IGHG vs. LQDH
IGHG (ProShares Investment Grade-Interest Rate Hedged) and LQDH (iShares Interest Rate Hedged Corporate Bond ETF) are both Corporate Bonds funds. IGHG is passively managed, while LQDH is actively managed. Over the past 10 years, IGHG returned 4.76%/yr vs 4.55%/yr for LQDH. Their 0.50 correlation means they have sometimes moved together and sometimes differently. IGHG charges 0.30%/yr vs 0.25%/yr for LQDH.
Performance
IGHG vs. LQDH - Performance Comparison
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Returns By Period
In the year-to-date period, IGHG achieves a 2.20% return, which is significantly higher than LQDH's 2.06% return. Both investments have delivered pretty close results over the past 10 years, with IGHG having a 4.76% annualized return and LQDH not far behind at 4.55%.
IGHG
- 1D
- 0.17%
- 1M
- -0.05%
- 6M
- 1.60%
- YTD
- 2.20%
- 1Y
- 4.84%
- 3Y*
- 7.47%
- 5Y*
- 5.38%
- 10Y*
- 4.76%
- ALL TIME*
- 3.71%
LQDH
- 1D
- 0.12%
- 1M
- -0.31%
- 6M
- 1.45%
- YTD
- 2.06%
- 1Y
- 5.76%
- 3Y*
- 7.08%
- 5Y*
- 5.13%
- 10Y*
- 4.55%
- ALL TIME*
- 3.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.19M | $1.15M | $1.90M | |
| $6.25M | $5.35M | $3.78M |
IGHG vs. LQDH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.20% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 4.49% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.06% | 7.00% | 7.43% | 11.14% | -1.88% | 1.84% | 1.68% | 9.50% | -2.20% | 6.00% |
Correlation
The correlation between IGHG and LQDH is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2014 | 0.50 |
The correlation between IGHG and LQDH shifts across timeframes, from 0.50 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGHG vs. LQDH — Risk / Return Rank
IGHG
LQDH
IGHG vs. LQDH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). 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 | LQDH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.42 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.37 | +0.28 |
| Martin ratioReturn relative to average drawdown | 9.17 | 9.68 | -0.51 |
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Drawdowns
IGHG vs. LQDH - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, roughly equal to the maximum LQDH drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for IGHG and LQDH.
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Drawdown Indicators
| IGHG | LQDH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -24.63% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -2.34% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -3.74% | -4.86% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -8.75% | -7.08% | -1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -25.16% | -24.63% | -0.53% |
Current DrawdownCurrent decline from peak | -0.17% | -0.49% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -1.66% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.57% | -0.06% |
Volatility
IGHG vs. LQDH - Volatility Comparison
ProShares Investment Grade-Interest Rate Hedged (IGHG) has a higher volatility of 0.58% compared to iShares Interest Rate Hedged Corporate Bond ETF (LQDH) at 0.50%. This indicates that IGHG's price experiences larger fluctuations and is considered to be riskier than LQDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHG | LQDH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.50% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 1.98% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 2.61% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 4.39% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.31% | 6.42% | +0.89% |
IGHG vs. LQDH - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is higher than LQDH's 0.25% expense ratio.
Dividends
IGHG vs. LQDH - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.12%, less than LQDH's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 4.67% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 5.93% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
Frequently Asked Questions
IGHG and LQDH have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGHG has higher volatility (0.58%) compared to LQDH (0.50%). In terms of maximum drawdown, IGHG dropped -25.16% vs LQDH's -24.63%.
On 10-year performance, IGHG leads with 4.76% vs 4.55% for LQDH. On fees, LQDH is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGHG has performed better with a 4.76% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDH is cheaper with a 0.25% expense ratio, compared with 0.30% for IGHG.
LQDH has the higher dividend yield at 5.93%, compared with 4.67% for IGHG.
They also come from different issuers: ProShares and iShares. Their fees differ too: 0.30% for IGHG and 0.25% for LQDH.
LQDH currently has the higher Sharpe Ratio (2.13 vs 1.40), 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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