iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW)
HYGW is a passive ETF by iShares tracking the investment results of the Cboe HYG BuyWrite Index. HYGW launched on Aug 18, 2022 and has a 0.69% expense ratio.
ETF Info
| Issuer | iShares |
|---|---|
| Inception Date | Aug 18, 2022 |
| Region | North America (U.S.) |
| Category | High Yield Bonds |
| Leveraged | 1x |
| Index Tracked | Cboe HYG BuyWrite Index |
| Asset Class | Bond |
Expense Ratio
HYGW features an expense ratio of 0.69%, falling within the medium range.
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. TLTW, HYGW vs. HYGH, 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.
Returns By Period
iShares High Yield Corporate Bond Buywrite Strategy ETF had a return of 7.44% year-to-date (YTD) and 9.80% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.44% | 25.82% |
| 1 month | 0.77% | 3.20% |
| 6 months | 4.44% | 14.94% |
| 1 year | 9.80% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.90% | 0.95% | 1.03% | -0.62% | 0.71% | 0.71% | 1.02% | 1.12% | 0.75% | -0.39% | 7.44% | ||
| 2023 | 3.70% | -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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of HYGW is 95, placing it in the top 5% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
iShares High Yield Corporate Bond Buywrite Strategy ETF provided a 12.55% dividend yield over the last twelve months, with an annual payout of $4.08 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $4.08 | $5.35 | $3.16 |
Dividend yield | 12.55% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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 0.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.49% | Aug 26, 2022 | 22 | Sep 27, 2022 | 70 | Jan 6, 2023 | 92 |
| -3.65% | Aug 1, 2023 | 57 | Oct 19, 2023 | 54 | Jan 8, 2024 | 111 |
| -2.9% | Feb 3, 2023 | 12 | Feb 21, 2023 | 42 | Apr 21, 2023 | 54 |
| -1.33% | Apr 10, 2024 | 8 | Apr 19, 2024 | 22 | May 21, 2024 | 30 |
| -0.93% | Jul 3, 2023 | 3 | Jul 6, 2023 | 4 | Jul 12, 2023 | 7 |
Volatility
Volatility Chart
The current iShares High Yield Corporate Bond Buywrite Strategy ETF volatility is 1.03%, 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.