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ProShares Investment Grade-Interest Rate Hedged

IGHG
$
Today’s Change
()

Snapshot
*

Inception Date
Nov 5, 2013
Expense Ratio
0.3%
Type
US Bonds
Fund Owner
ProShares
Volume (1m avg. daily)
$783,183
AUM
$285,483,275
Associated Index
Citi Corporate Investment Grade (Treasury Rate-Hedged) Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

Derivatives offset
91.78%
Net Other Assets (Liabilities)
6.46%
JPMorgan Chase 5.5 % Notes 2010-15.10.40 Sr
1.99%
Gldm Sachs Grp 6.25 % Medium Term Notes 2011-1.2.41 Sr Series D
1.98%
APPLE INC
1.72%
Pfizer 7.2 % Notes 2009-15.3.39 Sr
1.57%
IBM 4.25 % Notes 2019-15.05.49 Global
1.54%
MS47
Morgan Stanley - 4.375% NT REDEEM 22/01/2047 USD 1000
1.48%
WFC44
Wells Fargo & Co. - 5.606% NT REDEEM 15/01/2044 USD 1000
1.38%
AZN 42
Astrazeneca plc - 4% NT REDEEM 18/09/2042 USD 2000
1.38%

What is IGHG?

ProShares Investment Grade Interest Rate Hedged seeks investment results, before fees and expenses, that track the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. The Citi Corporate Investment Grade (Treasury Rate-Hedged) Index is a U.S. dollar-denominated index that measures the performance of investment grade corporate debt. The index consists of a long position in investment grade corporate bonds and a duration-matched short position in U.S. Treasury bonds. The investment grade portion of the index offers exposure to the more liquid, cash-pay bonds.

1M
3M
6M
YTD
1Y
3Y
Max

IGHG
Performance Measures**

for the time period Nov 7, 2013 to Dec 4, 2025

Returns

1M Trailing Return: 1.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -25.2%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 7.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.55

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.15

The annualized return divided by the max drawdown for the selected time period.

ETFs related toIGHG

ETFs correlated to IGHG include LQDH, HYGH, AVGE

IGHG
ProShares Trust - ProShares Investment Grade-Interest Rate Hedged
LQDH
BlackRock Institutional Trust Company N.A. - iShares Interest Rate Hedged Corporate Bond ETF
HYGH
BlackRock Institutional Trust Company N.A. - iShares Interest Rate Hedged High Yield Bond ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
RDVI
First Trust Exchange-Traded Fund IV - FT Cboe Vest Rising Dividend Achievers Target Income ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toIGHG

NOVA | hwrdr - Asian Currency Crisis 2.0 | 2x Short Yen | BIL > BND & Strong $

Category

Tactical macro, trend-following, short JPY, gold, IG credit, rate-hedged bonds, leveraged ETF

OOS Cumulative Return

15.76%

Digital Gold Rush

Category

Tactical macro, cross-asset, gold, bitcoin, US dollar, risk-on/risk-off, momentum/mean-reversion, leveraged/inverse ETFs, daily rebalance

OOS Cumulative Return

5.76%

Create your own algorithmic trading strategy with IGHG using Composer

FAQ

IGHG is a US Bonds ETF. ProShares Investment Grade Interest Rate Hedged seeks investment results, before fees and expenses, that track the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. The Citi Corporate Investment Grade (Treasury Rate-Hedged) Index is a U.S. dollar-denominated index that measures the performance of investment grade corporate debt. The index consists of a long position in investment grade corporate bonds and a duration-matched short position in U.S. Treasury bonds. The investment grade portion of the index offers exposure to the more liquid, cash-pay bonds.

IGHG tracks the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index.

No, IGHG is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IGHG is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IGHG is 0.0165%. This is the percent change in the value of IGHG over the most recent 1-month period. The 3-month return on IGHG is 0.0447%. This is the percent change in the value of IGHG over the most recent 3-month period.

The standard deviation of IGHG for the past year is 0.059%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IGHG include GSY, GVI, and BLV.

ETFs correlated to IGHG include LQDH, HYGH, and AVGE.

ETFs that are inversely correlated to IGHG include FAZ, TAIL, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.