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IGHG vs. CCRV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGHG vs. CCRV

Last updated Jun 4, 2026

IGHG (ProShares Investment Grade-Interest Rate Hedged) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both exchange-traded funds - IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index. Both are passively managed. At a 0.18 correlation, their price movements are largely independent. IGHG charges 0.30%/yr vs 0.40%/yr for CCRV.

Performance

IGHG vs. CCRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Investment Grade-Interest Rate Hedged (IGHG) and iShares Commodity Curve Carry Strategy ETF (CCRV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

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%

CCRV

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGHG vs. CCRV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IGHG
ProShares Investment Grade-Interest Rate Hedged		2.17%5.65%9.20%11.58%-0.90%0.88%5.40%
CCRV
iShares Commodity Curve Carry Strategy ETF		0.00%-0.05%5.74%5.47%19.91%33.78%7.37%

Correlation

The correlation between IGHG and CCRV is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Sep 4, 2020

0.18

The correlation between IGHG and CCRV shifts across timeframes, from -0.00 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.

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ProShares Investment Grade-Interest Rate Hedged

iShares Commodity Curve Carry Strategy ETF

Often compared with IGHG:
IGHG vs. QAIIGHG vs. LQDHIGHG vs. HYHGIGHG vs. IGBHIGHG vs. FLSPIGHG vs. OPERIGHG vs. AGG
Often compared with CCRV:
CCRV vs. SDCICCRV vs. COMCCRV vs. CMDYCCRV vs. USCICCRV vs. SPYCCRV vs. VGTCCRV vs. JPLD

Return for Risk

IGHG vs. CCRV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGHG
IGHG Risk / Return Rank: 5656
Overall Rank
IGHG Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IGHG Sortino Ratio Rank: 5252
Sortino Ratio Rank
IGHG Omega Ratio Rank: 5050
Omega Ratio Rank
IGHG Calmar Ratio Rank: 6666
Calmar Ratio Rank
IGHG Martin Ratio Rank: 6464
Martin Ratio Rank
CCRV
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGHG vs. CCRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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.

IGHGCCRVDifference
Sharpe ratioReturn per unit of total volatility
1.68

—

—

Sortino ratioReturn per unit of downside risk
2.53

—

—

Omega ratioGain probability vs. loss probability

1.32

—

—

Calmar ratioReturn relative to maximum drawdown

3.31

—

—

Martin ratioReturn relative to average drawdown

11.71

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGHG vs. CCRV - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IGHGCCRVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.68

—

—

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

—

—

Drawdowns

IGHG vs. CCRV - Drawdown Comparison

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Drawdown Indicators

IGHGCCRVDifference

Max Drawdown

Largest peak-to-trough decline

-25.16%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-1.75%

—

—

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 Drawdown

Current decline from peak

-0.11%

—

—

Average Drawdown

Average peak-to-trough decline

-2.30%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.50%

—

—

Volatility

IGHG vs. CCRV - Volatility Comparison

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Volatility by Period

IGHGCCRVDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.62%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

2.53%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

3.44%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.02%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.46%

—

—

IGHG vs. CCRV - Expense Ratio Comparison

IGHG has a 0.30% expense ratio, which is lower than CCRV's 0.40% expense ratio.

Dividends

IGHG vs. CCRV - Dividend Comparison

IGHG's dividend yield for the trailing twelve months is around 5.11%, while CCRV has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CCRV
iShares Commodity Curve Carry Strategy ETF		0.00%0.00%4.43%7.26%33.27%26.22%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 CCRV have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IGHG is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IGHG is cheaper with a 0.30% expense ratio, compared with 0.40% for CCRV.

IGHG has the higher dividend yield at 5.11%, compared with 0.00% for CCRV.

IGHG is categorized as Corporate Bonds, while CCRV is Commodities. IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.30% for IGHG and 0.40% for CCRV.

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