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 |
| Index Tracked | Citi High Yield (Treasury Rate-Hedged) Index |
| Home Page | www.proshares.com |
| Asset Class | Bond |
Expense Ratio
The ProShares High Yield-Interest Rate Hedged has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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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 3.47% year-to-date (YTD) and 15.06% in the last 12 months. Over the past 10 years, ProShares High Yield-Interest Rate Hedged had an annualized return of 3.45%, while the S&P 500 had an annualized return of 10.42%, indicating that ProShares High Yield-Interest Rate Hedged did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.47% | 5.05% |
| 1 month | 0.46% | -4.27% |
| 6 months | 9.05% | 18.82% |
| 1 year | 15.06% | 21.22% |
| 5 years (annualized) | 4.93% | 11.38% |
| 10 years (annualized) | 3.45% | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.16% | 2.10% | 0.44% | |||||||||
| 2023 | 0.02% | -0.16% | 2.39% | 2.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
ProShares High Yield-Interest Rate Hedged(HYHG)
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 granted a 6.29% dividend yield in the last twelve months. The annual payout for that period amounted to $4.03 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.03 | $3.82 | $3.26 | $2.85 | $3.23 | $3.97 | $4.00 | $3.75 | $3.68 | $3.99 | $4.04 | $2.43 |
Dividend yield | 6.29% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.32 | $0.35 | |||||||||
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2013 | $0.11 | $0.33 | $0.37 | $0.36 | $0.35 | $0.29 | $0.62 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 0.26%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.71% | 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 1.24%, 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.