IGHG vs. QAI
Compare and contrast key facts about ProShares Investment Grade-Interest Rate Hedged (IGHG) and IQ Hedge Multi-Strategy Tracker ETF (QAI).
IGHG and QAI 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. QAI is a passively managed fund by New York Life that tracks the performance of the IQ Hedge Multi-Strategy Index. It was launched on Mar 25, 2009. Both IGHG and QAI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGHG or QAI.
Correlation
The correlation between IGHG and QAI is 0.43, 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.
Performance
IGHG vs. QAI - Performance Comparison
Key characteristics
IGHG:
1.11
QAI:
0.57
IGHG:
1.58
QAI:
0.83
IGHG:
1.21
QAI:
1.12
IGHG:
1.46
QAI:
0.54
IGHG:
6.01
QAI:
2.36
IGHG:
0.91%
QAI:
1.77%
IGHG:
4.95%
QAI:
7.36%
IGHG:
-25.16%
QAI:
-14.95%
IGHG:
-1.24%
QAI:
-3.47%
Returns By Period
In the year-to-date period, IGHG achieves a -0.43% return, which is significantly higher than QAI's -0.83% return. Over the past 10 years, IGHG has outperformed QAI with an annualized return of 3.78%, while QAI has yielded a comparatively lower 1.84% annualized return.
IGHG
-0.43%
0.04%
1.12%
5.29%
6.74%
3.78%
QAI
-0.83%
-1.49%
-0.59%
3.79%
3.50%
1.84%
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IGHG vs. QAI - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is lower than QAI's 0.79% expense ratio.
Risk-Adjusted Performance
IGHG vs. QAI — Risk-Adjusted Performance Rank
IGHG
QAI
IGHG vs. QAI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and IQ Hedge Multi-Strategy Tracker ETF (QAI). 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. QAI - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.20%, more than QAI's 2.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.20% | 5.06% | 5.00% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% | 3.59% |
QAI IQ Hedge Multi-Strategy Tracker ETF | 2.24% | 2.23% | 4.08% | 2.00% | 0.28% | 1.98% | 1.91% | 1.90% | 0.00% | 0.00% | 0.48% | 1.34% |
Drawdowns
IGHG vs. QAI - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, which is greater than QAI's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for IGHG and QAI. For additional features, visit the drawdowns tool.
Volatility
IGHG vs. QAI - Volatility Comparison
The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 2.33%, while IQ Hedge Multi-Strategy Tracker ETF (QAI) has a volatility of 5.24%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than QAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.