VSHY vs. HYHG
Compare and contrast key facts about Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) and ProShares High Yield-Interest Rate Hedged (HYHG).
VSHY and HYHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VSHY is an actively managed fund by Virtus. It was launched on Dec 5, 2016. 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
VSHY vs. HYHG - Performance Comparison
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VSHY vs. HYHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VSHY Virtus Newfleet Short Duration High Yield Bond ETF | 0.28% | 6.87% | 8.03% | 3.76% |
HYHG ProShares High Yield-Interest Rate Hedged | 0.77% | 5.31% | 11.41% | 2.59% |
Returns By Period
In the year-to-date period, VSHY achieves a 0.28% return, which is significantly lower than HYHG's 0.77% return.
VSHY
- 1D
- 0.21%
- 1M
- -0.56%
- YTD
- 0.28%
- 6M
- 1.23%
- 1Y
- 6.14%
- 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%
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VSHY vs. HYHG - Expense Ratio Comparison
VSHY has a 0.40% expense ratio, which is lower than HYHG's 0.50% expense ratio.
Return for Risk
VSHY vs. HYHG — Risk / Return Rank
VSHY
HYHG
VSHY vs. HYHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) 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.
| VSHY | HYHG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 0.86 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.29 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.77 | -0.18 |
Martin ratioReturn relative to average drawdown | 8.58 | 8.44 | +0.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VSHY | HYHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.86 | +0.40 |
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 | 1.86 | 0.45 | +1.41 |
Correlation
The correlation between VSHY and HYHG is 0.32, 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
VSHY vs. HYHG - Dividend Comparison
VSHY's dividend yield for the trailing twelve months is around 6.54%, less than HYHG's 6.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSHY Virtus Newfleet Short Duration High Yield Bond ETF | 6.54% | 6.14% | 6.81% | 1.36% | 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
VSHY vs. HYHG - Drawdown Comparison
The maximum VSHY drawdown since its inception was -4.55%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for VSHY and HYHG.
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Drawdown Indicators
| VSHY | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.55% | -25.71% | +21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -3.03% | -0.08% |
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 | -0.85% | -0.55% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -3.08% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.89% | -0.16% |
Volatility
VSHY vs. HYHG - Volatility Comparison
The current volatility for Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) is 1.77%, while ProShares High Yield-Interest Rate Hedged (HYHG) has a volatility of 2.35%. This indicates that VSHY 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
| VSHY | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 2.35% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 4.48% | -1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 8.09% | -3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 8.12% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 9.20% | -4.79% |