IG vs. CAG

Last updated Jun 3, 2026

IG (Principal Investment Grade Corporate Active ETF) is Corporate Bonds fund actively managed by Principal, while CAG (Conagra Brands, Inc.) is a stock. At a correlation of -0.04, they often move in opposite directions.

Performance

IG vs. CAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Investment Grade Corporate Active ETF (IG) and Conagra Brands, Inc. (CAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IG

• 1D: -0.05%
• 1M: 0.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAG

• 1D: -2.18%
• 1M: -9.17%
• YTD: -24.02%
• 6M: -23.36%
• 1Y: -39.73%
• 3Y*: -24.56%
• 5Y*: -16.05%
• 10Y*: -6.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IG vs. CAG - Yearly Performance Comparison

	2026 (YTD)
IG Principal Investment Grade Corporate Active ETF	0.01%
CAG Conagra Brands, Inc.	-11.24%

Correlation

The correlation between IG and CAG 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 (All Time) Calculated using the full available price history since Apr 23, 2026	-0.04

Return for Risk

IG vs. CAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAG

CAG Risk / Return Rank: 1
CAG Sharpe Ratio Rank: 1
CAG Sortino Ratio Rank: 1
CAG Omega Ratio Rank: 3
CAG Calmar Ratio Rank: 0
CAG Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IG vs. CAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Investment Grade Corporate Active ETF (IG) and Conagra Brands, Inc. (CAG). 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.

Sharpe Ratios by Period

	IG	CAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.43	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.69	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.24	-0.23

Drawdowns

IG vs. CAG - Drawdown Comparison

The maximum IG drawdown since its inception was -1.75%, smaller than the maximum CAG drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for IG and CAG.

Drawdown Indicators

	IG	CAG	Difference
Max Drawdown Largest peak-to-trough decline	-1.75%	-62.52%	+60.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-39.25%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-62.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.52%	—
Current Drawdown Current decline from peak	-0.09%	-62.52%	+62.43%
Average Drawdown Average peak-to-trough decline	-0.54%	-15.74%	+15.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.74%	—

Volatility

Volatility by Period

	IG	CAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.94%	27.90%	-22.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	23.33%	-18.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	26.18%	-21.24%

Dividends

IG vs. CAG - Dividend Comparison

IG's dividend yield for the trailing twelve months is around 0.84%, less than CAG's 11.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAG Conagra Brands, Inc.	11.13%	8.09%	5.05%	4.75%	3.32%	3.44%	2.52%	2.48%	3.98%	2.19%	29.36%	2.37%
IG Principal Investment Grade Corporate Active ETF	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IG and CAG in my portfolio?

IG and CAG 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.