IGHG vs. SQQQ
IGHG (ProShares Investment Grade-Interest Rate Hedged) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 10 years, IGHG returned 4.84%/yr vs -56.24%/yr for SQQQ. At a correlation of -0.39, they often move in opposite directions. IGHG charges 0.30%/yr vs 0.95%/yr for SQQQ.
Performance
IGHG vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, IGHG achieves a 2.12% return, which is significantly higher than SQQQ's -40.31% return. Over the past 10 years, IGHG has outperformed SQQQ with an annualized return of 4.84%, while SQQQ has yielded a comparatively lower -56.24% annualized return.
IGHG
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 2.12%
- 6M
- 1.98%
- 1Y
- 5.86%
- 3Y*
- 8.33%
- 5Y*
- 5.15%
- 10Y*
- 4.84%
SQQQ
- 1D
- 9.83%
- 1M
- -2.27%
- YTD
- -40.31%
- 6M
- -37.80%
- 1Y
- -61.11%
- 3Y*
- -53.86%
- 5Y*
- -46.89%
- 10Y*
- -56.24%
IGHG vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.12% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 4.49% |
SQQQ ProShares UltraPro Short QQQ | -40.31% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Correlation
The correlation between IGHG and SQQQ is -0.47, 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 | -0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013 | -0.39 |
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Return for Risk
IGHG vs. SQQQ — Risk / Return Rank
IGHG
SQQQ
IGHG vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Investment Grade-Interest Rate Hedged (IGHG) and ProShares UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +4.69 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.78 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.96 | +4.33 |
| Martin ratioReturn relative to average drawdown | 11.87 | -1.81 | +13.68 |
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Drawdowns
IGHG vs. SQQQ - Drawdown Comparison
The maximum IGHG drawdown since its inception was -25.16%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for IGHG and SQQQ.
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Drawdown Indicators
| IGHG | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.16% | -100.00% | +74.84% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -63.52% | +61.77% |
Max Drawdown (3Y)Largest decline over 3 years | -3.74% | -92.51% | +88.77% |
Max Drawdown (5Y)Largest decline over 5 years | -8.75% | -97.27% | +88.52% |
Max Drawdown (10Y)Largest decline over 10 years | -25.16% | -99.98% | +74.82% |
Current DrawdownCurrent decline from peak | -0.21% | -100.00% | +99.79% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -92.73% | +90.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 36.37% | -35.87% |
Volatility
IGHG vs. SQQQ - Volatility Comparison
The current volatility for ProShares Investment Grade-Interest Rate Hedged (IGHG) is 0.58%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 26.69%. This indicates that IGHG experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGHG | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 26.69% | -26.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 43.33% | -40.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 53.65% | -50.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.02% | 67.53% | -62.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.45% | 66.47% | -59.02% |
IGHG vs. SQQQ - Expense Ratio Comparison
IGHG has a 0.30% expense ratio, which is lower than SQQQ's 0.95% expense ratio.
Dividends
IGHG vs. SQQQ - Dividend Comparison
IGHG's dividend yield for the trailing twelve months is around 5.12%, less than SQQQ's 11.44% 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% |
SQQQ ProShares UltraPro Short QQQ | 11.44% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% | 0.00% | 0.00% |
Frequently Asked Questions
IGHG and SQQQ have a correlation of -0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (26.69%) compared to IGHG (0.58%). In terms of maximum drawdown, IGHG dropped -25.16% vs SQQQ's -100.00%.
On 10-year performance, IGHG leads with 4.84% vs -56.24% for SQQQ. 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 10-year period, IGHG has performed better with a 4.84% return vs -56.24%. 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 SQQQ.
SQQQ has the higher dividend yield at 11.44%, compared with 5.12% for IGHG.
IGHG is categorized as Corporate Bonds, while SQQQ is Leveraged Equities. IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index, while SQQQ tracks NASDAQ-100 Index (-300%). Their fees differ too: 0.30% for IGHG and 0.95% for SQQQ.
IGHG currently has the higher Sharpe Ratio (1.73 vs -1.14), 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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