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

ETF Info

ISIN

US74348A5415

CUSIP

74348A541

Issuer

ProShares

Inception Date

May 21, 2013

Region

North America (U.S.)

Leveraged

1x

Index Tracked

Citi High Yield (Treasury Rate-Hedged) Index

Asset Class

Bond

Expense Ratio

HYHG has an expense ratio of 0.50%, placing it in the medium range.


Expense ratio chart for HYHG: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYHG: 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.


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.


50.00%100.00%150.00%200.00%250.00%NovemberDecember2025FebruaryMarchApril
56.14%
234.76%
HYHG (ProShares High Yield-Interest Rate Hedged)
Benchmark (^GSPC)

Returns By Period

ProShares High Yield-Interest Rate Hedged had a return of -1.15% year-to-date (YTD) and 6.16% 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 10.11%, indicating that ProShares High Yield-Interest Rate Hedged did not perform as well as the benchmark.


HYHG

YTD

-1.15%

1M

-0.90%

6M

1.14%

1Y

6.16%

5Y*

8.58%

10Y*

4.40%

^GSPC (Benchmark)

YTD

-6.06%

1M

-3.27%

6M

-4.87%

1Y

9.44%

5Y*

14.30%

10Y*

10.11%

*Annualized

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
20251.20%1.40%-3.70%0.03%-1.15%
20240.16%2.10%0.44%1.20%0.94%-0.09%0.98%0.77%1.02%1.43%1.25%0.69%11.42%
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%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of HYHG is 74, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of HYHG is 7474
Overall Rank
The Sharpe Ratio Rank of HYHG is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of HYHG is 6969
Sortino Ratio Rank
The Omega Ratio Rank of HYHG is 7676
Omega Ratio Rank
The Calmar Ratio Rank of HYHG is 7878
Calmar Ratio Rank
The Martin Ratio Rank of HYHG is 7777
Martin 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.


The chart of Sharpe ratio for HYHG, currently valued at 0.73, compared to the broader market-1.000.001.002.003.004.00
HYHG: 0.73
^GSPC: 0.46
The chart of Sortino ratio for HYHG, currently valued at 1.08, compared to the broader market-2.000.002.004.006.008.00
HYHG: 1.08
^GSPC: 0.77
The chart of Omega ratio for HYHG, currently valued at 1.18, compared to the broader market0.501.001.502.002.50
HYHG: 1.18
^GSPC: 1.11
The chart of Calmar ratio for HYHG, currently valued at 0.82, compared to the broader market0.002.004.006.008.0010.0012.00
HYHG: 0.82
^GSPC: 0.47
The chart of Martin ratio for HYHG, currently valued at 3.53, compared to the broader market0.0020.0040.0060.00
HYHG: 3.53
^GSPC: 1.94

The current ProShares High Yield-Interest Rate Hedged Sharpe ratio is 0.73. 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 Ratio0.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.73
0.46
HYHG (ProShares High Yield-Interest Rate Hedged)
Benchmark (^GSPC)

Dividends

Dividend History

ProShares High Yield-Interest Rate Hedged provided a 6.89% dividend yield over the last twelve months, with an annual payout of $4.39 per share. The fund has been increasing its distributions for 3 consecutive years.


4.50%5.00%5.50%6.00%6.50%$0.00$1.00$2.00$3.00$4.0020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$4.39$4.30$3.82$3.26$2.85$3.23$3.97$4.00$3.75$3.68$3.99$4.04

Dividend yield

6.89%6.57%6.07%5.58%4.54%5.21%6.06%6.45%5.57%5.37%6.37%5.51%

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
2025$0.00$0.37$0.37$0.38$1.12
2024$0.00$0.32$0.35$0.36$0.36$0.36$0.36$0.36$0.37$0.36$0.36$0.72$4.30
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$0.33$0.31$0.33$0.32$0.34$0.34$0.33$0.35$0.32$0.37$0.70$4.04

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.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-3.78%
-10.07%
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 3.78%.


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
-7.47%Feb 21, 202533Apr 8, 2025

Volatility

Volatility Chart

The current ProShares High Yield-Interest Rate Hedged volatility is 5.94%, 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.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
5.94%
14.23%
HYHG (ProShares High Yield-Interest Rate Hedged)
Benchmark (^GSPC)