HYHG vs. FLRT
Compare and contrast key facts about ProShares High Yield-Interest Rate Hedged (HYHG) and Pacific Global Senior Loan ETF (FLRT).
HYHG and FLRT 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. FLRT is an actively managed fund by Pacific Life. It was launched on Feb 19, 2015.
Performance
HYHG vs. FLRT - Performance Comparison
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HYHG vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 0.76% | 5.31% | 11.41% | 14.69% | -1.71% | 5.75% | 0.16% | 12.02% | -1.95% | 3.76% |
FLRT Pacific Global Senior Loan ETF | -0.20% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
Returns By Period
In the year-to-date period, HYHG achieves a 0.76% return, which is significantly higher than FLRT's -0.20% return. Over the past 10 years, HYHG has outperformed FLRT with an annualized return of 6.25%, while FLRT has yielded a comparatively lower 4.94% annualized return.
HYHG
- 1D
- 0.75%
- 1M
- 0.37%
- YTD
- 0.76%
- 6M
- 2.21%
- 1Y
- 7.49%
- 3Y*
- 9.53%
- 5Y*
- 6.54%
- 10Y*
- 6.25%
FLRT
- 1D
- 0.04%
- 1M
- 0.58%
- YTD
- -0.20%
- 6M
- 1.29%
- 1Y
- 5.44%
- 3Y*
- 8.83%
- 5Y*
- 5.70%
- 10Y*
- 4.94%
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HYHG vs. FLRT - Expense Ratio Comparison
HYHG has a 0.50% expense ratio, which is lower than FLRT's 0.69% expense ratio.
Return for Risk
HYHG vs. FLRT — Risk / Return Rank
HYHG
FLRT
HYHG vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) and Pacific Global Senior Loan ETF (FLRT). 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 | FLRT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.80 | -0.87 |
Sortino ratioReturn per unit of downside risk | 1.40 | 2.31 | -0.91 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.56 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.15 | -0.42 |
Martin ratioReturn relative to average drawdown | 8.32 | 8.63 | -0.31 |
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 | FLRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.80 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 2.47 | -1.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.79 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.73 | -0.28 |
Correlation
The correlation between HYHG and FLRT is 0.14, 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. FLRT - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 6.92%, which matches FLRT's 6.92% 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% |
FLRT Pacific Global Senior Loan ETF | 6.92% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
Drawdowns
HYHG vs. FLRT - Drawdown Comparison
The maximum HYHG drawdown since its inception was -25.71%, which is greater than FLRT's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for HYHG and FLRT.
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Drawdown Indicators
| HYHG | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.71% | -20.96% | -4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -2.47% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -9.21% | -7.60% | -1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -25.71% | -20.96% | -4.75% |
Current DrawdownCurrent decline from peak | -0.57% | -0.88% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -1.43% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.62% | +0.27% |
Volatility
HYHG vs. FLRT - Volatility Comparison
ProShares High Yield-Interest Rate Hedged (HYHG) has a higher volatility of 2.37% compared to Pacific Global Senior Loan ETF (FLRT) at 0.46%. This indicates that HYHG's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYHG | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 0.46% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 1.22% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.09% | 3.04% | +5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 2.32% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 6.24% | +2.96% |