IGHG vs. OPER
Compare and contrast key facts about ProShares Investment Grade-Interest Rate Hedged (IGHG) and ClearShares Ultra-Short Maturity ETF (OPER).
IGHG and OPER 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. OPER is an actively managed fund by ClearShares LLC. It was launched on Jul 11, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGHG or OPER.
Key characteristics
| IGHG | OPER | |
|---|---|---|
| YTD Return | 8.40% | 4.67% |
| 1Y Return | 11.09% | 5.40% |
| 3Y Return (Ann) | 5.97% | 3.85% |
| 5Y Return (Ann) | 4.56% | 2.54% |
| Sharpe Ratio | 2.69 | 13.64 |
| Sortino Ratio | 3.84 | 35.12 |
| Omega Ratio | 1.55 | 10.80 |
| Calmar Ratio | 4.29 | 47.59 |
| Martin Ratio | 20.66 | 557.56 |
| Ulcer Index | 0.55% | 0.01% |
| Daily Std Dev | 4.20% | 0.40% |
| Max Drawdown | -25.16% | -2.33% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IGHG and OPER is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IGHG vs. OPER - Performance Comparison
In the year-to-date period, IGHG achieves a 8.40% return, which is significantly higher than OPER's 4.67% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGHG vs. OPER - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is higher than OPER's 0.20% expense ratio.
Risk-Adjusted Performance
IGHG vs. OPER - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and ClearShares Ultra-Short Maturity ETF (OPER). 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.
Dividends
IGHG vs. OPER - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.07%, less than OPER's 5.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.07% | 4.99% | 3.55% | 2.50% | 2.78% | 3.48% | 4.13% | 3.36% | 3.37% | 3.64% | 3.59% | 0.55% |
OPER ClearShares Ultra-Short Maturity ETF | 5.36% | 5.03% | 1.71% | 0.36% | 0.64% | 2.08% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGHG vs. OPER - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, which is greater than OPER's maximum drawdown of -2.33%. Use the drawdown chart below to compare losses from any high point for IGHG and OPER. For additional features, visit the drawdowns tool.
Volatility
IGHG vs. OPER - Volatility Comparison
ProShares Investment Grade-Interest Rate Hedged (IGHG) has a higher volatility of 1.87% compared to ClearShares Ultra-Short Maturity ETF (OPER) at 0.08%. This indicates that IGHG's price experiences larger fluctuations and is considered to be riskier than OPER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.