AOHY vs. HYHG
Compare and contrast key facts about Angel Oak High Yield Opportunities ETF (AOHY) and ProShares High Yield-Interest Rate Hedged (HYHG).
AOHY and HYHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOHY is an actively managed fund by Angel Oak. It was launched on Mar 31, 2009. HYHG is a passively managed fund by ProShares that tracks the performance of the Citi High Yield (Treasury Rate-Hedged) Index. It was launched on May 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOHY or HYHG.
Correlation
The correlation between AOHY and HYHG is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AOHY vs. HYHG - Performance Comparison
Key characteristics
AOHY:
3.21%
HYHG:
4.38%
AOHY:
-1.64%
HYHG:
-25.72%
AOHY:
-0.18%
HYHG:
-0.18%
Returns By Period
In the year-to-date period, AOHY achieves a 1.43% return, which is significantly lower than HYHG's 1.53% return.
AOHY
1.43%
0.88%
3.20%
9.05%
N/A
N/A
HYHG
1.53%
0.57%
6.85%
11.59%
6.23%
4.70%
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AOHY vs. HYHG - Expense Ratio Comparison
AOHY has a 0.55% expense ratio, which is higher than HYHG's 0.50% expense ratio.
Risk-Adjusted Performance
AOHY vs. HYHG — Risk-Adjusted Performance Rank
AOHY
HYHG
AOHY vs. HYHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Angel Oak High Yield Opportunities ETF (AOHY) and ProShares High Yield-Interest Rate Hedged (HYHG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDividends
AOHY vs. HYHG - Dividend Comparison
AOHY's dividend yield for the trailing twelve months is around 6.42%, less than HYHG's 6.57% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOHY Angel Oak High Yield Opportunities ETF | 6.42% | 6.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYHG ProShares High Yield-Interest Rate Hedged | 6.57% | 6.57% | 6.06% | 5.58% | 4.54% | 5.20% | 6.07% | 6.45% | 5.57% | 5.37% | 6.37% | 5.51% |
Drawdowns
AOHY vs. HYHG - Drawdown Comparison
The maximum AOHY drawdown since its inception was -1.64%, smaller than the maximum HYHG drawdown of -25.72%. Use the drawdown chart below to compare losses from any high point for AOHY and HYHG. For additional features, visit the drawdowns tool.
Volatility
AOHY vs. HYHG - Volatility Comparison
Angel Oak High Yield Opportunities ETF (AOHY) has a higher volatility of 0.89% compared to ProShares High Yield-Interest Rate Hedged (HYHG) at 0.84%. This indicates that AOHY's price experiences larger fluctuations and is considered to be riskier than HYHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.