iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) 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 HYGW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HYGW
HYGW charges 0.69% annually. There are 99 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 | HYGW vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.05% | 11.41B | Jun 2012 | HYGW vs SPHY | |
| Nuveen High Yield Corporate Bond ETF | 0.08% | 1.71B | Sep 2025 | HYGW vs NHYB | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 28.80B | Oct 2017 | HYGW vs USHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.54B | Dec 2016 | HYGW vs HYLB |
Best Risk-Adjusted Alternatives to HYGW
HYGW has a PortfoliosLab risk / return rank of 87. There are 8 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 | HYGW vs BSJQ | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 90 | 255.19M | Dec 2013 | HYGW vs HYZD | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 90 | 22.06M | Nov 2024 | HYGW vs LDRH | |
| iShares iBonds 2027 Term High Yield and Income ETF | 90 | 499.12M | Jul 2021 | HYGW vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 89 | 852.94M | Sep 2019 | HYGW vs BSJR |
Top Performing HYGW Alternatives (YTD)
HYGW is at 2.50% YTD. There are 19 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 7.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 7.44% | — | Aug 2025 | HYGW vs DADS | |
| Man Active High Yield ETF | 5.53% | 19.82M | Sep 2025 | HYGW vs MHY | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.23% | 522.28M | May 2012 | HYGW vs HYEM | |
| ProShares High Yield-Interest Rate Hedged | 4.17% | 179.11M | May 2013 | HYGW vs HYHG | |
| iShares Interest Rate Hedged High Yield Bond ETF | 3.69% | 566.14M | May 2014 | HYGW vs HYGH |
Lowest Volatility Alternatives to HYGW
HYGW has 2.89% 1-year volatility. There are 15 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 | HYGW vs ESHY | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 1.33% | 907.20M | Aug 2018 | HYGW vs BSJQ | |
| Pacific Global Senior Loan ETF | 1.47% | 637.48M | Feb 2015 | HYGW vs FLRT | |
| State Street My2027 High Yield Corporate Bond ETF | 1.81% | 4.98M | Feb 2026 | HYGW vs MYHA | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | 1.94% | 852.94M | Sep 2019 | HYGW vs BSJR |
Lowest Drawdown Alternatives to HYGW
HYGW has a 1-year max drawdown of -1.82%. There are 17 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 | HYGW vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 499.12M | Jul 2021 | HYGW vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 852.94M | Sep 2019 | HYGW vs BSJR | |
| iShares iBonds 2028 Term High Yield and Income ETF | -1.22% | 450.96M | Mar 2022 | HYGW vs IBHH | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | -1.23% | 22.06M | Nov 2024 | HYGW 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 | 1.95% | 97.69B | May 2020 | HYGW vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 1 | -26.71% | 46.82B | Jan 2024 | HYGW vs IBIT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 91 | 76.35% | 47.60B | Jul 2001 | HYGW vs SOXX | |
| iShares Core S&P 500 ETF | S&P 500 | 66 | 10.73% | 894.38B | May 2000 | HYGW vs IVV | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 88 | 12.80% | 42.05B | Jun 2014 | HYGW vs DGRO | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 15 | -1.19% | 42.18B | Jul 2002 | HYGW vs TLT | |
| iShares Silver Trust | Silver, Precious Metals | 26 | -21.78% | 28.37B | Apr 2006 | HYGW vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 21 | -7.85% | 60.94B | Jan 2005 | HYGW vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 72 | 20.58% | 83.34B | May 2000 | HYGW vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 63 | 11.23% | 33.36B | Mar 2008 | HYGW vs ACWI |
Often Compared With HYGW
Investors most often compare HYGW with TLTW, HYG, XCCC. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare HYGW with Any Fund or Stock
Compare HYGW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HYGW with funds that move differently
iShares High Yield Corporate Bond Buywrite Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HYGW.
Explore HYGW Diversifiers