YLD vs. HYHG
Compare and contrast key facts about Principal Active High Yield ETF (YLD) and ProShares High Yield-Interest Rate Hedged (HYHG).
YLD and HYHG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YLD is an actively managed fund by Principal. It was launched on Jul 9, 2015. 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
YLD vs. HYHG - Performance Comparison
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YLD vs. HYHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YLD Principal Active High Yield ETF | 0.72% | 6.55% | 9.19% | 12.93% | -8.78% | 9.17% | 1.50% | 13.58% | -3.30% | 9.12% |
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% | 3.76% |
Returns By Period
In the year-to-date period, YLD achieves a 0.72% return, which is significantly lower than HYHG's 0.77% return. Over the past 10 years, YLD has underperformed HYHG with an annualized return of 5.94%, while HYHG has yielded a comparatively higher 6.30% annualized return.
YLD
- 1D
- -0.16%
- 1M
- -0.29%
- YTD
- 0.72%
- 6M
- 1.05%
- 1Y
- 6.41%
- 3Y*
- 8.22%
- 5Y*
- 4.90%
- 10Y*
- 5.94%
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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YLD vs. HYHG - Expense Ratio Comparison
YLD has a 0.39% expense ratio, which is lower than HYHG's 0.50% expense ratio.
Return for Risk
YLD vs. HYHG — Risk / Return Rank
YLD
HYHG
YLD vs. HYHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Active High Yield ETF (YLD) 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.
| YLD | HYHG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.86 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.29 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 1.77 | -0.27 |
Martin ratioReturn relative to average drawdown | 7.84 | 8.44 | -0.60 |
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
| YLD | HYHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.86 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.81 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.69 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.45 | +0.18 |
Correlation
The correlation between YLD and HYHG is 0.40, 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
YLD vs. HYHG - Dividend Comparison
YLD's dividend yield for the trailing twelve months is around 7.39%, more than HYHG's 6.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YLD Principal Active High Yield ETF | 7.39% | 7.33% | 7.12% | 6.46% | 6.51% | 3.92% | 4.40% | 4.81% | 5.42% | 6.28% | 4.47% | 2.56% |
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
YLD vs. HYHG - Drawdown Comparison
The maximum YLD drawdown since its inception was -28.34%, which is greater than HYHG's maximum drawdown of -25.71%. Use the drawdown chart below to compare losses from any high point for YLD and HYHG.
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Drawdown Indicators
| YLD | HYHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.34% | -25.71% | -2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -3.03% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -13.89% | -9.21% | -4.68% |
Max Drawdown (10Y)Largest decline over 10 years | -28.34% | -25.71% | -2.63% |
Current DrawdownCurrent decline from peak | -1.01% | -0.55% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -3.08% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.89% | -0.05% |
Volatility
YLD vs. HYHG - Volatility Comparison
Principal Active High Yield ETF (YLD) and ProShares High Yield-Interest Rate Hedged (HYHG) have volatilities of 2.27% and 2.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YLD | HYHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 2.35% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 4.48% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.50% | 8.09% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 8.12% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.26% | 9.20% | -0.94% |