GIGB vs. IGHG
GIGB (Goldman Sachs Access Investment Grade Corporate Bond ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds - GIGB tracks the FTSE Goldman Sachs Investment Grade Corporate Bond Index while IGHG tracks the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. Over the past 5 years, GIGB returned 0.48%/yr vs 5.27%/yr for IGHG. At a 0.10 correlation, their price movements are largely independent. GIGB charges 0.14%/yr vs 0.30%/yr for IGHG.
Performance
GIGB vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, GIGB achieves a 0.82% return, which is significantly lower than IGHG's 2.32% return.
GIGB
- 1D
- 0.14%
- 1M
- 0.46%
- YTD
- 0.82%
- 6M
- 0.72%
- 1Y
- 5.53%
- 3Y*
- 5.20%
- 5Y*
- 0.48%
- 10Y*
- —
IGHG
- 1D
- 0.15%
- 1M
- 0.76%
- YTD
- 2.32%
- 6M
- 2.33%
- 1Y
- 6.08%
- 3Y*
- 8.68%
- 5Y*
- 5.27%
- 10Y*
- 4.79%
GIGB vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 0.82% | 7.58% | 1.68% | 8.80% | -15.80% | -1.64% | 9.86% | 15.05% | -2.76% | 2.45% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.32% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 3.60% |
Correlation
The correlation between GIGB and IGHG is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2017 | 0.10 |
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Return for Risk
GIGB vs. IGHG — Risk / Return Rank
GIGB
IGHG
GIGB vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) 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.
| GIGB | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.49 | -1.55 |
| Martin ratioReturn relative to average drawdown | 6.11 | 12.35 | -6.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GIGB | IGHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.77 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 1.05 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.54 | -0.21 |
Drawdowns
GIGB vs. IGHG - Drawdown Comparison
The maximum GIGB drawdown since its inception was -22.25%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for GIGB and IGHG.
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Drawdown Indicators
| GIGB | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -25.16% | +2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -1.75% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | -3.74% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -22.25% | -8.75% | -13.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.16% | — |
Current DrawdownCurrent decline from peak | -0.81% | 0.00% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -2.30% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.49% | +0.42% |
Volatility
GIGB vs. IGHG - Volatility Comparison
Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) has a higher volatility of 1.33% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 0.62%. This indicates that GIGB'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.
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Volatility by Period
| GIGB | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 0.62% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 2.53% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 3.44% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 5.02% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.67% | 7.46% | +0.21% |
GIGB vs. IGHG - Expense Ratio Comparison
GIGB has a 0.14% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
GIGB vs. IGHG - Dividend Comparison
GIGB's dividend yield for the trailing twelve months is around 4.61%, less than IGHG's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.61% | 4.69% | 4.45% | 3.67% | 3.12% | 2.25% | 2.62% | 3.22% | 3.31% | 1.55% | 0.00% | 0.00% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.11% | 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
GIGB and IGHG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIGB has higher volatility (1.33%) compared to IGHG (0.62%). In terms of maximum drawdown, GIGB dropped -22.25% vs IGHG's -25.16%.
On 5-year performance, IGHG leads with 5.27% vs 0.48% for GIGB. On fees, GIGB is cheaper at 0.14% per year. On volatility, IGHG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGHG has performed better with a 5.27% return vs 0.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GIGB is cheaper with a 0.14% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 5.11%, compared with 4.61% for GIGB.
GIGB tracks FTSE Goldman Sachs Investment Grade Corporate Bond Index, while IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. They also come from different issuers: Goldman Sachs and ProShares. Their fees differ too: 0.14% for GIGB and 0.30% for IGHG.
IGHG currently has the higher Sharpe Ratio (1.77 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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