ProShares High Yield - Interest Rate Hedged
$62.75+0.08 (+0.13%)
- 0.50%
- $240M
- +3.6%
- 6.81%
- 50.9K sh
- low $62.75high $65.97
The ETF.net HYHG Grade
D
Score 31 out of 100
- 74 of 85
Score 31 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D35 out of 100Rank 53 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.F0 out of 100Rank 74 of 77Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 70 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 45 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C44 out of 100Rank 59 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 17 of 85
Our read on HYHG
In short
DMost junk-bond ETFs hand you two risks: credit and interest rates. HYHG keeps the credit and shorts Treasury futures to target a duration of zero. A rare build, running since 2013, in a cohort of plain-vanilla high-yield trackers.
Stated mandate
HYHG seeks to track the FTSE High Yield (Treasury Rate-Hedged) Index before fees and expenses. Its strategy combines high-yield corporate-bond exposure with short U.S. Treasury futures intended to reduce Treasury interest-rate sensitivity.
Why people hold it
Worth knowing
HYHG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
HYHG$10,361
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HYHG |
|---|---|
| Year to date | +2.9% |
| 1 month | −1.2% |
| 3 months | −1.1% |
| 1 year | +3.6% |
| 3 years | +8.1% |
| 5 years | +6.5% |
| 10 years | +5.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HYHG |
|---|---|---|
| 2026 YTD | +2.9% | |
| 2025 | +5.3% | |
| 2024 | +11.4% | |
| 2023 | +14.7% | |
| 2022 | −1.7% | |
| 2021 | +5.7% | |
| 2020 | +0.2% |
HYHG in the news
HYHG Dividends
- 6.81%
- $4.29
- $0.35 per share
- Monthly
HYHG Risk
- 4.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.86
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −9.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
HYHG Cost
Overpaying vs SCYB, cheapest in US High Yield
$9,341
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
HYHG 0.50%
$9,979
SCYB 0.03% Cheapest
$638
Cost over time
Year by year
| Year | HYHG | SCYB | Overpaying |
|---|---|---|---|
| 10 | $900 | $55 | $845 |
| 20 | $3,460 | $216 | $3,244 |
| 30 | $9,979 | $638 | $9,341 |
Other funds in US High Yield
- DLENDSEI High Yield Bond & Alternative Credit ETFExpense ratio 0.65%1 year return
- DTFLRT. Rowe Price Floating Rate ETFExpense ratio 0.61%1 year return +4.0%
- CCDXSimplify High Yield ETFExpense ratio 0.50%1 year return −3.7%
- DDYLDLeaderShares Dynamic Yield ETFExpense ratio 0.75%1 year return +1.3%
- DHYBXTCW High Yield Bond ETFExpense ratio 0.50%1 year return +2.7%
