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ProShares High Yield-Interest Rate Hedged (HYHG)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS74348A5415
CUSIP74348A541
IssuerProShares
Inception DateMay 21, 2013
RegionNorth America (U.S.)
CategoryHigh Yield Bonds
Leveraged1x
Index TrackedCiti High Yield (Treasury Rate-Hedged) Index
Home Pagewww.proshares.com
Asset ClassBond

Expense Ratio

HYHG features an expense ratio of 0.50%, falling within the medium range.


Expense ratio chart for HYHG: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons: HYHG vs. HYG, HYHG vs. IGHG, HYHG vs. EIFAX, HYHG vs. HYGH, HYHG vs. PDI, HYHG vs. SJNK, HYHG vs. TBT, HYHG vs. PFIX, HYHG vs. FXAIX, HYHG vs. FLRT

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ProShares High Yield-Interest Rate Hedged, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%15.00%MayJuneJulyAugustSeptemberOctober
5.12%
14.88%
HYHG (ProShares High Yield-Interest Rate Hedged)
Benchmark (^GSPC)

Returns By Period

ProShares High Yield-Interest Rate Hedged had a return of 8.39% year-to-date (YTD) and 13.92% in the last 12 months. Over the past 10 years, ProShares High Yield-Interest Rate Hedged had an annualized return of 4.47%, while the S&P 500 had an annualized return of 11.99%, indicating that ProShares High Yield-Interest Rate Hedged did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date8.39%21.91%
1 month2.19%4.70%
6 months5.13%13.50%
1 year13.92%33.69%
5 years (annualized)6.02%14.40%
10 years (annualized)4.47%11.99%

Monthly Returns

The table below presents the monthly returns of HYHG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.16%2.10%0.44%1.20%0.94%-0.09%0.98%0.77%1.02%8.39%
20233.00%0.55%-0.38%0.03%0.11%3.89%1.38%0.74%0.02%-0.16%2.39%2.32%14.69%
2022-1.53%-0.04%1.79%-2.46%0.87%-6.38%4.88%-1.28%-0.41%4.30%0.34%-1.31%-1.71%
20210.24%0.78%1.58%0.07%-0.16%1.12%-0.55%0.90%0.58%0.24%-1.59%2.44%5.75%
2020-1.46%-2.41%-11.72%3.41%4.23%-0.64%5.14%0.30%-1.28%0.33%4.01%1.40%0.16%
20194.90%1.97%0.31%1.62%-3.03%2.69%0.30%-1.15%0.64%0.12%1.04%2.20%12.02%
20182.42%-0.79%-1.27%1.45%-0.44%0.42%2.27%0.01%1.74%-1.88%-1.21%-4.47%-1.95%
20170.91%1.05%-0.80%0.53%0.66%0.04%1.17%-1.19%1.04%0.47%-0.10%-0.04%3.77%
2016-4.08%1.32%4.13%3.51%0.54%-0.66%1.89%3.24%0.69%-0.14%1.93%2.71%15.86%
2015-1.94%4.49%-1.41%1.21%0.26%-1.46%-1.91%-2.58%-4.51%3.50%-2.48%-2.78%-9.53%
2014-1.06%1.71%0.34%0.05%-0.22%1.30%-0.74%0.00%-2.66%0.07%-2.20%-0.70%-4.12%
20130.54%-2.21%2.82%-1.39%0.24%2.64%-0.03%1.11%3.66%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of HYHG is 87, placing it in the top 13% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of HYHG is 8787
Combined Rank
The Sharpe Ratio Rank of HYHG is 7676Sharpe Ratio Rank
The Sortino Ratio Rank of HYHG is 8484Sortino Ratio Rank
The Omega Ratio Rank of HYHG is 8787Omega Ratio Rank
The Calmar Ratio Rank of HYHG is 9595Calmar Ratio Rank
The Martin Ratio Rank of HYHG is 9292Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


