USHY vs. HYHG
Compare and contrast key facts about iShares Broad USD High Yield Corporate Bond ETF (USHY) and ProShares High Yield-Interest Rate Hedged (HYHG).
USHY and HYHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017. 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. Both USHY and HYHG 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
USHY vs. HYHG - Performance Comparison
Loading graphics...
USHY vs. HYHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 0.14% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
HYHG ProShares High Yield-Interest Rate Hedged | 0.77% | 5.31% | 11.41% | 14.69% | -1.71% | 5.75% | 0.16% | 12.02% | -1.95% | -0.30% |
Returns By Period
In the year-to-date period, USHY achieves a 0.14% return, which is significantly lower than HYHG's 0.77% return.
USHY
- 1D
- 0.19%
- 1M
- -0.24%
- YTD
- 0.14%
- 6M
- 1.28%
- 1Y
- 7.26%
- 3Y*
- 8.52%
- 5Y*
- 4.25%
- 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.
USHY vs. HYHG - Expense Ratio Comparison
USHY has a 0.15% expense ratio, which is lower than HYHG's 0.50% expense ratio.
Return for Risk
USHY vs. HYHG — Risk / Return Rank
USHY
HYHG
USHY vs. HYHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) 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.
| USHY | HYHG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 0.86 | +0.46 |
Sortino ratioReturn per unit of downside risk | 1.94 | 1.29 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.77 | +0.14 |
Martin ratioReturn relative to average drawdown | 9.61 | 8.44 | +1.17 |
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
| USHY | HYHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 0.86 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.81 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.45 | +0.12 |
Correlation
The correlation between USHY and HYHG is 0.59, 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
USHY vs. HYHG - Dividend Comparison
USHY's dividend yield for the trailing twelve months is around 6.93%, which matches HYHG's 6.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.93% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 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
USHY vs. HYHG - Drawdown Comparison
The maximum USHY drawdown since its inception was -22.44%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for USHY and HYHG.
Loading graphics...
Drawdown Indicators
| USHY | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -25.71% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -3.03% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -9.21% | -6.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.71% | — |
Current DrawdownCurrent decline from peak | -0.84% | -0.55% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -3.08% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.89% | -0.11% |
Volatility
USHY vs. HYHG - Volatility Comparison
The current volatility for iShares Broad USD High Yield Corporate Bond ETF (USHY) is 2.19%, while ProShares High Yield-Interest Rate Hedged (HYHG) has a volatility of 2.35%. This indicates that USHY 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
| USHY | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 2.35% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 4.48% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.52% | 8.09% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.32% | 8.12% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.32% | 9.20% | -0.88% |