iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW)

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The chart shows the growth of an initial investment of $10,000 in iShares High Yield Corporate Bond Buywrite Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) has returned 0.14% so far this year and 5.62% over the past 12 months.

Based on dividend-adjusted daily data since Aug 22, 2022, HYGW's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, your investment would double in approximately 12.6 years.

Historically, 68% of months were positive and 32% were negative. The best month was Jan 2023 with a return of +3.7%, while the worst month was Sep 2022 at -2.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HYGW closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +1.8%, while the worst single day was Sep 13, 2022 at -2.2%.

iShares High Yield Corporate Bond Buywrite Strategy ETF has an annualized alpha of 2.86%, beta of 0.20, and R² of 0.47 versus S&P 500 Index. Calculated based on daily prices since August 23, 2022.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (25.26%) than losses (20.92%) — typical of diversified or defensive assets.
• Beta of 0.20 may look defensive, but with R² of 0.47 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.47 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

HYGW has an expense ratio of 0.69%, placing it in the medium range.

HYGW ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) and compare them to a chosen benchmark (S&P 500 Index).

iShares High Yield Corporate Bond Buywrite Strategy ETF provided a 12.24% dividend yield over the last twelve months, with an annual payout of $3.61 per share.

The table displays the monthly dividend distributions for iShares High Yield Corporate Bond Buywrite Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the iShares High Yield Corporate Bond Buywrite Strategy 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 High Yield Corporate Bond Buywrite Strategy ETF was 5.49%, occurring on Sep 27, 2022. Recovery took 70 trading sessions.

The current iShares High Yield Corporate Bond Buywrite Strategy ETF drawdown is 0.92%.

The chart below shows the rolling one-month volatility.