ProShares Investment Grade—Interest Rate Hedged (IGHG) Performance
IGHG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.4% since Dec 31, 2025
- 1 year
- +3.2% total return
- 5 years
- +5.3% a year
- 10 years
- +4.4% a year
- Since first price
- +3.7% a year since 2013
IGHG trailing returns vs SPY, QQQ, AGG
| Period | IGHG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.3% | −0.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.6% | −0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.2% | −1.4% | +7.8% | +8.4% | −1.5% |
| YTD | +2.4% | −1.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.2% | −1.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +22.3%+6.9%/yr | +4.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +29.3%+5.3%/yr | +2.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +54.0%+4.4%/yr | +3.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionNov 7, 2013 | +59.4%+3.7%/yr | −3.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IGHG vs SPY
From Nov 7, 2013: IGHG grew to $15,939, SPY to $54,048.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IGHG returns by calendar year
8 of 12 full years positive. Best 2019 (+12.7%), worst 2018 (−4.0%). 2026 is year to date.
IGHG annual returns table
| Year | IGHG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +2.4% | −1.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.6% | −3.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.2% | −2.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.6% | −3.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −0.9% | −7.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +0.9% | −2.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +0.6% | −25.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +12.7% | −2.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.0% | −6.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +4.5% | −1.4% | +21.7% | +32.7% | +3.6% |
| 2016 | +7.9% | −5.6% | +12.0% | +7.1% | +2.4% |
| 2015 | −2.0% | −5.6% | +1.2% | +9.4% | +0.5% |
| 2014 | −2.2% | −5.4% | +13.5% | +19.2% | +6.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IGHG largest drawdowns
Now 0.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 22, 2020 | −25.2% | Mar 20, 2020 | Dec 1, 2020 | 58 days | 10 months |
| Jun 19, 2014 | −11.7% | Feb 17, 2016 | Dec 7, 2016 | 1.7 years | 2.5 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IGHG risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +7.0% | +5.4% | +4.6% | +3.6% |
| Volatility (annualized) | 3.0% | 4.2% | 6.1% | 5.9% |
| Sharpe ratio | 0.86 | 0.43 | 0.39 | 0.34 |
| Sortino ratio | 1.67 | 0.66 | 0.51 | 0.46 |
| Best month | +3.2% | +3.2% | +4.2% | +4.2% |
| Worst month | −1.2% | −3.4% | −11.7% | −11.7% |
| Best 12 months | +10.2% | +13.9% | +21.7% | +21.7% |
| Worst 12 months | +3.5% | −7.1% | −9.0% | −9.0% |
| Positive months | 81% | 72% | 68% | 62% |
| Beta vs S&P 500 | 0.13 | 0.18 | 0.27 | — |
| Correlation with S&P 500 | 0.54 | 0.68 | 0.68 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IGHG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 144 | −9.0% | +4.2% | +21.7% | 69% |
| 3-year (a year) | 120 | −1.4% | +3.8% | +10.5% | 98% |
| 5-year (a year) | 96 | +0.2% | +3.6% | +7.5% | 100% |
| 10-year (a year) | 36 | +2.8% | +4.0% | +5.1% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
IGHG performance overview
ProShares Investment Grade—Interest Rate Hedged (IGHG) returned +3.2% over the past year and +4.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +3.7% a year, turning $10,000 into about $15,939. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −25.2%, from Jan 22, 2020 to Mar 20, 2020, and it took 8 months to get back to the old high. IGHG finished 8 of its 12 full calendar years with a gain; the best year was 2019 (+12.7%) and the worst 2018 (−4.0%). Volatility has been 5.9% a year.
Related: IGHG chart, IGHG dividends. See the IGHG overview for the latest quote and fund facts.
IGHG performance FAQ
What is the IGHG return over the past year?
IGHG returned +3.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.9%.
What is the average annual return of IGHG?
IGHG has returned +5.3% a year over 5 years, +4.4% a year over 10 years, +3.7% a year since November 7, 2013 (total return, distributions reinvested).
How much would $10,000 invested in IGHG be worth?
$10,000 invested in IGHG at its first recorded close on November 7, 2013 would be worth about $15,939 on October 23, 2026 with distributions reinvested.
What was the worst year for IGHG?
The worst calendar year was 2018, with a total return of −4.0%. The best was 2019 at +12.7%.
What is the biggest drawdown of IGHG?
The largest peak-to-trough decline was −25.2% between January 22, 2020 and March 20, 2020. It recovered to the old high on December 1, 2020, 8 months after the bottom.
How volatile is IGHG?
Over the past 3 years IGHG had an annualized volatility of 3.0% and a Sharpe ratio of 0.86 (excess return over 1–3 month T-bills per unit of risk).