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IGHG vs SPBO

ProShares Investment Grade - Interest Rate Hedged

IGHG—Cboe

State Street SPDR Portfolio Corporate Bond ETF

SPBOANYSE Arca

Overlap

No data

Expense ratio

SPBO −0.27pt a year

IGHG0.30%SPBO0.03%

Avg volume · 30D

SPBO 23.1×the volume

IGHG25.5KSPBO591K

10Y return · a year

IGHG +2.1pt

IGHG+4.5%SPBO+2.4%

IGHG vs SPBO Performance

Oct 29, 2021 – Oct 30, 2026

+30.1%IGHG+0.3%SPBO

Oct 29, 2021 to Oct 30, 2026. IGHG +30.1%. SPBO +0.3%. Use the arrow keys to read each point.−20%−10%10%20%Oct 2021Apr 2024Oct 2026
Expense ratio
IGHG 0.30%
SPBO 0.03%, better
Fund size
IGHG $407M
SPBO $2.14B
1Y total return
IGHG +3.6%, better
SPBO −0.4%
Yield (12M)
IGHG 5.15%
SPBO 5.28%, better
Holdings
IGHG 180
SPBO 4468
Avg volume (30D)
IGHG 25.5K sh
SPBO 591K sh, better
NAV per share
IGHG $77.12
SPBO $27.95
52W range

ETF.net Grade

  • —IGHGUnder classification review
SPBO: Cost 98, Risk 54, Mission 100, Tradability 96, Holdings 82, Durability 90.
Pillar letters and Scores for IGHG, SPBO, with each pillar’s weight
PillarIGHGSPBO
Cost30% weightNot scoredA98
Mission25% weightNot scoredA100
Risk15% weightNot scoredC54
Tradability15% weightNot scoredA96
Holdings10% weightNot scoredA82
Durability5% weightNot scoredA90

Rank among Investment Grade Corporate funds

How we build Categories ›

Investment Grade Corporate⁠

Category · 49 funds
See all 49 ›

SPBO ranks 2nd of 49 funds in the Investment Grade Corporate Category.

  1. Rank 1AUSIGiShares Broad USD Investment Grade Corporate Bond ETFScore 90
  2. Rank 2ASPBOState Street SPDR Portfolio Corporate Bond ETFScore 89
  3. Rank 3AVTCVanguard Total Corporate Bond ETFScore 83
  4. IGHGNot yet graded

Our read on each fund

ETF.net Research

IGHG—ProShares Investment Grade - Interest Rate Hedged

SPBOAState Street SPDR Portfolio Corporate Bond ETF

In short

IGHG No data

SPBO The whole investment-grade corporate bond market in one ticker for three basis points. Most rivals sell you a maturity slice; SPBO owns the lot, and it undercuts other funds tracking the very same Bloomberg index.

Stated mandate

IGHG No data

SPBO The fund seeks investment results that generally correspond, before fees and expenses, to the price and yield performance of the Bloomberg U.S. Corporate Bond Index.

Why people hold it

IGHG No data

  • SPBO 0.03% a year against a category median of 0.19%. In bond land, where the yield does the heavy lifting, that fee gap is not a rounding error.
  • Thousands of corporate bonds across the full maturity range, so you hold the broad IG corporate market instead of one duration bucket.ssga.com
  • Same index, very different tolls: KORP charges 0.29%, JLQD 0.35%, JHCB 0.53%. SPBO sits at the cheap end of that list.
  • Running since 2011, pays monthly, and tracks its benchmark about as closely as anything in the investment-grade corporate group.

Worth knowing

IGHG No data

  • SPBO Full maturity range means long-dated paper is in the mix, so the price moves more when rates move than short-maturity peers like IGSB or SPIB.
  • Corporate credit only. No Treasuries or mortgages to lean on, so the fund rides the health of corporate borrowers as well as the rate cycle.ssga.com
  • Investment grade by design, US issuers only. No high-yield or emerging-market bonds in the basket.

Full IGHG profile⁠

Full SPBO profile⁠

IGHG vs SPBO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IGHG vs SPBO Cost

Overpaying IGHG vs SPBO

$5,511

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IGHG 0.30%

    $6,149

  • SPBO 0.03%

    $638

$10,000
30 years

Cost over time

  • IGHG 0.30%
  • SPBO 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530IGHG $6,149SPBO $638

Year by year

YearIGHGSPBOOverpaying
10$545$55$490
20$2,113$216$1,897
30$6,149$638$5,511

Expense ratio

  • 0.30%IGHG
  • 0.03%SPBO, cheaper
  • Middle half of Investment Grade Corporate funds
  • Median 0.25%

