- ISIN
- US33939L6627
- CUSIP
- 33939L662
- Issuer
- Northern Trust
- Inception Date
- Jul 17, 2018
- Region
- Developed Markets (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Northern Trust High Yield Value-Scored US Corporate Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Share Price Chart
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Performance
HYGV Performance Chart
FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) is up 1.8% since the beginning of the year. HYGV is currently trading at $40 per share. Investors who bought $1,000 worth of HYGV shares 5 years ago would now be looking at an investment worth $1,183.
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Returns By Period
FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) has returned 1.78% so far this year and 6.62% over the past 12 months.
FlexShares High Yield Value-Scored US Bond Index Fund
- 1D
- -0.10%
- 1M
- 0.69%
- YTD
- 1.78%
- 6M
- 2.06%
- 1Y
- 6.62%
- 3Y*
- 8.63%
- 5Y*
- 3.42%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HYGV Monthly Returns History
Based on dividend-adjusted daily data since Jul 18, 2018, HYGV's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 68% of months were positive and 32% were negative. The best month was Jul 2022 with a return of +6.3%, while the worst month was Mar 2020 at -13.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HYGV closed higher 53% of trading days. The best single day was Apr 9, 2020 with a return of +7.0%, while the worst single day was Mar 16, 2020 at -8.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.65% | -0.06% | -1.10% | 1.77% | 0.44% | 0.09% | 1.78% | ||||||
| 2025 | 1.20% | 0.78% | -1.47% | -0.72% | 2.36% | 2.00% | 0.08% | 1.10% | 1.09% | -0.12% | 0.92% | 0.48% | 7.92% |
| 2024 | 0.39% | 0.57% | 1.09% | -1.25% | 1.22% | 0.47% | 2.19% | 1.36% | 1.59% | -0.93% | 1.84% | -0.71% | 8.02% |
| 2023 | 4.42% | -1.78% | 1.09% | 0.42% | -1.14% | 2.28% | 1.41% | 0.42% | -1.33% | -1.67% | 4.29% | 3.35% | 12.11% |
| 2022 | -2.11% | -1.34% | -1.20% | -4.32% | 0.41% | -7.78% | 6.27% | -3.36% | -4.00% | 3.51% | 3.20% | -1.84% | -12.60% |
| 2021 | 0.10% | 0.78% | 0.89% | 0.92% | 0.08% | 1.61% | 0.07% | 0.54% | 0.01% | -0.05% | -1.51% | 2.38% | 5.93% |
Benchmark Metrics
FlexShares High Yield Value-Scored US Bond Index Fund has an annualized alpha of 0.15%, beta of 0.36, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since July 18, 2018.
- This ETF participated in 47.34% of S&P 500 Index downside but only 35.07% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.36 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.15%
- Beta
- 0.36
- R²
- 0.60
- Upside Capture
- 35.07%
- Downside Capture
- 47.34%
Expense Ratio
HYGV has an expense ratio of 0.37%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HYGV ranks 55 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FlexShares High Yield Value-Scored US Bond Index Fund (HYGV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HYGV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.78 | -0.31 |
| Martin ratioReturn relative to average drawdown | 10.65 | 12.44 | -1.79 |
Dividends
Dividend History
FlexShares High Yield Value-Scored US Bond Index Fund provided a 7.38% dividend yield over the last twelve months, with an annual payout of $2.97 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.97 | $3.05 | $3.34 | $3.58 | $3.04 | $2.98 | $3.03 | $3.86 | $2.56 |
Dividend yield | 7.38% | 7.48% | 8.20% | 8.77% | 7.64% | 6.07% | 6.18% | 7.95% | 5.63% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares High Yield Value-Scored US Bond Index Fund. 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.24 | $0.23 | $0.25 | $0.25 | $0.26 | $1.23 | ||||||
| 2025 | $0.00 | $0.25 | $0.26 | $0.26 | $0.26 | $0.27 | $0.25 | $0.25 | $0.25 | $0.24 | $0.24 | $0.50 | $3.05 |
| 2024 | $0.00 | $0.31 | $0.28 | $0.31 | $0.28 | $0.28 | $0.27 | $0.26 | $0.29 | $0.26 | $0.26 | $0.53 | $3.34 |
| 2023 | $0.00 | $0.31 | $0.27 | $0.31 | $0.29 | $0.30 | $0.29 | $0.29 | $0.31 | $0.30 | $0.31 | $0.60 | $3.58 |
| 2022 | $0.00 | $0.23 | $0.21 | $0.23 | $0.23 | $0.25 | $0.25 | $0.25 | $0.26 | $0.28 | $0.29 | $0.56 | $3.04 |
| 2021 | $0.00 | $0.25 | $0.21 | $0.24 | $0.23 | $0.22 | $0.20 | $0.18 | $0.21 | $0.20 | $0.21 | $0.82 | $2.98 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares High Yield Value-Scored US Bond Index Fund. 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 FlexShares High Yield Value-Scored US Bond Index Fund was 23.47%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current FlexShares High Yield Value-Scored US Bond Index Fund drawdown is 0.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -23.47%Mar 2020 | 1mo 1d | 5mo 13d | 6mo 14dFeb 2020 - Sep 2020 |
Bear market2022 | -17.12%Sep 2022 | 9mo 3d | 1y 7mo | 2y 4moDec 2021 - May 2024 |
Rate-hike selloffLate 2018 | -7.91%Dec 2018 | 2mo 22d | 2mo 4d | 4mo 26dOct 2018 - Feb 2019 |
2025 selloff2025 | -5.56%Apr 2025 | 1mo 6d | 1mo 21d | 2mo 27dMar 2025 - May 2025 |
2026 pullback2026 | -2.68%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
Drawdown Indicators
| HYGV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.47% | -56.78% | +33.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -9.10% | +6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -5.56% | -18.90% | +13.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -25.43% | +8.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.17% | -1.80% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -10.71% | +7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 2.03% | -1.41% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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