HYHG vs. PFIX
Compare and contrast key facts about ProShares High Yield-Interest Rate Hedged (HYHG) and Simplify Interest Rate Hedge ETF (PFIX).
HYHG and PFIX 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. PFIX is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 10, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYHG or PFIX.
Correlation
The correlation between HYHG and PFIX is 0.60, 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. PFIX - Performance Comparison
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Key characteristics
HYHG:
0.86
PFIX:
0.59
HYHG:
1.25
PFIX:
1.16
HYHG:
1.20
PFIX:
1.13
HYHG:
0.97
PFIX:
0.61
HYHG:
3.86
PFIX:
2.08
HYHG:
1.88%
PFIX:
11.70%
HYHG:
8.67%
PFIX:
40.25%
HYHG:
-25.71%
PFIX:
-39.52%
HYHG:
-2.06%
PFIX:
-2.51%
Returns By Period
In the year-to-date period, HYHG achieves a 0.62% return, which is significantly lower than PFIX's 14.21% return.
HYHG
0.62%
3.32%
1.43%
7.39%
8.76%
4.57%
PFIX
14.21%
6.86%
26.29%
23.46%
N/A
N/A
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HYHG vs. PFIX - Expense Ratio Comparison
Both HYHG and PFIX have an expense ratio of 0.50%.
Risk-Adjusted Performance
HYHG vs. PFIX — Risk-Adjusted Performance Rank
HYHG
PFIX
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.
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Dividends
HYHG vs. PFIX - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 6.86%, more than PFIX's 3.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 6.86% | 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 | 3.19% | 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.
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Volatility
HYHG vs. PFIX - Volatility Comparison
The current volatility for ProShares High Yield-Interest Rate Hedged (HYHG) is 3.48%, while Simplify Interest Rate Hedge ETF (PFIX) has a volatility of 12.10%. 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.
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