ProShares Investment Grade-Interest Rate Hedged (IGHG)
IGHG is a passive ETF by ProShares tracking the investment results of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. IGHG launched on Nov 5, 2013 and has a 0.30% expense ratio.
ETF Info
| ISIN | US74347B6074 |
|---|---|
| CUSIP | 74347B607 |
| Issuer | ProShares |
| Inception Date | Nov 5, 2013 |
| Region | Developed Markets (Broad) |
| Category | Corporate Bonds |
| Index Tracked | Citi Corporate Investment Grade (Treasury Rate-Hedged) Index |
| Home Page | www.proshares.com |
| Asset Class | Bond |
Expense Ratio
The ProShares Investment Grade-Interest Rate Hedged has a high expense ratio of 0.30%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Investment Grade-Interest Rate Hedged, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares Investment Grade-Interest Rate Hedged had a return of 2.78% year-to-date (YTD) and 11.93% in the last 12 months. Over the past 10 years, ProShares Investment Grade-Interest Rate Hedged had an annualized return of 2.90%, while the S&P 500 had an annualized return of 10.43%, indicating that ProShares Investment Grade-Interest Rate Hedged did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.78% | 5.29% |
| 1 month | 0.22% | -2.47% |
| 6 months | 6.35% | 16.40% |
| 1 year | 11.93% | 20.88% |
| 5 years (annualized) | 4.10% | 11.60% |
| 10 years (annualized) | 2.90% | 10.43% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.05% | 0.20% | 1.10% | |||||||||
| 2023 | 0.77% | 0.32% | 3.25% | 0.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
ProShares Investment Grade-Interest Rate Hedged(IGHG)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares Investment Grade-Interest Rate Hedged granted a 5.04% dividend yield in the last twelve months. The annual payout for that period amounted to $3.86 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.86 | $3.76 | $2.52 | $1.86 | $2.10 | $2.69 | $2.93 | $2.59 | $2.57 | $2.67 | $2.77 | $0.45 |
Dividend yield | 5.04% | 5.00% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% | 3.59% | 0.55% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Investment Grade-Interest Rate Hedged. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.29 | $0.34 | |||||||||
| 2023 | $0.00 | $0.29 | $0.29 | $0.29 | $0.30 | $0.32 | $0.31 | $0.31 | $0.34 | $0.32 | $0.34 | $0.67 |
| 2022 | $0.00 | $0.14 | $0.19 | $0.19 | $0.19 | $0.19 | $0.21 | $0.20 | $0.20 | $0.23 | $0.24 | $0.55 |
| 2021 | $0.00 | $0.14 | $0.16 | $0.15 | $0.16 | $0.16 | $0.16 | $0.15 | $0.15 | $0.15 | $0.15 | $0.33 |
| 2020 | $0.00 | $0.20 | $0.20 | $0.22 | $0.18 | $0.18 | $0.18 | $0.18 | $0.17 | $0.18 | $0.11 | $0.31 |
| 2019 | $0.00 | $0.21 | $0.22 | $0.25 | $0.24 | $0.24 | $0.22 | $0.22 | $0.22 | $0.21 | $0.21 | $0.44 |
| 2018 | $0.00 | $0.20 | $0.22 | $0.23 | $0.24 | $0.23 | $0.25 | $0.23 | $0.26 | $0.24 | $0.26 | $0.58 |
| 2017 | $0.00 | $0.21 | $0.19 | $0.24 | $0.21 | $0.22 | $0.21 | $0.22 | $0.22 | $0.22 | $0.22 | $0.44 |
| 2016 | $0.00 | $0.24 | $0.21 | $0.23 | $0.23 | $0.23 | $0.22 | $0.21 | $0.21 | $0.20 | $0.21 | $0.39 |
| 2015 | $0.00 | $0.23 | $0.22 | $0.20 | $0.20 | $0.23 | $0.23 | $0.23 | $0.25 | $0.24 | $0.25 | $0.40 |
| 2014 | $0.00 | $0.27 | $0.23 | $0.20 | $0.23 | $0.24 | $0.22 | $0.23 | $0.23 | $0.23 | $0.24 | $0.45 |
| 2013 | $0.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Investment Grade-Interest Rate Hedged. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Investment Grade-Interest Rate Hedged was 25.16%, occurring on Mar 20, 2020. Recovery took 177 trading sessions.
The current ProShares Investment Grade-Interest Rate Hedged drawdown is 0.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.16% | Jan 23, 2020 | 41 | Mar 20, 2020 | 177 | Dec 1, 2020 | 218 |
| -11.69% | Jun 20, 2014 | 418 | Feb 17, 2016 | 205 | Dec 7, 2016 | 623 |
| -8.75% | Sep 30, 2021 | 261 | Oct 12, 2022 | 163 | Jun 7, 2023 | 424 |
| -7.15% | Feb 2, 2018 | 231 | Jan 3, 2019 | 69 | Apr 12, 2019 | 300 |
| -2.62% | Jul 29, 2019 | 14 | Aug 15, 2019 | 49 | Oct 24, 2019 | 63 |
Volatility
Volatility Chart
The current ProShares Investment Grade-Interest Rate Hedged volatility is 0.86%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.