HDG vs IBHL
Comparison between PROSHARES HEDGE REPLICATION ETF (HDG, ETF) and ISHARES IBONDS 2032 TERM HIGH YIELD AND INCOME ETF (IBHL, ETF).
HDG vs IBHL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HDG
$22M
IBHL
$22M
Expense Ratio
HDG
0.95%
Winner
IBHL
0.35%
Max Drawdown
HDG
15.31%
Winner
IBHL
3.70%
Sharpe Ratio
Winner
HDG
1.33
IBHL
0.78
5Y Beta
HDG
0.32
Winner
IBHL
0.24
5Y Dividends CAGR
HDG
106.61%
IBHL
N/A
HDG vs IBHL - Holdings Comparison
HDG and IBHL have 1 common holdings. Overlap is -0.03%
HDG's top 25 holdings weight is 21.14%. IBHL's top 25 holdings weight is 29.51%.
| Rank | HDG | IBHL |
|---|---|---|
| #1 | CTE PROSHARES TRUST M (n/a) - 14.55% | 1261229 BC LTD. 10% (n/a) - 3.00% |
| #2 | MSCI EAFE INDEX (EFA) SWAP (n/a) - 2.16% | QUIKRETE HOLDINGS INC 6.375% (n/a) - 2.15% |
| #3 | CASH (n/a) - 2.09% | n/a (n/a) - 1.89% |
| #4 | MSCI EMERGING MARKETS INDEX (EEM) SWAP (n/a) - 0.80% | CARNIVAL CORP LTD. 5.75% (n/a) - 1.62% |
| #5 | S&P 500 INDEX SWAP (n/a) - 0.30% | DISCOVERY GLOBAL HOLDINGS INC. 4.279% (n/a) - 1.34% |
| #6 | U.S. DOLLAR FOR FUTURES (n/a) - 0.17% | QXO BUILDING PRODUCTS INC. 6.75% (n/a) - 1.21% |
| #7 | BLOOM ENERGY CORP CLASS A (BE) - 0.13% | TRANSDIGM, INC. 6.625% (n/a) - 1.21% |
| #8 | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 0.08% | VENTURE GLOBAL LNG INC. 9.875% (n/a) - 1.14% |
| #9 | FABRINET (FN) - 0.07% | IQVIA INC 6.25% (n/a) - 1.10% |
| #10 | NEXTPOWER INC CLASS A (NXT) - 0.07% | BLOCK INC 6.5% (n/a) - 1.07% |
| #11 | ECHOSTAR CORP CLASS A (SATS) - 0.06% | HUB INTERNATIONAL LTD. 7.375% (n/a) - 1.04% |
| #12 | HECLA MINING CO (HL) - 0.06% | n/a (n/a) - 1.04% |
| #13 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 0.06% | VOYAGER PARENT LLC 9.25% (n/a) - 1.01% |
| #14 | COEUR MINING INC (CDE) - 0.06% | ALTICE FRANCE SAS 6.5% (n/a) - 0.99% |
| #15 | BRIDGEBIO PHARMA INC (BBIO) - 0.05% | CLOUD SOFTWARE GROUP INC. 8.25% (n/a) - 0.96% |
| #16 | MODINE MANUFACTURING CO (MOD) - 0.05% | NCL CORPORATION LTD. 6.75% (n/a) - 0.96% |
| #17 | ADVANCED ENERGY INDUSTRIES INC (AEIS) - 0.05% | CHS/COMMUNITY HEALTH SYSTEMS INC 10.875% (n/a) - 0.95% |
| #18 | ENSIGN GROUP INC (ENSG) - 0.05% | n/a (n/a) - 0.90% |
| #19 | n/a (HASI) - 0.04% | n/a (n/a) - 0.89% |
| #20 | TG THERAPEUTICS INC (TGTX) - 0.04% | n/a (n/a) - 0.88% |
| #21 | GENWORTH FINANCIAL INC (GNW) - 0.04% | ARDONAGH GROUP FINANCE LTD. 8.875% (n/a) - 0.87% |
| #22 | IRHYTHM HOLDINGS INC (IRTC) - 0.04% | n/a (n/a) - 0.83% |
| #23 | CHAMPION HOMES INC (SKY) - 0.04% | GENMAB AS AND GENMAB FINANCE LLC 6.25% (n/a) - 0.83% |
| #24 | ICU MEDICAL INC (ICUI) - 0.04% | UNIVISION COMMUNICATIONS INC. 9.375% (n/a) - 0.82% |
| #25 | TERAWULF INC (WULF) - 0.04% | ALTICE FRANCE SAS 6.875% (n/a) - 0.81% |
| Total Holdings | 1778 | 210 |
