ProShares High Yield-Interest Rate Hedged (HYHG)
HYHG is a passive ETF by ProShares tracking the investment results of the Citi High Yield (Treasury Rate-Hedged) Index. HYHG launched on May 21, 2013 and has a 0.50% expense ratio.
ETF Info
| ISIN | US74348A5415 |
|---|---|
| CUSIP | 74348A541 |
| Issuer | ProShares |
| Inception Date | May 21, 2013 |
| Region | North America (U.S.) |
| Category | High Yield Bonds |
| Leveraged | 1x |
| Index Tracked | Citi High Yield (Treasury Rate-Hedged) Index |
| Home Page | www.proshares.com |
| Asset Class | Bond |
Expense Ratio
HYHG features an expense ratio of 0.50%, falling within the medium range.
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.
Returns By Period
ProShares High Yield-Interest Rate Hedged had a return of 10.58% year-to-date (YTD) and 14.22% in the last 12 months. Over the past 10 years, ProShares High Yield-Interest Rate Hedged had an annualized return of 4.40%, while the S&P 500 had an annualized return of 11.39%, indicating that ProShares High Yield-Interest Rate Hedged did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.58% | 25.45% |
| 1 month | 2.03% | 2.91% |
| 6 months | 6.18% | 14.05% |
| 1 year | 14.22% | 35.64% |
| 5 years (annualized) | 6.30% | 14.13% |
| 10 years (annualized) | 4.40% | 11.39% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.16% | 2.10% | 0.44% | 1.20% | 0.94% | -0.09% | 0.98% | 0.77% | 1.02% | 1.43% | 10.58% | ||
| 2023 | 3.00% | 0.55% | -0.38% | 0.03% | 0.11% | 3.89% | 1.38% | 0.74% | 0.02% | -0.16% | 2.39% | 2.31% | 14.69% |
| 2022 | -1.53% | -0.04% | 1.79% | -2.46% | 0.87% | -6.37% | 4.88% | -1.28% | -0.41% | 4.30% | 0.34% | -1.31% | -1.71% |
| 2021 | 0.24% | 0.78% | 1.58% | 0.07% | -0.16% | 1.12% | -0.55% | 0.90% | 0.58% | 0.24% | -1.58% | 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% |
| 2019 | 4.90% | 1.97% | 0.31% | 1.62% | -3.03% | 2.69% | 0.30% | -1.15% | 0.64% | 0.12% | 1.04% | 2.20% | 12.02% |
| 2018 | 2.42% | -0.79% | -1.27% | 1.45% | -0.43% | 0.42% | 2.27% | 0.01% | 1.74% | -1.88% | -1.21% | -4.46% | -1.94% |
| 2017 | 0.91% | 1.05% | -0.80% | 0.53% | 0.66% | 0.03% | 1.17% | -1.19% | 1.05% | 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% | 15.85% |
| 2015 | -1.94% | 4.49% | -1.41% | 1.21% | 0.27% | -1.46% | -1.91% | -2.58% | -4.51% | 3.50% | -2.47% | -2.78% | -9.53% |
| 2014 | -1.06% | 1.71% | 0.34% | 0.04% | -0.22% | 1.30% | -0.74% | -0.01% | -2.66% | 0.07% | -2.20% | -0.70% | -4.12% |
| 2013 | 0.54% | -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 82, placing it in the top 18% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
ProShares High Yield-Interest Rate Hedged provided a 6.54% dividend yield over the last twelve months, with an annual payout of $4.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.30 | $3.81 | $3.26 | $2.85 | $3.23 | $3.97 | $4.01 | $3.75 | $3.68 | $3.99 | $4.04 | $2.43 |
Dividend yield | 6.54% | 6.06% | 5.58% | 4.54% | 5.20% | 6.07% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.32 | $0.35 | $0.36 | $0.36 | $0.37 | $0.36 | $0.36 | $0.37 | $0.36 | $0.36 | $3.58 | |
| 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 | $3.81 |
| 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 | $0.25 | $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 | $0.34 | $0.71 | $4.01 |
| 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 | $0.32 | $0.31 | $0.31 | $0.31 | $0.30 | $0.31 | $0.56 | $3.68 |
| 2015 | $0.00 | $0.34 | $0.31 | $0.34 | $0.33 | $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.
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 25.72%, occurring on Mar 23, 2020. Recovery took 201 trading sessions.
The current ProShares High Yield-Interest Rate Hedged drawdown is 0.15%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.72% | Jan 16, 2020 | 46 | Mar 23, 2020 | 201 | Jan 7, 2021 | 247 |
| -23.22% | May 19, 2014 | 438 | Feb 11, 2016 | 264 | Mar 1, 2017 | 702 |
| -9.21% | Apr 5, 2022 | 62 | Jul 5, 2022 | 133 | Jan 12, 2023 | 195 |
| -9.06% | Oct 2, 2018 | 58 | Dec 24, 2018 | 70 | Apr 5, 2019 | 128 |
| -5.41% | Mar 7, 2023 | 9 | Mar 17, 2023 | 58 | Jun 9, 2023 | 67 |
Volatility
Volatility Chart
The current ProShares High Yield-Interest Rate Hedged volatility is 1.03%, 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.