HYHGvsFTLSETF Comparison
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ProShares High Yield—Interest Rate Hedged ETF (HYHG) and First Trust Long/Short Equity ETF (FTLS) belong to the same industry segment: Alternatives. HYHG is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 1.38% for FTLS. HYHG is up 3.35% year-to-date (YTD) with +$94M in YTD flows. FTLS performs better with 9.73% YTD performance, and +$278M in YTD flows. Run a side-by-side ETF comparison of HYHG and FTLS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HYHG vs FTLS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYHG FTLS | -1.42%+1.77% | -0.22%+3.92% | +3.35%+9.73% | +5.09%+13.50% | +27.41%+50.01% | +38.04%+66.20% |
| Flows | HYHG FTLS | -$14M+$66M | +$76M+$99M | +$94M+$278M | +$86M+$387M | +$133M+$1.31B | +$122M+$1.60B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYHG FTLS | +3.24%+5.72% | +2.94%+7.14% | +3.89%+8.67% | +5.96%+9.37% |
| Max drawdown | HYHG FTLS | -1.83%-1.19% | -1.83%-3.80% | -5.32%-11.43% | -9.75%-11.43% |
| Max drawdown duration | HYHG FTLS | 24d15d | 24d65d | 107d214d | 282d214d |
Trading data
HYHG | FTLS | |
Last sale 10/16/2026 at 1:30 PM | $63.13 | $76.86 |
| Previous close 10/15/2026 | $63.42 | $77.23 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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FTLS
is actively managed and doesn’t replicate an indexHYHG | FTLS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
HYHG | FTLS | |
|---|---|---|
| Last price | $63.13 | $76.86 |
| 1D performance | -0.46% | -0.48% |
| AuM | $249.90 M | $2.64 B |
| E/R | 0.5% | 1.38% |
Characteristics
HYHG | FTLS | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | ProShares | First Trust |
| Benchmark | FTSE High Yield (Treasury Rate-Hedged) Index | - |
| N° of holdings | - | - |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 21, 2013 | September 8, 2014 |
| ESG | No | No |
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Exposure
Countries
HYHG
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FTLS
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Sectors
HYHG
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FTLS
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Diversification
HYHG
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FTLS
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Top 15 holdings
Data as of January 1, 1970
HYHG
Data will be available soon
FTLS
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Frequently asked questions about HYHG and FTLS
How have the HYHG and FTLS ETFs performed in 2026?
As of October 15, 2026, HYHG is up 3.35% year-to-date (YTD), while FTLS has returned 9.73%. That puts FTLS better performer ahead so far this year.
Which ETF is attracting more investor money: HYHG or FTLS?
Year-to-date, the HYHG ETF saw +$94M in flows, compared to +$278M for FTLS.
Which ETF is more volatile: HYHG or FTLS?
Over the past year, HYHG had a volatility of 2.94%, while FTLS experienced 7.14%.
Which ETF is bigger: HYHG or FTLS?
As of October 15, 2026, HYHG holds $249.90 M in assets under management (AUM), while FTLS manages $2.64 B.
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