IGHG vs. SBIT
IGHG (ProShares Investment Grade-Interest Rate Hedged) and SBIT (Proshares Ultrashort Bitcoin ETF) are both exchange-traded funds - IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while SBIT is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index (-200%). Both are passively managed. Over the past year, IGHG returned 4.84% vs 98.77% for SBIT. Their -0.26 correlation means they have often moved in opposite directions in the past. IGHG charges 0.30%/yr vs 0.95%/yr for SBIT.
Performance
IGHG vs. SBIT - Performance Comparison
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Returns By Period
In the year-to-date period, IGHG achieves a 2.20% return, which is significantly lower than SBIT's 39.44% return.
IGHG
- 1D
- 0.17%
- 1M
- -0.05%
- 6M
- 1.60%
- YTD
- 2.20%
- 1Y
- 4.84%
- 3Y*
- 7.47%
- 5Y*
- 5.38%
- 10Y*
- 4.76%
- ALL TIME*
- 3.71%
SBIT
- 1D
- 5.60%
- 1M
- -6.04%
- 6M
- 32.41%
- YTD
- 39.44%
- 1Y
- 98.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.19M | $1.15M | $1.90M | |
| $29.57M | $32.71M | $46.48M |
IGHG vs. SBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.20% | 5.65% | 6.47% |
SBIT Proshares Ultrashort Bitcoin ETF | 39.44% | -25.11% | -73.74% |
Correlation
The correlation between IGHG and SBIT is -0.31, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | -0.26 |
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Return for Risk
IGHG vs. SBIT — Risk / Return Rank
IGHG
SBIT
IGHG vs. SBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and Proshares Ultrashort Bitcoin ETF (SBIT). 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 | SBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.35 | +0.31 |
| Martin ratioReturn relative to average drawdown | 9.17 | 5.19 | +3.99 |
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Drawdowns
IGHG vs. SBIT - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, smaller than the maximum SBIT drawdown of -91.35%. Use the drawdown chart below to compare losses from any high point for IGHG and SBIT.
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Drawdown Indicators
| IGHG | SBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -91.35% | +66.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -47.94% | +46.19% |
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 DrawdownCurrent decline from peak | -0.17% | -77.87% | +77.70% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -69.07% | +66.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 21.67% | -21.16% |
Volatility
IGHG vs. SBIT - Volatility Comparison
The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 0.58%, while Proshares Ultrashort Bitcoin ETF (SBIT) has a volatility of 18.09%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than SBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHG | SBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 18.09% | -17.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 67.10% | -65.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 88.65% | -85.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 96.10% | -91.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.31% | 96.10% | -88.79% |
IGHG vs. SBIT - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is lower than SBIT's 0.95% expense ratio.
Dividends
IGHG vs. SBIT - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.12%, more than SBIT's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 4.67% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
SBIT Proshares Ultrashort Bitcoin ETF | 4.03% | 0.52% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGHG and SBIT have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SBIT has higher volatility (18.09%) compared to IGHG (0.58%). In terms of maximum drawdown, IGHG dropped -25.16% vs SBIT's -91.35%.
On 1-year performance, SBIT leads with 98.77% vs 4.84% for IGHG. On fees, IGHG is cheaper at 0.30% per year. On volatility, IGHG has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SBIT has performed better with a 98.77% return vs 4.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGHG is cheaper with a 0.30% expense ratio, compared with 0.95% for SBIT.
IGHG has the higher dividend yield at 4.67%, compared with 4.03% for SBIT.
IGHG is categorized as Corporate Bonds, while SBIT is Cryptocurrency. IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while SBIT tracks Bloomberg Bitcoin Index (-200%). Their fees differ too: 0.30% for IGHG and 0.95% for SBIT.
IGHG currently has the higher Sharpe Ratio (1.40 vs 1.27), 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.
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