IGHG vs. RSBY

Last updated Jul 12, 2026

IGHG (ProShares Investment Grade-Interest Rate Hedged) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while RSBY is a Multistrategy fund actively managed by Return Stacked. IGHG is passively managed, while RSBY is actively managed. Over the past year, IGHG returned 4.93% vs 17.35% for RSBY. At a correlation of -0.21, they often move in opposite directions. IGHG charges 0.30%/yr vs 0.98%/yr for RSBY.

Performance

IGHG vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Investment Grade-Interest Rate Hedged (IGHG) and Return Stacked Bonds & Futures Yield ETF (RSBY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGHG achieves a 2.09% return, which is significantly lower than RSBY's 18.52% return.

IGHG

• 1D: -0.16%
• 1M: -0.25%
• 6M: 1.88%
• YTD: 2.09%
• 1Y: 4.93%
• 3Y*: 7.75%
• 5Y*: 5.19%
• 10Y*: 4.75%

RSBY

• 1D: -0.60%
• 1M: -0.71%
• 6M: 17.92%
• YTD: 18.52%
• 1Y: 17.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGHG vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IGHG ProShares Investment Grade-Interest Rate Hedged	2.09%	5.65%	4.97%
RSBY Return Stacked Bonds & Futures Yield ETF	18.52%	-12.98%	-7.79%

Correlation

The correlation between IGHG and RSBY is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.26
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.21

Return for Risk

IGHG vs. RSBY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGHG

IGHG Risk / Return Rank: 62
IGHG Sharpe Ratio Rank: 55
IGHG Sortino Ratio Rank: 59
IGHG Omega Ratio Rank: 56
IGHG Calmar Ratio Rank: 71
IGHG Martin Ratio Rank: 70

RSBY

RSBY Risk / Return Rank: 51
RSBY Sharpe Ratio Rank: 55
RSBY Sortino Ratio Rank: 57
RSBY Omega Ratio Rank: 51
RSBY Calmar Ratio Rank: 54
RSBY Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGHG vs. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and Return Stacked Bonds & Futures Yield ETF (RSBY). 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	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.50	+0.01
Sortino ratio: Return per unit of downside risk	2.25	2.18	+0.06
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.89	2.15	+0.74
Martin ratio: Return relative to average drawdown	10.17	5.04	+5.14

IGHG vs. RSBY - Sharpe Ratio Comparison

The current IGHG Sharpe Ratio is 1.51, which is comparable to the RSBY Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of IGHG and RSBY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGHG vs. RSBY - Drawdown Comparison

The maximum IGHG drawdown since its inception was -25.16%, which is greater than RSBY's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for IGHG and RSBY.

Drawdown Indicators

	IGHG	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-25.16%	-23.32%	-1.84%
Max Drawdown (1Y) Largest decline over 1 year	-1.75%	-7.95%	+6.20%
Max Drawdown (3Y) Largest decline over 3 years	-3.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.16%	—	—
Current Drawdown Current decline from peak	-0.29%	-6.45%	+6.16%
Average Drawdown Average peak-to-trough decline	-2.28%	-13.35%	+11.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	3.39%	-2.89%

Volatility

IGHG vs. RSBY - Volatility Comparison

The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 0.59%, while Return Stacked Bonds & Futures Yield ETF (RSBY) has a volatility of 3.15%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than RSBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGHG	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	3.15%	-2.56%
Volatility (6M) Calculated over the trailing 6-month period	2.10%	8.37%	-6.27%
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	11.41%	-8.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	13.37%	-8.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.32%	13.37%	-6.05%

IGHG vs. RSBY - Expense Ratio Comparison

IGHG has a 0.30% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

IGHG vs. RSBY - Dividend Comparison

IGHG's dividend yield for the trailing twelve months is around 5.12%, more than RSBY's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGHG ProShares Investment Grade-Interest Rate Hedged	5.12%	5.14%	5.06%	4.99%	3.55%	2.50%	2.79%	3.48%	4.13%	3.36%	3.37%	3.65%
RSBY Return Stacked Bonds & Futures Yield ETF	1.75%	2.07%	2.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGHG and RSBY in my portfolio?

IGHG and RSBY have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGHG or RSBY?

RSBY has higher volatility (3.15%) compared to IGHG (0.59%). In terms of maximum drawdown, IGHG dropped -25.16% vs RSBY's -23.32%.

Which ETF is better, IGHG or RSBY?

On 1-year performance, RSBY leads with 17.35% vs 4.93% for IGHG. On fees, IGHG is cheaper at 0.30% per year. On volatility, IGHG has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGHG or RSBY?

Over the 1-year period, RSBY has performed better with a 17.35% return vs 4.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGHG or RSBY?

IGHG is cheaper with a 0.30% expense ratio, compared with 0.98% for RSBY.

Which ETF pays a higher dividend yield, IGHG or RSBY?

IGHG has the higher dividend yield at 5.12%, compared with 1.75% for RSBY.

What is the main difference between IGHG and RSBY?

IGHG is categorized as Corporate Bonds, while RSBY is Multistrategy. They also come from different issuers: ProShares and Return Stacked. Their fees differ too: 0.30% for IGHG and 0.98% for RSBY.

Which has better risk-adjusted returns?

IGHG currently has the higher Sharpe Ratio (1.51 vs 1.50), 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.