IGBH vs SPDN

Comparison between ISHARES INTEREST RATE HEDGED LONG-TERM CORPORATE BOND ETF (IGBH, ETF) and DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF).

5-Year PerformanceIGBH has outperformed SPDN, delivering a return of +5.3% compared to -8.0%

IGBH vs SPDN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IGBH(ETF)	SPDN(ETF)
Net Assets	$195M	$195M
Expense Ratio	0.14%	0.48%
Max Drawdown	38.89%	79.63%
Sharpe Ratio	0.69	-1.23
5Y Beta	0.23	-0.97
5Y Dividends CAGR	21.62%	N/A

Net Assets

Winner

IGBH

$195M

SPDN

$195M

Expense Ratio

Winner

IGBH

0.14%

SPDN

0.48%

Max Drawdown

Winner

IGBH

38.89%

SPDN

79.63%

Sharpe Ratio

Winner

IGBH

0.69

SPDN

-1.23

5Y Beta

IGBH

0.23

Winner

SPDN

-0.97

5Y Dividends CAGR

IGBH

21.62%

SPDN

N/A

IGBH vs SPDN - Historical Returns

Returns include dividend reinvestment.

Period	IGBH	SPDN
1 month	-0.89%	+0.10%
3 months	+1.16%	-4.79%
6 months	+0.27%	-6.55%
1 year	+6.56%	-11.89%
5 years(CAGR)	+5.30%	-8.04%
10 years(CAGR)	+4.77%	-12.17%
Max(CAGR)	+4.59%	-12.26%

IGBH

-0.89%

Winner

SPDN

+0.10%

Winner

IGBH

+1.16%

SPDN

-4.79%

Winner

IGBH

+0.27%

SPDN

-6.55%

Winner

IGBH

+6.56%

SPDN

-11.89%

5Y(CAGR)

Winner

IGBH

+5.30%

SPDN

-8.04%

10Y(CAGR)

Winner

IGBH

+4.77%

SPDN

-12.17%

Max(CAGR)

Winner

IGBH

+4.59%

SPDN

-12.26%

IGBH vs SPDN - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	IGBH	SPDN
2026	+1.47%	-6.65%
2025	+8.11%	-11.32%
2024	+7.57%	-13.44%
2023	+12.32%	-15.40%
2022	-3.22%	+19.39%
2021	+3.04%	-24.71%
2020	+1.46%	-23.87%
2019	+9.69%	-21.99%
2018	-4.22%	+6.21%
2017	+9.75%	-16.49%
2016	+7.57%	-6.92%
2015	-0.51%	N/A

IGBH vs SPDN Drawdown Comparison

The maximum drawdown for IGBH was -33.67%, occurring on Mar 20, 2020. Recovery took 233 trading sessions.

The maximum drawdown for SPDN was -75.30%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current IGBH drawdown is -1.09%. The current SPDN drawdown is -74.85%.

Rank	IGBH	SPDN
#1	-33.67% Jan 17, 2020 - Dec 18, 2020	-75.30% Jun 27, 2016 - Jun 2, 2026
#2	-10.49% Sep 27, 2021 - Jun 16, 2023	-2.37% Jun 16, 2016 - Jun 24, 2016
#3	-8.51% Jan 23, 2018 - Dec 18, 2019	N/A
#4	-8.12% Oct 22, 2015 - Apr 22, 2016	N/A
#5	-6.93% Feb 14, 2025 - Jul 1, 2025	N/A
#6	-4.24% Jan 22, 2026 - May 14, 2026	N/A
#7	-3.03% May 31, 2024 - Sep 18, 2024	N/A
#8	-2.87% Apr 29, 2016 - Jul 26, 2016	N/A
#9	-2.87% Feb 17, 2021 - Mar 31, 2021	N/A
#10	-2.59% Sep 18, 2015 - Oct 22, 2015	N/A
#11	-2.36% Apr 6, 2021 - Sep 24, 2021	N/A
#12	-2.04% Jul 6, 2017 - Sep 29, 2017	N/A
#13	-1.93% Oct 20, 2016 - Dec 6, 2016	N/A
#14	-1.76% Dec 31, 2019 - Jan 17, 2020	N/A
#15	-1.56% Dec 29, 2020 - Jan 13, 2021	N/A

Correlation

Correlation between IGBH and SPDN is -0.84 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.84

-101

Dividend Comparison (2015 - 2026)

IGBH vs SPDN dividend yield comparison.

Year	IGBH	SPDN
2026	2.60%	1.38%
2025	6.23%	4.06%
2024	6.88%	5.32%
2023	7.32%	5.84%
2022	3.84%	0.96%
2021	2.71%	0.00%
2020	2.39%	0.10%
2019	3.40%	1.89%
2018	5.56%	1.24%
2017	2.87%	0.42%
2016	2.62%	0.00%
2015	1.12%	0.00%