(HYHG) ProShares High - Overview
Etf: High-Yield Bonds, Interest Rate Hedging, U.S. Debt, Canadian Debt
Dividends
| Dividend Yield | 6.97% |
| Yield on Cost 5y | 8.90% |
| Yield CAGR 5y | 12.03% |
| Payout Consistency | 95.5% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 6.60% |
| Relative Tail Risk | -9.27% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.13 |
| Alpha | -2.36 |
| Character TTM | |
|---|---|
| Beta | 0.302 |
| Beta Downside | 0.367 |
| Drawdowns 3y | |
|---|---|
| Max DD | 7.47% |
| CAGR/Max DD | 1.31 |
Description: HYHG ProShares High January 17, 2026
The ProShares High Yield-Interest Rate Hedged ETF (BATS: HYHG) seeks to track an index that reflects the performance of U.S. and Canadian high-yield corporate debt. In practice, the manager aims to hold at least 80 % of assets in the underlying high-yield bonds that compose the index, while using derivatives to hedge interest-rate exposure.
Key market metrics that typically influence HYHG’s performance include: (1) the average spread of high-yield bonds over Treasuries, which was around 5.2 % in Q4 2025; (2) the fund’s weighted-average duration of roughly 4.5 years, indicating moderate sensitivity to rate moves; and (3) the expense ratio of 0.55 %, which is modest for a non-traditional bond ETF. Economic drivers such as Federal Reserve policy, corporate default rates, and energy-sector credit health (a major component of high-yield issuance) are especially material to the fund’s returns.
For a deeper, data-driven view of how HYHG’s risk-adjusted returns compare to peers, you might explore the analytics on ValueRay.
What is the price of HYHG shares?
Over the past week, the price has changed by -0.22%, over one month by +1.45%, over three months by +2.53% and over the past year by +4.92%.
Is HYHG a buy, sell or hold?
What are the forecasts/targets for the HYHG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 74.6 | 15.5% |
HYHG Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 159.2m USD (159.2m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 159.2m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 159.2m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.03% (E(159.2m)/V(159.2m) * Re(7.03%) + (debt-free company))
Discount Rate = 7.03% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)