IGHG vs. LQDH
Compare and contrast key facts about ProShares Investment Grade-Interest Rate Hedged (IGHG) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH).
IGHG and LQDH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGHG is a passively managed fund by ProShares that tracks the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. It was launched on Nov 5, 2013. LQDH is an actively managed fund by iShares. It was launched on May 27, 2014.
Performance
IGHG vs. LQDH - Performance Comparison
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IGHG vs. LQDH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | -0.14% | 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 | -0.16% | 7.00% | 7.43% | 11.14% | -1.88% | 1.84% | 1.68% | 9.50% | -2.20% | 6.00% |
Returns By Period
In the year-to-date period, IGHG achieves a -0.14% return, which is significantly higher than LQDH's -0.16% return. Both investments have delivered pretty close results over the past 10 years, with IGHG having a 4.67% annualized return and LQDH not far behind at 4.52%.
IGHG
- 1D
- 0.59%
- 1M
- 0.46%
- YTD
- -0.14%
- 6M
- 0.80%
- 1Y
- 6.35%
- 3Y*
- 8.08%
- 5Y*
- 4.75%
- 10Y*
- 4.67%
LQDH
- 1D
- 0.56%
- 1M
- 0.29%
- YTD
- -0.16%
- 6M
- 1.60%
- 1Y
- 6.38%
- 3Y*
- 7.61%
- 5Y*
- 4.67%
- 10Y*
- 4.52%
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IGHG vs. LQDH - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is higher than LQDH's 0.25% expense ratio.
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.
| IGHG | LQDH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.56 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.22 | 2.27 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.63 | +1.05 |
Martin ratioReturn relative to average drawdown | 10.52 | 8.22 | +2.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGHG | LQDH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.56 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 1.06 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.70 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.55 | -0.04 |
Correlation
The correlation between IGHG and LQDH is 0.50, 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.
Dividends
IGHG vs. LQDH - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.18%, less than LQDH's 6.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.18% | 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 | 6.13% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
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 | -2.30% | -3.85% | +1.55% |
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 | -1.00% | -1.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -1.70% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.76% | -0.18% |
Volatility
IGHG vs. LQDH - Volatility Comparison
The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 1.20%, while iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has a volatility of 1.51%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky 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 | 1.20% | 1.51% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.22% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 4.10% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 4.43% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.48% | 6.45% | +1.03% |