IGHG vs. ARKW
IGHG (ProShares Investment Grade-Interest Rate Hedged) and ARKW (ARK Next Generation Internet ETF) are both exchange-traded funds - IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while ARKW is a Mid Cap Growth Equities fund actively managed by ARK. IGHG is passively managed, while ARKW is actively managed. Over the past 10 years, IGHG returned 4.69%/yr vs 21.72%/yr for ARKW. At a 0.34 correlation, their price movements are largely independent. IGHG charges 0.30%/yr vs 0.76%/yr for ARKW.
Performance
IGHG vs. ARKW - Performance Comparison
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Returns By Period
In the year-to-date period, IGHG achieves a 2.07% return, which is significantly higher than ARKW's -2.33% return. Over the past 10 years, IGHG has underperformed ARKW with an annualized return of 4.69%, while ARKW has yielded a comparatively higher 21.72% annualized return.
IGHG
- 1D
- 0.06%
- 1M
- 0.04%
- 6M
- 1.69%
- YTD
- 2.07%
- 1Y
- 4.69%
- 3Y*
- 7.88%
- 5Y*
- 5.33%
- 10Y*
- 4.69%
ARKW
- 1D
- -2.59%
- 1M
- -1.14%
- 6M
- -3.36%
- YTD
- -2.33%
- 1Y
- -6.70%
- 3Y*
- 30.08%
- 5Y*
- 0.90%
- 10Y*
- 21.72%
IGHG vs. ARKW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.07% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 4.49% |
ARKW ARK Next Generation Internet ETF | -2.33% | 38.93% | 42.27% | 96.89% | -67.49% | -18.85% | 157.44% | 35.76% | 4.24% | 87.29% |
Correlation
The correlation between IGHG and ARKW is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.34 |
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Return for Risk
IGHG vs. ARKW — Risk / Return Rank
IGHG
ARKW
IGHG vs. ARKW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and ARK Next Generation Internet ETF (ARKW). 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.
| IGHG | ARKW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.99 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | -0.19 | +2.87 |
| Martin ratioReturn relative to average drawdown | 9.43 | -0.36 | +9.78 |
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Drawdowns
IGHG vs. ARKW - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, smaller than the maximum ARKW drawdown of -80.52%. Use the drawdown chart below to compare losses from any high point for IGHG and ARKW.
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Drawdown Indicators
| IGHG | ARKW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -80.52% | +55.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -36.21% | +34.46% |
Max Drawdown (3Y)Largest decline over 3 years | -3.74% | -36.21% | +32.47% |
Max Drawdown (5Y)Largest decline over 5 years | -8.75% | -77.36% | +68.61% |
Max Drawdown (10Y)Largest decline over 10 years | -25.16% | -80.52% | +55.36% |
Current DrawdownCurrent decline from peak | -0.31% | -21.72% | +21.41% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -23.95% | +21.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 18.78% | -18.28% |
Volatility
IGHG vs. ARKW - Volatility Comparison
The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 0.58%, while ARK Next Generation Internet ETF (ARKW) has a volatility of 8.92%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHG | ARKW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 8.92% | -8.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 25.50% | -23.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 33.27% | -29.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 43.72% | -38.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.32% | 37.78% | -30.46% |
IGHG vs. ARKW - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is lower than ARKW's 0.76% expense ratio.
Dividends
IGHG vs. ARKW - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.13%, more than ARKW's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 1.63% | 1.59% | 0.00% | 0.00% | 0.00% | 0.17% | 1.29% | 0.00% | 13.05% | 2.05% | 0.00% | 2.29% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.13% | 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
IGHG and ARKW have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARKW has higher volatility (8.92%) compared to IGHG (0.58%). In terms of maximum drawdown, IGHG dropped -25.16% vs ARKW's -80.52%.
On 10-year performance, ARKW leads with 21.72% vs 4.69% for IGHG. On fees, IGHG is cheaper at 0.30% per year. On volatility, IGHG has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ARKW has performed better with a 21.72% return vs 4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGHG is cheaper with a 0.30% expense ratio, compared with 0.76% for ARKW.
IGHG has the higher dividend yield at 5.13%, compared with 1.63% for ARKW.
IGHG is categorized as Corporate Bonds, while ARKW is Mid Cap Growth Equities. They also come from different issuers: ProShares and ARK. Their fees differ too: 0.30% for IGHG and 0.76% for ARKW.
IGHG currently has the higher Sharpe Ratio (1.41 vs -0.20), 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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