Which returned more over the last year, IGEB or UCON?

In the year to Oct 9, 2026, with distributions reinvested, IGEB returned −1.7% and UCON −0.7%.

Which is cheaper, IGEB or UCON?

IGEB is cheaper, by 0.68 percentage points a year. That is about $68 on $10,000 held for a year. Fees come from each fund's prospectus.

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IGEB vs UCON: Differences, Returns & Fees

On May 31, 2026 IGEB's duration was 6.3 years and UCON's 4.4; IGEB charges 0.18% to UCON's 0.86%. Net assets on Oct 9, 2026: $1.4bn for iShares Investment Grade Systematic Bond ETF and $3.1bn for First Trust Smith Unconstrained Bond ETF.

IGEB costs 0.68 points a year less; their one-year returns differ by 1.0 point; UCON is 2.2 times larger.

IGEB vs UCON: Differences, Returns & Fees
	IGEB	UCON
Expense ratio	0.18%	0.86%
Net assets	$1.4bn	$3.1bn
Total return, 1 year	−1.7%	−0.7%
What it tracks	BlackRock Investment Grade Systematic Bond Index	No index, actively managed
Holdings in common	2%
Below its high	3.9%, high on Feb 23, 2026	3.2%, high on Jun 29, 2026

Holdings in common uses holdings dated May 31, 2026.

−1.7%

IGEB total return, 1 year

−0.7%

UCON total return, 1 year

0.18%

IGEB expense ratio

0.86%

UCON expense ratio

What they hold in common

By the books each fund has filed, IGEB and UCON hold 2% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026.

50%

half

2% in common

Positions both hold, largest shared weight first

Holding IGEB UCON

Salesforce Inc, due Mar 15, 2036 0.44% 0.27%

Pilgrim's Pride Corp, due Jul 1, 2033 0.21% 0.21%

Boeing Co/The, due May 1, 2034 0.17% 0.48%

Wells Fargo & Co, due Apr 24, 2034 0.17% 0.16%

Duke Energy Progress LLC, due Mar 15, 2035 0.36% 0.13%

Rollins Inc, due Feb 24, 2035 0.10% 0.16%

Viper Energy Partners LLC, due Aug 1, 2030 0.10% 0.22%

Boeing Co/The, due May 1, 2064 0.10% 0.81%

Augusta SpinCo Corp, due Mar 23, 2036 0.09% 0.08%

Leidos Inc, due Mar 15, 2032 0.07% 0.15%

Entergy Corp, due Dec 1, 2054 0.49% 0.07%

Pilgrim's Pride Corp, due Mar 1, 2032 0.32% 0.06%

Only in IGEB

PNC Financial Services Group Inc/The, due May 15, 2027 0.52%

HSBC Holdings PLC, due May 22, 2030 0.51%

Delta Air Lines Inc, due Jul 10, 2030 0.50%

Santander UK Group Holdings PLC, due Sep 22, 2036 0.50%

Goldman Sachs Group Inc/The, due Oct 24, 2034 0.50%

Vistra Operations Co LLC, due Apr 30, 2033 0.49%

MetLife Inc, due Mar 15, 2055 0.49%

BP Capital Markets PLC, due Mar 22, 2030 0.49%

Only in UCON

T 3.375 02/29/28, due Feb 29, 2028 2.33%

T 4.625 11/15/45, due Nov 15, 2045 2.13%

T 4.75 02/15/56, due Feb 15, 2056 2.12%

T 4.375 05/15/36, due May 15, 2036 1.69%

T 3.875 04/30/31, due Apr 30, 2031 1.18%

T 4.625 11/15/55, due Nov 15, 2055 1.04%

FN BM7755, due Jun 1, 2064 0.96%

FNR 2024-82 CF, due Nov 25, 2054 0.73%

Check overlap with more funds →

On the same fields

IGEB

iShares Investment Grade Systematic Bond ETF

UCON

First Trust Smith Unconstrained Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares First Trust

What it is Tracks an index Actively managed

Total return, 1 year −1.7% −0.7%

Expense ratio 0.18% 0.86%

Holdings 445 453

Net assets $1.4bn $3.1bn

IGEB and UCON on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About IGEB

IGEB tracks an index. Over the year to Oct 9, 2026 it returned −1.7% with distributions reinvested. The prospectus expense ratio is 0.18% a year. It sat 3.9% below its high of Feb 23, 2026 on Oct 9, 2026.

About UCON

UCON is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned −0.7% with distributions reinvested. The prospectus expense ratio is 0.86% a year. It sat 3.2% below its high of Jun 29, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, IGEB or UCON?: In the year to Oct 9, 2026, with distributions reinvested, IGEB returned −1.7% and UCON −0.7%.
Which is cheaper, IGEB or UCON?: IGEB is cheaper, by 0.68 percentage points a year. That is about $68 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CGMS vs IGEB IGEB vs SCHI IGEB vs LQD IGEB vs VCIT BSCW vs UCON UCON vs VTC UCON vs VCEB QLTA vs UCON

IGEB on its own →UCON on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

IGEB filings on SEC EDGAR ↗IGEB prospectus with the expense ratio (SEC) ↗iShares page for IGEB ↗UCON filings on SEC EDGAR ↗UCON prospectus with the expense ratio (SEC) ↗First Trust page for UCON ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, IGEB against UCON, data as of Oct 9, 2026. https://etfiq.com/compare/any/igeb-vs-ucon

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.