ProShares Investment Grade-Interest Rate Hedged (IGHG)

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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.

ProShares Investment Grade-Interest Rate Hedged (IGHG) has returned -0.14% so far this year and 6.35% over the past 12 months. Over the last ten years, IGHG has returned 4.67% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 7, 2013, IGHG's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, your investment would double in approximately 18.7 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +4.2%, while the worst month was Mar 2020 at -11.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 7 months.

On a daily basis, IGHG closed higher 51% of trading days. The best single day was Mar 23, 2020 with a return of +5.6%, while the worst single day was Mar 19, 2020 at -8.8%.

ProShares Investment Grade-Interest Rate Hedged has an annualized alpha of 1.56%, beta of 0.19, and R² of 0.21 versus S&P 500 Index. Calculated based on daily prices since November 08, 2013.

• This ETF participated in 26.22% of S&P 500 Index downside but only 23.35% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.19 may look defensive, but with R² of 0.21 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.21 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

IGHG has an expense ratio of 0.30%, placing it in the medium range.

IGHG ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and compare them to a chosen benchmark (S&P 500 Index).

ProShares Investment Grade-Interest Rate Hedged provided a 5.18% dividend yield over the last twelve months, with an annual payout of $4.02 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

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.

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 1.00%.

The chart below shows the rolling one-month volatility.