LQDH vs. IGHG
Compare and contrast key facts about iShares Interest Rate Hedged Corporate Bond ETF (LQDH) and ProShares Investment Grade-Interest Rate Hedged (IGHG).
LQDH and IGHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQDH is an actively managed fund by iShares. It was launched on May 27, 2014. IGHG is a passively managed fund by ProShares that tracks the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. It was launched on Nov 5, 2013.
Performance
LQDH vs. IGHG - Performance Comparison
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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 | 0.22% | 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 | 0.20% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 4.49% |
Returns By Period
In the year-to-date period, LQDH achieves a 0.22% return, which is significantly higher than IGHG's 0.20% return. Both investments have delivered pretty close results over the past 10 years, with LQDH having a 4.56% annualized return and IGHG not far ahead at 4.71%.
LQDH
- 1D
- 0.38%
- 1M
- 0.48%
- YTD
- 0.22%
- 6M
- 1.85%
- 1Y
- 6.79%
- 3Y*
- 7.74%
- 5Y*
- 4.75%
- 10Y*
- 4.56%
IGHG
- 1D
- 0.34%
- 1M
- 0.35%
- YTD
- 0.20%
- 6M
- 1.04%
- 1Y
- 7.03%
- 3Y*
- 8.20%
- 5Y*
- 4.82%
- 10Y*
- 4.71%
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LQDH vs. IGHG - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is lower than IGHG's 0.30% expense ratio.
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.
| LQDH | IGHG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 1.64 | +0.02 |
Sortino ratioReturn per unit of downside risk | 2.41 | 2.46 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.92 | -1.16 |
Martin ratioReturn relative to average drawdown | 8.91 | 11.48 | -2.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LQDH | IGHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.64 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.96 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.63 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.52 | +0.04 |
Correlation
The correlation between LQDH and IGHG is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LQDH vs. IGHG - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 6.10%, more than IGHG's 5.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 6.10% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.19% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
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 | -3.85% | -2.30% | -1.55% |
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 | -0.73% | -0.66% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -2.33% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.58% | +0.18% |
Volatility
LQDH vs. IGHG - Volatility Comparison
iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has a higher volatility of 1.54% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 1.23%. This indicates that LQDH's price experiences larger fluctuations and is considered to be riskier 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 | 1.54% | 1.23% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.25% | 2.89% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 4.32% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 5.06% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.45% | 7.48% | -1.03% |