IGHG vs. CCRV
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
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Returns By Period
IGHG
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 2.12%
- 6M
- 1.98%
- 1Y
- 5.86%
- 3Y*
- 8.33%
- 5Y*
- 5.15%
- 10Y*
- 4.84%
CCRV
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGHG vs. CCRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.12% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 5.44% |
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | -0.05% | 5.74% | 5.47% | 19.91% | 33.78% | 7.16% |
Correlation
The correlation between IGHG and CCRV is 0.03, 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 | 0.03 |
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 3, 2020 | 0.18 |
The correlation between IGHG and CCRV shifts across timeframes, from 0.03 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGHG vs. CCRV — Risk / Return Rank
IGHG
CCRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGHG | CCRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | — | — |
| Martin ratioReturn relative to average drawdown | 11.87 | — | — |
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Drawdowns
IGHG vs. CCRV - Drawdown Comparison
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Drawdown Indicators
| IGHG | CCRV | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.21% | — | — |
Average DrawdownAverage peak-to-trough decline | -2.29% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | — | — |
Volatility
IGHG vs. CCRV - Volatility Comparison
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Volatility by Period
| IGHG | CCRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.45% | — | — |
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 5.12%, while CCRV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 5.12% | 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 0.03, 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 5.12%, 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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