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iShares High Yield Active ETF

BRHYNasdaqiSharesB

$49.20−0.07 (−0.15%)

At close: Nov 2, 2026, 4:00 PM ET

Intraday session: down, 79 prints from 49.28 to 49.20. Range 49.20 to 49.37. Use the arrow keys to read each point.49.2549.3049.3510 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$131M
1Y total return
+2.2%
Yield · Last 12 months
7.77%
Holdings
881
Avg volume · 30D
21.7K sh
52W range
low $48.86high $53.16
Launched

The ETF.net BRHY Grade

B

Score 57 out of 100

Rank
44 of 85
Six-pillar profile for BRHY. Scores out of 100: Cost 45, Risk 47, Mission 93, Tradability 35, Holdings 59, Durability 58. Strongest: Mission (93). Weakest: Tradability (35). Leans toward Mission.

Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C45 out of 100
    Rank 45 of 85
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A93 out of 100
    Rank 32 of 77
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 51 of 85
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D35 out of 100
    Rank 64 of 85
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B59 out of 100
    Rank 42 of 85
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 36 of 85

Our read on BRHY

ETF.net Research

In short

BActive management in a corner of the market run by ultra-cheap index trackers. BlackRock's team picks the junk bonds, sticks mostly to maturities of ten years or less, and pays income monthly.

Stated mandate

The fund seeks to maximize total return while generating income through prudent investment management. It primarily invests in non-investment-grade bonds with maturities of ten years or less and normally commits at least 80% of net assets to high-yield investments or economically similar instruments.

Why people hold it

  • A real active mandate, not index-hugging: at least 80% of net assets in high-yield debt, aimed at total return plus income, with a tilt toward bonds maturing within ten years.ishares.com
  • Spreads its bets across roughly 900 bonds, so no single stumbling issuer dominates the outcome. Income is paid monthly.
  • Measured against the Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index, so there is a clear public yardstick for what the managers are actually adding.ishares.com
  • Runs true to the mandate it prints in its prospectus, and lands in the upper half of a crowded high-yield ETF field on our review.

Worth knowing

  • You pay for the stock-picking: 0.45% a year, above the high-yield cohort median of 0.40% and many times what index rivals like SCYB (0.03%), SPHY (0.05%) and USHY (0.08%) charge.
  • Thinly traded compared with the giants of the category, which can mean wider bid-ask spreads on the way in and out.
  • Launched in 2024, so the track record is short and there is limited history for judging how the managers handle a full credit cycle.

BRHY Performance

Launched Jun 17, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
BRHY$10,224
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BRHY $10,224. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BRHY. Periods over one year show the average yearly return.
PeriodBRHY
Year to date+1.0%
1 month+1.0%
3 months−1.1%
1 year+2.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BRHY
YearReturn barBRHY
2026 YTD+1.0%
2025+9.7%
2024+5.9%

Since listing, Jun 17, 2024

BRHY in the news

BRHY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
7.77%Last 12 months
Payout per share
$3.85Last 12 months
Last payment
$0.26 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 27 payments from 2024 to 2026 YTD. Aug 1, 2024 $0.39; Sep 3, 2024 $0.30; Oct 1, 2024 $0.26; Nov 1, 2024 $0.30; Dec 2, 2024 $0.48; Dec 18, 2024 $0.43; Feb 3, 2025 $0.30; Mar 3, 2025 $0.26; Apr 1, 2025 $0.27; May 1, 2025 $0.29; Jun 2, 2025 $0.30; Jul 1, 2025 $0.40; Aug 1, 2025 $0.28; Sep 2, 2025 $0.28; Oct 1, 2025 $0.24; Nov 3, 2025 $0.30; Dec 1, 2025 $0.90; Dec 19, 2025 $0.28; Feb 2, 2026 $0.28; Mar 2, 2026 $0.27; Apr 1, 2026 $0.27; May 1, 2026 $0.28; Jun 1, 2026 $0.23; Jul 1, 2026 $0.26; Aug 3, 2026 $0.27; Sep 1, 2026 $0.27; Oct 1, 2026 $0.26. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 5, 2026$0.29
Oct 1, 2026Oct 6, 2026$0.26
Sep 1, 2026Sep 4, 2026$0.27
Aug 3, 2026Aug 6, 2026$0.27
Jul 1, 2026Jul 7, 2026$0.26
Jun 1, 2026Jun 4, 2026$0.23
May 1, 2026May 6, 2026$0.28
Apr 1, 2026Apr 7, 2026$0.27
Mar 2, 2026Mar 5, 2026$0.27
Feb 2, 2026Feb 5, 2026$0.28
Dec 19, 2025Dec 24, 2025$0.28
Dec 1, 2025Dec 4, 2025$0.90

See all 28 payments⁠

$10,000 in BRHY 1 year ago paid $737 in dividends.⁠

BRHY Risk

How much the fund’s monthly returns vary, scaled to a year.
3.8%
Annualised · 28 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.63
vs 3-month T-bills · 28 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−4.4%
28 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.23
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BRHY Cost

Overpaying vs SCYB, cheapest in US High Yield

$8,403

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BRHY 0.45%

    $9,041

  • SCYB 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • BRHY 0.45%
  • SCYB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530BRHY $9,041SCYB $638

Year by year

YearBRHYSCYBOverpaying
10$812$55$757
20$3,128$216$2,912
30$9,041$638$8,403

Other funds in US High Yield