IGHG vs. ARKW
Compare and contrast key facts about ProShares Investment Grade-Interest Rate Hedged (IGHG) and ARK Next Generation Internet ETF (ARKW).
IGHG and ARKW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKW is an actively managed fund by ARK Investment Management. It was launched on Sep 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGHG or ARKW.
Key characteristics
| IGHG | ARKW | |
|---|---|---|
| YTD Return | 8.19% | 38.01% |
| 1Y Return | 10.54% | 77.84% |
| 3Y Return (Ann) | 6.01% | -11.80% |
| 5Y Return (Ann) | 4.55% | 15.39% |
| 10Y Return (Ann) | 3.73% | 20.13% |
| Sharpe Ratio | 2.59 | 2.54 |
| Sortino Ratio | 3.70 | 3.12 |
| Omega Ratio | 1.53 | 1.38 |
| Calmar Ratio | 4.14 | 1.20 |
| Martin Ratio | 19.93 | 12.29 |
| Ulcer Index | 0.55% | 6.59% |
| Daily Std Dev | 4.20% | 31.88% |
| Max Drawdown | -25.16% | -80.01% |
| Current Drawdown | -0.19% | -42.57% |
Correlation
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 8.19% return, which is significantly lower than ARKW's 38.01% return. Over the past 10 years, IGHG has underperformed ARKW with an annualized return of 3.73%, while ARKW has yielded a comparatively higher 20.13% annualized return. 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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IGHG vs. ARKW - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is lower than ARKW's 0.76% expense ratio.
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.
Dividends
IGHG vs. ARKW - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.08%, while ARKW has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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.
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 11.53%. 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.