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HYHG vs. PFIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HYHG and PFIX is 0.61, 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.


-0.50.00.51.0
Correlation: 0.6

Performance

HYHG vs. PFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares High Yield-Interest Rate Hedged (HYHG) and Simplify Interest Rate Hedge ETF (PFIX). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
27.54%
105.83%
HYHG
PFIX

Key characteristics

Sharpe Ratio

HYHG:

0.76

PFIX:

0.25

Sortino Ratio

HYHG:

1.12

PFIX:

0.67

Omega Ratio

HYHG:

1.19

PFIX:

1.07

Calmar Ratio

HYHG:

0.85

PFIX:

0.25

Martin Ratio

HYHG:

3.71

PFIX:

0.64

Ulcer Index

HYHG:

1.71%

PFIX:

15.22%

Daily Std Dev

HYHG:

8.34%

PFIX:

39.97%

Max Drawdown

HYHG:

-25.71%

PFIX:

-39.52%

Current Drawdown

HYHG:

-3.85%

PFIX:

-9.18%

Returns By Period

In the year-to-date period, HYHG achieves a -1.22% return, which is significantly lower than PFIX's 6.39% return.


HYHG

YTD

-1.22%

1M

-1.50%

6M

1.10%

1Y

6.09%

5Y*

8.57%

10Y*

4.41%

PFIX

YTD

6.39%

1M

12.22%

6M

15.50%

1Y

7.56%

5Y*

N/A

10Y*

N/A

*Annualized

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HYHG vs. PFIX - Expense Ratio Comparison

Both HYHG and PFIX have an expense ratio of 0.50%.


Expense ratio chart for HYHG: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HYHG: 0.50%
Expense ratio chart for PFIX: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PFIX: 0.50%

Risk-Adjusted Performance

HYHG vs. PFIX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYHG
The Risk-Adjusted Performance Rank of HYHG is 7676
Overall Rank
The Sharpe Ratio Rank of HYHG is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of HYHG is 7272
Sortino Ratio Rank
The Omega Ratio Rank of HYHG is 7878
Omega Ratio Rank
The Calmar Ratio Rank of HYHG is 8080
Calmar Ratio Rank
The Martin Ratio Rank of HYHG is 7979
Martin Ratio Rank

PFIX
The Risk-Adjusted Performance Rank of PFIX is 4343
Overall Rank
The Sharpe Ratio Rank of PFIX is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of PFIX is 5151
Sortino Ratio Rank
The Omega Ratio Rank of PFIX is 4444
Omega Ratio Rank
The Calmar Ratio Rank of PFIX is 4545
Calmar Ratio Rank
The Martin Ratio Rank of PFIX is 3737
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HYHG vs. PFIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) and Simplify Interest Rate Hedge ETF (PFIX). 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.


The chart of Sharpe ratio for HYHG, currently valued at 0.76, compared to the broader market-1.000.001.002.003.004.00
HYHG: 0.76
PFIX: 0.25
The chart of Sortino ratio for HYHG, currently valued at 1.12, compared to the broader market-2.000.002.004.006.008.00
HYHG: 1.12
PFIX: 0.67
The chart of Omega ratio for HYHG, currently valued at 1.19, compared to the broader market0.501.001.502.002.50
HYHG: 1.19
PFIX: 1.07
The chart of Calmar ratio for HYHG, currently valued at 0.85, compared to the broader market0.002.004.006.008.0010.0012.00
HYHG: 0.85
PFIX: 0.25
The chart of Martin ratio for HYHG, currently valued at 3.71, compared to the broader market0.0020.0040.0060.00
HYHG: 3.71
PFIX: 0.64

The current HYHG Sharpe Ratio is 0.76, which is higher than the PFIX Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of HYHG and PFIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2025FebruaryMarchApril
0.76
0.25
HYHG
PFIX

Dividends

HYHG vs. PFIX - Dividend Comparison

HYHG's dividend yield for the trailing twelve months is around 6.90%, more than PFIX's 3.36% yield.


TTM20242023202220212020201920182017201620152014
HYHG
ProShares High Yield-Interest Rate Hedged
6.90%6.57%6.07%5.58%4.54%5.21%6.06%6.45%5.57%5.37%6.37%5.51%
PFIX
Simplify Interest Rate Hedge ETF
3.36%3.40%80.99%0.63%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

HYHG vs. PFIX - Drawdown Comparison

The maximum HYHG drawdown since its inception was -25.71%, smaller than the maximum PFIX drawdown of -39.52%. Use the drawdown chart below to compare losses from any high point for HYHG and PFIX. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-3.85%
-9.18%
HYHG
PFIX

Volatility

HYHG vs. PFIX - Volatility Comparison

The current volatility for ProShares High Yield-Interest Rate Hedged (HYHG) is 5.95%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 15.57%. This indicates that HYHG experiences smaller price fluctuations and is considered to be less risky than PFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
5.95%
15.57%
HYHG
PFIX