VUSI vs. HYHG

Last updated Jun 26, 2026

VUSI (Voya Ultra Short Income ETF) and HYHG (ProShares High Yield-Interest Rate Hedged) are both exchange-traded funds - VUSI is a Ultrashort Bond fund actively managed by Voya, while HYHG is a High Yield Bonds fund tracking the Citi High Yield (Treasury Rate-Hedged) Index. VUSI is actively managed, while HYHG is passively managed. At a correlation of -0.07, they often move in opposite directions. VUSI charges 0.25%/yr vs 0.50%/yr for HYHG.

Performance

VUSI vs. HYHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Ultra Short Income ETF (VUSI) and ProShares High Yield-Interest Rate Hedged (HYHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VUSI achieves a 0.03% return, which is significantly lower than HYHG's 3.39% return.

VUSI

• 1D: 0.01%
• 1M: -0.02%
• YTD: 0.03%
• 6M: 0.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYHG

• 1D: -0.11%
• 1M: 0.06%
• YTD: 3.39%
• 6M: 3.06%
• 1Y: 7.47%
• 3Y*: 9.78%
• 5Y*: 6.90%
• 10Y*: 6.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VUSI vs. HYHG - Yearly Performance Comparison

	2026 (YTD)	2025
VUSI Voya Ultra Short Income ETF	0.03%	0.66%
HYHG ProShares High Yield-Interest Rate Hedged	3.39%	1.85%

Correlation

The correlation between VUSI and HYHG is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	-0.07

Return for Risk

VUSI vs. HYHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VUSI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HYHG

HYHG Risk / Return Rank: 57
HYHG Sharpe Ratio Rank: 42
HYHG Sortino Ratio Rank: 43
HYHG Omega Ratio Rank: 41
HYHG Calmar Ratio Rank: 81
HYHG Martin Ratio Rank: 75

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.

VUSI vs. HYHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Ultra Short Income ETF (VUSI) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VUSI	HYHG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.34	—
Sortino ratio: Return per unit of downside risk	—	1.94	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	3.72	—
Martin ratio: Return relative to average drawdown	—	12.40	—

Drawdowns

VUSI vs. HYHG - Drawdown Comparison

The maximum VUSI drawdown since its inception was -0.86%, smaller than the maximum HYHG drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for VUSI and HYHG.

Drawdown Indicators

	VUSI	HYHG	Difference
Max Drawdown Largest peak-to-trough decline	-0.86%	-25.71%	+24.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.02%	—
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	-0.39%	-0.45%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.28%	-3.03%	+2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.60%	—

Volatility

Volatility by Period

	VUSI	HYHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.37%	5.58%	-4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.37%	8.17%	-6.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.37%	9.10%	-7.73%

VUSI vs. HYHG - Expense Ratio Comparison

VUSI has a 0.25% expense ratio, which is lower than HYHG's 0.50% expense ratio.

Dividends

VUSI vs. HYHG - Dividend Comparison

VUSI's dividend yield for the trailing twelve months is around 0.49%, less than HYHG's 6.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYHG ProShares High Yield-Interest Rate Hedged	6.76%	6.97%	6.57%	6.07%	5.58%	4.54%	5.21%	6.06%	6.45%	5.57%	5.37%	6.37%
VUSI Voya Ultra Short Income ETF	0.49%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VUSI and HYHG in my portfolio?

VUSI and HYHG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VUSI or HYHG?

On fees, VUSI is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUSI or HYHG?

VUSI is cheaper with a 0.25% expense ratio, compared with 0.50% for HYHG.

Which ETF pays a higher dividend yield, VUSI or HYHG?

HYHG has the higher dividend yield at 6.76%, compared with 0.49% for VUSI.

What is the main difference between VUSI and HYHG?

VUSI is categorized as Ultrashort Bond, while HYHG is High Yield Bonds. They also come from different issuers: Voya and ProShares. Their fees differ too: 0.25% for VUSI and 0.50% for HYHG.