- ISIN
- US74347B6074
- CUSIP
- 74347B607
- Issuer
- ProShares
- Inception Date
- Nov 5, 2013
- Region
- Developed Markets (Broad)
- Category
- Corporate Bonds, Investment Grade Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Citi Corporate Investment Grade (Treasury Rate-Hedged) Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $330M
Highlights
- Avg. Volume (1M)
- 15K
- Avg. Volume Value (1M)
- $1.15M
Share Price Chart
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Performance
IGHG Performance Chart
ProShares Investment Grade-Interest Rate Hedged (IGHG) is up 2.2% since the beginning of the year. IGHG is currently trading at $78 per share. Investors who bought $1,000 worth of IGHG shares 5 years ago would now be looking at an investment worth $1,300.
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Compare this symbol against anything
Returns By Period
ProShares Investment Grade-Interest Rate Hedged (IGHG) has returned 2.20% so far this year and 4.84% over the past 12 months. Over the last ten years, IGHG has returned 4.76% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
ProShares Investment Grade-Interest Rate Hedged
- 1D
- 0.17%
- 1M
- -0.05%
- 6M
- 1.60%
- YTD
- 2.20%
- 1Y
- 4.84%
- 3Y*
- 7.47%
- 5Y*
- 5.38%
- 10Y*
- 4.76%
- ALL TIME*
- 3.71%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
IGHG Monthly Returns History
Based on dividend-adjusted daily data since Nov 7, 2013, IGHG's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 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 52% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | -1.18% | 0.46% | 1.38% | 1.04% | -0.25% | 0.16% | 2.20% | |||||
| 2025 | 0.40% | -0.61% | -0.58% | -0.54% | 2.79% | 1.01% | 0.73% | 0.55% | 0.88% | -0.14% | 0.44% | 0.63% | 5.65% |
| 2024 | 1.05% | 0.20% | 1.10% | 0.84% | 0.99% | -0.77% | 0.48% | 0.92% | 0.86% | 0.84% | 0.93% | 1.42% | 9.20% |
| 2023 | 2.55% | -0.58% | -0.13% | 0.03% | 0.34% | 2.27% | 1.58% | 0.65% | 0.77% | 0.32% | 3.25% | 0.04% | 11.58% |
| 2022 | -1.51% | -1.45% | 0.51% | -2.13% | 2.02% | -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% | 0.15% | 0.34% | -0.30% | -1.29% | 0.77% | 0.88% |
Benchmark Metrics
ProShares Investment Grade-Interest Rate Hedged has an annualized alpha of 1.55%, beta of 0.18, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since November 07, 2013.
- This ETF participated in 25.97% of S&P 500 Index downside but only 22.91% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.18 may look defensive, but with R2 of 0.20 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 0.20 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.
- Alpha
- 1.55%
- Beta
- 0.18
- R²
- 0.20
- Upside Capture
- 22.91%
- Downside Capture
- 25.97%
Expense Ratio
IGHG has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IGHG ranks 65 for risk / return — above 65% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGHG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.00 | +0.66 |
| Martin ratioReturn relative to average drawdown | 9.17 | 8.49 | +0.68 |
Dividends
Dividend History
ProShares Investment Grade-Interest Rate Hedged provided a 4.67% dividend yield over the last twelve months, with an annual payout of $3.65 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.65 | $4.03 | $3.95 | $3.76 | $2.52 | $1.86 | $2.10 | $2.69 | $2.93 | $2.59 | $2.57 | $2.67 |
Dividend yield | 4.67% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.32 | $0.33 | $0.34 | $0.34 | $0.33 | $0.33 | $2.00 | |||||
| 2025 | $0.00 | $0.32 | $0.34 | $0.34 | $0.36 | $0.33 | $0.34 | $0.35 | $0.34 | $0.33 | $0.32 | $0.65 | $4.03 |
| 2024 | $0.00 | $0.29 | $0.34 | $0.33 | $0.34 | $0.34 | $0.34 | $0.34 | $0.33 | $0.32 | $0.33 | $0.66 | $3.95 |
| 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 | $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 | $0.16 | $0.16 | $0.16 | $0.15 | $0.15 | $0.15 | $0.15 | $0.33 | $1.86 |
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.
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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 0.17%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-25.16%Mar 2020 | 1mo 27d | 8mo 16d | 10mo 13dJan 2020 - Dec 2020 | COVID crash2020 |
-11.69%Feb 2016 | 1y 8mo | 9mo 24d | 2y 5moJun 2014 - Dec 2016 | — |
-8.75%Oct 2022 | 1y 12d | 7mo 28d | 1y 8moSep 2021 - Jun 2023 | Bear market2022 |
-7.16%Jan 2019 | 11mo 5d | 3mo 9d | 1y 2moFeb 2018 - Apr 2019 | — |
-3.74%Apr 2025 | 2mo 10d | 1mo 8d | 3mo 18dJan 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| IGHG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -56.78% | +31.62% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -9.10% | +7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -3.74% | -18.90% | +15.16% |
Max Drawdown (5Y)Largest decline over 5 years | -8.75% | -25.43% | +16.68% |
Max Drawdown (10Y)Largest decline over 10 years | -25.16% | -33.92% | +8.76% |
Current DrawdownCurrent decline from peak | -0.17% | -1.58% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -10.70% | +8.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 2.14% | -1.63% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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