iShares Interest Rate Hedged High Yield Bond ETF
The ETF.net HYGH Grade
B
Score 56 out of 100
- 46 of 85
Score 56 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.D29 out of 100Rank 60 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.B65 out of 100Rank 63 of 77Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 35 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A82 out of 100Rank 7 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 32 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A81 out of 100Rank 12 of 85
Our read on HYGH
In short
BHigh yield income with the rate risk engineered out: it owns iShares' flagship junk bond ETF and layers short interest rate swaps on top, leaving credit spreads as the main driver. A pure spread play, running since 2014.
Stated mandate
The Fund seeks to track an index combining high-yield corporate-bond exposure with interest-rate hedges intended to reduce sensitivity to rising rates.
Why people hold it
Worth knowing
HYGH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
HYGH$10,456
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.
| Period | HYGH |
|---|---|
| Year to date | +3.2% |
| 1 month | −0.5% |
| 3 months | −0.5% |
| 1 year | +4.6% |
| 3 years | +8.7% |
| 5 years | +6.7% |
| 10 years | +5.8% |
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 | HYGH |
|---|---|---|
| 2026 YTD | +3.2% | |
| 2025 | +6.9% | |
| 2024 | +11.2% | |
| 2023 | +12.2% | |
| 2022 | −0.9% | |
| 2021 | +5.8% | |
| 2020 | +0.5% |
HYGH in the news
HYGH Dividends
- 6.53%
- $5.54
- $0.40 per share
- Monthly
HYGH Risk
- 3.0%
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.
- 1.33
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.
- −8.2%
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.
- 0.20
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.
HYGH Cost
Overpaying vs SCYB, cheapest in US High Yield
$9,713
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
HYGH 0.52%
$10,351
SCYB 0.03% Cheapest
$638
Cost over time
Year by year
| Year | HYGH | SCYB | Overpaying |
|---|---|---|---|
| 10 | $935 | $55 | $880 |
| 20 | $3,593 | $216 | $3,377 |
| 30 | $10,351 | $638 | $9,713 |
You pay 0.52%Waived by iShares 0.60%
Full fee 1.12% waiver 0.60% you pay 0.52%
Other funds in US High Yield
- BBRHYiShares High Yield Active ETFExpense ratio 0.45%1 year return +2.2%
- BYLDPrincipal Active High Yield ETFExpense ratio 0.39%1 year return +2.9%
- BHYSDColumbia Short Duration High Yield ETFExpense ratio 0.44%1 year return +2.6%
- BSIHYHarbor Ares Systematic High Yield ETF (SIHY)Expense ratio 0.48%1 year return +2.7%
- BGTOHInvesco Short Duration High Yield ETFExpense ratio 0.48%1 year return
