NJNK vs. HYHG
Compare and contrast key facts about Columbia U.S. High Yield ETF (NJNK) and ProShares High Yield-Interest Rate Hedged (HYHG).
NJNK and HYHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NJNK is an actively managed fund by Columbia. It was launched on Sep 5, 2024. 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.
Performance
NJNK vs. HYHG - Performance Comparison
Loading graphics...
NJNK vs. HYHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NJNK Columbia U.S. High Yield ETF | -0.36% | 9.03% | 0.62% |
HYHG ProShares High Yield-Interest Rate Hedged | 0.77% | 5.31% | 4.58% |
Returns By Period
In the year-to-date period, NJNK achieves a -0.36% return, which is significantly lower than HYHG's 0.77% return.
NJNK
- 1D
- 0.22%
- 1M
- -0.72%
- YTD
- -0.36%
- 6M
- 1.20%
- 1Y
- 7.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYHG
- 1D
- 0.02%
- 1M
- 0.72%
- YTD
- 0.77%
- 6M
- 2.34%
- 1Y
- 6.89%
- 3Y*
- 9.60%
- 5Y*
- 6.54%
- 10Y*
- 6.30%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NJNK vs. HYHG - Expense Ratio Comparison
NJNK has a 0.46% expense ratio, which is lower than HYHG's 0.50% expense ratio.
Return for Risk
NJNK vs. HYHG — Risk / Return Rank
NJNK
HYHG
NJNK vs. HYHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. High Yield ETF (NJNK) 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.
| NJNK | HYHG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 0.86 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.03 | 1.29 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.77 | +0.20 |
Martin ratioReturn relative to average drawdown | 9.57 | 8.44 | +1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NJNK | HYHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.86 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 0.45 | +0.77 |
Correlation
The correlation between NJNK and HYHG is 0.37, 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
NJNK vs. HYHG - Dividend Comparison
NJNK's dividend yield for the trailing twelve months is around 6.37%, less than HYHG's 6.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NJNK Columbia U.S. High Yield ETF | 6.37% | 6.34% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
NJNK vs. HYHG - Drawdown Comparison
The maximum NJNK drawdown since its inception was -4.48%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for NJNK and HYHG.
Loading graphics...
Drawdown Indicators
| NJNK | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.48% | -25.71% | +21.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.83% | -3.03% | -0.80% |
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 | -1.23% | -0.55% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -0.50% | -3.08% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.89% | -0.10% |
Volatility
NJNK vs. HYHG - Volatility Comparison
The current volatility for Columbia U.S. High Yield ETF (NJNK) is 2.08%, while ProShares High Yield-Interest Rate Hedged (HYHG) has a volatility of 2.35%. This indicates that NJNK 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.
Loading graphics...
Volatility by Period
| NJNK | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 2.35% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 4.48% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.38% | 8.09% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 8.12% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 9.20% | -4.36% |