IGHG vs. HYXU

Last updated Jun 4, 2026

IGHG (ProShares Investment Grade-Interest Rate Hedged) and HYXU (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both exchange-traded funds - IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while HYXU is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. Both are passively managed. IGHG charges 0.30%/yr vs 0.35%/yr for HYXU.

Performance

IGHG vs. HYXU - Performance Comparison

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

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%

HYXU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGHG vs. HYXU - Yearly Performance Comparison

	2026 (YTD)
IGHG ProShares Investment Grade-Interest Rate Hedged	0.06%
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%

Return for Risk

IGHG vs. HYXU — Risk / Return Rank

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

IGHG

IGHG Risk / Return Rank: 56
IGHG Sharpe Ratio Rank: 48
IGHG Sortino Ratio Rank: 52
IGHG Omega Ratio Rank: 50
IGHG Calmar Ratio Rank: 66
IGHG Martin Ratio Rank: 64

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. HYXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU). 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	HYXU	Difference
Sharpe ratio: Return per unit of total volatility	1.68	—	—
Sortino ratio: Return per unit of downside risk	2.53	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.31	—	—
Martin ratio: Return 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.

Sharpe Ratios by Period

	IGHG	HYXU	Difference
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. HYXU - Drawdown Comparison

The maximum IGHG drawdown since its inception was -25.16%, which is greater than HYXU's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IGHG and HYXU.

Drawdown Indicators

	IGHG	HYXU	Difference
Max Drawdown Largest peak-to-trough decline	-25.16%	0.00%	-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%	0.00%	-0.11%
Average Drawdown Average peak-to-trough decline	-2.30%	0.00%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	—	—

Volatility

Volatility by Period

	IGHG	HYXU	Difference
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%	0.00%	+3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.02%	0.00%	+5.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.46%	0.00%	+7.46%

IGHG vs. HYXU - Expense Ratio Comparison

IGHG has a 0.30% expense ratio, which is lower than HYXU's 0.35% expense ratio.

Dividends

IGHG vs. HYXU - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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

Which ETF is better, IGHG or HYXU?

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.

Which ETF is cheaper, IGHG or HYXU?

IGHG is cheaper with a 0.30% expense ratio, compared with 0.35% for HYXU.

Which ETF pays a higher dividend yield, IGHG or HYXU?

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

What is the main difference between IGHG and HYXU?

IGHG is categorized as Corporate Bonds, while HYXU is High Yield Bonds. IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while HYXU tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.30% for IGHG and 0.35% for HYXU.