IGHG vs MMD
Comparison between PROSHARES INVESTMENT GRADE-INTEREST RATE HEDGED (IGHG, ETF) and MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD, ETF).
5-Year PerformanceIGHG has outperformed MMD, delivering a return of +5.1% compared to -2.3%
IGHG vs MMD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
IGHG vs MMD - Historical Returns
Returns include dividend reinvestment.
IGHG vs MMD - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | IGHG | MMD |
|---|---|---|
| 2026 | +1.78% | +5.72% |
| 2025 | +5.76% | +3.28% |
| 2024 | +9.63% | -4.81% |
| 2023 | +11.70% | +4.24% |
| 2022 | -1.31% | -20.66% |
| 2021 | +1.33% | +4.65% |
| 2020 | +1.07% | +8.58% |
| 2019 | +12.91% | +12.10% |
| 2018 | -4.17% | +3.95% |
| 2017 | +4.59% | +13.82% |
| 2016 | +8.86% | +2.65% |
| 2015 | -1.46% | +9.39% |
| 2014 | -2.34% | +20.47% |
| 2013 | +2.68% | -17.78% |
| 2012 | N/A | +4.83% |
IGHG vs MMD Drawdown Comparison
The maximum drawdown for IGHG was -25.16%, occurring on Mar 20, 2020. Recovery took 218 trading sessions.
The maximum drawdown for MMD was -30.12%, occurring on Oct 27, 2023. This drawdown has not yet recovered.
The current IGHG drawdown is -0.31%. The current MMD drawdown is -15.02%.
| Rank | IGHG | MMD |
|---|---|---|
| #1 | -25.16% Jan 22, 2020 - Dec 1, 2020 | -30.12% Aug 9, 2021 - Oct 27, 2023 |
| #2 | -11.69% Jun 19, 2014 - Dec 7, 2016 | -25.16% Jan 11, 2013 - Oct 17, 2014 |
| #3 | -8.75% Sep 29, 2021 - Jun 7, 2023 | -24.57% Feb 13, 2020 - Dec 2, 2020 |
| #4 | -7.16% Feb 1, 2018 - Apr 12, 2019 | -11.66% Jul 7, 2016 - May 31, 2017 |
| #5 | -3.73% Jan 27, 2025 - May 16, 2025 | -8.45% Apr 23, 2015 - Nov 23, 2015 |
| #6 | -2.63% Jul 12, 2024 - Aug 23, 2024 | -6.58% Dec 14, 2017 - Jul 16, 2018 |
| #7 | -2.61% Jul 26, 2019 - Oct 21, 2019 | -6.20% Dec 12, 2012 - Jan 11, 2013 |
| #8 | -2.37% Apr 22, 2019 - Jun 21, 2019 | -5.57% Sep 10, 2018 - Dec 14, 2018 |
| #9 | -1.86% Jan 3, 2014 - Feb 28, 2014 | -5.40% Feb 9, 2021 - Apr 13, 2021 |
| #10 | -1.78% Jun 25, 2021 - Sep 27, 2021 | -5.09% Sep 15, 2017 - Dec 7, 2017 |
| #11 | -1.75% Feb 2, 2026 - Apr 13, 2026 | -3.90% Feb 5, 2015 - Apr 14, 2015 |
| #12 | -1.61% Mar 31, 2021 - Jun 16, 2021 | -3.56% Dec 14, 2018 - Feb 7, 2019 |
| #13 | -1.48% Apr 9, 2014 - Jun 19, 2014 | -3.54% May 11, 2016 - Jun 22, 2016 |
| #14 | -1.44% Mar 1, 2021 - Mar 31, 2021 | -3.54% May 27, 2021 - Jul 28, 2021 |
| #15 | -1.42% Oct 27, 2017 - Dec 15, 2017 | -3.28% Nov 11, 2014 - Dec 30, 2014 |
Correlation
Correlation between IGHG and MMD is 0.57 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2012 - 2026)
IGHG vs MMD dividend yield comparison.
| Year | IGHG | MMD |
|---|---|---|
| 2026 | 2.13% | 2.58% |
| 2025 | 5.14% | 4.84% |
| 2024 | 5.06% | 4.82% |
| 2023 | 4.99% | 5.26% |
| 2022 | 3.55% | 6.35% |
| 2021 | 2.50% | 4.68% |
| 2020 | 2.79% | 4.68% |
| 2019 | 3.48% | 4.85% |
| 2018 | 4.13% | 5.38% |
| 2017 | 3.36% | 5.45% |
| 2016 | 3.37% | 6.16% |
| 2015 | 3.65% | 6.25% |
| 2014 | 3.58% | 6.39% |
| 2013 | 0.55% | 9.50% |
| 2012 | 0.00% | 2.86% |
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