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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYHG or FLRT.
Key characteristics
| HYHG | FLRT | |
|---|---|---|
| YTD Return | 10.76% | 8.03% |
| 1Y Return | 14.77% | 11.52% |
| 3Y Return (Ann) | 7.87% | 6.51% |
| 5Y Return (Ann) | 6.23% | 5.39% |
| Sharpe Ratio | 2.60 | 8.08 |
| Sortino Ratio | 3.95 | 14.09 |
| Omega Ratio | 1.59 | 4.00 |
| Calmar Ratio | 4.55 | 22.07 |
| Martin Ratio | 23.41 | 109.76 |
| Ulcer Index | 0.62% | 0.10% |
| Daily Std Dev | 5.57% | 1.42% |
| Max Drawdown | -25.72% | -20.96% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between HYHG and FLRT is 0.13, 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.
Performance
HYHG vs. FLRT - Performance Comparison
In the year-to-date period, HYHG achieves a 10.76% return, which is significantly higher than FLRT's 8.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
HYHG vs. FLRT - Risk-Adjusted Performance 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.
Dividends
HYHG vs. FLRT - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 6.53%, less than FLRT's 8.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 6.53% | 6.06% | 5.58% | 4.54% | 5.20% | 6.07% | 6.45% | 5.57% | 5.37% | 6.37% | 5.51% | 3.02% |
FLRT Pacific Global Senior Loan ETF | 8.26% | 8.42% | 5.81% | 3.16% | 3.51% | 4.31% | 3.95% | 3.20% | 3.38% | 3.21% | 0.00% | 0.00% |
Drawdowns
HYHG vs. FLRT - Drawdown Comparison
The maximum HYHG drawdown since its inception was -25.72%, 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. For additional features, visit the drawdowns tool.
Volatility
HYHG vs. FLRT - Volatility Comparison
ProShares High Yield-Interest Rate Hedged (HYHG) has a higher volatility of 1.04% compared to Pacific Global Senior Loan ETF (FLRT) at 0.21%. 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.