iShares Interest Rate Hedged High Yield Bond ETF

HYGH

Market cap $431M

Overview Fund Activity

86.17 USD

-0.05

0.06%

At close Updated Sep 12, 4:00 PM EDT

1 day

-0.06%

5 days

-0.03%

1 month

0.13%

3 months

0.43%

6 months

0.75%

Year to date

-0.12%

1 year

1.36%

5 years

3.54%

10 years

-2.81%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

57% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 14

31% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 26

9% more funds holding

Funds holding: 89 [Q1] → 97 (+8) [Q2]

2.01% more ownership

Funds ownership: 37.53% [Q1] → 39.54% (+2.01%) [Q2]

4% more capital invested

Capital invested by funds: $162M [Q1] → $169M (+$6.83M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

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Financial journalist opinion

HYGH: 3 Reasons To Avoid This ETF

HYGH's high expense ratio is a major drawback, especially compared to cheaper high yield ETFs like SPHY and USHY. High yield bond spreads are currently tight relative to historical norms. Fed rate cuts are likely to benefit high yield ETFs which have moderate interest rate exposure.

HYGH: 3 Reasons To Avoid This ETF

Zacks Investment Research

Fed Cuts Rates by 0.25%, Signals Fewer Cuts: ETFs to Play

The Fed slashes rates by 25 basis points, as expected but provides a somewhat hawkish guidance.

Fed Cuts Rates by 0.25%, Signals Fewer Cuts: ETFs to Play

End Of 2024 Trending Exchange-Traded Funds

I updated my universe of exchange-traded funds to track based on superior long-term performance. Nearly 450 ETFs are ranked based on short-term monthly returns, exponential moving average, and money flows into funds. With valuations and concentrations high, I select twenty trending ETFs Lipper Categories with less risk of correction in 2025 for further analysis.

End Of 2024 Trending Exchange-Traded Funds

HYGH: Best ETF In Its Category, Yet Unconvincing

iShares Interest Rate Hedged High Yield Bond ETF invests in high-yield bonds while using derivatives to hedge interest rate variations. HYGH underperformed the non-hedged underlying index when rates were staying in a range, then it outperformed when they surged. HYGH is the largest, most liquid and best performing “junk bond” ETF with an interest rate hedge.

HYGH: Best ETF In Its Category, Yet Unconvincing

Undercovered Dozen ETF Edition: China, Bitcoin, Cybersecurity, Motley Fool +

This ETF Edition highlights 12 less covered exchange-traded fund ideas on Seeking Alpha from June 1st - July 15th. ETFs in our first edition include Saba Closed-End Funds, iShares 20+ Year Treasury Bond BuyWrite Strategy, Global X Russell 2000 Covered Call, Invesco S&P 500 GARP, and more. Managed futures are in focus with one ETF idea where the author writes they "offer potential for maximizing income, boosting returns, and reducing volatility in a portfolio".

Undercovered Dozen ETF Edition: China, Bitcoin, Cybersecurity, Motley Fool +

HYGH: 9.1% Yielding Corporate Bond ETF, Interest Rate Hedged, Solid Performance

HYGH invests in high-yield corporate bonds and hedges its interest rate risk through swaps. HYGH has a strong 9.1% dividend yield, 3.1% higher than HYG, the largest unhedged high-yield bond ETF in the market. The fund's performance track record is good, outperforming most bonds and bond sub-asset classes since inception.

HYGH: 9.1% Yielding Corporate Bond ETF, Interest Rate Hedged, Solid Performance

3 Strong, Little-Known Income ETFs

Some income ETFs offer high yields and strong value propositions, but fly under the radar of most investors. I've identified three such ETFs: RISR, HYGH and CLOZ. These offer yields in the 7% - 9% range, have outperformed since inception, and get little coverage at Seeking Alpha.

HYGH: Removing Rate Risk, Keeping Credit Risk

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) offers investors exposure to high-yield corporate bonds while mitigating interest rate risk. HYGH achieves this by investing in the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and maintaining short positions in interest rate swaps.

Zacks Investment Research

Play New Interest Rate Realities With These ETFs

Traders have dialed back their expectations for immediate Fed rate cuts, now viewing them as less likely in the near term. Investors can navigate this edgy investing backdrop with these ETFs.

HYGH: Green-Shoots In Restructuring Signal Dangers

HYGH allows investors to trade a view on credit spreads. Credit spreads are currently at historically low levels, but there are concerns about weaker corporate balance sheets and increased credit risk perception. HYGH yields nicely, and the lack of duration is also a benefit if markets are disappointed with the pace of disinflation, but we think credit risk is understated.

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