IGHG vs. CBOE
Compare and contrast key facts about ProShares Investment Grade-Interest Rate Hedged (IGHG) and Cboe Global Markets, Inc. (CBOE).
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.
Performance
IGHG vs. CBOE - Performance Comparison
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IGHG vs. CBOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | -0.14% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 4.49% |
CBOE Cboe Global Markets, Inc. | 12.26% | 29.96% | 10.74% | 44.37% | -2.16% | 42.23% | -21.17% | 24.16% | -20.60% | 70.49% |
Returns By Period
In the year-to-date period, IGHG achieves a -0.14% return, which is significantly lower than CBOE's 12.26% return. Over the past 10 years, IGHG has underperformed CBOE with an annualized return of 4.67%, while CBOE has yielded a comparatively higher 16.99% annualized return.
IGHG
- 1D
- 0.59%
- 1M
- 0.46%
- YTD
- -0.14%
- 6M
- 0.80%
- 1Y
- 6.35%
- 3Y*
- 8.08%
- 5Y*
- 4.75%
- 10Y*
- 4.67%
CBOE
- 1D
- -0.44%
- 1M
- -6.22%
- YTD
- 12.26%
- 6M
- 15.21%
- 1Y
- 25.59%
- 3Y*
- 29.50%
- 5Y*
- 24.44%
- 10Y*
- 16.99%
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Return for Risk
IGHG vs. CBOE — Risk / Return Rank
IGHG
CBOE
IGHG vs. CBOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and Cboe Global Markets, Inc. (CBOE). 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 | CBOE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.17 | +0.31 |
Sortino ratioReturn per unit of downside risk | 2.22 | 1.64 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.68 | 0.00 |
Martin ratioReturn relative to average drawdown | 10.52 | 6.82 | +3.71 |
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 | CBOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.17 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 1.13 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.69 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.68 | -0.16 |
Correlation
The correlation between IGHG and CBOE is 0.09, 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. CBOE - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.18%, more than CBOE's 0.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.18% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
CBOE Cboe Global Markets, Inc. | 0.99% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
Drawdowns
IGHG vs. CBOE - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, smaller than the maximum CBOE drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for IGHG and CBOE.
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Drawdown Indicators
| IGHG | CBOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -43.23% | +18.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -10.32% | +8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -8.75% | -21.77% | +13.02% |
Max Drawdown (10Y)Largest decline over 10 years | -25.16% | -43.23% | +18.07% |
Current DrawdownCurrent decline from peak | -1.00% | -7.67% | +6.67% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -11.48% | +9.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 4.05% | -3.47% |
Volatility
IGHG vs. CBOE - Volatility Comparison
The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 1.20%, while Cboe Global Markets, Inc. (CBOE) has a volatility of 8.34%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than CBOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHG | CBOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 8.34% | -7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 15.45% | -12.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 22.07% | -17.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 21.75% | -16.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.48% | 24.63% | -17.15% |