IBD vs. IGHG
IBD (Inspire Corporate Bond Impact ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds - IBD tracks the Inspire Corporate Bond Impact Equal Weight Index while IGHG tracks the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. Over the past 5 years, IBD returned 1.13%/yr vs 5.43%/yr for IGHG. Their 0.04 correlation means their historical movements had little consistent relationship. IBD charges 0.49%/yr vs 0.30%/yr for IGHG.
Performance
IBD vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, IBD achieves a 0.17% return, which is significantly lower than IGHG's 2.49% return.
IBD
- 1D
- 0.25%
- 1M
- -0.22%
- 6M
- 0.59%
- YTD
- 0.17%
- 1Y
- 2.68%
- 3Y*
- 5.16%
- 5Y*
- 1.13%
- 10Y*
- —
- ALL TIME*
- 2.15%
IGHG
- 1D
- 0.18%
- 1M
- 0.23%
- 6M
- 1.83%
- YTD
- 2.49%
- 1Y
- 5.05%
- 3Y*
- 7.53%
- 5Y*
- 5.43%
- 10Y*
- 4.76%
- ALL TIME*
- 3.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.01M | $1.95M | $1.70M | |
| $1.32M | $1.23M | $1.91M |
IBD vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBD Inspire Corporate Bond Impact ETF | 0.17% | 7.70% | 3.58% | 6.00% | -8.94% | -1.89% | 5.15% | 7.97% | -1.18% | 2.10% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.49% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 2.46% |
Correlation
The correlation between IBD and IGHG is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2017 | 0.04 |
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Return for Risk
IBD vs. IGHG — Risk / Return Rank
IBD
IGHG
IBD vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Inspire Corporate Bond Impact ETF (IBD) 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.
| IBD | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.90 | -1.65 |
| Martin ratioReturn relative to average drawdown | 3.50 | 10.00 | -6.50 |
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Drawdowns
IBD vs. IGHG - Drawdown Comparison
The maximum IBD drawdown since its inception was -16.30%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for IBD and IGHG.
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Drawdown Indicators
| IBD | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.30% | -25.16% | +8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.15% | -1.75% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.61% | -3.74% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -14.42% | -8.75% | -5.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.16% | — |
Current DrawdownCurrent decline from peak | -0.69% | 0.00% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -2.27% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.51% | +0.26% |
Volatility
IBD vs. IGHG - Volatility Comparison
Inspire Corporate Bond Impact ETF (IBD) has a higher volatility of 1.47% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 0.60%. This indicates that IBD'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
| IBD | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 0.60% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 2.06% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 3.31% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 4.99% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 7.30% | -0.62% |
IBD vs. IGHG - Expense Ratio Comparison
IBD has a 0.49% expense ratio, which is higher than IGHG's 0.30% expense ratio.
Dividends
IBD vs. IGHG - Dividend Comparison
IBD's dividend yield for the trailing twelve months is around 4.25%, less than IGHG's 5.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBD Inspire Corporate Bond Impact ETF | 4.25% | 4.17% | 4.18% | 3.39% | 1.75% | 1.36% | 1.63% | 2.47% | 2.06% | 0.82% | 0.00% | 0.00% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.10% | 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
IBD and IGHG have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBD has higher volatility (1.47%) compared to IGHG (0.60%). In terms of maximum drawdown, IBD dropped -16.30% vs IGHG's -25.16%.
On 5-year performance, IGHG leads with 5.43% vs 1.13% for IBD. On fees, IGHG is cheaper at 0.30% per year. On volatility, IGHG has been the lower-risk option at 0.60%. 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 5.43% return vs 1.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGHG is cheaper with a 0.30% expense ratio, compared with 0.49% for IBD.
IGHG has the higher dividend yield at 5.10%, compared with 4.25% for IBD.
IBD tracks Inspire Corporate Bond Impact Equal Weight Index, while IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. They also come from different issuers: Inspire and ProShares. Their fees differ too: 0.49% for IBD and 0.30% for IGHG.
IGHG currently has the higher Sharpe Ratio (1.53 vs 0.66), 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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