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 0.55, 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. PDI - Performance Comparison
Key characteristics
HYHG:
0.73
PDI:
0.70
HYHG:
1.08
PDI:
0.93
HYHG:
1.18
PDI:
1.23
HYHG:
0.82
PDI:
0.84
HYHG:
3.53
PDI:
3.02
HYHG:
1.73%
PDI:
4.00%
HYHG:
8.34%
PDI:
17.34%
HYHG:
-25.71%
PDI:
-46.47%
HYHG:
-3.78%
PDI:
-6.39%
Returns By Period
In the year-to-date period, HYHG achieves a -1.15% return, which is significantly lower than PDI's 5.05% return. Over the past 10 years, HYHG has underperformed PDI with an annualized return of 4.40%, while PDI has yielded a comparatively higher 7.61% annualized return.
HYHG
-1.15%
-0.90%
1.14%
6.16%
8.58%
4.40%
PDI
5.05%
-5.73%
0.87%
11.85%
8.61%
7.61%
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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 6.89%, less than PDI's 14.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 6.89% | 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 | 14.42% | 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 5.94%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 15.50%. 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.