IGHG vs. BITU
IGHG (ProShares Investment Grade-Interest Rate Hedged) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, IGHG returned 5.77% vs -73.07% for BITU. At a 0.27 correlation, their price movements are largely independent. IGHG charges 0.30%/yr vs 0.95%/yr for BITU.
Performance
IGHG vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, IGHG achieves a 2.17% return, which is significantly higher than BITU's -52.92% return.
IGHG
- 1D
- 0.05%
- 1M
- 0.76%
- YTD
- 2.17%
- 6M
- 2.54%
- 1Y
- 5.77%
- 3Y*
- 8.57%
- 5Y*
- 5.24%
- 10Y*
- 4.72%
BITU
- 1D
- -5.58%
- 1M
- -34.84%
- YTD
- -52.92%
- 6M
- -59.11%
- 1Y
- -73.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGHG vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.17% | 5.65% | 6.38% |
BITU Proshares Ultra Bitcoin ETF | -52.92% | -37.07% | 37.90% |
Correlation
The correlation between IGHG and BITU is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.27 |
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Return for Risk
IGHG vs. BITU — Risk / Return Rank
IGHG
BITU
IGHG vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and Proshares Ultra Bitcoin ETF (BITU). 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 | BITU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.84 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | -0.93 | +4.24 |
| Martin ratioReturn relative to average drawdown | 11.71 | -1.47 | +13.17 |
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 | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | -0.84 | +2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | -0.35 | +0.88 |
Drawdowns
IGHG vs. BITU - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, smaller than the maximum BITU drawdown of -78.94%. Use the drawdown chart below to compare losses from any high point for IGHG and BITU.
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Drawdown Indicators
| IGHG | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -78.94% | +53.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -78.94% | +77.19% |
Max Drawdown (3Y)Largest decline over 3 years | -3.74% | — | — |
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 | -0.11% | -78.94% | +78.83% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -34.49% | +32.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 49.84% | -49.34% |
Volatility
IGHG vs. BITU - Volatility Comparison
The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 0.62%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 18.99%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHG | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 18.99% | -18.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 69.41% | -66.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 87.00% | -83.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 97.45% | -92.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 97.45% | -89.99% |
IGHG vs. BITU - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is lower than BITU's 0.95% expense ratio.
Dividends
IGHG vs. BITU - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.11%, less than BITU's 83.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 83.36% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.11% | 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 BITU have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (18.99%) compared to IGHG (0.62%). In terms of maximum drawdown, IGHG dropped -25.16% vs BITU's -78.94%.
On 1-year performance, IGHG leads with 5.77% vs -73.07% for BITU. On fees, IGHG is cheaper at 0.30% per year. On volatility, IGHG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGHG has performed better with a 5.77% return vs -73.07%. 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 0.95% for BITU.
BITU has the higher dividend yield at 83.36%, compared with 5.11% for IGHG.
IGHG is categorized as Corporate Bonds, while BITU is Cryptocurrency. IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 0.30% for IGHG and 0.95% for BITU.
IGHG currently has the higher Sharpe Ratio (1.68 vs -0.84), 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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