SCRD vs. IGHG
SCRD (Janus Henderson Corporate Bond ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds. SCRD is actively managed, while IGHG is passively managed. Over the past 3 years, SCRD returned 5.54%/yr vs 8.57%/yr for IGHG. At a 0.10 correlation, their price movements are largely independent. SCRD charges 0.35%/yr vs 0.30%/yr for IGHG.
Performance
SCRD vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, SCRD achieves a 0.24% return, which is significantly lower than IGHG's 2.17% return.
SCRD
- 1D
- -0.21%
- 1M
- 0.42%
- YTD
- 0.24%
- 6M
- 0.13%
- 1Y
- 6.25%
- 3Y*
- 5.54%
- 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%
SCRD vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCRD Janus Henderson Corporate Bond ETF | 0.24% | 7.77% | 3.21% | 8.76% | -15.99% | -1.25% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.17% | 5.65% | 9.20% | 11.58% | -0.90% | -0.74% |
Correlation
The correlation between SCRD and IGHG is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021 | 0.10 |
The correlation between SCRD and IGHG shifts across timeframes, from 0.03 (3 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCRD vs. IGHG — Risk / Return Rank
SCRD
IGHG
SCRD vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (SCRD) 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.
| SCRD | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.31 | -1.12 |
| Martin ratioReturn relative to average drawdown | 7.63 | 11.71 | -4.08 |
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
| SCRD | IGHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.68 | -0.06 |
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 | 0.02 | 0.54 | -0.51 |
Drawdowns
SCRD vs. IGHG - Drawdown Comparison
The maximum SCRD drawdown since its inception was -21.17%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for SCRD and IGHG.
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Drawdown Indicators
| SCRD | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -25.16% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -1.75% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -3.74% | -3.10% |
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 | -0.97% | -0.11% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -2.30% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.50% | +0.32% |
Volatility
SCRD vs. IGHG - Volatility Comparison
Janus Henderson Corporate Bond ETF (SCRD) has a higher volatility of 1.25% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 0.62%. This indicates that SCRD'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
| SCRD | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.62% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 2.53% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 3.44% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 5.02% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 7.46% | -1.14% |
SCRD vs. IGHG - Expense Ratio Comparison
SCRD has a 0.35% expense ratio, which is higher than IGHG's 0.30% expense ratio.
Dividends
SCRD vs. IGHG - Dividend Comparison
SCRD's dividend yield for the trailing twelve months is around 5.44%, more 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% |
SCRD Janus Henderson Corporate Bond ETF | 5.44% | 5.28% | 5.36% | 3.99% | 2.77% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCRD and IGHG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCRD has higher volatility (1.25%) compared to IGHG (0.62%). In terms of maximum drawdown, SCRD dropped -21.17% vs IGHG's -25.16%.
On 3-year performance, IGHG leads with 8.57% vs 5.54% for SCRD. On fees, IGHG is cheaper at 0.30% per year. On volatility, IGHG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IGHG has performed better with a 8.57% return vs 5.54%. 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 0.35% for SCRD.
SCRD has the higher dividend yield at 5.44%, compared with 5.11% for IGHG.
They also come from different issuers: Janus Henderson and ProShares. Their fees differ too: 0.35% for SCRD and 0.30% for IGHG.
IGHG currently has the higher Sharpe Ratio (1.68 vs 1.62), 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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