INVG vs. IGHG
INVG (GMO Systematic Investment Grade Credit ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds. INVG is actively managed, while IGHG is passively managed. At a 0.17 correlation, their price movements are largely independent. INVG charges 0.25%/yr vs 0.30%/yr for IGHG.
Performance
INVG vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, INVG achieves a 0.68% return, which is significantly lower than IGHG's 2.17% return.
INVG
- 1D
- -0.23%
- 1M
- 0.73%
- YTD
- 0.68%
- 6M
- 0.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGHG
- 1D
- 0.05%
- 1M
- 0.76%
- YTD
- 2.17%
- 6M
- 2.54%
- 1Y
- 5.77%
- 3Y*
- 8.57%
- 5Y*
- 5.24%
- 10Y*
- 4.72%
INVG vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INVG GMO Systematic Investment Grade Credit ETF | 0.68% | 4.69% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.17% | 3.67% |
Correlation
The correlation between INVG and IGHG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.17 |
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Return for Risk
INVG vs. IGHG — Risk / Return Rank
INVG
IGHG
INVG vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Systematic Investment Grade Credit ETF (INVG) and ProShares Investment Grade-Interest Rate Hedged (IGHG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| INVG | IGHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.68 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.23 | 0.54 | +0.70 |
Drawdowns
INVG vs. IGHG - Drawdown Comparison
The maximum INVG drawdown since its inception was -3.15%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for INVG and IGHG.
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Drawdown Indicators
| INVG | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.15% | -25.16% | +22.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.75% | — |
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 | -0.88% | -0.11% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -2.30% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.50% | — |
Volatility
INVG vs. IGHG - Volatility Comparison
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Volatility by Period
| INVG | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 3.44% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 5.02% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 7.46% | -3.04% |
INVG vs. IGHG - Expense Ratio Comparison
INVG has a 0.25% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
INVG vs. IGHG - Dividend Comparison
INVG's dividend yield for the trailing twelve months is around 4.68%, less than IGHG's 5.11% 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% |
INVG GMO Systematic Investment Grade Credit ETF | 4.68% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INVG and IGHG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INVG is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INVG is cheaper with a 0.25% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 5.11%, compared with 4.68% for INVG.
They also come from different issuers: GMO and ProShares. Their fees differ too: 0.25% for INVG and 0.30% for IGHG.
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