IBDP vs. IGHG
IBDP (iShares iBonds Dec 2024 Term Corporate ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds - IBDP tracks the Bloomberg December 2024 Maturity Corporate Index while IGHG tracks the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. At a correlation of -0.04, they often move in opposite directions. IBDP charges 0.10%/yr vs 0.30%/yr for IGHG.
Performance
IBDP vs. IGHG - Performance Comparison
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Returns By Period
IBDP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGHG
- 1D
- 0.05%
- 1M
- 0.76%
- YTD
- 2.17%
- 6M
- 2.54%
- 1Y
- 5.77%
- 3Y*
- 8.57%
- 5Y*
- 5.24%
- 10Y*
- 4.72%
IBDP vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDP iShares iBonds Dec 2024 Term Corporate ETF | 0.00% | 0.00% | 5.02% | 5.16% | -3.89% | -0.64% | 6.14% | 11.00% | -1.37% | 5.61% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.17% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 4.49% |
Correlation
The correlation between IBDP and IGHG is -0.04, 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 (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2015 | -0.04 |
The correlation between IBDP and IGHG shifts across timeframes, from -0.04 (all time) to 0.09 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBDP vs. IGHG — Risk / Return Rank
IBDP
IGHG
IBDP vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Corporate ETF (IBDP) 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.
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Sharpe Ratios by Period
| IBDP | IGHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.68 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.54 | — |
Drawdowns
IBDP vs. IGHG - Drawdown Comparison
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Drawdown Indicators
| IBDP | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -25.16% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.16% | — |
Current DrawdownCurrent decline from peak | — | -0.11% | — |
Average DrawdownAverage peak-to-trough decline | — | -2.30% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.50% | — |
Volatility
IBDP vs. IGHG - Volatility Comparison
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Volatility by Period
| IBDP | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 3.44% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 5.02% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 7.46% | — |
IBDP vs. IGHG - Expense Ratio Comparison
IBDP has a 0.10% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
IBDP vs. IGHG - Dividend Comparison
IBDP has not paid dividends to shareholders, while IGHG's dividend yield for the trailing twelve months is around 5.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDP iShares iBonds Dec 2024 Term Corporate ETF | 0.00% | 0.00% | 3.93% | 3.01% | 2.06% | 1.86% | 2.51% | 3.15% | 3.35% | 3.15% | 3.23% | 3.74% |
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
IBDP and IGHG have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBDP is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBDP is cheaper with a 0.10% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 5.11%, compared with 0.00% for IBDP.
IBDP tracks Bloomberg December 2024 Maturity Corporate Index, while IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.10% for IBDP and 0.30% for IGHG.
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