iShares High Yield Corporate Bond BuyWrite Strategy ETF
$28.10−0.02 (−0.08%)
- 0.69%
- $110M
- +3.4%
- 11.08%
- 24.8K sh
- low $27.86high $30.34
The ETF.net HYGW Grade
B
Score 68 out of 100
- 3 of 24
Score 68 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.B63 out of 100Rank 9 of 24Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A70 out of 100Rank 3 of 24Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 7 of 24Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A89 out of 100Rank 2 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 5 of 24
Our read on HYGW
In short
BCovered calls, but on junk bonds instead of stocks. It holds iShares' high yield corporate bond ETF and writes monthly calls against it, stacking option premium on top of coupon income, paid out monthly.
Stated mandate
The fund seeks exposure to the iShares iBoxx $ High Yield Corporate Bond ETF while writing monthly covered calls to generate income.
Why people hold it
Worth knowing
HYGW Holdings
- Bonds
- 1,328
- 5%
- Blk Csh Fnd Treasury Sl Agency
Sectors
- Consumer Discretionary19.8%
- Communications16.0%
- Energy13.2%
- Capital Goods12.0%
- Health Care8.4%
- Basic Industry6.2%
- Finance Companies5.1%
- Insurance4.7%
- Electric4.4%
- Consumer Non-Cyclical4.3%
- Reits2.1%
- Transportation1.7%
- Brokerage/Asset Managers/Exchanges0.9%
- Real Estate0.4%
- Owned No Guarantee0.3%
- Treasuries0.2%
- Banking0.2%
- Technology0.0%
Geography
- United States100.00%
HYGW Performance
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.
HYGW$10,340
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 | HYGW |
|---|---|
| Year to date | +2.1% |
| 1 month | +0.8% |
| 3 months | −0.2% |
| 1 year | +3.4% |
| 3 years | +6.0% |
| 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 | HYGW |
|---|---|---|
| 2026 YTD | +2.1% | |
| 2025 | +6.2% | |
| 2024 | +7.0% | |
| 2023 | +7.3% | |
| 2022 | −0.1% |
HYGW in the news
HYGW Dividends
- 11.08%
- $3.12
- $0.37 per share
- Monthly
HYGW Risk
- 2.4%
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.
- 0.61
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.
- −5.5%
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.
- 0.30
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.
HYGW Cost
Overpaying vs EDGX, cheapest in Other Index Option Income
$13,429
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
HYGW 0.69%
$13,429
EDGX 0.00% Cheapest
$0
Cost over time
Year by year
| Year | HYGW | EDGX | Overpaying |
|---|---|---|---|
| 10 | $1,232 | $0 | $1,232 |
| 20 | $4,697 | $0 | $4,697 |
| 30 | $13,429 | $0 | $13,429 |
Other funds in Other Index Option Income
- ADJIAGlobal X Dow 30 Covered Call ETFExpense ratio 0.60%1 year return +12.6%
- ASIOOVistaShares Target 15 S&P 100 Distribution ETFExpense ratio 0.59%1 year return
- BEDGXGlobal X U.S. 500 Income Edge ETFExpense ratio 0.00%1 year return
- BTHTASoFi Enhanced Yield ETFExpense ratio 0.65%1 year return +16.1%
- BATCLREX Autocallable Income ETFExpense ratio 0.65%1 year return
