HYHG vs. IGHG
Compare and contrast key facts about ProShares High Yield-Interest Rate Hedged (HYHG) and ProShares Investment Grade-Interest Rate Hedged (IGHG).
HYHG and IGHG 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. IGHG is a passively managed fund by ProShares that tracks the performance of the Citi Corporate Investment Grade (Treasury Rate-Hedged) Index. It was launched on Nov 5, 2013. Both HYHG and IGHG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYHG or IGHG.
Correlation
The correlation between HYHG and IGHG is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HYHG vs. IGHG - Performance Comparison
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Key characteristics
HYHG:
0.88
IGHG:
1.21
HYHG:
1.32
IGHG:
1.74
HYHG:
1.21
IGHG:
1.23
HYHG:
1.04
IGHG:
1.66
HYHG:
4.10
IGHG:
6.44
HYHG:
1.89%
IGHG:
0.96%
HYHG:
8.71%
IGHG:
5.11%
HYHG:
-25.71%
IGHG:
-25.16%
HYHG:
-1.94%
IGHG:
-0.20%
Returns By Period
In the year-to-date period, HYHG achieves a 0.74% return, which is significantly higher than IGHG's 0.62% return. Over the past 10 years, HYHG has outperformed IGHG with an annualized return of 4.56%, while IGHG has yielded a comparatively lower 3.85% annualized return.
HYHG
0.74%
4.03%
1.54%
7.64%
8.82%
4.56%
IGHG
0.62%
1.91%
1.86%
6.15%
7.13%
3.85%
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HYHG vs. IGHG - Expense Ratio Comparison
HYHG has a 0.50% expense ratio, which is higher than IGHG's 0.30% expense ratio.
Risk-Adjusted Performance
HYHG vs. IGHG — Risk-Adjusted Performance Rank
HYHG
IGHG
HYHG vs. IGHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) and ProShares Investment Grade-Interest Rate Hedged (IGHG). 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.
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Dividends
HYHG vs. IGHG - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 6.85%, more than IGHG's 5.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 6.85% | 6.57% | 6.07% | 5.58% | 4.54% | 5.21% | 6.06% | 6.45% | 5.57% | 5.37% | 6.37% | 5.51% |
IGHG ProShares Investment Grade-Interest Rate Hedged | 5.20% | 5.06% | 4.99% | 3.55% | 2.50% | 2.79% | 3.48% | 4.13% | 3.36% | 3.37% | 3.65% | 3.59% |
Drawdowns
HYHG vs. IGHG - Drawdown Comparison
The maximum HYHG drawdown since its inception was -25.71%, roughly equal to the maximum IGHG drawdown of -25.16%. Use the drawdown chart below to compare losses from any high point for HYHG and IGHG. For additional features, visit the drawdowns tool.
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Volatility
HYHG vs. IGHG - Volatility Comparison
ProShares High Yield-Interest Rate Hedged (HYHG) has a higher volatility of 3.15% compared to ProShares Investment Grade-Interest Rate Hedged (IGHG) at 1.51%. This indicates that HYHG's price experiences larger fluctuations and is considered to be riskier than IGHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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