HYHG vs. FTSL
Compare and contrast key facts about ProShares High Yield-Interest Rate Hedged (HYHG) and First Trust Senior Loan Fund (FTSL).
HYHG and FTSL 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. FTSL is an actively managed fund by First Trust. It was launched on May 1, 2013.
Performance
HYHG vs. FTSL - Performance Comparison
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HYHG vs. FTSL - 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% |
FTSL First Trust Senior Loan Fund | -0.69% | 5.98% | 8.27% | 11.58% | -2.50% | 3.94% | 2.99% | 10.11% | -1.30% | 2.59% |
Returns By Period
In the year-to-date period, HYHG achieves a 0.76% return, which is significantly higher than FTSL's -0.69% return. Over the past 10 years, HYHG has outperformed FTSL with an annualized return of 6.25%, while FTSL has yielded a comparatively lower 4.50% 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%
FTSL
- 1D
- 0.11%
- 1M
- 1.04%
- YTD
- -0.69%
- 6M
- 0.98%
- 1Y
- 4.82%
- 3Y*
- 7.14%
- 5Y*
- 4.89%
- 10Y*
- 4.50%
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HYHG vs. FTSL - Expense Ratio Comparison
HYHG has a 0.50% expense ratio, which is lower than FTSL's 0.86% expense ratio.
Return for Risk
HYHG vs. FTSL — Risk / Return Rank
HYHG
FTSL
HYHG vs. FTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) and First Trust Senior Loan Fund (FTSL). 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 | FTSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.56 | -0.63 |
Sortino ratioReturn per unit of downside risk | 1.40 | 2.05 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.42 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.06 | -0.32 |
Martin ratioReturn relative to average drawdown | 8.32 | 7.37 | +0.95 |
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 | FTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.56 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.46 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.87 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.83 | -0.39 |
Correlation
The correlation between HYHG and FTSL is 0.33, 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. FTSL - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 6.92%, more than FTSL'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% |
FTSL First Trust Senior Loan Fund | 6.58% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
Drawdowns
HYHG vs. FTSL - Drawdown Comparison
The maximum HYHG drawdown since its inception was -25.71%, which is greater than FTSL's maximum drawdown of -22.67%. Use the drawdown chart below to compare losses from any high point for HYHG and FTSL.
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Drawdown Indicators
| HYHG | FTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.71% | -22.67% | -3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -2.33% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -9.21% | -6.96% | -2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -25.71% | -22.67% | -3.04% |
Current DrawdownCurrent decline from peak | -0.57% | -1.13% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -0.77% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.65% | +0.24% |
Volatility
HYHG vs. FTSL - Volatility Comparison
ProShares High Yield-Interest Rate Hedged (HYHG) has a higher volatility of 2.37% compared to First Trust Senior Loan Fund (FTSL) at 1.36%. This indicates that HYHG's price experiences larger fluctuations and is considered to be riskier than FTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYHG | FTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 1.36% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 1.91% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.09% | 3.11% | +4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 3.36% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 5.19% | +4.01% |