IGHG vs. BITO
Compare and contrast key facts about ProShares Investment Grade-Interest Rate Hedged (IGHG) and ProShares Bitcoin Strategy ETF (BITO).
IGHG and BITO 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. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
IGHG vs. BITO - Performance Comparison
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IGHG vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 0.20% | 5.65% | 9.20% | 11.58% | -0.90% | -1.12% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, IGHG achieves a 0.20% return, which is significantly higher than BITO's -22.79% return.
IGHG
- 1D
- 0.34%
- 1M
- 0.35%
- YTD
- 0.20%
- 6M
- 1.04%
- 1Y
- 7.03%
- 3Y*
- 8.20%
- 5Y*
- 4.82%
- 10Y*
- 4.71%
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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IGHG vs. BITO - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is lower than BITO's 0.95% expense ratio.
Return for Risk
IGHG vs. BITO — Risk / Return Rank
IGHG
BITO
IGHG vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and ProShares Bitcoin Strategy ETF (BITO). 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 | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | -0.52 | +2.16 |
Sortino ratioReturn per unit of downside risk | 2.46 | -0.50 | +2.96 |
Omega ratioGain probability vs. loss probability | 1.32 | 0.94 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 2.92 | -0.42 | +3.34 |
Martin ratioReturn relative to average drawdown | 11.48 | -0.89 | +12.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGHG | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | -0.52 | +2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | -0.08 | +0.59 |
Correlation
The correlation between IGHG and BITO is 0.29, 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.
Dividends
IGHG vs. BITO - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.19%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.19% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGHG vs. BITO - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for IGHG and BITO.
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Drawdown Indicators
| IGHG | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -77.86% | +52.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -50.05% | +47.75% |
Max Drawdown (5Y)Largest decline over 5 years | -8.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.16% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -46.75% | +46.09% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -36.57% | +34.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 23.73% | -23.15% |
Volatility
IGHG vs. BITO - Volatility Comparison
The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 1.23%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.84%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHG | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 12.84% | -11.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 36.71% | -33.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 45.32% | -41.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 55.77% | -50.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.48% | 55.77% | -48.29% |