IGHG vs. GLDB

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Investment Grade-Interest Rate Hedged (IGHG) and Strategy Shares Gold-Hedged Bond ETF (GLDB).

IGHG and GLDB 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. GLDB is a passively managed fund by Strategy Shares that tracks the performance of the Solactive Gold Backed Bond Index - Benchmark TR Gross. It was launched on May 17, 2021. Both IGHG and GLDB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IGHG vs. GLDB - Performance Comparison

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

IGHG vs. GLDB - Yearly Performance Comparison

	2026 (YTD)	2025
IGHG ProShares Investment Grade-Interest Rate Hedged	-0.14%	0.57%
GLDB Strategy Shares Gold-Hedged Bond ETF	-2.60%	-3.51%

Returns By Period

In the year-to-date period, IGHG achieves a -0.14% return, which is significantly higher than GLDB's -2.60% 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%

GLDB

• 1D: 3.72%
• 1M: -6.76%
• YTD: -2.60%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGHG vs. GLDB - Expense Ratio Comparison

IGHG has a 0.30% expense ratio, which is lower than GLDB's 0.79% expense ratio.

GLDB

Strategy Shares Gold-Hedged Bond ETF

IGHG

ProShares Investment Grade-Interest Rate Hedged

Return for Risk

IGHG vs. GLDB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGHG

IGHG Risk / Return Rank: 83
IGHG Sharpe Ratio Rank: 80
IGHG Sortino Ratio Rank: 85
IGHG Omega Ratio Rank: 77
IGHG Calmar Ratio Rank: 87
IGHG Martin Ratio Rank: 88

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. GLDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and Strategy Shares Gold-Hedged Bond ETF (GLDB). 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	GLDB	Difference
Sharpe ratio Return per unit of total volatility	1.48	—	—
Sortino ratio Return per unit of downside risk	2.22	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	2.67	—	—
Martin ratio Return relative to average drawdown	10.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IGHG	GLDB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	-0.31	+0.82

Correlation

The correlation between IGHG and GLDB is 0.16, 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. GLDB - Dividend Comparison

IGHG's dividend yield for the trailing twelve months is around 5.18%, more than GLDB's 0.20% 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%
GLDB Strategy Shares Gold-Hedged Bond ETF	0.20%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IGHG vs. GLDB - Drawdown Comparison

The maximum IGHG drawdown since its inception was -25.16%, smaller than the maximum GLDB drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for IGHG and GLDB.

Drawdown Indicators

	IGHG	GLDB	Difference
Max Drawdown Largest peak-to-trough decline	-25.16%	-27.36%	+2.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.30%	—	—
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	-1.00%	-22.48%	+21.48%
Average Drawdown Average peak-to-trough decline	-2.33%	-10.62%	+8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	—	—

Volatility

Volatility by Period

	IGHG	GLDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	44.68%	-40.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.06%	44.68%	-39.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.48%	44.68%	-37.20%