1308.HK vs. IGHG

Last updated Jul 21, 2026

1308.HK (SITC International Holdings Co Ltd) is a stock, while IGHG (ProShares Investment Grade-Interest Rate Hedged) is Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Over the past 10 years, 1308.HK returned 34.72%/yr vs 4.78%/yr for IGHG. At a 0.06 correlation, their price movements are largely independent.

Performance

1308.HK vs. IGHG - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in SITC International Holdings Co Ltd (1308.HK) and ProShares Investment Grade-Interest Rate Hedged (IGHG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

1308.HK is traded in HKD, while IGHG is traded in USD. To make them comparable, the IGHG values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 1308.HK achieves a 36.93% return, which is significantly higher than IGHG's 2.76% return. Over the past 10 years, 1308.HK has outperformed IGHG with an annualized return of 34.72%, while IGHG has yielded a comparatively lower 4.78% annualized return.

1308.HK

• 1D: 0.50%
• 1M: 12.34%
• 6M: 41.88%
• YTD: 36.93%
• 1Y: 63.67%
• 3Y*: 45.11%
• 5Y*: 16.81%
• 10Y*: 34.72%
• ALL TIME*: 22.81%

IGHG

• 1D: 0.07%
• 1M: 0.05%
• 6M: 2.15%
• YTD: 2.76%
• 1Y: 4.37%
• 3Y*: 7.74%
• 5Y*: 5.47%
• 10Y*: 4.78%
• ALL TIME*: 3.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

1308.HK vs. IGHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
1308.HK SITC International Holdings Co Ltd	36.93%	50.42%	67.42%	-10.78%	-27.33%	80.79%	94.05%	36.05%	1.67%	70.60%
IGHG ProShares Investment Grade-Interest Rate Hedged	2.76%	5.85%	8.64%	11.57%	-0.73%	1.42%	0.16%	12.14%	-3.75%	5.29%

Correlation

The correlation between 1308.HK and IGHG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013	0.06

Return for Risk

1308.HK vs. IGHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

1308.HK

1308.HK Risk / Return Rank: 90
1308.HK Sharpe Ratio Rank: 92
1308.HK Sortino Ratio Rank: 90
1308.HK Omega Ratio Rank: 87
1308.HK Calmar Ratio Rank: 92
1308.HK Martin Ratio Rank: 89

IGHG

IGHG Risk / Return Rank: 59
IGHG Sharpe Ratio Rank: 52
IGHG Sortino Ratio Rank: 54
IGHG Omega Ratio Rank: 51
IGHG Calmar Ratio Rank: 69
IGHG Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

1308.HK vs. IGHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SITC International Holdings Co Ltd (1308.HK) and ProShares Investment Grade-Interest Rate Hedged (IGHG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	1308.HK	IGHG	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.29	+0.72
Sortino ratio: Return per unit of downside risk	2.76	1.90	+0.86
Omega ratio: Gain probability vs. loss probability	1.32	1.24	+0.08
Calmar ratio: Return relative to maximum drawdown	4.02	2.87	+1.15
Martin ratio: Return relative to average drawdown	9.00	9.47	-0.48

1308.HK vs. IGHG - Sharpe Ratio Comparison

The current 1308.HK Sharpe Ratio is 2.01, which is higher than the IGHG Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of 1308.HK and IGHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

1308.HK vs. IGHG - Drawdown Comparison

The maximum 1308.HK drawdown since its inception was -71.52%, which is greater than IGHG's maximum drawdown of -25.44%. Use the drawdown chart below to compare losses from any high point for 1308.HK and IGHG.

Drawdown Indicators

	1308.HK	IGHG	Difference
Max Drawdown Largest peak-to-trough decline	-71.52%	-25.44%	-46.08%
Max Drawdown (1Y) Largest decline over 1 year	-16.33%	-1.53%	-14.80%
Max Drawdown (3Y) Largest decline over 3 years	-32.91%	-3.96%	-28.95%
Max Drawdown (5Y) Largest decline over 5 years	-57.13%	-7.99%	-49.14%
Max Drawdown (10Y) Largest decline over 10 years	-57.13%	-25.44%	-31.69%
Current Drawdown Current decline from peak	0.00%	-0.39%	+0.39%
Average Drawdown Average peak-to-trough decline	-23.05%	-2.22%	-20.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.21%	0.46%	+6.75%

Volatility

1308.HK vs. IGHG - Volatility Comparison

SITC International Holdings Co Ltd (1308.HK) has a higher volatility of 11.25% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 0.56%. This indicates that 1308.HK's price experiences larger fluctuations and is considered to be riskier than IGHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	1308.HK	IGHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.25%	0.56%	+10.69%
Volatility (6M) Calculated over the trailing 6-month period	23.68%	2.17%	+21.51%
Volatility (1Y) Calculated over the trailing 1-year period	32.75%	3.42%	+29.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.94%	5.03%	+40.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.42%	7.33%	+34.09%

Dividends

1308.HK vs. IGHG - Dividend Comparison

1308.HK's dividend yield for the trailing twelve months is around 8.32%, more than IGHG's 5.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
1308.HK SITC International Holdings Co Ltd	8.32%	9.69%	7.83%	16.32%	21.89%	8.51%	4.69%	4.63%	6.10%	3.37%	5.51%	5.35%
IGHG ProShares Investment Grade-Interest Rate Hedged	5.13%	5.14%	5.06%	4.99%	3.55%	2.50%	2.79%	3.48%	4.13%	3.36%	3.37%	3.65%

Frequently Asked Questions

Can I hold both 1308.HK and IGHG in my portfolio?

1308.HK and IGHG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.