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IGHG vs. AGG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


IGHGAGG
YTD Return8.40%2.65%
1Y Return11.27%9.31%
3Y Return (Ann)5.83%-2.21%
5Y Return (Ann)4.56%0.10%
10Y Return (Ann)3.69%1.55%
Sharpe Ratio2.711.40
Sortino Ratio3.882.06
Omega Ratio1.561.25
Calmar Ratio4.330.54
Martin Ratio20.885.12
Ulcer Index0.55%1.64%
Daily Std Dev4.20%5.98%
Max Drawdown-25.16%-18.43%
Current Drawdown0.00%-7.73%

Correlation

-0.50.00.51.0-0.1

The correlation between IGHG and AGG is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

IGHG vs. AGG - Performance Comparison

In the year-to-date period, IGHG achieves a 8.40% return, which is significantly higher than AGG's 2.65% return. Over the past 10 years, IGHG has outperformed AGG with an annualized return of 3.69%, while AGG has yielded a comparatively lower 1.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.65%
4.60%
IGHG
AGG

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IGHG vs. AGG - Expense Ratio Comparison

IGHG has a 0.30% expense ratio, which is higher than AGG's 0.05% expense ratio.


IGHG
ProShares Investment Grade-Interest Rate Hedged
Expense ratio chart for IGHG: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%
Expense ratio chart for AGG: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Risk-Adjusted Performance

IGHG vs. AGG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.


IGHG
Sharpe ratio
The chart of Sharpe ratio for IGHG, currently valued at 2.69, compared to the broader market-2.000.002.004.006.002.69
Sortino ratio
The chart of Sortino ratio for IGHG, currently valued at 3.84, compared to the broader market-2.000.002.004.006.008.0010.0012.003.84
Omega ratio
The chart of Omega ratio for IGHG, currently valued at 1.55, compared to the broader market1.001.502.002.503.001.55
Calmar ratio
The chart of Calmar ratio for IGHG, currently valued at 4.29, compared to the broader market0.005.0010.0015.004.29
Martin ratio
The chart of Martin ratio for IGHG, currently valued at 20.66, compared to the broader market0.0020.0040.0060.0080.00100.00120.0020.66
AGG
Sharpe ratio
The chart of Sharpe ratio for AGG, currently valued at 1.40, compared to the broader market-2.000.002.004.006.001.40
Sortino ratio
The chart of Sortino ratio for AGG, currently valued at 2.06, compared to the broader market-2.000.002.004.006.008.0010.0012.002.06
Omega ratio
The chart of Omega ratio for AGG, currently valued at 1.25, compared to the broader market1.001.502.002.503.001.25
Calmar ratio
The chart of Calmar ratio for AGG, currently valued at 0.54, compared to the broader market0.005.0010.0015.000.54
Martin ratio
The chart of Martin ratio for AGG, currently valued at 5.12, compared to the broader market0.0020.0040.0060.0080.00100.00120.005.12

IGHG vs. AGG - Sharpe Ratio Comparison

The current IGHG Sharpe Ratio is 2.71, which is higher than the AGG Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of IGHG and AGG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.69
1.40
IGHG
AGG

Dividends

IGHG vs. AGG - Dividend Comparison

IGHG's dividend yield for the trailing twelve months is around 5.07%, more than AGG's 3.93% yield.


TTM20232022202120202019201820172016201520142013
IGHG
ProShares Investment Grade-Interest Rate Hedged
5.07%4.99%3.55%2.50%2.78%3.48%4.13%3.36%3.37%3.64%3.59%0.55%
AGG
iShares Core U.S. Aggregate Bond ETF
3.93%3.13%2.39%1.77%2.14%2.70%2.96%2.32%2.39%2.45%2.40%2.32%

Drawdowns

IGHG vs. AGG - Drawdown Comparison

The maximum IGHG drawdown since its inception was -25.16%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for IGHG and AGG. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-7.73%
IGHG
AGG

Volatility

IGHG vs. AGG - Volatility Comparison

ProShares Investment Grade-Interest Rate Hedged (IGHG) has a higher volatility of 1.87% compared to iShares Core U.S. Aggregate Bond ETF (AGG) at 1.68%. This indicates that IGHG's price experiences larger fluctuations and is considered to be riskier than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.87%
1.68%
IGHG
AGG