IGHG vs. FLSP
Compare and contrast key facts about ProShares Investment Grade-Interest Rate Hedged (IGHG) and Franklin Liberty Systematic Style Premia ETF (FLSP).
IGHG and FLSP 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. FLSP is an actively managed fund by Franklin Templeton. It was launched on Dec 18, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGHG or FLSP.
Correlation
The correlation between IGHG and FLSP is 0.18, 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.
Performance
IGHG vs. FLSP - Performance Comparison
Key characteristics
IGHG:
1.11
FLSP:
0.20
IGHG:
1.58
FLSP:
0.38
IGHG:
1.21
FLSP:
1.05
IGHG:
1.46
FLSP:
0.40
IGHG:
6.01
FLSP:
1.16
IGHG:
0.91%
FLSP:
2.29%
IGHG:
4.95%
FLSP:
13.42%
IGHG:
-25.16%
FLSP:
-22.75%
IGHG:
-1.24%
FLSP:
-1.92%
Returns By Period
In the year-to-date period, IGHG achieves a -0.43% return, which is significantly lower than FLSP's 1.07% return.
IGHG
-0.43%
0.04%
1.12%
5.29%
6.74%
3.78%
FLSP
1.07%
-1.20%
2.30%
3.60%
3.66%
N/A
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IGHG vs. FLSP - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is lower than FLSP's 0.65% expense ratio.
Risk-Adjusted Performance
IGHG vs. FLSP — Risk-Adjusted Performance Rank
IGHG
FLSP
IGHG vs. FLSP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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.
Dividends
IGHG vs. FLSP - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.20%, more than FLSP's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.20% | 5.06% | 5.00% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% | 3.59% |
FLSP Franklin Liberty Systematic Style Premia ETF | 1.17% | 1.18% | 1.19% | 2.18% | 1.20% | 8.08% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGHG vs. FLSP - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for IGHG and FLSP. For additional features, visit the drawdowns tool.
Volatility
IGHG vs. FLSP - Volatility Comparison
The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 2.33%, while Franklin Liberty Systematic Style Premia ETF (FLSP) has a volatility of 8.28%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.