VTG vs. IGHG
VTG (Vanguard Total Treasury ETF) and IGHG (ProShares Investment Grade-Interest Rate Hedged) are both exchange-traded funds - VTG is a Intermediate Core Bond fund tracking the Bloomberg U.S. Treasury Total Return Unhedged USD Index, while IGHG is a Corporate Bonds fund tracking the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. Both are passively managed. At a correlation of -0.14, they often move in opposite directions. VTG charges 0.03%/yr vs 0.30%/yr for IGHG.
Performance
VTG vs. IGHG - Performance Comparison
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Returns By Period
In the year-to-date period, VTG achieves a 0.02% return, which is significantly lower than IGHG's 2.08% return.
VTG
- 1D
- -0.26%
- 1M
- 0.56%
- YTD
- 0.02%
- 6M
- 0.13%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGHG
- 1D
- 0.08%
- 1M
- -0.02%
- YTD
- 2.08%
- 6M
- 2.05%
- 1Y
- 5.77%
- 3Y*
- 8.31%
- 5Y*
- 5.18%
- 10Y*
- 4.83%
VTG vs. IGHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTG Vanguard Total Treasury ETF | 0.02% | 3.07% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 2.08% | 2.67% |
Correlation
The correlation between VTG and IGHG is -0.14, 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 (All Time) Calculated using the full available price history since Jul 9, 2025 | -0.14 |
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Return for Risk
VTG vs. IGHG — Risk / Return Rank
VTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGHG
VTG vs. IGHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Treasury ETF (VTG) 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.
| VTG | IGHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.31 | — |
| Martin ratioReturn relative to average drawdown | — | 11.69 | — |
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Drawdowns
VTG vs. IGHG - Drawdown Comparison
The maximum VTG drawdown since its inception was -2.89%, smaller than the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for VTG and IGHG.
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Drawdown Indicators
| VTG | IGHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.89% | -25.16% | +22.27% |
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 | -1.77% | -0.25% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -2.29% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.49% | — |
Volatility
VTG vs. IGHG - Volatility Comparison
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Volatility by Period
| VTG | IGHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 3.41% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 5.02% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 7.46% | -3.94% |
VTG vs. IGHG - Expense Ratio Comparison
VTG has a 0.03% expense ratio, which is lower than IGHG's 0.30% expense ratio.
Dividends
VTG vs. IGHG - Dividend Comparison
VTG's dividend yield for the trailing twelve months is around 3.20%, 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 | 5.12% | 5.14% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% |
VTG Vanguard Total Treasury ETF | 3.20% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VTG and IGHG have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTG is cheaper with a 0.03% expense ratio, compared with 0.30% for IGHG.
IGHG has the higher dividend yield at 5.12%, compared with 3.20% for VTG.
VTG is categorized as Intermediate Core Bond, while IGHG is Corporate Bonds. VTG tracks Bloomberg U.S. Treasury Total Return Unhedged USD 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: 0.03% for VTG and 0.30% for IGHG.
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