VVR vs. HYHG
VVR (Invesco Senior Income Trust) is a stock, while HYHG (ProShares High Yield-Interest Rate Hedged) is High Yield Bonds fund tracking the Citi High Yield (Treasury Rate-Hedged) Index. Over the past 10 years, VVR returned 6.14%/yr vs 6.40%/yr for HYHG. At a 0.26 correlation, their price movements are largely independent.
Performance
VVR vs. HYHG - Performance Comparison
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Returns By Period
In the year-to-date period, VVR achieves a -2.22% return, which is significantly lower than HYHG's 3.39% return. Both investments have delivered pretty close results over the past 10 years, with VVR having a 6.14% annualized return and HYHG not far ahead at 6.40%.
VVR
- 1D
- -0.66%
- 1M
- 0.31%
- YTD
- -2.22%
- 6M
- -1.62%
- 1Y
- -8.19%
- 3Y*
- 5.16%
- 5Y*
- 4.08%
- 10Y*
- 6.14%
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%
VVR vs. HYHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VVR Invesco Senior Income Trust | -2.22% | -6.18% | 8.97% | 20.86% | -1.11% | 17.00% | -0.22% | 16.97% | -5.36% | 0.19% |
HYHG ProShares High Yield-Interest Rate Hedged | 3.39% | 5.31% | 11.41% | 14.69% | -1.71% | 5.75% | 0.16% | 12.02% | -1.95% | 3.76% |
Correlation
The correlation between VVR and HYHG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 23, 2013 | 0.26 |
The correlation between VVR and HYHG shifts across timeframes, from 0.14 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
VVR vs. HYHG — Risk / Return Rank
VVR
HYHG
VVR vs. HYHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Income Trust (VVR) 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.
| VVR | HYHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.24 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 3.72 | -4.37 |
| Martin ratioReturn relative to average drawdown | -0.97 | 12.40 | -13.36 |
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Drawdowns
VVR vs. HYHG - Drawdown Comparison
The maximum VVR drawdown since its inception was -73.79%, which is greater than HYHG's maximum drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for VVR and HYHG.
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Drawdown Indicators
| VVR | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.79% | -25.71% | -48.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -2.02% | -10.63% |
Max Drawdown (3Y)Largest decline over 3 years | -19.50% | -7.47% | -12.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -9.21% | -10.29% |
Max Drawdown (10Y)Largest decline over 10 years | -55.92% | -25.71% | -30.21% |
Current DrawdownCurrent decline from peak | -14.29% | -0.45% | -13.84% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -3.03% | -7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 0.60% | +7.88% |
Volatility
VVR vs. HYHG - Volatility Comparison
Invesco Senior Income Trust (VVR) has a higher volatility of 3.70% compared to ProShares High Yield-Interest Rate Hedged (HYHG) at 1.26%. This indicates that VVR's price experiences larger fluctuations and is considered to be riskier 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
| VVR | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 1.26% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 4.37% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.62% | 5.58% | +9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 8.17% | +7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 9.10% | +14.47% |
Dividends
VVR vs. HYHG - Dividend Comparison
VVR's dividend yield for the trailing twelve months is around 14.65%, more 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% |
VVR Invesco Senior Income Trust | 14.65% | 13.94% | 13.06% | 11.54% | 11.46% | 7.22% | 6.71% | 6.22% | 6.68% | 5.95% | 6.41% | 7.97% |
Frequently Asked Questions
VVR and HYHG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVR has higher volatility (3.70%) compared to HYHG (1.26%). In terms of maximum drawdown, VVR dropped -73.79% vs HYHG's -25.71%.
HYHG currently has the higher Sharpe Ratio (1.34 vs -0.56), 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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