MCVTvsHYHGETF Comparison
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Miller Convertible Total Return ETF (MCVT) belongs to the Convertible Bonds segment. ProShares High Yield—Interest Rate Hedged ETF (HYHG) is part of the Alternatives segment. MCVT's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, HYHG's top sector exposures are Finance, Consumer Services and Industrials. MCVT is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.5% for HYHG. Run a side-by-side ETF comparison of MCVT and HYHG 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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MCVT vs HYHG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/07/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MCVT HYHG | -3.05%+0.61% | +3.28%+1.60% | n/a+4.91% | n/a+7.30% | n/a+28.64% | n/a+40.91% |
| Flows | MCVT HYHG | +$5M+$76M | +$7M+$95M | -+$108M | -+$103M | -+$144M | -+$139M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MCVT HYHG | +8.93%+2.17% | n/a+2.76% | n/a+3.86% | n/a+5.95% |
| Max drawdown | MCVT HYHG | -3.60%-0.77% | n/a-1.31% | n/a-5.32% | n/a-9.75% |
| Max drawdown duration | MCVT HYHG | 25d17d | n/a22d | n/a107d | n/a282d |
Trading data
MCVT | HYHG | |
Last sale 9/8/2026 at 1:30 PM | $64.62 | |
| Previous close 09/08/2026 | $64.65 | |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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MCVT
is actively managed and doesn’t replicate an indexMCVT | HYHG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/8/2026 at 1:30 PM
Live
Closed
MCVT | HYHG | |
|---|---|---|
| Last price | – | $64.62 |
| 1D performance | – | -0.05% |
| AuM | $18.15 M | $269.62 M |
| E/R | 0.85% | 0.5% |
Characteristics
MCVT | HYHG | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Miller Family Of Funds | ProShares |
| Benchmark | - | FTSE High Yield (Treasury Rate-Hedged) Index |
| N° of holdings | 39 | 223 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 25, 2026 | May 21, 2013 |
| ESG | No | No |
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Exposure
Countries
MCVT
USA
86.01%
Other
13.99%
HYHG
USA
78.19%
Other
21.81%
Sectors
MCVT
Technology
29.61%
Healthcare
29.4%
Industrials
10.29%
Other
30.7%
HYHG
Finance
15.05%
Consumer Services
9.76%
Industrials
9.73%
Technology
9.14%
Business Services
7.82%
Non-Energy Materi.
7.18%
Other
41.32%
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Diversification
MCVT
Total weight of top 15 holdings out of 15
44.3%
HYHG
Total weight of top 15 holdings out of 15
15.39%
Top 15 holdings
Data as of July 31, 2026
MCVT
Uber Technologies, 0.875% 1dec2028, USD (Conv.)
3.96%
Bridgebio Pharma, 1.75% 1mar2031, USD (Conv.)
3.66%
Revolution Medicines, 0.5% 1may2033, USD (Conv.)
3.43%
Liberty Media, 2.25% 15aug2027, USD (Conv.)
3.30%
Halozyme Therapeutics, 0.875% 15nov2032, USD (Conv.)
3.17%
Alphabet, Inc.
3.15%
Travere Therapeutics, 0.5% 15may2032, USD (Conv.)
3.05%
Transmedics, 1.5% 1jun2028, USD (Conv.)
3.01%
Snowflake, 0% 1oct2027, USD (Conv.)
2.83%
Omnicell, 1% 1dec2029, USD (Conv.)
2.65%
Tetra Tech, 2.25% 15aug2028, USD (Conv.)
2.47%
HA Sustainable Infrastructure Capital, 3.75% 15aug2028, USD (Conv.)
2.45%
Imax Corporation, 0.75% 15nov2030, USD (Conv.)
2.40%
Burlington Stores, 1.25% 15dec2027, USD (Conv.)
2.39%
AeroVironment, 0% 15jul2030, USD (Conv.)
2.38%
HYHG
1261229 B.C., 10% 15apr2032, USD
1.44%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
1.36%
Cloud Software Group, 6.5% 31mar2029, USD
1.31%
Quikrete Holdings, 6.375% 1mar2032, USD
1.30%
EchoStar, 10.75% 30nov2029, USD
1.16%
PR RNO Property Owner 1, 6.5% 1may2031, USD
1.01%
Level 3 Parent, 6.875% 30jun2033, USD
0.99%
Carnival Corp, 5.75% 1aug2032, USD
0.99%
Allied Universal HoldCo, 7.875% 15feb2031, USD
0.92%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.88%
Black Pearl Compute, 6.125% 15feb2031, USD
0.85%
TransDigm, 6.375% 1mar2029, USD
0.82%
Venture Global LNG, 8.375% 1jun2031, USD
0.81%
CVS Health, 7% 10mar2055, USD (A)
0.79%
Oak-Eagle AcquireCo, 8.75% 1jul2034, USD
0.76%
Frequently asked questions about MCVT and HYHG
Which ETF is bigger: MCVT or HYHG?
As of September 7, 2026, MCVT holds $18.15 M in assets under management (AUM), while HYHG manages $269.62 M.
What sectors do the MCVT and HYHG ETFs invest in?
MCVT leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, HYHG focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the MCVT ETF and HYHG ETF?
MCVT top holdings include Uber Technologies, 0.875% 1dec2028, USD (Conv.), Bridgebio Pharma, 1.75% 1mar2031, USD (Conv.) and Revolution Medicines, 0.5% 1may2033, USD (Conv.). HYHG holds in its top three: 1261229 B.C., 10% 15apr2032, USD, Meridian Arc HoldCo, 6.25% 30apr2031, USD and Cloud Software Group, 6.5% 31mar2029, USD.
Which ETF is more diversified: MCVT or HYHG?
MCVT holds 39 securities with 44.3% of its assets in the top 15. HYHG has 223 securities and a top 15 weight of 15.39%.
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