HDG vs IBHL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HDG
+1.32%
IBHL
+0.60%
3M
Winner
HDG
+5.99%
IBHL
+2.21%
6M
Winner
HDG
+6.65%
IBHL
+1.91%
1Y
Winner
HDG
+12.69%
IBHL
+6.96%
5Y(CAGR)
HDG
+2.93%
IBHL
N/A
10Y(CAGR)
HDG
+4.00%
IBHL
N/A
Max(CAGR)
HDG
+2.95%
Winner
IBHL
+7.93%
HDG vs IBHL - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | HDG | IBHL |
|---|---|---|
| 2026 | +6.21% | +1.15% |
| 2025 | +7.20% | +8.46% |
| 2024 | +5.48% | N/A |
| 2023 | +6.75% | N/A |
| 2022 | -8.65% | N/A |
| 2021 | +3.46% | N/A |
| 2020 | +7.08% | N/A |
| 2019 | +9.83% | N/A |
| 2018 | -4.79% | N/A |
| 2017 | +5.32% | N/A |
| 2016 | +2.87% | N/A |
| 2015 | -0.06% | N/A |
| 2014 | +2.04% | N/A |
| 2013 | +3.33% | N/A |
| 2012 | +2.38% | N/A |
| 2011 | -3.01% | N/A |
HDG vs IBHL Drawdown Comparison
The maximum drawdown for HDG was -15.31%, occurring on Sep 29, 2022. Recovery took 722 trading sessions.
The maximum drawdown for IBHL was -3.70%, occurring on Apr 8, 2025. Recovery took 16 trading sessions.
The current HDG drawdown is -0.34%. The current IBHL drawdown is -0.09%.
| Rank | HDG | IBHL |
|---|---|---|
| #1 | -15.31% Nov 8, 2021 - Sep 24, 2024 | -3.70% Apr 2, 2025 - Apr 25, 2025 |
| #2 | -13.76% Feb 14, 2020 - Nov 5, 2020 | -3.03% Feb 20, 2026 - Apr 17, 2026 |
| #3 | -7.83% Jul 21, 2011 - Jan 2, 2013 | -1.40% Sep 22, 2025 - Oct 24, 2025 |
| #4 | -7.82% May 21, 2015 - Feb 15, 2017 | -1.34% Apr 17, 2026 - May 29, 2026 |
| #5 | -7.43% Jan 26, 2018 - Oct 21, 2019 | -0.97% Oct 27, 2025 - Nov 25, 2025 |
| #6 | -7.20% Feb 18, 2025 - Jul 3, 2025 | -0.78% May 16, 2025 - May 30, 2025 |
| #7 | -3.97% Feb 25, 2026 - Apr 16, 2026 | -0.78% May 29, 2026 - Jun 5, 2026 |
| #8 | -3.78% May 21, 2013 - Sep 18, 2013 | -0.75% Jul 3, 2025 - Jul 22, 2025 |
| #9 | -3.67% Mar 15, 2021 - Nov 5, 2021 | -0.56% Aug 13, 2025 - Aug 22, 2025 |
| #10 | -3.41% Sep 3, 2014 - Feb 4, 2015 | -0.52% Apr 29, 2025 - May 12, 2025 |
| #11 | -2.92% Feb 9, 2021 - Mar 15, 2021 | -0.46% May 13, 2025 - May 16, 2025 |
| #12 | -2.72% Oct 31, 2013 - Apr 2, 2014 | -0.43% Aug 27, 2025 - Sep 4, 2025 |
| #13 | -2.21% Oct 27, 2025 - Dec 10, 2025 | -0.42% Dec 4, 2025 - Dec 18, 2025 |
| #14 | -1.81% Jan 14, 2021 - Feb 4, 2021 | -0.34% Mar 27, 2025 - Apr 2, 2025 |
| #15 | -1.73% Dec 4, 2024 - Jan 30, 2025 | -0.33% Jun 12, 2025 - Jun 20, 2025 |
Correlation
Correlation between HDG and IBHL is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2012 - 2026)
HDG vs IBHL dividend yield comparison.
| Year | HDG | IBHL |
|---|---|---|
| 2026 | 0.50% | 2.54% |
| 2025 | 2.55% | 4.90% |
| 2024 | 3.50% | 0.00% |
| 2023 | 3.48% | 0.00% |
| 2022 | 0.39% | 0.00% |
| 2020 | 0.08% | 0.00% |
| 2019 | 1.09% | 0.00% |
| 2018 | 0.51% | 0.00% |
| 2015 | 0.00% | 0.00% |
| 2012 | 0.13% | 0.00% |
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