LQDH vs. IGHG
LQDH (iShares Interest Rate Hedged Corporate Bond ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds. LQDH is actively managed, while IGHG is passively managed. Over the past 10 years, LQDH returned 4.55%/yr vs 4.76%/yr for IGHG. Their 0.50 correlation means they have sometimes moved together and sometimes differently. LQDH charges 0.25%/yr vs 0.30%/yr for IGHG.
Performance
LQDH vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, LQDH achieves a 2.06% return, which is significantly lower than IGHG's 2.20% return. Both investments have delivered pretty close results over the past 10 years, with LQDH having a 4.55% annualized return and IGHG not far ahead at 4.76%.
LQDH
- 1D
- 0.12%
- 1M
- -0.31%
- 6M
- 1.45%
- YTD
- 2.06%
- 1Y
- 5.76%
- 3Y*
- 7.08%
- 5Y*
- 5.13%
- 10Y*
- 4.55%
- ALL TIME*
- 3.49%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.19M | $1.15M | $1.90M | |
| $6.25M | $5.35M | $3.78M |
LQDH vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.06% | 7.00% | 7.43% | 11.14% | -1.88% | 1.84% | 1.68% | 9.50% | -2.20% | 6.00% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.20% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 4.49% |
Correlation
The correlation between LQDH and IGHG is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2014 | 0.50 |
The correlation between LQDH and IGHG shifts across timeframes, from 0.50 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDH vs. IGHG — Risk / Return Rank
LQDH
IGHG
LQDH vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) 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.
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.
| LQDH | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.26 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.66 | -0.28 |
| Martin ratioReturn relative to average drawdown | 9.68 | 9.17 | +0.51 |
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Drawdowns
LQDH vs. IGHG - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, roughly equal to the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for LQDH and IGHG.
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Drawdown Indicators
| LQDH | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.63% | -25.16% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -1.75% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -3.74% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | -8.75% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -24.63% | -25.16% | +0.53% |
Current DrawdownCurrent decline from peak | -0.49% | -0.17% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -2.27% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 0.51% | +0.06% |
Volatility
LQDH vs. IGHG - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.50%, while ProShares Investment Grade-Interest Rate Hedged (IGHG) has a volatility of 0.58%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky than IGHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQDH | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.58% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 2.06% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 3.32% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.39% | 4.99% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 7.31% | -0.89% |
LQDH vs. IGHG - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
LQDH vs. IGHG - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 5.93%, more than IGHG's 5.12% 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% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 5.93% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
Frequently Asked Questions
LQDH and IGHG have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGHG has higher volatility (0.58%) compared to LQDH (0.50%). In terms of maximum drawdown, LQDH dropped -24.63% vs IGHG's -25.16%.
On 10-year performance, IGHG leads with 4.76% vs 4.55% for LQDH. On fees, LQDH is cheaper at 0.25% per year. Their volatility is very similar. 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 4.76% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDH is cheaper with a 0.25% expense ratio, compared with 0.30% for IGHG.
LQDH has the higher dividend yield at 5.93%, compared with 4.67% for IGHG.
They also come from different issuers: iShares and ProShares. Their fees differ too: 0.25% for LQDH and 0.30% for IGHG.
LQDH currently has the higher Sharpe Ratio (2.13 vs 1.40), 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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