iShares Interest Rate Hedged High Yield Bond ETF (HYGH) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HYGH. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HYGH
HYGH charges 0.52% annually. There are 87 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.68B | Jul 2023 | HYGH vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.41B | Jun 2012 | HYGH vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.71B | Sep 2025 | HYGH vs NHYB | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 28.80B | Oct 2017 | HYGH vs USHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.54B | Dec 2016 | HYGH vs HYLB |
Best Risk-Adjusted Alternatives to HYGH
HYGH has a PortfoliosLab risk / return rank of 85. There are 12 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 96 | 907.20M | Aug 2018 | HYGH vs BSJQ | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 90 | 255.19M | Dec 2013 | HYGH vs HYZD | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 90 | 22.06M | Nov 2024 | HYGH vs LDRH | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 89 | 852.94M | Sep 2019 | HYGH vs BSJR | |
| iShares iBonds 2027 Term High Yield and Income ETF | 89 | 499.12M | Jul 2021 | HYGH vs IBHG |
Top Performing HYGH Alternatives (YTD)
HYGH is at 3.54% YTD. There are 4 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 8.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 8.74% | — | Aug 2025 | HYGH vs DADS | |
| Man Active High Yield ETF | 5.13% | 19.82M | Sep 2025 | HYGH vs MHY | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.28% | 522.28M | May 2012 | HYGH vs HYEM | |
| ProShares High Yield-Interest Rate Hedged | 3.86% | 179.11M | May 2013 | HYGH vs HYHG | |
| Fidelity Sustainable High Yield ETF | 3.42% | 136.92M | Feb 2022 | HYGH vs FSYD |
Lowest Volatility Alternatives to HYGH
HYGH has 3.63% 1-year volatility. There are 53 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | HYGH vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.35% | 907.20M | Aug 2018 | HYGH vs BSJQ | |
| Pacific Global Senior Loan ETF | 1.47% | 637.48M | Feb 2015 | HYGH vs FLRT | |
| State Street My2027 High Yield Corporate Bond ETF | 1.83% | 4.98M | Feb 2026 | HYGH vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.96% | 852.94M | Sep 2019 | HYGH vs BSJR |
Lowest Drawdown Alternatives to HYGH
HYGH has a 1-year max drawdown of -1.62%. There are 9 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.54%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 907.20M | Aug 2018 | HYGH vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 499.12M | Jul 2021 | HYGH vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 852.94M | Sep 2019 | HYGH vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 450.96M | Mar 2022 | HYGH vs IBHH | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | -1.23% | 22.06M | Nov 2024 | HYGH vs LDRH |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, SOXX and span 14 categories. AUM among these funds goes as high as $894B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.92% | 97.69B | May 2020 | HYGH vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -26.32% | 46.82B | Jan 2024 | HYGH vs IBIT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 94 | 88.79% | 47.60B | Jul 2001 | HYGH vs SOXX | |
| iShares Core S&P 500 ETF | S&P 500 | 67 | 10.84% | 894.38B | May 2000 | HYGH vs IVV | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 14 | -1.35% | 42.18B | Jul 2002 | HYGH vs TLT | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 83 | 11.23% | 42.05B | Jun 2014 | HYGH vs DGRO | |
| iShares Silver Trust | Silver, Precious Metals | 29 | -17.46% | 28.37B | Apr 2006 | HYGH vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 24 | -6.04% | 60.94B | Jan 2005 | HYGH vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 68 | 20.14% | 83.34B | May 2000 | HYGH vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 65 | 11.64% | 33.36B | Mar 2008 | HYGH vs ACWI |
Often Compared With HYGH
Investors most often compare HYGH with HYG, SPY, FAGIX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare HYGH with Any Fund or Stock
Compare HYGH with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HYGH with funds that move differently
iShares Interest Rate Hedged High Yield Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HYGH.
Explore HYGH Diversifiers