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ISPY vs HYHG

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

ISPY

ProShares S&P 500 High Income ETF

Annual cost

0.56%

Fund size

$1.3B

HYHG

ProShares High Yield—Interest Rate Hedged

Annual cost

0.50%

Fund size

$168M

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.
  • ISPY is classified as alternative, while HYHG is fixed income — different risk/return profiles.
  • ISPY follows a option income strategy; HYHG uses index tracking.
  • HYHG has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

ISPYHYHG
Annual cost (TER)0.56%0.50%
Fund size (AUM)$1.3B$168M
Since20232013
Dividend yield6.91%6.83%
Asset classalternativefixed income
Regionnorth america
Strategyoption incomeindex tracking
CAGR 1Y+28.2%+8.4%
CAGR 3YN/A+10.4%
CAGR 5YN/A+7.2%
Sharpe 3YN/A0.95
Volatility 1Y11.56%5.58%
Max drawdown-16.88%-25.72%

Similar to ISPY and HYHG