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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)
$728,156
AUM
$114,687,460
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
95.35%
n/a
Net Other Assets (Liabilities)
4.60%
n/a
ORGANON & CO/ORG
1.77%
n/a
DISH DBS CORP
1.64%
n/a
AMERICAN AIRLINES/AADVAN
1.31%
n/a
1011778 BC / NEW RED FIN
1.09%
n/a
CAESARS ENTERTAIN INC
1.09%
n/a
CLOUD SOFTWARE GRP HOLDG
1.08%
n/a
BOMBARDIER INC
1.07%
n/a
TRANSDIGM INC
1.04%
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, HYZD, JNK

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
HYZD
WisdomTree Trust - WisdomTree Interest Rate Hedged High Yield Bond Fund
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
FDHY
Fidelity Covington Trust - Fidelity High Yield Factor 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

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

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 -0.034%. This is the percent change in the value of HYHG over the most recent 1-month period. The 3-month return on HYHG is -0.0147%. 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 0.1188%. 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 VCSH, HYG, and IGIB.

ETFs correlated to HYHG include HYGH, HYZD, and JNK.

ETFs that are inversely correlated to HYHG include SJB, SRTY, and RWM.

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.