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iShares High Yield Corporate Bond Buywrite Strateg...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

Issuer

iShares

Inception Date

Aug 18, 2022

Region

North America (U.S.)

Leveraged

1x

Index Tracked

Cboe HYG BuyWrite Index

Asset Class

Bond

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
HYGW vs. LQDW HYGW vs. HYGV HYGW vs. HYG HYGW vs. HYGH HYGW vs. TLTW HYGW vs. XCCC HYGW vs. LQDH HYGW vs. BLV HYGW vs. TIME HYGW vs. SGOV
Popular comparisons:
HYGW vs. LQDW HYGW vs. HYGV HYGW vs. HYG HYGW vs. HYGH HYGW vs. TLTW HYGW vs. XCCC HYGW vs. LQDH HYGW vs. BLV HYGW vs. TIME HYGW vs. SGOV

Performance

Performance Chart

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.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.42%
12.33%
HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF)
Benchmark (^GSPC)

Returns By Period

iShares High Yield Corporate Bond Buywrite Strategy ETF had a return of 7.18% year-to-date (YTD) and 8.92% in the last 12 months.


HYGW

YTD

7.18%

1M

0.52%

6M

4.21%

1Y

8.92%

5Y (annualized)

N/A

10Y (annualized)

N/A

^GSPC (Benchmark)

YTD

24.05%

1M

1.08%

6M

11.50%

1Y

30.38%

5Y (annualized)

13.77%

10Y (annualized)

11.13%

Monthly Returns

The table below presents the monthly returns of HYGW, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.90%0.95%1.03%-0.62%0.71%0.71%1.02%1.12%0.75%-0.39%7.18%
20233.70%-1.04%1.10%0.97%-0.06%1.25%1.32%-0.67%-0.88%-1.25%1.70%1.06%7.33%
2022-1.71%-2.32%2.47%1.84%-0.31%-0.12%

Expense Ratio

HYGW features an expense ratio of 0.69%, falling within the medium range.


Expense ratio chart for HYGW: current value at 0.69% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.69%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of HYGW is 96, placing it in the top 4% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of HYGW is 9696
Combined Rank
The Sharpe Ratio Rank of HYGW is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of HYGW is 9797
Sortino Ratio Rank
The Omega Ratio Rank of HYGW is 9797
Omega Ratio Rank
The Calmar Ratio Rank of HYGW is 9595
Calmar Ratio Rank
The Martin Ratio Rank of HYGW is 9797
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for HYGW, currently valued at 3.45, compared to the broader market0.002.004.003.452.46
The chart of Sortino ratio for HYGW, currently valued at 5.35, compared to the broader market-2.000.002.004.006.008.0010.0012.005.353.31
The chart of Omega ratio for HYGW, currently valued at 1.76, compared to the broader market0.501.001.502.002.503.001.761.46
The chart of Calmar ratio for HYGW, currently valued at 5.45, compared to the broader market0.005.0010.0015.005.453.55
The chart of Martin ratio for HYGW, currently valued at 33.90, compared to the broader market0.0020.0040.0060.0080.00100.0033.9015.76
HYGW
^GSPC

The current iShares High Yield Corporate Bond Buywrite Strategy ETF Sharpe ratio is 3.45. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of iShares High Yield Corporate Bond Buywrite Strategy ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.004.50JuneJulyAugustSeptemberOctoberNovember
3.45
2.46
HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF)
Benchmark (^GSPC)

Dividends

Dividend History

iShares High Yield Corporate Bond Buywrite Strategy ETF provided a 12.58% dividend yield over the last twelve months, with an annual payout of $4.08 per share.


8.00%10.00%12.00%14.00%16.00%$0.00$1.00$2.00$3.00$4.00$5.0020222023
Dividends
Dividend Yield
PeriodTTM20232022
Dividend$4.08$5.35$3.16

Dividend yield

12.58%15.98%8.72%

Monthly Dividends

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.40$0.42$0.40$0.32$0.38$0.36$0.28$0.22$0.31$0.21$3.30
2023$0.00$0.58$0.38$0.86$0.40$0.45$0.50$0.24$0.39$0.36$0.41$0.78$5.35
2022$0.59$0.79$0.70$1.09$3.16

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.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.43%
-1.40%
HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF)
Benchmark (^GSPC)

Worst Drawdowns

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 0.43%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-5.49%Aug 26, 202222Sep 27, 202270Jan 6, 202392
-3.65%Aug 1, 202357Oct 19, 202354Jan 8, 2024111
-2.9%Feb 3, 202312Feb 21, 202342Apr 21, 202354
-1.33%Apr 10, 20248Apr 19, 202422May 21, 202430
-0.93%Jul 3, 20233Jul 6, 20234Jul 12, 20237

Volatility

Volatility Chart

The current iShares High Yield Corporate Bond Buywrite Strategy ETF volatility is 1.05%, 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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.05%
4.07%
HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF)
Benchmark (^GSPC)