HYGH vs. HYHG
Compare and contrast key facts about iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and ProShares High Yield-Interest Rate Hedged (HYHG).
HYGH and HYHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGH is an actively managed fund by iShares. It was launched on May 27, 2014. 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: HYGH or HYHG.
Correlation
The correlation between HYGH and HYHG is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYGH vs. HYHG - Performance Comparison
Key characteristics
HYGH:
0.96
HYHG:
0.76
HYGH:
1.23
HYHG:
1.12
HYGH:
1.25
HYHG:
1.19
HYGH:
0.90
HYHG:
0.85
HYGH:
5.71
HYHG:
3.71
HYGH:
1.27%
HYHG:
1.71%
HYGH:
7.55%
HYHG:
8.34%
HYGH:
-23.88%
HYHG:
-25.71%
HYGH:
-1.96%
HYHG:
-3.85%
Returns By Period
In the year-to-date period, HYGH achieves a -0.20% return, which is significantly higher than HYHG's -1.22% return. Over the past 10 years, HYGH has outperformed HYHG with an annualized return of 4.88%, while HYHG has yielded a comparatively lower 4.41% annualized return.
HYGH
-0.20%
-1.02%
1.91%
6.99%
8.52%
4.88%
HYHG
-1.22%
-1.50%
1.10%
6.09%
8.57%
4.41%
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HYGH vs. HYHG - Expense Ratio Comparison
HYGH has a 0.53% expense ratio, which is higher than HYHG's 0.50% expense ratio.
Risk-Adjusted Performance
HYGH vs. HYHG — Risk-Adjusted Performance Rank
HYGH
HYHG
HYGH vs. HYHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) 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.
Dividends
HYGH vs. HYHG - Dividend Comparison
HYGH's dividend yield for the trailing twelve months is around 7.68%, more than HYHG's 6.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYGH iShares Interest Rate Hedged High Yield Bond ETF | 7.68% | 7.85% | 8.95% | 6.21% | 3.74% | 4.06% | 4.89% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% |
HYHG ProShares High Yield-Interest Rate Hedged | 6.90% | 6.57% | 6.07% | 5.58% | 4.54% | 5.21% | 6.06% | 6.45% | 5.57% | 5.37% | 6.37% | 5.51% |
Drawdowns
HYGH vs. HYHG - Drawdown Comparison
The maximum HYGH drawdown since its inception was -23.88%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for HYGH and HYHG. For additional features, visit the drawdowns tool.
Volatility
HYGH vs. HYHG - Volatility Comparison
iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and ProShares High Yield-Interest Rate Hedged (HYHG) have volatilities of 6.21% and 5.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.