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IGHG vs. OPER
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


IGHGOPER
YTD Return8.40%4.61%
1Y Return11.27%5.41%
3Y Return (Ann)5.83%3.84%
5Y Return (Ann)4.56%2.53%
Sharpe Ratio2.7113.57
Sortino Ratio3.8834.86
Omega Ratio1.5610.73
Calmar Ratio4.3347.23
Martin Ratio20.88553.37
Ulcer Index0.55%0.01%
Daily Std Dev4.20%0.40%
Max Drawdown-25.16%-2.33%
Current Drawdown0.00%0.00%

Correlation

-0.50.00.51.00.0

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 4.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%-1.00%0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
4.64%
2.59%
IGHG
OPER

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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.


IGHG
ProShares Investment Grade-Interest Rate Hedged
Expense ratio chart for IGHG: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%
Expense ratio chart for OPER: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

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.


IGHG
Sharpe ratio
The chart of Sharpe ratio for IGHG, currently valued at 2.71, compared to the broader market-2.000.002.004.006.002.71
Sortino ratio
The chart of Sortino ratio for IGHG, currently valued at 3.88, compared to the broader market-2.000.002.004.006.008.0010.0012.003.88
Omega ratio
The chart of Omega ratio for IGHG, currently valued at 1.56, compared to the broader market1.001.502.002.503.001.56
Calmar ratio
The chart of Calmar ratio for IGHG, currently valued at 4.33, compared to the broader market0.005.0010.0015.004.33
Martin ratio
The chart of Martin ratio for IGHG, currently valued at 20.88, compared to the broader market0.0020.0040.0060.0080.00100.00120.0020.88
OPER
Sharpe ratio
The chart of Sharpe ratio for OPER, currently valued at 13.57, compared to the broader market-2.000.002.004.006.0013.57
Sortino ratio
The chart of Sortino ratio for OPER, currently valued at 34.86, compared to the broader market-2.000.002.004.006.008.0010.0012.0034.86
Omega ratio
The chart of Omega ratio for OPER, currently valued at 10.73, compared to the broader market1.001.502.002.503.0010.73
Calmar ratio
The chart of Calmar ratio for OPER, currently valued at 47.23, compared to the broader market0.005.0010.0015.0047.23
Martin ratio
The chart of Martin ratio for OPER, currently valued at 553.37, compared to the broader market0.0020.0040.0060.0080.00100.00120.00553.37

IGHG vs. OPER - Sharpe Ratio Comparison

The current IGHG Sharpe Ratio is 2.71, which is lower than the OPER Sharpe Ratio of 13.57. The chart below compares the historical Sharpe Ratios of IGHG and OPER, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.004.006.008.0010.0012.0014.00JuneJulyAugustSeptemberOctoberNovember
2.71
13.57
IGHG
OPER

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.


TTM20232022202120202019201820172016201520142013
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.


-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember00
IGHG
OPER

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.


0.00%0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.87%
0.08%
IGHG
OPER