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HYHG vs ISPY

ProShares High Yield—Interest Rate Hedged vs ProShares S&P 500 High Income ETF

HYHG

ProShares High Yield—Interest Rate Hedged

Annual cost

0.50%

Fund size

$168M

ISPY

ProShares S&P 500 High Income ETF

Annual cost

0.56%

Fund size

$1.3B

Key differences

  • HYHG costs 0.06% less per year.
  • ISPY is significantly larger than HYHG — larger funds tend to be more liquid and less likely to close.
  • HYHG is classified as fixed income, while ISPY is alternative — different risk/return profiles.
  • HYHG follows a index tracking strategy; ISPY uses option income.
  • HYHG has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HYHGISPY
Annual cost (TER)0.50%0.56%
Fund size (AUM)$168M$1.3B
Since20132023
Dividend yield6.83%6.91%
Asset classfixed incomealternative
Regionnorth america
Strategyindex trackingoption income
CAGR 1Y+8.4%+28.2%
CAGR 3Y+10.4%N/A
CAGR 5Y+7.2%N/A
Sharpe 3Y0.95N/A
Volatility 1Y5.58%11.56%
Max drawdown-25.72%-16.88%

Similar to HYHG and ISPY