ATLASProShares High Yield—Interest Rate Hedged ETF (HYHG): outlook, holdings and fees
ProShares High Yield—Interest Rate Hedged ETF (HYHG) is an exchange-traded fund and is managed by ProShares. The expense ratio is 0.52% and the yield is 6.45%. The ten largest holdings are 88% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on HYHG
| Last price | $63.09 (-0.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 63% |
| Likely 1-month range (50%) | $62.69 – $64.21 |
| Normal 1-day range (±1σ) | ±0.4% |
| Distribution yield | 6.45% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
HYHG fund facts
| Issuer | ProShares |
|---|---|
| Theme | High-yield bonds |
| Assets under management | $280M |
| Expense ratio | 0.52% |
| Number of holdings | 3 |
| Portfolio turnover | 26% |
| Inception | May 21, 2013 |
| Exchange | CBOE |
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of high-yield debt of U.S. and Canadian companies. Under normal circumstances, the fund will invest at least 80% of its total assets in high-yield bonds included in the index.
HYHG top holdings
| Holding | Sector | Weight |
|---|---|---|
| 10 Year Treasury Note Future Sept 22 ZNU22 | – | 43.24% |
| 5 Year Treasury Note Future Sept 22 ZFU22 | – | 39.59% |
| 2 Year Treasury Note Future Sept 22 ZTU22 | – | 5.37% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
HYHG returns and risk
| Year to date | +4.2% |
|---|---|
| 1 year | +5.4% |
| 3 years (annualised) | +8.8% |
| 5 years (annualised) | +7.1% |
| 10 years (annualised) | +5.4% |
| Volatility (3 years) | 3.2% |
| Sharpe ratio (3 years) | 1.16 |
Past returns do not guarantee future results.
HYHG: frequently asked questions
What does HYHG invest in?
ProShares High Yield—Interest Rate Hedged ETF invests in a portfolio of securities. Its largest holdings are 10 Year Treasury Note Future Sept 22 (43.2%), 5 Year Treasury Note Future Sept 22 (39.6%), 2 Year Treasury Note Future Sept 22 (5.4%).
What is the HYHG expense ratio?
0.52% a year: about $52.00 for every $10,000 invested.
What is the HYHG dividend yield?
6.45%. ATLAS does not hold the exact distribution dates for ETFs.
Will HYHG go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 63%, with a likely range (50%) of $62.69 to $64.21 from $63.09 today. It is a probability, not a prediction.
How has HYHG performed?
Year to date +4.2%, one year +5.4%, three years +8.8% a year, five years +7.1% a year. Past returns do not guarantee future results.
Similar ETFs: High-yield bonds
- Xtrackers USD High Yield Corporate Bond ETF (HYLB)
- Invesco High Yield Equity Dividend Achievers ETF (PEY)
- FlexShares High Yield Value-Scored Bond Index Fund (HYGV)
- Fidelity Enhanced High Yield ETF (FDHY)
- VanEck Emerging Markets High Yield Bond ETF (HYEM)
- Simplify High Yield ETF (CDX)
- Xtrackers Short Duration High Yield Bond ETF (SHYL)
- iShares € High Yield Corp Bond UCITS ETF (HYXU)
Educational information, not investment advice. Disclaimer