iShares High Yield Active ETF
$49.95−0.34 (−0.69%)
- Expense ratio
- 0.45%
- Fund size
- $146M
- 1Y return
- +3.5%
- Yield · Last 12 months
- 7.63%
- Holdings
- 901
- Volume · 30D
- 0M sh
- NAV per share
- $50.29
- 52W range
The ETF.net BRHY Grade
Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 45Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 93Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 33Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 54Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
Our read on BRHY
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.
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 Holdings
- Bonds
- 901
- 13%
- BLK CSH FND TREASURY SL AGENCY
Sectors
- Energy42.3%
- Technology23.6%
- Materials18.2%
- Health Care13.2%
- Utilities2.8%
Geography
- United States84.96%
- Canada4.55%
- United Kingdom1.89%
- France1.73%
- Luxembourg1.19%
- Italy0.89%
- Switzerland0.87%
- Ireland0.79%
- 3.11%
BRHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | BRHY |
|---|---|
| Year to date | +1.9% |
| 1 month | −0.9% |
| 3 months | +0.1% |
| 1 year | +3.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BRHY |
|---|---|---|
| 2026 YTD | +1.9% | |
| 2025 | +9.7% | |
| 2024 | +5.9% |
BRHY in the news
ETF.net Research hasn’t filed on BRHY yet — coverage lands here as it’s written.
BRHY Dividends
- 7.63%
- $3.84
- $0.27 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.27 |
| Aug 3, 2026 | Aug 6, 2026 | $0.27 |
| Jul 1, 2026 | Jul 7, 2026 | $0.26 |
| Jun 1, 2026 | Jun 4, 2026 | $0.23 |
| May 1, 2026 | May 6, 2026 | $0.28 |
| Apr 1, 2026 | Apr 7, 2026 | $0.27 |
| Mar 2, 2026 | Mar 5, 2026 | $0.27 |
| Feb 2, 2026 | Feb 5, 2026 | $0.28 |
| Dec 19, 2025 | Dec 24, 2025 | $0.28 |
| Dec 1, 2025 | Dec 4, 2025 | $0.90 |
| Nov 3, 2025 | Nov 6, 2025 | $0.30 |
| Oct 1, 2025 | Oct 6, 2025 | $0.24 |
BRHY Risk
- 3.1%
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.
- 1.22
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.
- −4.4%
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.
- 0.23
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BRHY Cost
- The middle half of US High Yield funds
- Median 0.43%
43 of the 84 US High Yield funds charge less.