GLDB vs. IGHG

Last updated Apr 1, 2026

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.

Performance

GLDB vs. IGHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Gold-Hedged Bond ETF (GLDB) and ProShares Investment Grade-Interest Rate Hedged (IGHG). The values are adjusted to include any dividend payments, if applicable.

GLDB vs. IGHG - Yearly Performance Comparison

	2026 (YTD)	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	-2.60%	-3.51%
IGHG ProShares Investment Grade-Interest Rate Hedged	-0.14%	0.57%

Returns By Period

In the year-to-date period, GLDB achieves a -2.60% return, which is significantly lower than IGHG's -0.14% return.

GLDB

• 1D: 3.72%
• 1M: -6.76%
• YTD: -2.60%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IGHG

• 1D: 0.59%
• 1M: 0.46%
• YTD: -0.14%
• 6M: 0.80%
• 1Y: 6.35%
• 3Y*: 8.08%
• 5Y*: 4.75%
• 10Y*: 4.67%

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

GLDB vs. IGHG - Expense Ratio Comparison

GLDB has a 0.79% expense ratio, which is higher than IGHG's 0.30% expense ratio.

GLDB

Strategy Shares Gold-Hedged Bond ETF

IGHG

ProShares Investment Grade-Interest Rate Hedged

Return for Risk

GLDB vs. IGHG — Risk / Return Rank

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

IGHG

IGHG Risk / Return Rank: 83
IGHG Sharpe Ratio Rank: 80
IGHG Sortino Ratio Rank: 85
IGHG Omega Ratio Rank: 77
IGHG Calmar Ratio Rank: 87
IGHG Martin Ratio Rank: 88

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.

GLDB vs. IGHG - Risk-Adjusted Trends 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GLDB	IGHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.48	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.51	-0.82

Correlation

The correlation between GLDB and IGHG is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GLDB vs. IGHG - Dividend Comparison

GLDB's dividend yield for the trailing twelve months is around 0.20%, less than IGHG's 5.18% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLDB Strategy Shares Gold-Hedged Bond ETF	0.20%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGHG ProShares Investment Grade-Interest Rate Hedged	5.18%	5.14%	5.06%	4.99%	3.55%	2.50%	2.79%	3.48%	4.13%	3.36%	3.37%	3.65%

Drawdowns

GLDB vs. IGHG - Drawdown Comparison

The maximum GLDB drawdown since its inception was -27.36%, 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.

Drawdown Indicators

	GLDB	IGHG	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-25.16%	-2.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-8.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.16%	—
Current Drawdown Current decline from peak	-22.48%	-1.00%	-21.48%
Average Drawdown Average peak-to-trough decline	-10.62%	-2.33%	-8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.58%	—

Volatility

Volatility by Period

	GLDB	IGHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.68%	4.31%	+40.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.68%	5.06%	+39.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.68%	7.48%	+37.20%