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.
Performance
HYHG vs. PDI - Performance Comparison
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HYHG vs. PDI - 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% |
PDI PIMCO Dynamic Income Fund | 1.93% | 11.03% | 17.18% | 11.99% | -16.99% | 7.81% | -9.96% | 22.23% | 7.35% | 18.59% |
Returns By Period
In the year-to-date period, HYHG achieves a 0.76% return, which is significantly lower than PDI's 1.93% return. Over the past 10 years, HYHG has underperformed PDI with an annualized return of 6.25%, while PDI has yielded a comparatively higher 8.32% 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%
PDI
- 1D
- 1.75%
- 1M
- -2.07%
- YTD
- 1.93%
- 6M
- -5.71%
- 1Y
- 1.36%
- 3Y*
- 13.79%
- 5Y*
- 3.93%
- 10Y*
- 8.32%
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Return for Risk
HYHG vs. PDI — Risk / Return Rank
HYHG
PDI
HYHG vs. PDI - Risk-Adjusted Trends 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.
| HYHG | PDI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.07 | +0.86 |
Sortino ratioReturn per unit of downside risk | 1.40 | 0.21 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.04 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.09 | +1.65 |
Martin ratioReturn relative to average drawdown | 8.32 | 0.26 | +8.06 |
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 | PDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.07 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.25 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.44 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.60 | -0.15 |
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.
Dividends
HYHG vs. PDI - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 6.92%, less than PDI's 15.20% 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% |
PDI PIMCO Dynamic Income Fund | 15.20% | 14.94% | 14.43% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 18.70% |
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.
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Drawdown Indicators
| HYHG | PDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.71% | -46.47% | +20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -14.34% | +10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -9.21% | -27.23% | +18.02% |
Max Drawdown (10Y)Largest decline over 10 years | -25.71% | -46.47% | +20.76% |
Current DrawdownCurrent decline from peak | -0.57% | -6.04% | +5.47% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -6.22% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 5.04% | -4.15% |
Volatility
HYHG vs. PDI - Volatility Comparison
The current volatility for ProShares High Yield-Interest Rate Hedged (HYHG) is 2.37%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 6.01%. 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.
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Volatility by Period
| HYHG | PDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 6.01% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 10.12% | -5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.09% | 18.44% | -10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 15.68% | -7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 19.06% | -9.86% |