IGHG vs. IQQQ

Last updated Jul 15, 2026

IGHG (ProShares Investment Grade-Interest Rate Hedged) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, IGHG returned 4.71% vs 26.85% for IQQQ. At a 0.40 correlation, their price movements are largely independent. IGHG charges 0.30%/yr vs 0.55%/yr for IQQQ.

Performance

IGHG vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Investment Grade-Interest Rate Hedged (IGHG) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGHG achieves a 1.95% return, which is significantly lower than IQQQ's 14.90% return.

IGHG

• 1D: 0.07%
• 1M: -0.38%
• 6M: 1.62%
• YTD: 1.95%
• 1Y: 4.71%
• 3Y*: 7.85%
• 5Y*: 5.33%
• 10Y*: 4.69%

IQQQ

• 1D: 1.08%
• 1M: -0.58%
• 6M: 12.88%
• YTD: 14.90%
• 1Y: 26.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGHG vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IGHG ProShares Investment Grade-Interest Rate Hedged	1.95%	5.65%	6.50%
IQQQ ProShares Nasdaq-100 High Income ETF	14.90%	17.11%	14.82%

Correlation

The correlation between IGHG and IQQQ is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.40

Return for Risk

IGHG vs. IQQQ — Risk / Return Rank

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

IGHG

IGHG Risk / Return Rank: 58
IGHG Sharpe Ratio Rank: 51
IGHG Sortino Ratio Rank: 54
IGHG Omega Ratio Rank: 51
IGHG Calmar Ratio Rank: 68
IGHG Martin Ratio Rank: 67

IQQQ

IQQQ Risk / Return Rank: 56
IQQQ Sharpe Ratio Rank: 56
IQQQ Sortino Ratio Rank: 52
IQQQ Omega Ratio Rank: 52
IQQQ Calmar Ratio Rank: 61
IQQQ Martin Ratio Rank: 58

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. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.53	-0.12
Sortino ratio: Return per unit of downside risk	2.10	2.04	+0.06
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	2.70	2.42	+0.28
Martin ratio: Return relative to average drawdown	9.50	7.99	+1.51

IGHG vs. IQQQ - Sharpe Ratio Comparison

The current IGHG Sharpe Ratio is 1.41, which is comparable to the IQQQ Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of IGHG and IQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGHG vs. IQQQ - Drawdown Comparison

The maximum IGHG drawdown since its inception was -25.16%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for IGHG and IQQQ.

Drawdown Indicators

	IGHG	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-25.16%	-20.41%	-4.75%
Max Drawdown (1Y) Largest decline over 1 year	-1.75%	-11.13%	+9.38%
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	-0.42%	-3.51%	+3.09%
Average Drawdown Average peak-to-trough decline	-2.28%	-3.63%	+1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	3.37%	-2.87%

Volatility

IGHG vs. IQQQ - Volatility Comparison

The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 0.62%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 7.33%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGHG	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	7.33%	-6.71%
Volatility (6M) Calculated over the trailing 6-month period	2.11%	14.35%	-12.24%
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	17.61%	-14.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	19.15%	-14.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.32%	19.15%	-11.83%

IGHG vs. IQQQ - Expense Ratio Comparison

IGHG has a 0.30% expense ratio, which is lower than IQQQ's 0.55% expense ratio.

Dividends

IGHG vs. IQQQ - Dividend Comparison

IGHG's dividend yield for the trailing twelve months is around 5.13%, less than IQQQ's 5.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGHG ProShares Investment Grade-Interest Rate Hedged	5.13%	5.14%	5.06%	4.99%	3.55%	2.50%	2.79%	3.48%	4.13%	3.36%	3.37%	3.65%
IQQQ ProShares Nasdaq-100 High Income ETF	5.20%	10.34%	7.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGHG and IQQQ in my portfolio?

IGHG and IQQQ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGHG or IQQQ?

IQQQ has higher volatility (7.33%) compared to IGHG (0.62%). In terms of maximum drawdown, IGHG dropped -25.16% vs IQQQ's -20.41%.

Which ETF is better, IGHG or IQQQ?

On 1-year performance, IQQQ leads with 26.85% vs 4.71% for IGHG. On fees, IGHG is cheaper at 0.30% per year. On volatility, IGHG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGHG or IQQQ?

Over the 1-year period, IQQQ has performed better with a 26.85% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGHG or IQQQ?

IGHG is cheaper with a 0.30% expense ratio, compared with 0.55% for IQQQ.

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

IQQQ has the higher dividend yield at 5.20%, compared with 5.13% for IGHG.

What is the main difference between IGHG and IQQQ?

IGHG is categorized as Corporate Bonds, while IQQQ is Nasdaq-100. IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.30% for IGHG and 0.55% for IQQQ.

Which has better risk-adjusted returns?

IQQQ currently has the higher Sharpe Ratio (1.53 vs 1.41), 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.