We use two-color QCD as a model to study the effects of the simultaneous pr
esence of chemical potentials for isospin charge mu (I) and for baryon numb
er mu (B). We determine the phase diagrams for two and four flavor theories
using the method of effective chiral Lagrangians at low densities and weak
-coupling perturbation theory at high densities. We determine the values of
various condensates and densities as well as the spectrum of excitations a
s functions of mu (I) and mu (B). A Similar analysis of QCD with quarks in
the adjoint representation is also presented. Our results can be of relevan
ce for lattice simulations of these theories. We predict a phase of inhomog
eneous condensation (Fulde-Ferrel-Larkin-Ovchinnikov phase) in the two colo
r, two flavor theory, while we do not expect it in the four flavor case or
in other realizations of QCD with a positive measure.