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HYGW vs. EXSA.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HYGW vs. EXSA.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) and iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE).

HYGW and EXSA.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYGW is a passively managed fund by iShares that tracks the performance of the Cboe HYG BuyWrite Index. It was launched on Aug 18, 2022. EXSA.DE is a passively managed fund by iShares that tracks the performance of the STOXX® Europe 600. It was launched on Feb 13, 2004. Both HYGW and EXSA.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HYGW vs. EXSA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) and iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE). The values are adjusted to include any dividend payments, if applicable.

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HYGW vs. EXSA.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022
HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF		0.33%6.19%6.99%7.31%-0.12%
EXSA.DE
iShares STOXX Europe 600 UCITS ETF (DE)		0.22%36.02%2.30%19.11%6.58%
Different Trading Currencies

HYGW is traded in USD, while EXSA.DE is traded in EUR. To make them comparable, the EXSA.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HYGW achieves a 0.33% return, which is significantly higher than EXSA.DE's 0.22% return.

HYGW

1D
0.18%
1M
-0.51%
YTD
0.33%
6M
1.90%
1Y
5.44%
3Y*
5.64%
5Y*
—
10Y*
—

EXSA.DE

1D
2.86%
1M
-4.57%
YTD
0.22%
6M
5.48%
1Y
22.48%
3Y*
14.99%
5Y*
9.29%
10Y*
9.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

iShares High Yield Corporate Bond Buywrite Strategy ETF

iShares STOXX Europe 600 UCITS ETF (DE)

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Often compared with EXSA.DE:
EXSA.DE vs. EXIE.DEEXSA.DE vs. SXR8.DEEXSA.DE vs. VEUR.LEXSA.DE vs. VGTEXSA.DE vs. VOOEXSA.DE vs. ^GSPCEXSA.DE vs. URTH

HYGW vs. EXSA.DE - Expense Ratio Comparison

HYGW has a 0.69% expense ratio, which is higher than EXSA.DE's 0.20% expense ratio.

HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
EXSA.DE
iShares STOXX Europe 600 UCITS ETF (DE)

Return for Risk

HYGW vs. EXSA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYGW
HYGW Risk / Return Rank: 7373
Overall Rank
HYGW Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
HYGW Sortino Ratio Rank: 6868
Sortino Ratio Rank
HYGW Omega Ratio Rank: 7979
Omega Ratio Rank
HYGW Calmar Ratio Rank: 6767
Calmar Ratio Rank
HYGW Martin Ratio Rank: 8282
Martin Ratio Rank
EXSA.DE
EXSA.DE Risk / Return Rank: 4949
Overall Rank
EXSA.DE Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
EXSA.DE Sortino Ratio Rank: 4343
Sortino Ratio Rank
EXSA.DE Omega Ratio Rank: 4848
Omega Ratio Rank
EXSA.DE Calmar Ratio Rank: 5353
Calmar Ratio Rank
EXSA.DE Martin Ratio Rank: 5454
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYGW vs. EXSA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) and iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

HYGWEXSA.DEDifference

Sharpe ratio

Return per unit of total volatility

1.29

1.28

+0.01

Sortino ratio

Return per unit of downside risk

1.77

1.74

+0.03

Omega ratio

Gain probability vs. loss probability

1.31

1.26

+0.05

Calmar ratio

Return relative to maximum drawdown

1.80

1.95

-0.15

Martin ratio

Return relative to average drawdown

9.49

7.12

+2.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYGW vs. EXSA.DE - Sharpe Ratio Comparison

The current HYGW Sharpe Ratio is 1.29, which is comparable to the EXSA.DE Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of HYGW and EXSA.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HYGWEXSA.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.29

1.28

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.52

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.51

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.20

0.23

+0.97

Correlation

The correlation between HYGW and EXSA.DE is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HYGW vs. EXSA.DE - Dividend Comparison

HYGW's dividend yield for the trailing twelve months is around 12.21%, more than EXSA.DE's 2.50% yield.

TTM20252024202320222021202020192018201720162015
HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF		12.21%12.53%12.30%15.98%8.71%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EXSA.DE
iShares STOXX Europe 600 UCITS ETF (DE)		2.50%2.54%2.79%2.68%2.76%2.23%1.85%2.87%3.03%4.42%3.42%2.97%

Drawdowns

HYGW vs. EXSA.DE - Drawdown Comparison

The maximum HYGW drawdown since its inception was -5.49%, smaller than the maximum EXSA.DE drawdown of -62.78%. Use the drawdown chart below to compare losses from any high point for HYGW and EXSA.DE.

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Drawdown Indicators

HYGWEXSA.DEDifference

Max Drawdown

Largest peak-to-trough decline

-5.49%

-58.34%

+52.85%

Max Drawdown (1Y)

Largest decline over 1 year

-3.23%

-12.45%

+9.22%

Max Drawdown (5Y)

Largest decline over 5 years

—

-20.68%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.69%

—

Current Drawdown

Current decline from peak

-0.74%

-5.40%

+4.66%

Average Drawdown

Average peak-to-trough decline

-0.63%

-11.20%

+10.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.61%

2.64%

-2.03%

Volatility

HYGW vs. EXSA.DE - Volatility Comparison

The current volatility for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is 1.69%, while iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) has a volatility of 6.40%. This indicates that HYGW experiences smaller price fluctuations and is considered to be less risky than EXSA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HYGWEXSA.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.69%

6.40%

-4.71%

Volatility (6M)

Calculated over the trailing 6-month period

2.38%

10.63%

-8.25%

Volatility (1Y)

Calculated over the trailing 1-year period

4.27%

17.53%

-13.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.76%

17.51%

-12.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.76%

17.88%

-13.12%