IBDV vs. IGHG
IBDV (iShares iBonds Dec 2030 Term Corporate ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds - IBDV tracks the Bloomberg December 2030 Maturity Corporate Index while IGHG tracks the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. Over the past 5 years, IBDV returned 0.47%/yr vs 5.43%/yr for IGHG. Their 0.08 correlation means their historical movements had little consistent relationship. IBDV charges 0.10%/yr vs 0.30%/yr for IGHG.
Performance
IBDV vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, IBDV achieves a 0.57% return, which is significantly lower than IGHG's 2.49% return.
IBDV
- 1D
- 0.23%
- 1M
- -0.08%
- 6M
- 0.38%
- YTD
- 0.57%
- 1Y
- 2.77%
- 3Y*
- 5.85%
- 5Y*
- 0.47%
- 10Y*
- —
- ALL TIME*
- 1.07%
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) |
|---|---|---|---|
| $11.72M | $14.52M | $14.25M | |
| $1.32M | $1.23M | $1.91M |
IBDV vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBDV iShares iBonds Dec 2030 Term Corporate ETF | 0.57% | 8.19% | 3.42% | 8.51% | -14.67% | -2.64% | 5.22% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.49% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 8.90% |
Correlation
The correlation between IBDV and IGHG is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020 | 0.08 |
The correlation between IBDV and IGHG shifts across timeframes, from 0.03 (3 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBDV vs. IGHG — Risk / Return Rank
IBDV
IGHG
IBDV vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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.
| IBDV | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.90 | -1.56 |
| Martin ratioReturn relative to average drawdown | 4.03 | 10.00 | -5.96 |
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Drawdowns
IBDV vs. IGHG - Drawdown Comparison
The maximum IBDV drawdown since its inception was -21.85%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for IBDV and IGHG.
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Drawdown Indicators
| IBDV | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -25.16% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -1.75% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -4.70% | -3.74% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.18% | -8.75% | -12.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.16% | — |
Current DrawdownCurrent decline from peak | -0.66% | 0.00% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -2.27% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.51% | +0.18% |
Volatility
IBDV vs. IGHG - Volatility Comparison
iShares iBonds Dec 2030 Term Corporate ETF (IBDV) has a higher volatility of 0.79% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 0.60%. This indicates that IBDV'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
| IBDV | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.60% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.16% | 2.06% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 3.31% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.41% | 4.99% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.20% | 7.30% | -1.10% |
IBDV vs. IGHG - Expense Ratio Comparison
IBDV has a 0.10% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
IBDV vs. IGHG - Dividend Comparison
IBDV's dividend yield for the trailing twelve months is around 4.59%, less than IGHG's 5.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDV iShares iBonds Dec 2030 Term Corporate ETF | 4.59% | 4.57% | 4.69% | 4.09% | 3.02% | 1.99% | 0.90% | 0.00% | 0.00% | 0.00% | 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
IBDV and IGHG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDV has higher volatility (0.79%) compared to IGHG (0.60%). In terms of maximum drawdown, IBDV dropped -21.85% vs IGHG's -25.16%.
On 5-year performance, IGHG leads with 5.43% vs 0.47% for IBDV. On fees, IBDV is cheaper at 0.10% 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 0.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDV is cheaper with a 0.10% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 5.10%, compared with 4.59% for IBDV.
IBDV tracks Bloomberg December 2030 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 IBDV and 0.30% for IGHG.
IGHG currently has the higher Sharpe Ratio (1.53 vs 1.01), 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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