HYHG vs. AOHY
Compare and contrast key facts about ProShares High Yield-Interest Rate Hedged (HYHG) and Angel Oak High Yield Opportunities ETF (AOHY).
HYHG and AOHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AOHY is an actively managed fund by Angel Oak. It was launched on Mar 31, 2009.
Performance
HYHG vs. AOHY - Performance Comparison
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HYHG vs. AOHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 0.77% | 5.31% | 9.89% |
AOHY Angel Oak High Yield Opportunities ETF | 0.49% | 7.62% | 7.50% |
Returns By Period
In the year-to-date period, HYHG achieves a 0.77% return, which is significantly higher than AOHY's 0.49% return.
HYHG
- 1D
- 0.02%
- 1M
- 0.72%
- YTD
- 0.77%
- 6M
- 2.34%
- 1Y
- 6.89%
- 3Y*
- 9.60%
- 5Y*
- 6.54%
- 10Y*
- 6.30%
AOHY
- 1D
- 0.46%
- 1M
- -0.64%
- YTD
- 0.49%
- 6M
- 1.33%
- 1Y
- 6.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HYHG vs. AOHY - Expense Ratio Comparison
HYHG has a 0.50% expense ratio, which is lower than AOHY's 0.55% expense ratio.
Return for Risk
HYHG vs. AOHY — Risk / Return Rank
HYHG
AOHY
HYHG vs. AOHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) and Angel Oak High Yield Opportunities ETF (AOHY). 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.
| HYHG | AOHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.57 | -0.71 |
Sortino ratioReturn per unit of downside risk | 1.29 | 2.30 | -1.01 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.92 | -0.16 |
Martin ratioReturn relative to average drawdown | 8.44 | 10.01 | -1.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYHG | AOHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.57 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.94 | -1.49 |
Correlation
The correlation between HYHG and AOHY is 0.32, 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.
Dividends
HYHG vs. AOHY - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 6.92%, more than AOHY's 6.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 6.92% | 6.97% | 6.57% | 6.07% | 5.58% | 4.54% | 5.21% | 6.06% | 6.45% | 5.57% | 5.37% | 6.37% |
AOHY Angel Oak High Yield Opportunities ETF | 6.58% | 6.53% | 6.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYHG vs. AOHY - Drawdown Comparison
The maximum HYHG drawdown since its inception was -25.71%, which is greater than AOHY's maximum drawdown of -4.17%. Use the drawdown chart below to compare losses from any high point for HYHG and AOHY.
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Drawdown Indicators
| HYHG | AOHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.71% | -4.17% | -21.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -3.55% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -9.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.71% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.72% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -0.36% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.68% | +0.21% |
Volatility
HYHG vs. AOHY - Volatility Comparison
ProShares High Yield-Interest Rate Hedged (HYHG) has a higher volatility of 2.35% compared to Angel Oak High Yield Opportunities ETF (AOHY) at 1.93%. This indicates that HYHG's price experiences larger fluctuations and is considered to be riskier than AOHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYHG | AOHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 1.93% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 2.56% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.09% | 4.43% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 3.83% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 3.83% | +5.37% |