IGBH vs. IGHG
Compare and contrast key facts about iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) and ProShares Investment Grade-Interest Rate Hedged (IGHG).
IGBH and IGHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGBH is a passively managed fund by iShares that tracks the performance of the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index. It was launched on Jul 22, 2015. IGHG is a passively managed fund by ProShares that tracks the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. It was launched on Nov 5, 2013. Both IGBH and IGHG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGBH or IGHG.
Key characteristics
| IGBH | IGHG | |
|---|---|---|
| YTD Return | 7.90% | 8.19% |
| 1Y Return | 10.48% | 10.54% |
| 3Y Return (Ann) | 5.24% | 6.01% |
| 5Y Return (Ann) | 4.83% | 4.55% |
| Sharpe Ratio | 2.68 | 2.59 |
| Sortino Ratio | 3.76 | 3.70 |
| Omega Ratio | 1.55 | 1.53 |
| Calmar Ratio | 3.60 | 4.14 |
| Martin Ratio | 15.37 | 19.93 |
| Ulcer Index | 0.71% | 0.55% |
| Daily Std Dev | 4.07% | 4.20% |
| Max Drawdown | -33.67% | -25.16% |
| Current Drawdown | 0.00% | -0.19% |
Correlation
The correlation between IGBH and IGHG is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IGBH vs. IGHG - Performance Comparison
The year-to-date returns for both investments are quite close, with IGBH having a 7.90% return and IGHG slightly higher at 8.19%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGBH vs. IGHG - Expense Ratio Comparison
IGBH has a 0.16% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Risk-Adjusted Performance
IGBH vs. IGHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) 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.
Dividends
IGBH vs. IGHG - Dividend Comparison
IGBH's dividend yield for the trailing twelve months is around 7.22%, more than IGHG's 5.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 7.22% | 7.32% | 3.84% | 2.71% | 2.39% | 3.39% | 6.06% | 2.88% | 2.63% | 1.12% | 0.00% | 0.00% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.08% | 4.99% | 3.55% | 2.50% | 2.78% | 3.48% | 4.13% | 3.36% | 3.37% | 3.64% | 3.59% | 0.55% |
Drawdowns
IGBH vs. IGHG - Drawdown Comparison
The maximum IGBH drawdown since its inception was -33.67%, which is greater than IGHG's maximum drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for IGBH and IGHG. For additional features, visit the drawdowns tool.
Volatility
IGBH vs. IGHG - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is 1.07%, while ProShares Investment Grade-Interest Rate Hedged (IGHG) has a volatility of 1.87%. This indicates that IGBH 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.