HYHG
Sharpe ratio
The chart of Sharpe ratio for HYHG, currently valued at 2.35, compared to the broader market0.002.004.002.35
Sortino ratio
The chart of Sortino ratio for HYHG, currently valued at 3.63, compared to the broader market0.005.0010.003.63
Omega ratio
The chart of Omega ratio for HYHG, currently valued at 1.52, compared to the broader market1.001.502.002.503.001.52
Calmar ratio
The chart of Calmar ratio for HYHG, currently valued at 4.34, compared to the broader market0.005.0010.0015.004.34
Martin ratio
The chart of Martin ratio for HYHG, currently valued at 21.87, compared to the broader market0.0020.0040.0060.0080.00100.0021.87
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.63, compared to the broader market0.002.004.002.63
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.52, compared to the broader market0.005.0010.003.52
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.48, compared to the broader market1.001.502.002.503.001.48
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.32, compared to the broader market0.005.0010.0015.002.32
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 16.07, compared to the broader market0.0020.0040.0060.0080.00100.0016.07

Sharpe Ratio

The current ProShares High Yield-Interest Rate Hedged Sharpe ratio is 2.35. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of ProShares High Yield-Interest Rate Hedged with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.502.002.503.00MayJuneJulyAugustSeptemberOctober
2.35
2.63
HYHG (ProShares High Yield-Interest Rate Hedged)
Benchmark (^GSPC)

Dividends

Dividend History

ProShares High Yield-Interest Rate Hedged granted a 6.61% dividend yield in the last twelve months. The annual payout for that period amounted to $4.28 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$4.28$3.82$3.26$2.85$3.23$3.97$4.00$3.75$3.68$3.99$4.04$2.43

Dividend yield

6.61%6.07%5.58%4.54%5.21%6.06%6.45%5.57%5.37%6.37%5.51%3.02%

Monthly Dividends

The table displays the monthly dividend distributions for ProShares High Yield-Interest Rate Hedged. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.32$0.35$0.36$0.36$0.36$0.36$0.36$0.37$0.36$3.22
2023$0.00$0.29$0.23$0.30$0.31$0.32$0.32$0.32$0.33$0.34$0.34$0.72$3.82
2022$0.00$0.21$0.24$0.25$0.23$0.28$0.29$0.27$0.26$0.33$0.29$0.61$3.26
2021$0.00$0.25$0.23$0.24$0.24$0.24$0.24$0.23$0.24$0.24$0.24$0.47$2.85
2020$0.00$0.28$0.28$0.21$0.29$0.33$0.28$0.24$0.27$0.26$0.26$0.53$3.23
2019$0.00$0.34$0.31$0.38$0.33$0.33$0.36$0.33$0.31$0.32$0.30$0.65$3.97
2018$0.00$0.30$0.32$0.33$0.34$0.33$0.34$0.33$0.33$0.34$0.33$0.71$4.00
2017$0.00$0.28$0.27$0.33$0.29$0.32$0.30$0.30$0.33$0.33$0.33$0.66$3.75
2016$0.00$0.35$0.31$0.29$0.31$0.31$0.31$0.31$0.31$0.30$0.31$0.56$3.68
2015$0.00$0.34$0.31$0.33$0.32$0.34$0.31$0.34$0.37$0.35$0.36$0.60$3.99
2014$0.00$0.33$0.31$0.33$0.32$0.34$0.34$0.33$0.35$0.32$0.37$0.70$4.04
2013$0.11$0.33$0.37$0.36$0.35$0.29$0.62$2.43

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%MayJuneJulyAugustSeptemberOctober
-0.06%
0
HYHG (ProShares High Yield-Interest Rate Hedged)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares High Yield-Interest Rate Hedged. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ProShares High Yield-Interest Rate Hedged was 25.71%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.

The current ProShares High Yield-Interest Rate Hedged drawdown is 0.06%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-25.71%Jan 16, 202046Mar 23, 2020201Jan 7, 2021247
-23.22%May 19, 2014438Feb 11, 2016264Mar 1, 2017702
-9.21%Apr 5, 202262Jul 5, 2022133Jan 12, 2023195
-9.06%Oct 2, 201858Dec 24, 201870Apr 5, 2019128
-5.41%Mar 7, 20239Mar 17, 202358Jun 9, 202367

Volatility

Volatility Chart

The current ProShares High Yield-Interest Rate Hedged volatility is 0.96%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%MayJuneJulyAugustSeptemberOctober
0.96%
2.82%
HYHG (ProShares High Yield-Interest Rate Hedged)
Benchmark (^GSPC)