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

Key characteristics


IGHGARKW
YTD Return8.40%30.08%
1Y Return11.27%70.58%
3Y Return (Ann)5.83%-13.81%
5Y Return (Ann)4.56%14.24%
10Y Return (Ann)3.69%19.62%
Sharpe Ratio2.712.19
Sortino Ratio3.882.76
Omega Ratio1.561.34
Calmar Ratio4.331.00
Martin Ratio20.8810.40
Ulcer Index0.55%6.59%
Daily Std Dev4.20%31.35%
Max Drawdown-25.16%-80.01%
Current Drawdown0.00%-45.87%

Correlation

-0.50.00.51.00.3

The correlation between IGHG and ARKW is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

IGHG vs. ARKW - Performance Comparison

In the year-to-date period, IGHG achieves a 8.40% return, which is significantly lower than ARKW's 30.08% return. Over the past 10 years, IGHG has underperformed ARKW with an annualized return of 3.69%, while ARKW has yielded a comparatively higher 19.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
4.64%
33.51%
IGHG
ARKW

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IGHG vs. ARKW - Expense Ratio Comparison

IGHG has a 0.30% expense ratio, which is lower than ARKW's 0.76% expense ratio.


ARKW
ARK Next Generation Internet ETF
Expense ratio chart for ARKW: current value at 0.76% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.76%
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%

Risk-Adjusted Performance

IGHG vs. ARKW - Risk-Adjusted Performance 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.


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
ARKW
Sharpe ratio
The chart of Sharpe ratio for ARKW, currently valued at 2.19, compared to the broader market-2.000.002.004.006.002.19
Sortino ratio
The chart of Sortino ratio for ARKW, currently valued at 2.76, compared to the broader market-2.000.002.004.006.008.0010.0012.002.76
Omega ratio
The chart of Omega ratio for ARKW, currently valued at 1.34, compared to the broader market1.001.502.002.503.001.34
Calmar ratio
The chart of Calmar ratio for ARKW, currently valued at 1.00, compared to the broader market0.005.0010.0015.001.00
Martin ratio
The chart of Martin ratio for ARKW, currently valued at 10.40, compared to the broader market0.0020.0040.0060.0080.00100.00120.0010.40

IGHG vs. ARKW - Sharpe Ratio Comparison

The current IGHG Sharpe Ratio is 2.71, which is comparable to the ARKW Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of IGHG and ARKW, 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
2.19
IGHG
ARKW

Dividends

IGHG vs. ARKW - Dividend Comparison

IGHG's dividend yield for the trailing twelve months is around 5.07%, while ARKW has not paid dividends to shareholders.


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%
ARKW
ARK Next Generation Internet ETF
0.00%0.00%0.00%2.79%1.29%0.00%13.06%2.05%0.00%2.29%0.00%0.00%

Drawdowns

IGHG vs. ARKW - Drawdown Comparison

The maximum IGHG drawdown since its inception was -25.16%, smaller than the maximum ARKW drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for IGHG and ARKW. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-45.87%
IGHG
ARKW

Volatility

IGHG vs. ARKW - Volatility Comparison

The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 1.87%, while ARK Next Generation Internet ETF (ARKW) has a volatility of 10.28%. 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.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%14.00%JuneJulyAugustSeptemberOctoberNovember
1.87%
10.28%
IGHG
ARKW