ESHY vs. HYHG

Last updated Jul 15, 2026

ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) and HYHG (ProShares High Yield-Interest Rate Hedged) are both High Yield Bonds funds - ESHY tracks the JPMorgan ESG DM Corporate High Yield USD Index while HYHG tracks the Citi High Yield (Treasury Rate-Hedged) Index. Both are passively managed. ESHY charges 0.20%/yr vs 0.50%/yr for HYHG.

Performance

ESHY vs. HYHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) and ProShares High Yield-Interest Rate Hedged (HYHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ESHY

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYHG

• 1D: -0.34%
• 1M: 0.39%
• 6M: 3.26%
• YTD: 3.86%
• 1Y: 6.97%
• 3Y*: 9.05%
• 5Y*: 6.98%
• 10Y*: 5.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESHY vs. HYHG - Yearly Performance Comparison

	2026 (YTD)
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%
HYHG ProShares High Yield-Interest Rate Hedged	3.35%

Return for Risk

ESHY vs. HYHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESHY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HYHG

HYHG Risk / Return Rank: 57
HYHG Sharpe Ratio Rank: 43
HYHG Sortino Ratio Rank: 43
HYHG Omega Ratio Rank: 41
HYHG Calmar Ratio Rank: 82
HYHG Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESHY vs. HYHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ESHY	HYHG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.24	—
Sortino ratio: Return per unit of downside risk	—	1.80	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	3.46	—
Martin ratio: Return relative to average drawdown	—	11.53	—

Drawdowns

ESHY vs. HYHG - Drawdown Comparison

The maximum ESHY drawdown since its inception was 0.00%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for ESHY and HYHG.

Drawdown Indicators

	ESHY	HYHG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-25.71%	+25.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-7.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.71%	—
Current Drawdown Current decline from peak	0.00%	-0.34%	+0.34%
Average Drawdown Average peak-to-trough decline	0.00%	-3.02%	+3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.61%	—

Volatility

Volatility by Period

	ESHY	HYHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	5.63%	-5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	8.18%	-8.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	9.07%	-9.07%

ESHY vs. HYHG - Expense Ratio Comparison

ESHY has a 0.20% expense ratio, which is lower than HYHG's 0.50% expense ratio.

Dividends

ESHY vs. HYHG - Dividend Comparison

ESHY has not paid dividends to shareholders, while HYHG's dividend yield for the trailing twelve months is around 6.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	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	6.72%	6.97%	6.57%	6.07%	5.58%	4.54%	5.21%	6.06%	6.45%	5.57%	5.37%	6.37%

Frequently Asked Questions

Which ETF is better, ESHY or HYHG?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESHY or HYHG?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.50% for HYHG.

Which ETF pays a higher dividend yield, ESHY or HYHG?

HYHG has the higher dividend yield at 6.72%, compared with 0.00% for ESHY.

What is the main difference between ESHY and HYHG?

ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index, while HYHG tracks Citi High Yield (Treasury Rate-Hedged) Index. They also come from different issuers: Deutsche Bank and ProShares. Their fees differ too: 0.20% for ESHY and 0.50% for HYHG.