SLQD vs. IGHG
SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds - SLQD tracks the Markit iBoxx USD Liquid Investment Grade 0-5 Index while IGHG tracks the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. Over the past 10 years, SLQD returned 2.60%/yr vs 4.76%/yr for IGHG. Their 0.03 correlation means their historical movements had little consistent relationship. SLQD charges 0.06%/yr vs 0.30%/yr for IGHG.
Performance
SLQD vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, SLQD achieves a 1.10% return, which is significantly lower than IGHG's 2.20% return. Over the past 10 years, SLQD has underperformed IGHG with an annualized return of 2.60%, while IGHG has yielded a comparatively higher 4.76% annualized return.
SLQD
- 1D
- -0.05%
- 1M
- -0.14%
- 6M
- 0.70%
- YTD
- 1.10%
- 1Y
- 3.24%
- 3Y*
- 5.31%
- 5Y*
- 2.53%
- 10Y*
- 2.60%
- ALL TIME*
- 2.50%
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 | |
| $10.60M | $10.54M | $10.26M |
SLQD vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 1.10% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.09% | 2.12% |
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 SLQD and IGHG is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013 | 0.03 |
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Return for Risk
SLQD vs. IGHG — Risk / Return Rank
SLQD
IGHG
SLQD vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) 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.
| SLQD | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.26 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 2.66 | +0.84 |
| Martin ratioReturn relative to average drawdown | 15.40 | 9.17 | +6.23 |
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Drawdowns
SLQD vs. IGHG - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for SLQD and IGHG.
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Drawdown Indicators
| SLQD | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -25.16% | +12.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -1.75% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -3.74% | +2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -8.75% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | -25.16% | +12.47% |
Current DrawdownCurrent decline from peak | -0.17% | -0.17% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -2.27% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.51% | -0.27% |
Volatility
SLQD vs. IGHG - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.42%, while ProShares Investment Grade-Interest Rate Hedged (IGHG) has a volatility of 0.58%. This indicates that SLQD 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
| SLQD | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.58% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 2.06% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 3.32% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.45% | 4.99% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.13% | 7.31% | -4.18% |
SLQD vs. IGHG - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
SLQD vs. IGHG - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 4.34%, less 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% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 3.99% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
SLQD and IGHG have a correlation of 0.11, 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 SLQD (0.42%). In terms of maximum drawdown, SLQD dropped -12.69% vs IGHG's -25.16%.
On 10-year performance, IGHG leads with 4.76% vs 2.60% for SLQD. On fees, SLQD is cheaper at 0.06% per year. On volatility, SLQD has been the lower-risk option at 0.42%. 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 2.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLQD is cheaper with a 0.06% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 4.67%, compared with 3.99% for SLQD.
SLQD tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index, while IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.06% for SLQD and 0.30% for IGHG.
SLQD currently has the higher Sharpe Ratio (2.42 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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