IBDT vs. IGHG
IBDT (iShares iBonds Dec 2028 Term Corporate ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds - IBDT tracks the Bloomberg December 2028 Maturity Corporate Index while IGHG tracks the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. Over the past 5 years, IBDT returned 1.07%/yr vs 5.38%/yr for IGHG. Their 0.05 correlation means their historical movements had little consistent relationship. IBDT charges 0.10%/yr vs 0.30%/yr for IGHG.
Performance
IBDT vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, IBDT achieves a 1.18% return, which is significantly lower than IGHG's 2.20% return.
IBDT
- 1D
- -0.06%
- 1M
- 0.02%
- 6M
- 0.85%
- YTD
- 1.18%
- 1Y
- 3.43%
- 3Y*
- 5.62%
- 5Y*
- 1.07%
- 10Y*
- —
- ALL TIME*
- 3.89%
IGHG
- 1D
- 0.17%
- 1M
- -0.05%
- 6M
- 1.60%
- YTD
- 2.20%
- 1Y
- 4.84%
- 3Y*
- 7.47%
- 5Y*
- 5.38%
- 10Y*
- 4.76%
- ALL TIME*
- 3.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.99M | $16.78M | $15.59M | |
| $1.19M | $1.15M | $1.90M |
IBDT vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 1.18% | 7.02% | 3.97% | 7.72% | -11.42% | -1.90% | 9.62% | 15.15% | 1.47% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.20% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -4.14% |
Correlation
The correlation between IBDT and IGHG is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2018 | 0.05 |
The correlation between IBDT and IGHG shifts across timeframes, from 0.02 (3 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBDT vs. IGHG — Risk / Return Rank
IBDT
IGHG
IBDT vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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.
| IBDT | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.26 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 2.66 | +1.19 |
| Martin ratioReturn relative to average drawdown | 17.60 | 9.17 | +8.43 |
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Drawdowns
IBDT vs. IGHG - Drawdown Comparison
The maximum IBDT drawdown since its inception was -17.79%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for IBDT and IGHG.
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Drawdown Indicators
| IBDT | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -25.16% | +7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -1.75% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -2.94% | -3.74% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -17.61% | -8.75% | -8.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.16% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.17% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -2.27% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.51% | -0.29% |
Volatility
IBDT vs. IGHG - Volatility Comparison
The current volatility for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) is 0.44%, while ProShares Investment Grade-Interest Rate Hedged (IGHG) has a volatility of 0.58%. This indicates that IBDT experiences smaller price fluctuations and is considered to be less risky 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
| IBDT | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.58% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.15% | 2.06% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 3.32% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 4.99% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 7.31% | -1.00% |
IBDT vs. IGHG - Expense Ratio Comparison
IBDT has a 0.10% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
IBDT vs. IGHG - Dividend Comparison
IBDT's dividend yield for the trailing twelve months is around 4.52%, less than IGHG's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.14% | 4.56% | 4.67% | 4.10% | 3.25% | 2.45% | 2.80% | 3.32% | 1.47% | 0.00% | 0.00% | 0.00% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 4.67% | 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
IBDT and IGHG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGHG has higher volatility (0.58%) compared to IBDT (0.44%). In terms of maximum drawdown, IBDT dropped -17.79% vs IGHG's -25.16%.
On 5-year performance, IGHG leads with 5.38% vs 1.07% for IBDT. On fees, IBDT is cheaper at 0.10% per year. On volatility, IBDT has been the lower-risk option at 0.44%. 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 5.38% return vs 1.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDT is cheaper with a 0.10% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 4.67%, compared with 4.14% for IBDT.
IBDT tracks Bloomberg December 2028 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 IBDT and 0.30% for IGHG.
IBDT currently has the higher Sharpe Ratio (2.50 vs 1.40), 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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