FT Vest High Yield & Target Income ETF
$18.28−0.03 (−0.16%)
- 0.65%
- $94M
- +3.2%
- 10.76%
- 0M sh
- $18.33
- low $18.13high $20.15
The ETF.net HYTI Grade
B
Score 65 out of 100
- 8 of 25
Score 65 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.A81 out of 100Rank 5 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.A99 out of 100Rank 1 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 out of 100Rank 2 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C40 out of 100Rank 18 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C48 out of 100Rank 11 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 10 of 25
Our read on HYTI
BHigh yield income without owning high yield bonds. HYTI holds U.S. Treasuries and layers purchased and written call options on a high yield corporate bond ETF, seeking current income paid monthly.
The Fund seeks current income, with capital appreciation as a secondary objective. Its strategy combines U.S. Treasury securities with purchased and written call options on the iShares iBoxx High Yield Corporate Bond ETF.
Why people hold it
- Undercuts the typical options-income fund on fee: 0.65% a year versus a 0.75% category median.
- The credit exposure is synthetic. Collateral sits in U.S. Treasuries and the high yield tilt comes from options, so there is no basket of individual junk bonds underneath.ftportfolios.com
- Income is designed to arrive monthly, and the portfolio matches the mandate its documents describe: Treasuries plus the option overlay, nothing bolted on.
- Lands in the upper half of a crowded field of index-overlay options-income funds on our review.
Worth knowing
- Written calls are the engine and the ceiling. Selling them funds the income, and it gives up part of any sharp rally in the reference ETF.ftportfolios.com
- Thinly traded, so bid-ask spreads can run wider and less predictably than on the big bond index ETFs.
- Launched in 2025, so the record does not yet span a full credit cycle.
HYTI Holdings
- Other
- 3
- 100%
- 2026-10-30 iShares iBoxx $ High Yield Corporate Bond ETF C 0.79
HYTI 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.Not enough history yet.
HYTI$10,321
Returns run to the Oct 12, 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 | HYTI |
|---|---|
| Year to date | +0.8% |
| 1 month | −1.2% |
| 3 months | −1.1% |
| 1 year | +3.2% |
| 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 | HYTI |
|---|---|---|
| 2026 YTD | +0.8% | |
| 2025 | +7.3% |
HYTI in the news
Category Review
Index option income was not one bet this year
HYTI Dividends
- 10.76%
- $1.97
- $0.16 per share
- Monthly
Distribution history
HYTI Risk
- 3.4%
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.
- 0.08
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.
- −4.5%
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.
- 0.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HYTI Cost
0.65%
HYTI0.65%
- The middle half of Index Option Income funds
- Median 0.81%
4 of the 25 Index Option Income funds charge less.
Other funds in Index Option Income
- BLQTIFT Vest Investment Grade & Target Income ETFExpense ratio 0.65%1 year return −3.0%
- BCAGECalamos Autocallable Growth ETFExpense ratio 0.74%1 year return —
- BHOLAJPMorgan International Hedged Equity Laddered Overlay ETFExpense ratio 0.68%1 year return +10.2%
- BNDIVAmplify Energy & Natural Resources Covered Call ETFExpense ratio 0.59%1 year return +39.7%
- BVAIEVegashares US Equity Autocallable Income ETFExpense ratio 0.74%1 year return —