Fixed Income: U.S. - Corporate Investment Grade Short-Term

FAD Top Performer Intra-day
Price $74.80
Today’s Change 0.01%
3:50pm 07/19/2018
IUSG Bottom Performer Intra-day
Price $59.46
Today’s Change -0.50%
4:00pm 07/19/2018

ETF.com Insight

With 13 ETFs and over $41.21B in combined AUM, the Fixed Income: U.S. - Corporate Investment Grade Short-Term segment provides exposure to the U.S. space with a focus on Investment Grade securities.

Year-to-date, the best-performing ETF in the segment is the Invesco BulletShares 2019 Corporate Bond ETF (BSCJ), with a total return of 0.57%. Meanwhile, the most popular ETF is the Vanguard Short-Term Corporate Bond ETF (VCSH) with $21.10BB in assets under management.

Investors should take a look at the Vanguard Short-Term Corporate Bond ETF (VCSH). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. The Vanguard Short-Term Corporate Bond ETF tracks a market-weighted index of investment-grade, fixed-rate corporate bonds with maturities between 1 and 5 years. VCSH has an expense ratio of 0.07% and tracks the Bloomberg Barclays U.S. 1-5 Year Corporate Bond Index.

Performance Dispersion

ETF.com Efficiency Insight

The average efficiency score in the Fixed Income: U.S. - Corporate Investment Grade Short-Term segment is 94 out of 100, with the iShares 1-3 Year Credit Bond ETF(CSJ) obtaining the highest rating of 97 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.11% per year, with the iShares 1-3 Year Credit Bond ETF (CSJ) having the lowest expense ratio, charging investors 0.06% yearly.

Investors should look for funds with tight tracking, such as the iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD), with a 12-month median tracking difference of -0.09%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Fixed Income: U.S. - Corporate Investment Grade Short-Term segment is 79 out of 100, with the iShares 0-5 Year Investment Grade Corporate Bond ETF(SLQD) obtaining the highest rating of 97 out of 100.

The Vanguard Short-Term Corporate Bond ETF (VCSH) is the undisputed segment leader when it comes to liquidity. The fund trades 107.41M in daily average volume. Investors should also find ample liquidity in the iShares 1-3 Year Credit Bond ETF (CSJ), with $56.46M in daily dollar volume.

Use limit orders to trade funds such as the WisdomTree Fundamental U.S. Short-Term Corporate Bond(SFIG), due to their double-digit market spreads.

ETF.com/ Block Liquidity

SLQD
5
4
3
2
1
IBDK
5
4
3
2
1
IBDL
5
4
3
2
1
VCSH
5
4
3
2
1
SPSB
5
4
3
2
1
BSCJ
5
4
3
2
1
BSCK
5
4
3
2
1
CSJ
5
4
3
2
1
IBDC
5
4
3
2
1
LDRI
5
4
3
2
1
IBCD
5
4
3
2
1
SFIG
5
4
3
2
1
SUSB
5
4
3
2
1
This measurement shows how easy it is to trade 25,000 shares of each ETF.

ETF.com Fit Insight

The Bloomberg Barclays U.S. Corporate 1-3 Year Index has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.

Investors trying to match a broad market exposure should pay attention to SPSB. This fund obtains a high Fit score and investors should capture market-like returns.

Other funds diverge from the market, by nature of their investment mandates; for example, BSCJ follows a Bullet Maturity strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology