TDTF vs. IGHG
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both exchange-traded funds - TDTF is a Inflation-Protected Bonds fund tracking the iBoxx 5-Year Target Duration TIPS, 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, TDTF returned 2.93%/yr vs 4.72%/yr for IGHG. At a correlation of -0.14, they often move in opposite directions. TDTF charges 0.18%/yr vs 0.30%/yr for IGHG.
Performance
TDTF vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, TDTF achieves a 1.52% return, which is significantly lower than IGHG's 2.17% return. Over the past 10 years, TDTF has underperformed IGHG with an annualized return of 2.93%, while IGHG has yielded a comparatively higher 4.72% annualized return.
TDTF
- 1D
- -0.13%
- 1M
- -0.44%
- YTD
- 1.52%
- 6M
- 1.18%
- 1Y
- 5.07%
- 3Y*
- 4.56%
- 5Y*
- 1.72%
- 10Y*
- 2.93%
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%
TDTF vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.52% | 7.83% | 2.40% | 4.10% | -9.73% | 5.54% | 9.98% | 7.99% | -0.82% | 1.93% |
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 TDTF and IGHG is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | -0.14 |
The correlation between TDTF and IGHG shifts across timeframes, from -0.18 (1 year) to -0.06 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TDTF vs. IGHG — Risk / Return Rank
TDTF
IGHG
TDTF vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) 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.
| TDTF | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 3.31 | -0.09 |
| Martin ratioReturn relative to average drawdown | 10.66 | 11.71 | -1.04 |
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
| TDTF | IGHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.68 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 1.05 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.63 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.54 | -0.06 |
Drawdowns
TDTF vs. IGHG - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for TDTF and IGHG.
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Drawdown Indicators
| TDTF | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -25.16% | +13.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -1.75% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | -3.74% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -8.75% | -3.27% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | -25.16% | +13.14% |
Current DrawdownCurrent decline from peak | -0.57% | -0.11% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -2.30% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.50% | -0.02% |
Volatility
TDTF vs. IGHG - Volatility Comparison
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) has a higher volatility of 0.73% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 0.62%. This indicates that TDTF'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
| TDTF | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.62% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 2.53% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 3.44% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 5.02% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 7.46% | -2.39% |
TDTF vs. IGHG - Expense Ratio Comparison
TDTF has a 0.18% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
TDTF vs. IGHG - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 4.71%, 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% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 4.71% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
Frequently Asked Questions
TDTF and IGHG have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDTF has higher volatility (0.73%) compared to IGHG (0.62%). In terms of maximum drawdown, TDTF dropped -12.02% vs IGHG's -25.16%.
On 10-year performance, IGHG leads with 4.72% vs 2.93% for TDTF. On fees, TDTF is cheaper at 0.18% 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 10-year period, IGHG has performed better with a 4.72% return vs 2.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTF is cheaper with a 0.18% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 5.11%, compared with 4.71% for TDTF.
TDTF is categorized as Inflation-Protected Bonds, while IGHG is Corporate Bonds. TDTF tracks iBoxx 5-Year Target Duration TIPS, while IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. They also come from different issuers: Northern Trust and ProShares. Their fees differ too: 0.18% for TDTF and 0.30% for IGHG.
IGHG currently has the higher Sharpe Ratio (1.68 vs 1.67), 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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