GLDB vs. IGHG
Compare and contrast key facts about Strategy Shares Gold-Hedged Bond ETF (GLDB) and ProShares Investment Grade-Interest Rate Hedged (IGHG).
GLDB and IGHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDB is a passively managed fund by Strategy Shares that tracks the performance of the Solactive Gold Backed Bond Index - Benchmark TR Gross. It was launched on May 17, 2021. IGHG is a passively managed fund by ProShares that tracks the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. It was launched on Nov 5, 2013. Both GLDB and IGHG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLDB or IGHG.
Key characteristics
| GLDB | IGHG | |
|---|---|---|
| YTD Return | 22.51% | 5.39% |
| 1Y Return | 37.18% | 9.47% |
| 3Y Return (Ann) | 4.25% | 4.89% |
| Sharpe Ratio | 2.32 | 2.66 |
| Daily Std Dev | 16.13% | 3.61% |
| Max Drawdown | -35.99% | -25.16% |
| Current Drawdown | -1.59% | 0.00% |
Correlation
The correlation between GLDB and IGHG is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GLDB vs. IGHG - Performance Comparison
In the year-to-date period, GLDB achieves a 22.51% return, which is significantly higher than IGHG's 5.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLDB vs. IGHG - Expense Ratio Comparison
GLDB has a 0.79% expense ratio, which is higher than IGHG's 0.30% expense ratio.
Risk-Adjusted Performance
GLDB vs. IGHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GLDB) 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.
Dividends
GLDB vs. IGHG - Dividend Comparison
GLDB's dividend yield for the trailing twelve months is around 3.12%, less than IGHG's 5.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDB Strategy Shares Gold-Hedged Bond ETF | 3.12% | 2.94% | 2.57% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.19% | 5.00% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% | 3.59% | 0.55% |
Drawdowns
GLDB vs. IGHG - Drawdown Comparison
The maximum GLDB drawdown since its inception was -35.99%, which is greater than IGHG's maximum drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for GLDB and IGHG. For additional features, visit the drawdowns tool.
Volatility
GLDB vs. IGHG - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GLDB) has a higher volatility of 4.49% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 1.10%. This indicates that GLDB'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.