HYHG vs. RISR
Compare and contrast key facts about ProShares High Yield-Interest Rate Hedged (HYHG) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR).
HYHG and RISR 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. RISR is an actively managed fund by FolioBeyond. It was launched on Sep 30, 2021.
Performance
HYHG vs. RISR - Performance Comparison
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HYHG vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 0.76% | 5.31% | 11.41% | 14.69% | -1.71% | 1.10% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 1.80% | 4.63% | 24.20% | 7.02% | 31.98% | 0.02% |
Returns By Period
In the year-to-date period, HYHG achieves a 0.76% return, which is significantly lower than RISR's 1.80% 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%
RISR
- 1D
- -0.03%
- 1M
- 1.76%
- YTD
- 1.80%
- 6M
- 4.05%
- 1Y
- 6.34%
- 3Y*
- 12.12%
- 5Y*
- —
- 10Y*
- —
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HYHG vs. RISR - Expense Ratio Comparison
HYHG has a 0.50% expense ratio, which is lower than RISR's 1.13% expense ratio.
Return for Risk
HYHG vs. RISR — Risk / Return Rank
HYHG
RISR
HYHG vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR). 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 | RISR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.99 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.44 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.20 | -0.46 |
Martin ratioReturn relative to average drawdown | 8.32 | 4.70 | +3.62 |
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 | RISR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.99 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 1.25 | -0.80 |
Correlation
The correlation between HYHG and RISR is 0.02, 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. RISR - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 6.92%, more than RISR's 5.93% 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% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.93% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYHG vs. RISR - Drawdown Comparison
The maximum HYHG drawdown since its inception was -25.71%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for HYHG and RISR.
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Drawdown Indicators
| HYHG | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.71% | -14.31% | -11.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -2.61% | -1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -9.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.71% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -0.36% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -2.25% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.22% | -0.33% |
Volatility
HYHG vs. RISR - Volatility Comparison
ProShares High Yield-Interest Rate Hedged (HYHG) has a higher volatility of 2.37% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 2.03%. This indicates that HYHG's price experiences larger fluctuations and is considered to be riskier than RISR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYHG | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.03% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.02% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.09% | 6.45% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 12.04% | -3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 12.04% | -2.84% |