SPBO cheapest of 49 funds

IGHG 30th cheapest of 49 funds

IGHG vs SPBO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
IGHG 5.15%
SPBO 5.28%, better
Payout (12M)
IGHG $3.98
SPBO $1.48
Last payment
IGHG $0.34
SPBO $0.12
Ex-dividend
IGHG Oct 1, 2026
SPBO Oct 1, 2026
Paid on
IGHG Oct 7, 2026
SPBO Oct 6, 2026
Frequency
IGHG Monthly
SPBO Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

IGHGMonthly · 45 paymentsAll IGHG payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.29; Mar 1, 2023 $0.29; Apr 3, 2023 $0.29; May 1, 2023 $0.30; Jun 1, 2023 $0.32; Jul 3, 2023 $0.31; Aug 1, 2023 $0.31; Sep 1, 2023 $0.34; Oct 2, 2023 $0.32; Nov 1, 2023 $0.34; Dec 1, 2023 $0.35; Dec 20, 2023 $0.33; Feb 1, 2024 $0.29; Mar 1, 2024 $0.34; Apr 1, 2024 $0.33; May 1, 2024 $0.34; Jun 3, 2024 $0.34; Jul 1, 2024 $0.34; Aug 1, 2024 $0.34; Sep 3, 2024 $0.33; Oct 1, 2024 $0.32; Nov 1, 2024 $0.33; Dec 2, 2024 $0.33; Dec 23, 2024 $0.33; Feb 3, 2025 $0.32; Mar 3, 2025 $0.34; Apr 1, 2025 $0.34; May 1, 2025 $0.36; Jun 2, 2025 $0.33; Jul 1, 2025 $0.34; Aug 1, 2025 $0.35; Sep 2, 2025 $0.34; Oct 1, 2025 $0.33; Nov 3, 2025 $0.32; Dec 1, 2025 $0.33; Dec 24, 2025 $0.32; Feb 2, 2026 $0.32; Mar 2, 2026 $0.33; Apr 1, 2026 $0.34; May 1, 2026 $0.34; Jun 1, 2026 $0.33; Jul 1, 2026 $0.33; Aug 3, 2026 $0.33; Sep 1, 2026 $0.34; Oct 1, 2026 $0.34. Use the arrow keys to read each point.$0$0.2520232026YTD
SPBOMonthly · 45 paymentsAll SPBO payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.11; Mar 1, 2023 $0.11; Apr 3, 2023 $0.11; May 1, 2023 $0.11; Jun 1, 2023 $0.11; Jul 3, 2023 $0.11; Aug 1, 2023 $0.12; Sep 1, 2023 $0.12; Oct 2, 2023 $0.12; Nov 1, 2023 $0.12; Dec 1, 2023 $0.12; Dec 18, 2023 $0.12; Feb 1, 2024 $0.13; Mar 1, 2024 $0.12; Apr 1, 2024 $0.13; May 1, 2024 $0.13; Jun 3, 2024 $0.13; Jul 1, 2024 $0.13; Aug 1, 2024 $0.13; Sep 3, 2024 $0.13; Oct 1, 2024 $0.13; Nov 1, 2024 $0.13; Dec 2, 2024 $0.13; Dec 19, 2024 $0.13; Feb 3, 2025 $0.13; Mar 3, 2025 $0.12; Apr 1, 2025 $0.12; May 1, 2025 $0.13; Jun 2, 2025 $0.13; Jul 1, 2025 $0.12; Aug 1, 2025 $0.12; Sep 2, 2025 $0.12; Oct 1, 2025 $0.12; Nov 3, 2025 $0.12; Dec 1, 2025 $0.12; Dec 18, 2025 $0.12; Feb 2, 2026 $0.12; Mar 2, 2026 $0.12; Apr 1, 2026 $0.12; May 1, 2026 $0.12; Jun 1, 2026 $0.12; Jul 1, 2026 $0.12; Aug 3, 2026 $0.12; Sep 1, 2026 $0.12; Oct 1, 2026 $0.12. Use the arrow keys to read each point.$0$0.2520232026YTD

IGHG vs SPBO Risk

Fall from peak · 5 years

  • IGHG
  • SPBO
Oct 29, 2021 to Oct 30, 2026. Worst fall: SPBO −21.7% · Oct 2022. Use the arrow keys to read each point.−20%−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
IGHG 3.0%, betterSPBO 6.4%
Return per unit of riskSharpe ratio, 3 years
IGHG 0.76, betterSPBO 0.34
Worst fallMax drawdown, 5 years
IGHG −8.2%, betterSPBO −21.7%
Market sensitivityBeta, 5 years
IGHG −0.02SPBO 1.11

IGHG and SPBO in the news

All news⁠

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