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IGHG vs. HYHG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IGHG and HYHG is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.4

Performance

IGHG vs. HYHG - Performance Comparison

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

45.00%50.00%55.00%60.00%NovemberDecember2025FebruaryMarchApril
46.62%
53.29%
IGHG
HYHG

Key characteristics

Sharpe Ratio

IGHG:

1.11

HYHG:

0.73

Sortino Ratio

IGHG:

1.58

HYHG:

1.08

Omega Ratio

IGHG:

1.21

HYHG:

1.18

Calmar Ratio

IGHG:

1.46

HYHG:

0.82

Martin Ratio

IGHG:

6.00

HYHG:

3.53

Ulcer Index

IGHG:

0.91%

HYHG:

1.73%

Daily Std Dev

IGHG:

4.95%

HYHG:

8.34%

Max Drawdown

IGHG:

-25.16%

HYHG:

-25.71%

Current Drawdown

IGHG:

-1.25%

HYHG:

-3.78%

Returns By Period

In the year-to-date period, IGHG achieves a -0.44% return, which is significantly higher than HYHG's -1.15% return. Over the past 10 years, IGHG has underperformed HYHG with an annualized return of 3.73%, while HYHG has yielded a comparatively higher 4.40% annualized return.


IGHG

YTD

-0.44%

1M

-0.07%

6M

1.12%

1Y

5.38%

5Y*

6.67%

10Y*

3.73%

HYHG

YTD

-1.15%

1M

-0.90%

6M

1.14%

1Y

6.16%

5Y*

8.58%

10Y*

4.40%

*Annualized

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IGHG vs. HYHG - Expense Ratio Comparison

IGHG has a 0.30% expense ratio, which is lower than HYHG's 0.50% expense ratio.


Expense ratio chart for HYHG: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYHG: 0.50%
Expense ratio chart for IGHG: current value is 0.30%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IGHG: 0.30%

Risk-Adjusted Performance

IGHG vs. HYHG — Risk-Adjusted Performance Rank

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

IGHG
The Risk-Adjusted Performance Rank of IGHG is 8484
Overall Rank
The Sharpe Ratio Rank of IGHG is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of IGHG is 8282
Sortino Ratio Rank
The Omega Ratio Rank of IGHG is 8181
Omega Ratio Rank
The Calmar Ratio Rank of IGHG is 8989
Calmar Ratio Rank
The Martin Ratio Rank of IGHG is 8787
Martin Ratio Rank

HYHG
The Risk-Adjusted Performance Rank of HYHG is 7474
Overall Rank
The Sharpe Ratio Rank of HYHG is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of HYHG is 6969
Sortino Ratio Rank
The Omega Ratio Rank of HYHG is 7676
Omega Ratio Rank
The Calmar Ratio Rank of HYHG is 7878
Calmar Ratio Rank
The Martin Ratio Rank of HYHG is 7777
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IGHG vs. HYHG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and ProShares High Yield-Interest Rate Hedged (HYHG). 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.


The chart of Sharpe ratio for IGHG, currently valued at 1.11, compared to the broader market-1.000.001.002.003.004.005.00
IGHG: 1.11
HYHG: 0.73
The chart of Sortino ratio for IGHG, currently valued at 1.58, compared to the broader market-2.000.002.004.006.008.00
IGHG: 1.58
HYHG: 1.08
The chart of Omega ratio for IGHG, currently valued at 1.21, compared to the broader market0.501.001.502.002.50
IGHG: 1.21
HYHG: 1.18
The chart of Calmar ratio for IGHG, currently valued at 1.46, compared to the broader market0.002.004.006.008.0010.0012.00
IGHG: 1.46
HYHG: 0.82
The chart of Martin ratio for IGHG, currently valued at 6.00, compared to the broader market0.0020.0040.0060.00
IGHG: 6.00
HYHG: 3.53

The current IGHG Sharpe Ratio is 1.11, which is higher than the HYHG Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of IGHG and HYHG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
1.11
0.73
IGHG
HYHG

Dividends

IGHG vs. HYHG - Dividend Comparison

IGHG's dividend yield for the trailing twelve months is around 5.20%, less than HYHG's 6.89% yield.


TTM20242023202220212020201920182017201620152014
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%
HYHG
ProShares High Yield-Interest Rate Hedged
6.89%6.57%6.07%5.58%4.54%5.21%6.06%6.45%5.57%5.37%6.37%5.51%

Drawdowns

IGHG vs. HYHG - Drawdown Comparison

The maximum IGHG drawdown since its inception was -25.16%, roughly equal to the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for IGHG and HYHG. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.25%
-3.78%
IGHG
HYHG

Volatility

IGHG vs. HYHG - Volatility Comparison

The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 2.33%, while ProShares High Yield-Interest Rate Hedged (HYHG) has a volatility of 5.94%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than HYHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
2.33%
5.94%
IGHG
HYHG