IIGD vs. TTT
IIGD (Invesco Investment Grade Defensive ETF) and TTT (UltraPro Short 20+ Year Treasury) are both exchange-traded funds - IIGD is a Corporate Bonds fund tracking the Invesco Investment Grade Defensive Index, while TTT is a Leveraged Bonds fund tracking the Barclays Capital U.S. 20+ Year Treasury Index (-300%). Both are passively managed. Over the past 5 years, IIGD returned 1.64%/yr vs 22.85%/yr for TTT. At a correlation of -0.63, they often move in opposite directions. IIGD charges 0.13%/yr vs 0.95%/yr for TTT.
Performance
IIGD vs. TTT - Performance Comparison
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Returns By Period
In the year-to-date period, IIGD achieves a 0.47% return, which is significantly lower than TTT's 7.59% return.
IIGD
- 1D
- -0.03%
- 1M
- -0.01%
- 6M
- 0.39%
- YTD
- 0.47%
- 1Y
- 3.62%
- 3Y*
- 5.10%
- 5Y*
- 1.64%
- 10Y*
- —
TTT
- 1D
- 0.27%
- 1M
- 7.04%
- 6M
- 11.68%
- YTD
- 7.59%
- 1Y
- -2.74%
- 3Y*
- 10.58%
- 5Y*
- 22.85%
- 10Y*
- 0.59%
IIGD vs. TTT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IIGD Invesco Investment Grade Defensive ETF | 0.47% | 7.11% | 3.90% | 5.71% | -7.27% | -1.42% | 6.30% | 7.40% | 0.86% |
TTT UltraPro Short 20+ Year Treasury | 7.59% | -7.89% | 38.07% | -11.25% | 150.17% | 2.55% | -54.12% | -34.88% | -4.75% |
Correlation
The correlation between IIGD and TTT is -0.71, 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 | -0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | -0.63 |
The correlation between IIGD and TTT shifts across timeframes, from -0.75 (3 years) to -0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IIGD vs. TTT — Risk / Return Rank
IIGD
TTT
IIGD vs. TTT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Investment Grade Defensive ETF (IIGD) and UltraPro Short 20+ Year Treasury (TTT). 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.
| IIGD | TTT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.01 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.13 | +2.30 |
| Martin ratioReturn relative to average drawdown | 6.90 | -0.23 | +7.14 |
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Drawdowns
IIGD vs. TTT - Drawdown Comparison
The maximum IIGD drawdown since its inception was -11.43%, smaller than the maximum TTT drawdown of -94.00%. Use the drawdown chart below to compare losses from any high point for IIGD and TTT.
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Drawdown Indicators
| IIGD | TTT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.43% | -94.00% | +82.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.67% | -21.80% | +20.13% |
Max Drawdown (3Y)Largest decline over 3 years | -1.97% | -49.69% | +47.72% |
Max Drawdown (5Y)Largest decline over 5 years | -11.43% | -49.69% | +38.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.76% | — |
Current DrawdownCurrent decline from peak | -0.58% | -77.44% | +76.86% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -70.41% | +68.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 12.09% | -11.57% |
Volatility
IIGD vs. TTT - Volatility Comparison
The current volatility for Invesco Investment Grade Defensive ETF (IIGD) is 0.80%, while UltraPro Short 20+ Year Treasury (TTT) has a volatility of 7.56%. This indicates that IIGD experiences smaller price fluctuations and is considered to be less risky than TTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIGD | TTT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 7.56% | -6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 20.24% | -18.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.34% | 27.84% | -25.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 46.91% | -43.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.69% | 43.16% | -39.47% |
IIGD vs. TTT - Expense Ratio Comparison
IIGD has a 0.13% expense ratio, which is lower than TTT's 0.95% expense ratio.
Dividends
IIGD vs. TTT - Dividend Comparison
IIGD's dividend yield for the trailing twelve months is around 4.26%, less than TTT's 9.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IIGD Invesco Investment Grade Defensive ETF | 4.26% | 4.25% | 4.13% | 3.74% | 1.73% | 1.77% | 3.21% | 2.44% | 1.23% |
TTT UltraPro Short 20+ Year Treasury | 9.01% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% |
Frequently Asked Questions
IIGD and TTT have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTT has higher volatility (7.56%) compared to IIGD (0.80%). In terms of maximum drawdown, IIGD dropped -11.43% vs TTT's -94.00%.
On 5-year performance, TTT leads with 22.85% vs 1.64% for IIGD. On fees, IIGD is cheaper at 0.13% per year. On volatility, IIGD has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TTT has performed better with a 22.85% return vs 1.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IIGD is cheaper with a 0.13% expense ratio, compared with 0.95% for TTT.
TTT has the higher dividend yield at 9.01%, compared with 4.26% for IIGD.
IIGD is categorized as Corporate Bonds, while TTT is Leveraged Bonds. IIGD tracks Invesco Investment Grade Defensive Index, while TTT tracks Barclays Capital U.S. 20+ Year Treasury Index (-300%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.13% for IIGD and 0.95% for TTT.
IIGD currently has the higher Sharpe Ratio (1.56 vs -0.10), 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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