepest fall from a high to the low after it. | |
| Upside capture | 64.2% | 120.6% | 100.0% | IBDW | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 65.7% | 114.3% | 100.0% | GVI | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.65 | 1.21 | 1.00 | GVI lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.93 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | −0.73 | −0.47 | IBDW | Return above Treasury bills per unit of volatility. | |
| Sortino | −0.97 | −0.63 | IBDW | Return above Treasury bills per unit of downside deviation. | |
| Treynor | −0.042 | −0.027 | −0.033 | IBDW | Return above Treasury bills per unit of beta. |
| Calmar | 0.08 | 0.01 | GVI | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IUSB | IUSB | IUSB | The ETF each fund is measured against. | |
| Alpha | −0.5% a year | +0.8% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.17 | 1.07 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −1.4% to +0.4% | −0.7% to +2.3% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.30 | 0.06 | GVI | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.2% | 2.1% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 279 weekly returns. Cash rate: the 13-week Treasury bill.
Pair scorecard
IBDW costs 0.10 points a year less; their one-year returns differ by 0.3 points; GVI is 1.4 times larger.
| Measure | GVI | IBDW |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.2% | −0.5% |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Intermediate Government/Credit Bond Index | Bloomberg December 2031 Maturity Corporate Index |
| Cost and size | ||
| Expense ratio | 0.20% | 0.10% |
| Net assets | $3.8bn | $2.7bn |
| Holdings | ||
| Holdings in common | 3% | |
What they share
By the books each fund has filed, GVI and IBDW hold 3% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
3% in common
Only in one fund ↓
Side by side
GVI and IBDW on the fields both publish, as of Nov 12, 2026. Source: ETFIQ.
Client brief:
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GVI
GVI tracks an index. Over the year to Nov 12, 2026 it returned −0.2% with distributions reinvested, against −1.0% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.20% a year.
IBDW
IBDW tracks an index. Over the year to Nov 12, 2026 it returned −0.5% with distributions reinvested, against −1.0% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.10% a year.
Questions people ask
- Which returned more over the last year, GVI or IBDW?
- In the year to Nov 12, 2026, with distributions reinvested, GVI returned −0.2% and IBDW −0.5%.
- Which is cheaper, GVI or IBDW?
- IBDW is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, GVI against IBDW, data as of Nov 12, 2026. https://etfiq.com/compare/any/gvi-vs-ibdw
ETFIQ. (Nov 12, 2026). GVI against IBDW. Retrieved from https://etfiq.com/compare/any/gvi-vs-ibdw
[GVI against IBDW (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/any/gvi-vs-ibdw)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.
Net assets on Nov 12, 2026: $3.8bn for iShares Intermediate Government/Credit Bond ETF and $2.7bn for iShares iBonds Dec 2031 Term Corporate ETF.
GVI and IBDW
Total return, distributions reinvested, 1 year.
GVI −0.2%, IBDW −0.5%: GVI +0.3 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.