STIP vs. IGHG
STIP (iShares 0-5 Year TIPS Bond ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both exchange-traded funds - STIP is a Inflation-Protected Bonds fund tracking the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), while IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. Over the past 10 years, STIP returned 3.18%/yr vs 4.72%/yr for IGHG. At a correlation of -0.07, they often move in opposite directions. STIP charges 0.06%/yr vs 0.30%/yr for IGHG.
Performance
STIP vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, STIP achieves a 2.04% return, which is significantly lower than IGHG's 2.17% return. Over the past 10 years, STIP has underperformed IGHG with an annualized return of 3.18%, while IGHG has yielded a comparatively higher 4.72% annualized return.
STIP
- 1D
- 0.00%
- 1M
- 0.03%
- YTD
- 2.04%
- 6M
- 2.03%
- 1Y
- 4.68%
- 3Y*
- 5.23%
- 5Y*
- 3.37%
- 10Y*
- 3.18%
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%
STIP vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STIP iShares 0-5 Year TIPS Bond ETF | 2.04% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.17% | 5.65% | 9.20% | 11.58% | -0.90% | 0.88% | 0.61% | 12.73% | -3.96% | 4.49% |
Correlation
The correlation between STIP and IGHG is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | -0.07 |
The correlation between STIP and IGHG shifts across timeframes, from -0.20 (1 year) to -0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
STIP vs. IGHG — Risk / Return Rank
STIP
IGHG
STIP vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond ETF (STIP) 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.
| STIP | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.32 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 6.76 | 3.31 | +3.45 |
| Martin ratioReturn relative to average drawdown | 26.37 | 11.71 | +14.66 |
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
| STIP | IGHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.23 | 1.68 | +1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 1.05 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.30 | 0.63 | +0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.54 | +0.53 |
Drawdowns
STIP vs. IGHG - Drawdown Comparison
The maximum STIP drawdown since its inception was -5.50%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for STIP and IGHG.
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Drawdown Indicators
| STIP | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.50% | -25.16% | +19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.69% | -1.75% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -0.95% | -3.74% | +2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -8.75% | +3.25% |
Max Drawdown (10Y)Largest decline over 10 years | -5.50% | -25.16% | +19.66% |
Current DrawdownCurrent decline from peak | -0.03% | -0.11% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -2.30% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 0.50% | -0.32% |
Volatility
STIP vs. IGHG - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond ETF (STIP) is 0.40%, while ProShares Investment Grade-Interest Rate Hedged (IGHG) has a volatility of 0.62%. This indicates that STIP 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
| STIP | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 0.62% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 0.99% | 2.53% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 3.44% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 5.02% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 7.46% | -5.01% |
STIP vs. IGHG - Expense Ratio Comparison
STIP has a 0.06% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
STIP vs. IGHG - Dividend Comparison
STIP's dividend yield for the trailing twelve months is around 4.30%, 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% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.30% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 0.00% |
Frequently Asked Questions
STIP and IGHG have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGHG has higher volatility (0.62%) compared to STIP (0.40%). In terms of maximum drawdown, STIP dropped -5.50% vs IGHG's -25.16%.
On 10-year performance, IGHG leads with 4.72% vs 3.18% for STIP. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.40%. 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 4.72% return vs 3.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 5.11%, compared with 4.30% for STIP.
STIP is categorized as Inflation-Protected Bonds, while IGHG is Corporate Bonds. STIP tracks Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L), 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 STIP and 0.30% for IGHG.
STIP currently has the higher Sharpe Ratio (3.23 vs 1.68), 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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