IGBH vs. IGHG
IGBH (iShares Interest Rate Hedged Long-Term Corporate Bond ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds - IGBH tracks the BlackRock Interest Rate Hedged Long-Term Corporate Bond Index while IGHG tracks the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. Over the past 10 years, IGBH returned 5.07%/yr vs 4.83%/yr for IGHG. At a 0.47 correlation, their price movements are largely independent. IGBH charges 0.16%/yr vs 0.30%/yr for IGHG.
Performance
IGBH vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, IGBH achieves a 2.48% return, which is significantly higher than IGHG's 2.08% return. Both investments have delivered pretty close results over the past 10 years, with IGBH having a 5.07% annualized return and IGHG not far behind at 4.83%.
IGBH
- 1D
- 0.24%
- 1M
- 0.37%
- YTD
- 2.48%
- 6M
- 2.81%
- 1Y
- 8.91%
- 3Y*
- 8.60%
- 5Y*
- 5.41%
- 10Y*
- 5.07%
IGHG
- 1D
- 0.08%
- 1M
- -0.02%
- YTD
- 2.08%
- 6M
- 2.05%
- 1Y
- 5.77%
- 3Y*
- 8.31%
- 5Y*
- 5.18%
- 10Y*
- 4.83%
IGBH vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 2.48% | 7.90% | 7.80% | 12.12% | -2.82% | 2.20% | 1.09% | 9.62% | -4.54% | 9.36% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.08% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 4.49% |
Correlation
The correlation between IGBH and IGHG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015 | 0.47 |
The correlation between IGBH and IGHG shifts across timeframes, from 0.47 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGBH vs. IGHG — Risk / Return Rank
IGBH
IGHG
IGBH vs. IGHG - Risk-Adjusted Trends 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.
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.
| IGBH | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.32 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 3.31 | -1.20 |
| Martin ratioReturn relative to average drawdown | 7.75 | 11.69 | -3.93 |
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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.
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Drawdown Indicators
| IGBH | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -25.16% | -8.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.24% | -1.75% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -3.74% | -3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -10.48% | -8.75% | -1.73% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -25.16% | -8.51% |
Current DrawdownCurrent decline from peak | -0.20% | -0.25% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -2.29% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.49% | +0.66% |
Volatility
IGBH vs. IGHG - Volatility Comparison
iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) has a higher volatility of 0.69% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 0.63%. This indicates that IGBH'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
| IGBH | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.63% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 2.48% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 3.41% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 5.02% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.21% | 7.46% | +1.75% |
IGBH vs. IGHG - Expense Ratio Comparison
IGBH has a 0.16% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
IGBH vs. IGHG - Dividend Comparison
IGBH's dividend yield for the trailing twelve months is around 5.65%, more than IGHG's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGBH iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 5.65% | 6.23% | 6.88% | 7.32% | 3.84% | 2.71% | 2.39% | 3.40% | 5.56% | 2.87% | 2.62% | 1.12% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.12% | 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
IGBH and IGHG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGBH has higher volatility (0.69%) compared to IGHG (0.63%). In terms of maximum drawdown, IGBH dropped -33.67% vs IGHG's -25.16%.
On 10-year performance, IGBH leads with 5.07% vs 4.83% for IGHG. On fees, IGBH is cheaper at 0.16% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGBH has performed better with a 5.07% return vs 4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGBH is cheaper with a 0.16% expense ratio, compared with 0.30% for IGHG.
IGBH has the higher dividend yield at 5.65%, compared with 5.12% for IGHG.
IGBH tracks BlackRock Interest Rate Hedged Long-Term Corporate Bond 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: 0.16% for IGBH and 0.30% for IGHG.
IGBH currently has the higher Sharpe Ratio (2.22 vs 1.70), 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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