VBCG vs. IGHG
VBCG (Vanguard Target Maturity 2033 Corporate Bond ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both Corporate Bonds funds - VBCG tracks the ICE 2033 Maturity US Corporate Constrained Index while IGHG tracks the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. Their 0.19 correlation means their historical movements had little consistent relationship. VBCG charges 0.08%/yr vs 0.30%/yr for IGHG.
Performance
VBCG vs. IGHG - Performance Comparison
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Returns By Period
VBCG
- 1D
- -0.19%
- 1M
- -1.28%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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 | |
| $277.73K | $247.37K | $222.66K |
VBCG vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCG Vanguard Target Maturity 2033 Corporate Bond ETF | 0.48% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.35% |
Correlation
The correlation between VBCG and IGHG is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.19 |
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Return for Risk
VBCG vs. IGHG — Risk / Return Rank
VBCG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGHG
VBCG vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2033 Corporate Bond ETF (VBCG) 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.
| VBCG | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 9.17 | — |
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Drawdowns
VBCG vs. IGHG - Drawdown Comparison
The maximum VBCG drawdown since its inception was -1.90%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for VBCG and IGHG.
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Drawdown Indicators
| VBCG | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.90% | -25.16% | +23.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.74% | — |
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 | -1.56% | -0.17% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -0.65% | -2.27% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.51% | — |
Volatility
VBCG vs. IGHG - Volatility Comparison
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Volatility by Period
| VBCG | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 3.32% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.27% | 4.99% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 7.31% | -3.04% |
VBCG vs. IGHG - Expense Ratio Comparison
VBCG has a 0.08% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
VBCG vs. IGHG - Dividend Comparison
VBCG's dividend yield for the trailing twelve months is around 1.21%, 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% |
VBCG Vanguard Target Maturity 2033 Corporate Bond ETF | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBCG and IGHG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBCG is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBCG is cheaper with a 0.08% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 4.67%, compared with 1.21% for VBCG.
VBCG tracks ICE 2033 Maturity US Corporate Constrained Index, while IGHG tracks Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.08% for VBCG and 0.30% for IGHG.
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