Proshares High Yieldinterest Etf Profile
| HYHG Etf | USD 66.35 0.18 0.27% |
Performance18 of 100
| Odds Of DistressLess than 9
|
ProShares High is trading at 66.35 as of the 23rd of January 2025. This is a 0.27 percent increase since the beginning of the trading day. The etf's lowest day price was 66.06. ProShares High has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. The performance scores are derived for the period starting the 31st of October 2023 and ending today, the 23rd of January 2025. Click here to learn more.
Under normal circumstances, the fund will invest at least 80 percent of its total assets in high-yield bonds included in the index. High Yield is traded on BATS Exchange in the United States. More on ProShares High YieldInterest
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ProShares Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Corporate ETFs, High Yield ETFs, Nontraditional Bond, ProShares (View all Sectors) |
| Issuer | ProShares |
| Inception Date | 2013-05-21 |
| Benchmark | FTSE High Yield (Treasury Rate-Hedged) Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 171.46 Million |
| Average Trading Valume | 21,484.4 |
| Asset Type | Fixed Income |
| Category | Corporate |
| Focus | High Yield |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Jeffrey Ploshnick, Benjamin McAbee |
| Transfer Agent | JPMorgan Chase Bank, N.A. |
| Fiscal Year End | 31-Dec |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 300 |
| Market Maker | Susquehanna |
| Total Expense | 0.5 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 1.23 |
| Name | ProShares High YieldInterest Rate Hedged |
| Currency Code | USD |
| Open Figi | BBG004K182F7 |
| In Threey Volatility | 7.01 |
| 1y Volatility | 1.68 |
| 200 Day M A | 64.6247 |
| 50 Day M A | 65.6904 |
| Code | HYHG |
| Updated At | 23rd of January 2025 |
| Currency Name | US Dollar |
ProShares High YieldInterest [HYHG] is traded in USA and was established 2013-05-21. The fund is listed under Nontraditional Bond category and is part of ProShares family. The entity is thematically classified as Corporate ETFs. ProShares High Yield currently have 122.78 M in assets under management (AUM). , while the total return for the last 3 years was 8.4%.
Check ProShares High Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on ProShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding ProShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as ProShares High YieldInterest Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top ProShares High YieldInterest Etf Constituents
| 5 Year Treasury Note Future Sept 22 | 41.54192% |
| 10 Year Treasury Note Future Sept 22 | 45.1029% |
| 2 Year Treasury Note Future Sept 22 | 5.2678% |
ProShares High Top Holders
| EARAX | Eaton Vance Richard | Mutual Fund | Tactical Allocation | |
| ECRAX | Eaton Vance Richard | Mutual Fund | Tactical Allocation | |
| EIRAX | Eaton Vance Richard | Mutual Fund | Tactical Allocation |
ProShares High Yield Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ProShares High. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1561 | |||
| Jensen Alpha | 0.0442 | |||
| Total Risk Alpha | 0.036 | |||
| Sortino Ratio | 0.0798 |
ProShares High Against Markets
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ProShares High YieldInterest. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
The market value of ProShares High Yield is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares High's value that differs from its market value or its book value, called intrinsic value, which is ProShares High's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares High's market value can be influenced by many factors that don't directly affect ProShares High's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares High's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.