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LDRH vs. HYHG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LDRH vs. HYHG

Last updated Jun 5, 2026

LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and HYHG (ProShares High Yield-Interest Rate Hedged) are both High Yield Bonds funds - LDRH tracks the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index while HYHG tracks the Citi High Yield (Treasury Rate-Hedged) Index. Both are passively managed. Over the past year, LDRH returned 6.30% vs 7.52% for HYHG. At a 0.37 correlation, their price movements are largely independent. LDRH charges 0.35%/yr vs 0.50%/yr for HYHG.

Performance

LDRH vs. HYHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) and ProShares High Yield-Interest Rate Hedged (HYHG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LDRH achieves a 1.88% return, which is significantly lower than HYHG's 3.03% return.

LDRH

1D
0.08%
1M
0.29%
YTD
1.88%
6M
2.45%
1Y
6.30%
3Y*
—
5Y*
—
10Y*
—

HYHG

1D
0.12%
1M
0.64%
YTD
3.03%
6M
3.57%
1Y
7.52%
3Y*
9.78%
5Y*
6.99%
10Y*
6.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LDRH vs. HYHG - Yearly Performance Comparison

2026 (YTD)20252024
LDRH
iShares iBonds 1-5 Year High Yield and Income Ladder ETF		1.88%7.18%0.21%
HYHG
ProShares High Yield-Interest Rate Hedged		3.03%5.31%0.60%

Correlation

The correlation between LDRH and HYHG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Nov 11, 2024

0.37

LDRH vs. HYHG - Sectors Allocation Comparison

Sectors
LDRH
HYHG

Energy

100.0%

-

Basic Materials

-

-

Communication Services

-

1.1%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

0.6%

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Energy

LDRH
100.0%
HYHG

-

Basic Materials

LDRH

-

HYHG

-

Communication Services

LDRH

-

HYHG
1.1%

Consumer Cyclical

LDRH

-

HYHG

-

Consumer Defensive

LDRH

-

HYHG

-

Financial Services

LDRH

-

HYHG

-

Healthcare

LDRH

-

HYHG
0.6%

Industrials

LDRH

-

HYHG

-

Real Estate

LDRH

-

HYHG

-

Technology

LDRH

-

HYHG

-

Utilities

LDRH

-

HYHG

-

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iShares iBonds 1-5 Year High Yield and Income Ladder ETF

ProShares High Yield-Interest Rate Hedged

Often compared with LDRH:
LDRH vs. IBHELDRH vs. HYBLLDRH vs. SPHYLDRH vs. HYSLDRH vs. VGHYLDRH vs. IBHGLDRH vs. XHYF
Often compared with HYHG:
HYHG vs. HYGHHYHG vs. HYGHYHG vs. IGHGHYHG vs. SCHDHYHG vs. EIFAXHYHG vs. AOHYHYHG vs. PDI

Return for Risk

LDRH vs. HYHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LDRH
LDRH Risk / Return Rank: 8585
Overall Rank
LDRH Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
LDRH Sortino Ratio Rank: 8888
Sortino Ratio Rank
LDRH Omega Ratio Rank: 8181
Omega Ratio Rank
LDRH Calmar Ratio Rank: 8888
Calmar Ratio Rank
LDRH Martin Ratio Rank: 9191
Martin Ratio Rank
HYHG
HYHG Risk / Return Rank: 5252
Overall Rank
HYHG Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
HYHG Sortino Ratio Rank: 3939
Sortino Ratio Rank
HYHG Omega Ratio Rank: 3838
Omega Ratio Rank
HYHG Calmar Ratio Rank: 7575
Calmar Ratio Rank
HYHG Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LDRH vs. HYHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) and ProShares High Yield-Interest Rate Hedged (HYHG). 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.

LDRHHYHGDifference
Sharpe ratioReturn per unit of total volatility
2.43
1.36

+1.07

Sortino ratioReturn per unit of downside risk
3.92
1.98

+1.94

Omega ratioGain probability vs. loss probability

1.48

1.24

+0.23

Calmar ratioReturn relative to maximum drawdown

5.14

3.74

+1.40

Martin ratioReturn relative to average drawdown

21.43

12.28

+9.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDRH vs. HYHG - Sharpe Ratio Comparison

The current LDRH Sharpe Ratio is 2.43, which is higher than the HYHG Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of LDRH and HYHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

LDRHHYHGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.43

1.36

+1.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.86

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.67

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.70

0.46

+1.24

Drawdowns

LDRH vs. HYHG - Drawdown Comparison

The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for LDRH and HYHG.

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Drawdown Indicators

LDRHHYHGDifference

Max Drawdown

Largest peak-to-trough decline

-3.17%

-25.71%

+22.54%

Max Drawdown (1Y)

Largest decline over 1 year

-1.23%

-2.02%

+0.79%

Max Drawdown (3Y)

Largest decline over 3 years

—

-7.47%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-9.21%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.71%

—

Current Drawdown

Current decline from peak

-0.12%

-0.32%

+0.20%

Average Drawdown

Average peak-to-trough decline

-0.24%

-3.04%

+2.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.30%

0.61%

-0.31%

Volatility

LDRH vs. HYHG - Volatility Comparison

The current volatility for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) is 0.69%, while ProShares High Yield-Interest Rate Hedged (HYHG) has a volatility of 1.42%. This indicates that LDRH experiences smaller price fluctuations and is considered to be less risky than HYHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LDRHHYHGDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.69%

1.42%

-0.73%

Volatility (6M)

Calculated over the trailing 6-month period

1.97%

4.30%

-2.33%

Volatility (1Y)

Calculated over the trailing 1-year period

2.61%

5.56%

-2.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.51%

8.16%

-4.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.51%

9.15%

-5.64%

LDRH vs. HYHG - Expense Ratio Comparison

LDRH has a 0.35% expense ratio, which is lower than HYHG's 0.50% expense ratio.

Dividends

LDRH vs. HYHG - Dividend Comparison

LDRH's dividend yield for the trailing twelve months is around 6.99%, more than HYHG's 6.78% yield.

PositionTTM20252024202320222021202020192018201720162015
HYHG
ProShares High Yield-Interest Rate Hedged		6.78%6.97%6.57%6.07%5.58%4.54%5.21%6.06%6.45%5.57%5.37%6.37%
LDRH
iShares iBonds 1-5 Year High Yield and Income Ladder ETF		6.99%6.41%1.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LDRH and HYHG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HYHG has higher volatility (1.42%) compared to LDRH (0.69%). In terms of maximum drawdown, LDRH dropped -3.17% vs HYHG's -25.71%.

On 1-year performance, HYHG leads with 7.52% vs 6.30% for LDRH. On fees, LDRH is cheaper at 0.35% per year. On volatility, LDRH has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, HYHG has performed better with a 7.52% return vs 6.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

LDRH is cheaper with a 0.35% expense ratio, compared with 0.50% for HYHG.

LDRH has the higher dividend yield at 6.99%, compared with 6.78% for HYHG.

LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, while HYHG tracks Citi High Yield (Treasury Rate-Hedged) Index. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.35% for LDRH and 0.50% for HYHG.

LDRH currently has the higher Sharpe Ratio (2.43 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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