HYHG vs. BITU
HYHG (ProShares High Yield-Interest Rate Hedged) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - HYHG is a High Yield Bonds fund tracking the Citi High Yield (Treasury Rate-Hedged) Index, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, HYHG returned 7.52% vs -73.89% for BITU. At a 0.22 correlation, their price movements are largely independent. HYHG charges 0.50%/yr vs 0.95%/yr for BITU.
Performance
HYHG vs. BITU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYHG achieves a 3.03% return, which is significantly higher than BITU's -55.56% return.
HYHG
- 1D
- 0.12%
- 1M
- 0.64%
- YTD
- 3.03%
- 6M
- 3.57%
- 1Y
- 7.52%
- 3Y*
- 9.78%
- 5Y*
- 6.99%
- 10Y*
- 6.12%
BITU
- 1D
- -5.61%
- 1M
- -40.78%
- YTD
- -55.56%
- 6M
- -61.06%
- 1Y
- -73.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYHG vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 3.03% | 5.31% | 8.30% |
BITU Proshares Ultra Bitcoin ETF | -55.56% | -37.07% | 37.90% |
Correlation
The correlation between HYHG and BITU is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.22 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYHG vs. BITU — Risk / Return Rank
HYHG
BITU
HYHG vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) and Proshares Ultra Bitcoin ETF (BITU). 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 | BITU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.21 | ||
| Sortino ratioReturn per unit of downside risk | +3.45 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.84 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | -0.92 | +4.66 |
| Martin ratioReturn relative to average drawdown | 12.28 | -1.48 | +13.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HYHG | BITU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | -0.85 | +2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | -0.37 | +0.83 |
Drawdowns
HYHG vs. BITU - Drawdown Comparison
The maximum HYHG drawdown since its inception was -25.71%, smaller than the maximum BITU drawdown of -80.13%. Use the drawdown chart below to compare losses from any high point for HYHG and BITU.
Loading charts...
Drawdown Indicators
| HYHG | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.71% | -80.13% | +54.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -80.13% | +78.11% |
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 DrawdownCurrent decline from peak | -0.32% | -80.13% | +79.81% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -34.58% | +31.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 50.09% | -49.48% |
Volatility
HYHG vs. BITU - Volatility Comparison
The current volatility for ProShares High Yield-Interest Rate Hedged (HYHG) is 1.42%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 18.31%. This indicates that HYHG experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYHG | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 18.31% | -16.89% |
Volatility (6M)Calculated over the trailing 6-month period | 4.30% | 68.43% | -64.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 87.07% | -81.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.16% | 97.43% | -89.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.15% | 97.43% | -88.28% |
HYHG vs. BITU - Expense Ratio Comparison
HYHG has a 0.50% expense ratio, which is lower than BITU's 0.95% expense ratio.
Dividends
HYHG vs. BITU - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 6.78%, less than BITU's 88.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 88.31% | 50.23% | 0.12% | 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 | 6.78% | 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
HYHG and BITU have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (18.31%) compared to HYHG (1.42%). In terms of maximum drawdown, HYHG dropped -25.71% vs BITU's -80.13%.
On 1-year performance, HYHG leads with 7.52% vs -73.89% for BITU. On fees, HYHG is cheaper at 0.50% per year. On volatility, HYHG has been the lower-risk option at 1.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HYHG has performed better with a 7.52% return vs -73.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYHG is cheaper with a 0.50% expense ratio, compared with 0.95% for BITU.
BITU has the higher dividend yield at 88.31%, compared with 6.78% for HYHG.
HYHG is categorized as High Yield Bonds, while BITU is Cryptocurrency. HYHG tracks Citi High Yield (Treasury Rate-Hedged) Index, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross. Their fees differ too: 0.50% for HYHG and 0.95% for BITU.
HYHG currently has the higher Sharpe Ratio (1.36 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HYHG and BITU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer