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 |
| Leveraged | 1x |
| Index Tracked | Citi Corporate Investment Grade (Treasury Rate-Hedged) Index |
| Home Page | www.proshares.com |
| Asset Class | Bond |
Expense Ratio
IGHG features an expense ratio of 0.30%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: IGHG vs. LQDH, IGHG vs. IGBH, IGHG vs. OPER, IGHG vs. HYHG, IGHG vs. HYXU, IGHG vs. AGG, IGHG vs. ARKW, IGHG vs. FNGU, IGHG vs. FLOT, IGHG vs. CCRV
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 8.48% year-to-date (YTD) and 10.87% in the last 12 months. Over the past 10 years, ProShares Investment Grade-Interest Rate Hedged had an annualized return of 3.75%, while the S&P 500 had an annualized return of 11.39%, indicating that ProShares Investment Grade-Interest Rate Hedged did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.48% | 25.45% |
| 1 month | 1.08% | 2.91% |
| 6 months | 4.86% | 14.05% |
| 1 year | 10.87% | 35.64% |
| 5 years (annualized) | 4.64% | 14.13% |
| 10 years (annualized) | 3.75% | 11.39% |
Monthly Returns
The table below presents the monthly returns of IGHG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.05% | 0.20% | 1.10% | 0.84% | 0.99% | -0.77% | 0.48% | 0.92% | 0.87% | 0.84% | 8.48% | ||
| 2023 | 2.55% | -0.58% | -0.13% | 0.03% | 0.34% | 2.27% | 1.59% | 0.65% | 0.77% | 0.32% | 3.25% | 0.04% | 11.58% |
| 2022 | -1.51% | -1.45% | 0.51% | -2.13% | 2.01% | -3.40% | 1.21% | -0.06% | -1.56% | 2.41% | 2.87% | 0.39% | -0.90% |
| 2021 | -0.29% | 1.16% | 1.55% | -1.28% | 0.72% | 0.47% | -1.08% | 0.16% | 0.34% | -0.30% | -1.29% | 0.77% | 0.87% |
| 2020 | -1.35% | -2.85% | -11.67% | 4.20% | 3.53% | 1.33% | 2.45% | -0.23% | -0.18% | 1.93% | 3.37% | 1.13% | 0.61% |
| 2019 | 3.51% | 0.96% | 0.34% | 1.71% | -2.23% | 2.97% | 0.63% | -1.11% | 0.54% | 1.12% | 1.49% | 2.26% | 12.73% |
| 2018 | 2.10% | -1.58% | -0.99% | 0.02% | -0.89% | -1.29% | 2.42% | -0.73% | 1.83% | -1.26% | -2.13% | -1.41% | -3.96% |
| 2017 | -0.24% | 0.54% | -0.36% | 0.21% | 0.65% | 0.94% | 0.52% | -1.13% | 2.12% | 0.82% | -0.19% | 0.56% | 4.49% |
| 2016 | -3.38% | -0.91% | 4.14% | 2.44% | -0.39% | -1.45% | 1.30% | 1.76% | 0.52% | 0.76% | 1.33% | 1.71% | 7.90% |
| 2015 | -1.24% | 2.22% | -0.50% | 0.40% | -0.34% | -0.16% | -1.60% | -1.43% | -0.21% | 1.18% | 0.82% | -1.05% | -1.95% |
| 2014 | -1.25% | 1.66% | 0.43% | 0.57% | -0.33% | 0.77% | -0.60% | 0.16% | -0.59% | -1.18% | -1.05% | -0.79% | -2.22% |
| 2013 | 0.89% | 1.78% | 2.68% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of IGHG is 79, placing it in the top 21% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 provided a 5.06% dividend yield over the last twelve months, with an annual payout of $3.96 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.96 | $3.76 | $2.52 | $1.86 | $2.10 | $2.69 | $2.94 | $2.59 | $2.57 | $2.67 | $2.77 | $0.45 |
Dividend yield | 5.06% | 4.99% | 3.55% | 2.50% | 2.78% | 3.48% | 4.13% | 3.36% | 3.37% | 3.64% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.29 | $0.34 | $0.33 | $0.34 | $0.34 | $0.34 | $0.34 | $0.33 | $0.32 | $0.33 | $3.29 | |
| 2023 | $0.00 | $0.29 | $0.29 | $0.29 | $0.30 | $0.32 | $0.31 | $0.31 | $0.34 | $0.33 | $0.34 | $0.67 | $3.76 |
| 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 | $2.52 |
| 2021 | $0.00 | $0.14 | $0.16 | $0.15 | $0.17 | $0.16 | $0.16 | $0.15 | $0.15 | $0.15 | $0.15 | $0.33 | $1.86 |
| 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 | $2.10 |
| 2019 | $0.00 | $0.21 | $0.22 | $0.25 | $0.24 | $0.24 | $0.23 | $0.22 | $0.22 | $0.21 | $0.21 | $0.44 | $2.69 |
| 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 | $2.94 |
| 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 | $2.59 |
| 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 | $2.57 |
| 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 | $2.67 |
| 2014 | $0.00 | $0.28 | $0.23 | $0.20 | $0.23 | $0.24 | $0.22 | $0.23 | $0.23 | $0.23 | $0.24 | $0.45 | $2.77 |
| 2013 | $0.45 | $0.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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.
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 |
| -2.63% | Jul 23, 2024 | 10 | Aug 5, 2024 | 14 | Aug 23, 2024 | 24 |
Volatility
Volatility Chart
The current ProShares Investment Grade-Interest Rate Hedged volatility is 1.88%, 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.