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ETFs

ProShares High Yield-Interest Rate Hedged ETF

HYHG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 21, 2013
Expense Ratio
0.51%
Type
Global Bonds
Fund Owner
ProShares
Volume (1m avg. daily)
$639,832
AUM
$115,417,312
Associated Index
Citi High Yield (Treasury Rate-Hedged) Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
93.65%
n/a
Net Other Assets (Liabilities)
6.55%
n/a
ORGANON & CO/ORG
1.44%
n/a
CAESARS ENTERTAIN INC
1.23%
n/a
DIRECTV FIN LLC/COINC
1.08%
n/a
AMERICAN AIRLINES/AADVAN
1.05%
n/a
CLOUD SOFTWARE GRP INC
1.04%
n/a
DISH DBS CORP
1.03%
TDG27
TransDigm Inc. - 5.50% NT REDEEM 15/11/2027 USD
1.02%
n/a
BOMBARDIER INC
0.92%
Invest with HYHG

What is HYHG?

ProShares High Yield Interest Rate Hedged seeks investment results, before fees and expenses, that track the performance of the Citi High Yield (Treasury Rate-Hedged) Index.

ETFs related toHYHG

ETFs correlated to HYHG include HYGH, FDHY, FNCL

HYHG
ProShares Trust - ProShares High Yield-Interest Rate Hedged ETF
HYGH
BlackRock Institutional Trust Company N.A. - iShares Interest Rate Hedged High Yield Bond ETF
FDHY
Fidelity Covington Trust - Fidelity High Yield Factor ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
BKMC
BNY Mellon ETF Trust - BNY Mellon US Mid Cap Core Equity ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHYHG

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with HYHG using Composer

FAQ

HYHG is a Global Bonds ETF. ProShares High Yield Interest Rate Hedged seeks investment results, before fees and expenses, that track the performance of the Citi High Yield (Treasury Rate-Hedged) Index.

HYHG tracks the Citi High Yield (Treasury Rate-Hedged) Index.

No, HYHG is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HYHG is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYHG is 0.0082%. This is the percent change in the value of HYHG over the most recent 1-month period. The 3-month return on HYHG is 0.0428%. This is the percent change in the value of HYHG over the most recent 3-month period.

The standard deviation of HYHG for the past year is 0.0984%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYHG include IGSB, VCIT, and VCSH.

ETFs correlated to HYHG include HYGH, FDHY, and FNCL.

ETFs that are inversely correlated to HYHG include SJB, FAZ, and SH.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.