HYHG vs. PDI
Compare and contrast key facts about ProShares High Yield-Interest Rate Hedged (HYHG) and PIMCO Dynamic Income Fund (PDI).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYHG or PDI.
Correlation
The correlation between HYHG and PDI is 0.25, 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. PDI - Performance Comparison
Key characteristics
HYHG:
0.47
PDI:
0.28
HYHG:
0.66
PDI:
0.39
HYHG:
1.11
PDI:
1.10
HYHG:
0.46
PDI:
0.36
HYHG:
2.79
PDI:
1.11
HYHG:
1.17%
PDI:
3.48%
HYHG:
6.89%
PDI:
13.62%
HYHG:
-25.71%
PDI:
-46.47%
HYHG:
-7.06%
PDI:
-10.76%
Returns By Period
In the year-to-date period, HYHG achieves a -4.52% return, which is significantly lower than PDI's 0.15% return. Over the past 10 years, HYHG has underperformed PDI with an annualized return of 4.11%, while PDI has yielded a comparatively higher 7.34% annualized return.
HYHG
-4.52%
-5.18%
-1.92%
3.31%
8.92%
4.11%
PDI
0.15%
-10.30%
-7.72%
3.56%
10.66%
7.34%
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Risk-Adjusted Performance
HYHG vs. PDI — Risk-Adjusted Performance Rank
HYHG
PDI
HYHG vs. PDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) and PIMCO Dynamic Income Fund (PDI). 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. PDI - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 7.14%, less than PDI's 14.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 7.14% | 6.57% | 6.07% | 5.58% | 4.54% | 5.21% | 6.06% | 6.45% | 5.57% | 5.37% | 6.37% | 5.51% |
PDI PIMCO Dynamic Income Fund | 14.94% | 14.45% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 15.08% | 13.43% |
Drawdowns
HYHG vs. PDI - Drawdown Comparison
The maximum HYHG drawdown since its inception was -25.71%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for HYHG and PDI. For additional features, visit the drawdowns tool.
Volatility
HYHG vs. PDI - Volatility Comparison
The current volatility for ProShares High Yield-Interest Rate Hedged (HYHG) is 3.76%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 10.69%. This indicates that HYHG experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.