IGHG vs IVV
ProShares Investment Grade-Interest Rate Hedged ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IGHG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.03% | |
| AUM | $335M | $907.0B | |
| Dividend Yield | 5.12% | 1.10% | |
| Holdings | 186 | 508 | |
| YTD Return | -1.00% | +12.71% | |
| 1Y Return | +0.64% | +21.89% | |
| 3Y Return (annualized) | +6.16% | +22.08% | |
| 5Y Return (annualized) | +4.74% | +12.96% | |
| Volatility (annualized) | 11.7% | 15.1% | |
| Max Drawdown | -43.7% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 5, 2013 | May 15, 2000 |
IGHG vs IVV Performance
ProShares Investment Grade-Interest Rate Hedged ETF (IGHG) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IGHG returned +0.64% while IVV returned +21.89%. Year to date, IGHG is down 1.00% versus a gain of 12.71% for IVV.
Over three years, IGHG compounded at +6.16% per year against +22.08% for IVV; over five years the annualized figures are +4.74% and +12.96% respectively. Across the full 13-year window we track, IVV has the edge at +7.00% annualized vs +3.42%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.7% for IGHG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -43.7% for IGHG and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IGHG charges 0.30% per year while IVV charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, IGHG currently yields 5.12% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, IGHG or IVV?
IGHG has an expense ratio of 0.30% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, IGHG or IVV?
Over the past year IGHG returned +0.64% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IGHG annualized +3.42% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, IGHG or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 11.7% for IGHG. Worst drawdown: IGHG -43.7% vs IVV -56.5%.
Should I hold both IGHG and IVV?
IGHG and IVV have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, IGHG or IVV?
IGHG yields 5.12% while IVV yields 1.10%, so IGHG currently pays the higher dividend yield.
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