IGHG vs. IBIF
IGHG (ProShares Investment Grade-Interest Rate Hedged) and IBIF (iShares iBonds Oct 2029 Term TIPS ETF) are both exchange-traded funds - IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while IBIF is a Inflation-Protected Bonds fund tracking the ICE 2029 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, IGHG returned 4.95% vs 2.68% for IBIF. Their -0.14 correlation means they have often moved in opposite directions in the past. IGHG charges 0.30%/yr vs 0.10%/yr for IBIF.
Performance
IGHG vs. IBIF - Performance Comparison
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Returns By Period
In the year-to-date period, IGHG achieves a 2.31% return, which is significantly higher than IBIF's 1.60% return.
IGHG
- 1D
- 0.10%
- 1M
- 0.05%
- 6M
- 1.42%
- YTD
- 2.31%
- 1Y
- 4.95%
- 3Y*
- 7.47%
- 5Y*
- 5.41%
- 10Y*
- 4.74%
- ALL TIME*
- 3.72%
IBIF
- 1D
- 0.10%
- 1M
- 0.23%
- 6M
- 1.12%
- YTD
- 1.60%
- 1Y
- 2.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $509.74K | $482.79K | $475.36K | |
| $1.16M | $1.17M | $1.91M |
IGHG vs. IBIF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.31% | 5.65% | 9.20% | 3.77% |
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 1.60% | 7.27% | 3.11% | 3.95% |
Correlation
The correlation between IGHG and IBIF is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | -0.14 |
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Return for Risk
IGHG vs. IBIF — Risk / Return Rank
IGHG
IBIF
IGHG vs. IBIF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and iShares iBonds Oct 2029 Term TIPS ETF (IBIF). 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 | IBIF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.84 | 0.00 |
| Martin ratioReturn relative to average drawdown | 9.78 | 7.47 | +2.31 |
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Drawdowns
IGHG vs. IBIF - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, which is greater than IBIF's maximum drawdown of -2.50%. Use the drawdown chart below to compare losses from any high point for IGHG and IBIF.
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Drawdown Indicators
| IGHG | IBIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -2.50% | -22.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -0.95% | -0.80% |
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 | -0.07% | -0.41% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -0.55% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.36% | +0.15% |
Volatility
IGHG vs. IBIF - Volatility Comparison
ProShares Investment Grade-Interest Rate Hedged (IGHG) has a higher volatility of 0.59% compared to iShares iBonds Oct 2029 Term TIPS ETF (IBIF) at 0.48%. This indicates that IGHG's price experiences larger fluctuations and is considered to be riskier than IBIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHG | IBIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.48% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 1.47% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 1.96% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 3.48% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.30% | 3.48% | +3.82% |
IGHG vs. IBIF - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is higher than IBIF's 0.10% expense ratio.
Dividends
IGHG vs. IBIF - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.11%, more than IBIF's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIF iShares iBonds Oct 2029 Term TIPS ETF | 4.93% | 4.51% | 4.05% | 0.96% | 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
IGHG and IBIF have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGHG has higher volatility (0.59%) compared to IBIF (0.48%). In terms of maximum drawdown, IGHG dropped -25.16% vs IBIF's -2.50%.
On 1-year performance, IGHG leads with 4.95% vs 2.68% for IBIF. On fees, IBIF is cheaper at 0.10% per year. On volatility, IBIF has been the lower-risk option at 0.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGHG has performed better with a 4.95% return vs 2.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIF is cheaper with a 0.10% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 5.11%, compared with 4.93% for IBIF.
IGHG is categorized as Corporate Bonds, while IBIF is Inflation-Protected Bonds. IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while IBIF tracks ICE 2029 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.30% for IGHG and 0.10% for IBIF.
IGHG currently has the higher Sharpe Ratio (1.50 vs 1.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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