IGCB vs SPY
IGCB vs SPY
TCW Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | IGCB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.09% | |
| AUM | - | $789.1B | |
| Dividend Yield | 4.73% | 1.01% | |
| Holdings | 391 | 505 | |
| YTD Return | -0.75% | +13.28% | |
| 1Y Return | +1.46% | +23.94% | |
| 3Y Return (annualized) | - | +21.07% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 4.0% | 15.3% | |
| Max Drawdown | -4.2% | -56.5% | |
| Fund Family | TCW ETFs | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 29, 2018 | Jan 22, 1993 |
IGCB vs SPY Performance
TCW Corporate Bond ETF (IGCB) is a ETF from TCW ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year IGCB returned +1.46% while SPY returned +23.94%. Year to date, IGCB is down 0.75% versus a gain of 13.28% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.0% for IGCB. 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 -4.2% for IGCB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IGCB charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, IGCB currently yields 4.73% against 1.01% for SPY.
Holdings Overlap
IGCB and SPY share 1 holdings out of 820 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IGCB | Weight in SPY | Difference |
|---|---|---|---|
| CNP | 0.22% | 0.04% | 0.18% |
Frequently Asked Questions
Which is cheaper, IGCB or SPY?
IGCB has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, IGCB or SPY?
Over the past year IGCB returned +1.46% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), IGCB annualized +4.08% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, IGCB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.0% for IGCB. Worst drawdown: IGCB -4.2% vs SPY -56.5%.
Should I hold both IGCB and SPY?
IGCB and SPY have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IGCB and SPY?
IGCB and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 820 unique securities.
Which pays a higher dividend, IGCB or SPY?
IGCB yields 4.73% while SPY yields 1.01%, so IGCB currently pays the higher dividend yield.
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