IBDX vs. IGHG
IBDX (iShares iBonds Dec 2032 Term Corporate ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds - IBDX tracks the Bloomberg December 2032 Maturity Corporate Index while IGHG tracks the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. Over the past 3 years, IBDX returned 5.73%/yr vs 8.57%/yr for IGHG. At a 0.10 correlation, their price movements are largely independent. IBDX charges 0.10%/yr vs 0.30%/yr for IGHG.
Performance
IBDX vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, IBDX achieves a 0.16% return, which is significantly lower than IGHG's 2.17% return.
IBDX
- 1D
- -0.20%
- 1M
- 0.16%
- YTD
- 0.16%
- 6M
- 0.26%
- 1Y
- 5.93%
- 3Y*
- 5.73%
- 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%
IBDX vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 0.16% | 9.05% | 2.39% | 9.42% | -1.80% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.17% | 5.65% | 9.20% | 11.58% | 5.31% |
Correlation
The correlation between IBDX and IGHG is 0.10, 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 (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.10 |
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Return for Risk
IBDX vs. IGHG — Risk / Return Rank
IBDX
IGHG
IBDX vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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.
| IBDX | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 3.31 | -1.15 |
| Martin ratioReturn relative to average drawdown | 7.01 | 11.71 | -4.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBDX | IGHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.68 | -0.13 |
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 | 0.65 | 0.54 | +0.11 |
Drawdowns
IBDX vs. IGHG - Drawdown Comparison
The maximum IBDX drawdown since its inception was -12.51%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for IBDX and IGHG.
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Drawdown Indicators
| IBDX | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.51% | -25.16% | +12.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -1.75% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -3.74% | -3.35% |
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 | -1.43% | -0.11% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -2.30% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.50% | +0.35% |
Volatility
IBDX vs. IGHG - Volatility Comparison
iShares iBonds Dec 2032 Term Corporate ETF (IBDX) has a higher volatility of 1.18% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 0.62%. This indicates that IBDX'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
| IBDX | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 0.62% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 2.53% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.44% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 5.02% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 7.46% | 0.00% |
IBDX vs. IGHG - Expense Ratio Comparison
IBDX has a 0.10% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
IBDX vs. IGHG - Dividend Comparison
IBDX's dividend yield for the trailing twelve months is around 4.83%, less than IGHG's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 4.83% | 4.81% | 5.02% | 4.59% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
IBDX and IGHG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDX has higher volatility (1.18%) compared to IGHG (0.62%). In terms of maximum drawdown, IBDX dropped -12.51% vs IGHG's -25.16%.
On 3-year performance, IGHG leads with 8.57% vs 5.73% for IBDX. On fees, IBDX is cheaper at 0.10% per year. On volatility, IGHG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IGHG has performed better with a 8.57% return vs 5.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDX 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 4.83% for IBDX.
IBDX tracks Bloomberg December 2032 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 IBDX and 0.30% for IGHG.
IGHG currently has the higher Sharpe Ratio (1.68 vs 1.55), 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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