HYHG vs. XHYE
Compare and contrast key facts about ProShares High Yield-Interest Rate Hedged (HYHG) and BondBloxx US High Yield Energy Sector ETF (XHYE).
HYHG and XHYE 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. XHYE is a passively managed fund by BondBloxx that tracks the performance of the ICE Diversified US Cash Pay High Yield Energy Index. It was launched on Feb 15, 2022. Both HYHG and XHYE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
HYHG vs. XHYE - Performance Comparison
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HYHG vs. XHYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYHG ProShares High Yield-Interest Rate Hedged | 0.76% | 5.31% | 11.41% | 14.69% | 0.37% |
XHYE BondBloxx US High Yield Energy Sector ETF | 2.70% | 6.73% | 7.46% | 11.49% | -1.77% |
Returns By Period
In the year-to-date period, HYHG achieves a 0.76% return, which is significantly lower than XHYE's 2.70% 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%
XHYE
- 1D
- 0.42%
- 1M
- -0.19%
- YTD
- 2.70%
- 6M
- 3.36%
- 1Y
- 8.26%
- 3Y*
- 7.85%
- 5Y*
- —
- 10Y*
- —
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HYHG vs. XHYE - Expense Ratio Comparison
HYHG has a 0.50% expense ratio, which is higher than XHYE's 0.35% expense ratio.
Return for Risk
HYHG vs. XHYE — Risk / Return Rank
HYHG
XHYE
HYHG vs. XHYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares High Yield-Interest Rate Hedged (HYHG) and BondBloxx US High Yield Energy Sector ETF (XHYE). 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 | XHYE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.29 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.40 | 1.77 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.48 | +0.25 |
Martin ratioReturn relative to average drawdown | 8.32 | 6.58 | +1.74 |
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 | XHYE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.29 | -0.36 |
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 | 0.83 | -0.38 |
Correlation
The correlation between HYHG and XHYE is 0.53, 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.
Dividends
HYHG vs. XHYE - Dividend Comparison
HYHG's dividend yield for the trailing twelve months is around 6.92%, more than XHYE's 6.44% 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% |
XHYE BondBloxx US High Yield Energy Sector ETF | 6.44% | 6.55% | 7.04% | 6.46% | 5.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HYHG vs. XHYE - Drawdown Comparison
The maximum HYHG drawdown since its inception was -25.71%, which is greater than XHYE's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for HYHG and XHYE.
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Drawdown Indicators
| HYHG | XHYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.71% | -8.87% | -16.84% |
Max Drawdown (1Y)Largest decline over 1 year | -4.25% | -5.69% | +1.44% |
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% | -0.27% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -1.47% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.28% | -0.39% |
Volatility
HYHG vs. XHYE - Volatility Comparison
ProShares High Yield-Interest Rate Hedged (HYHG) has a higher volatility of 2.37% compared to BondBloxx US High Yield Energy Sector ETF (XHYE) at 1.01%. This indicates that HYHG's price experiences larger fluctuations and is considered to be riskier than XHYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYHG | XHYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 1.01% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 2.52% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.09% | 6.41% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 7.73% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 7.73% | +1.47% |