iShares Interest Rate Hedged High Yield Bond ETF (HYGH)
HYGH is an actively managed ETF by iShares. HYGH launched on May 27, 2014 and has a 0.53% expense ratio.
ETF Info
| ISIN | US46431W6066 |
|---|---|
| CUSIP | 46431W606 |
| Issuer | iShares |
| Inception Date | May 27, 2014 |
| Region | North America (U.S.) |
| Category | High Yield Bonds, Actively Managed |
| Index Tracked | No Index (Active) |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
HYGH has a high expense ratio of 0.53%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in iShares Interest Rate Hedged High Yield Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
iShares Interest Rate Hedged High Yield Bond ETF had a return of 4.14% year-to-date (YTD) and 13.77% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.14% | 7.26% |
| 1 month | 0.65% | -2.63% |
| 6 months | 9.34% | 22.78% |
| 1 year | 13.77% | 22.71% |
| 5 years (annualized) | 4.94% | 11.87% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.68% | 1.59% | 1.16% | |||||||||
| 2023 | -0.20% | 2.90% | 1.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of HYGH is 98, placing it in the top 2% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
iShares Interest Rate Hedged High Yield Bond ETF(HYGH)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares Interest Rate Hedged High Yield Bond ETF (HYGH) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares Interest Rate Hedged High Yield Bond ETF granted a 8.79% dividend yield in the last twelve months. The annual payout for that period amounted to $7.53 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.53 | $7.52 | $5.09 | $3.29 | $3.51 | $4.37 | $5.47 | $4.36 | $4.12 | $4.77 | $3.39 |
Dividend yield | 8.79% | 8.95% | 6.21% | 3.74% | 4.06% | 4.88% | 6.45% | 4.79% | 4.60% | 5.75% | 3.62% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Interest Rate Hedged High Yield Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.57 | $0.64 | |||||||||
| 2023 | $0.00 | $0.58 | $0.67 | $0.53 | $0.48 | $0.52 | $0.56 | $0.62 | $0.73 | $0.70 | $0.75 | $1.38 |
| 2022 | $0.00 | $0.28 | $0.31 | $0.36 | $0.34 | $0.34 | $0.39 | $0.41 | $0.57 | $0.54 | $0.48 | $1.08 |
| 2021 | $0.00 | $0.30 | $0.27 | $0.25 | $0.28 | $0.28 | $0.27 | $0.27 | $0.26 | $0.27 | $0.26 | $0.56 |
| 2020 | $0.00 | $0.29 | $0.34 | $0.37 | $0.30 | $0.27 | $0.27 | $0.24 | $0.24 | $0.28 | $0.30 | $0.61 |
| 2019 | $0.00 | $0.46 | $0.40 | $0.40 | $0.37 | $0.40 | $0.39 | $0.36 | $0.35 | $0.32 | $0.32 | $0.62 |
| 2018 | $0.00 | $0.34 | $0.35 | $0.40 | $0.43 | $0.46 | $0.44 | $0.45 | $0.43 | $0.42 | $0.49 | $1.26 |
| 2017 | $0.00 | $0.28 | $0.33 | $0.38 | $0.36 | $0.38 | $0.42 | $0.38 | $0.37 | $0.34 | $0.36 | $0.76 |
| 2016 | $0.00 | $0.20 | $0.36 | $0.32 | $0.31 | $0.35 | $0.35 | $0.34 | $0.32 | $0.38 | $0.39 | $0.79 |
| 2015 | $0.00 | $0.37 | $0.40 | $0.41 | $0.41 | $0.41 | $0.40 | $0.40 | $0.38 | $0.37 | $0.34 | $0.88 |
| 2014 | $0.86 | $0.45 | $0.44 | $0.40 | $0.41 | $0.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Interest Rate Hedged High Yield Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Interest Rate Hedged High Yield Bond ETF was 23.88%, occurring on Mar 23, 2020. Recovery took 193 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.88% | Jan 17, 2020 | 45 | Mar 23, 2020 | 193 | Dec 24, 2020 | 238 |
| -18.4% | Jun 24, 2014 | 387 | Feb 11, 2016 | 188 | Dec 7, 2016 | 575 |
| -8.24% | Apr 5, 2022 | 60 | Jun 30, 2022 | 115 | Dec 13, 2022 | 175 |
| -7.58% | Oct 2, 2018 | 58 | Dec 24, 2018 | 66 | Apr 1, 2019 | 124 |
| -4.78% | Dec 28, 2021 | 53 | Mar 14, 2022 | 15 | Apr 4, 2022 | 68 |
Volatility
Volatility Chart
The current iShares Interest Rate Hedged High Yield Bond ETF volatility is 0.99%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.