IGHG vs. SCHJ
IGHG (ProShares Investment Grade-Interest Rate Hedged) and SCHJ (Schwab 1-5 Year Corporate Bond ETF) are both exchange-traded funds - IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while SCHJ is a Short-Term Bond fund tracking the Bloomberg US 1-5 Year Corporate Bond Index. Both are passively managed. Over the past 5 years, IGHG returned 5.41%/yr vs 2.32%/yr for SCHJ. Their 0.10 correlation means their historical movements had little consistent relationship. IGHG charges 0.30%/yr vs 0.03%/yr for SCHJ.
Performance
IGHG vs. SCHJ - Performance Comparison
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Returns By Period
In the year-to-date period, IGHG achieves a 2.31% return, which is significantly higher than SCHJ's 0.85% return.
IGHG
- 1D
- 0.10%
- 1M
- 0.05%
- 6M
- 1.42%
- YTD
- 2.31%
- 1Y
- 4.95%
- 3Y*
- 7.47%
- 5Y*
- 5.41%
- 10Y*
- 4.74%
- ALL TIME*
- 3.72%
SCHJ
- 1D
- 0.10%
- 1M
- -0.18%
- 6M
- 0.56%
- YTD
- 0.85%
- 1Y
- 3.10%
- 3Y*
- 5.41%
- 5Y*
- 2.32%
- 10Y*
- —
- ALL TIME*
- 2.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.16M | $1.17M | $1.91M | |
| $5.83M | $7.78M | $6.51M |
IGHG vs. SCHJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.31% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 5.66% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.85% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
Correlation
The correlation between IGHG and SCHJ is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.10 |
The correlation between IGHG and SCHJ shifts across timeframes, from 0.01 (3 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGHG vs. SCHJ — Risk / Return Rank
IGHG
SCHJ
IGHG vs. SCHJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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 | SCHJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.11 | +0.73 |
| Martin ratioReturn relative to average drawdown | 9.78 | 7.94 | +1.84 |
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Drawdowns
IGHG vs. SCHJ - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, which is greater than SCHJ's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for IGHG and SCHJ.
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Drawdown Indicators
| IGHG | SCHJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -13.62% | -11.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -1.47% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.74% | -1.47% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -8.75% | -9.35% | +0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -25.16% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.22% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -1.84% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 0.39% | +0.12% |
Volatility
IGHG vs. SCHJ - Volatility Comparison
ProShares Investment Grade-Interest Rate Hedged (IGHG) has a higher volatility of 0.59% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.51%. This indicates that IGHG's price experiences larger fluctuations and is considered to be riskier than SCHJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHG | SCHJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.51% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 1.53% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 1.86% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.99% | 2.96% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.30% | 4.10% | +3.20% |
IGHG vs. SCHJ - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is higher than SCHJ's 0.03% expense ratio.
Dividends
IGHG vs. SCHJ - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.11%, more than SCHJ's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.11% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.53% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGHG and SCHJ have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGHG has higher volatility (0.59%) compared to SCHJ (0.51%). In terms of maximum drawdown, IGHG dropped -25.16% vs SCHJ's -13.62%.
On 5-year performance, IGHG leads with 5.41% vs 2.32% for SCHJ. On fees, SCHJ is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGHG has performed better with a 5.41% return vs 2.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHJ is cheaper with a 0.03% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 5.11%, compared with 4.53% for SCHJ.
IGHG is categorized as Corporate Bonds, while SCHJ is Short-Term Bond. IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while SCHJ tracks Bloomberg US 1-5 Year Corporate Bond Index. They also come from different issuers: ProShares and Charles Schwab. Their fees differ too: 0.30% for IGHG and 0.03% for SCHJ.
SCHJ currently has the higher Sharpe Ratio (1.68 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.
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