Key stats
About ProShares High Yield Interest Rate Hedged
Home page
Inception date
May 21, 2013
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
HYHG tracks an index that goes long on recently issued high-yield USD debt from US and Canadian issuers, while shorting a duration-matched combination of 2-, 5- and 10-year US Treasurys. The goal is to provide credit exposure while minimizing interest-rate risk. The fund's high-yield holdings are limited to US- or Canadian-based issues that are USD-denominated and were issued in the last five years. This approach to the market carries with it elevated risk, as well as significant portfolio concentration. Caps are enforced such that for each issuer, no more than two issues are included, with no more than 2% allocated for any single issuer. The index is calculated daily and settled within the same day, except on the last business day of the month when settlement is on the last calendar day.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate95.01%
Cash4.99%
Stock breakdown by region
North America93.98%
Europe6.02%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HYHG last dividends amounted to 0.39 USD. The month before, the issuer paid 0.37 USD in dividends, which shows a 5.30% increase.
HYHG assets under management is 163.28 M USD. It's fallen 2.60% over the last month.
HYHG fund flows account for 23.57 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HYHG pays dividends to its holders with the dividend yield of 6.84%. The last dividend (Jun 6, 2025) amounted to 0.37 USD. The dividends are paid monthly.
HYHG shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on May 21, 2013, and its management style is Passive.
HYHG expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
HYHG follows the FTSE High Yield (Treasury Rate-Hedged) Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HYHG invests in bonds.
HYHG price has risen by 0.70% over the last month, and its yearly performance shows a 1.47% increase. See more dynamics on HYHG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.66% over the last month, showed a 2.85% increase in three-month performance and has increased by 8.20% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.66% over the last month, showed a 2.85% increase in three-month performance and has increased by 8.20% in a year.
HYHG trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.