HYGWiShares High Yield Corporate Bond Buywrite Strategy ETF
Tracks the investment results of an index reflecting a buy-write strategy on high yield corporate bonds.
By iShares · Launched 2022
0.69%
#3,610 of 5,861 · average
$110M
#2,913 of 5,861 · mid-size
9.24%
3 years
#2,690 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 3 holdings = 100.0% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Tracks the investment results of an index reflecting a buy-write strategy on high yield corporate bonds.
- Strategy
- Seeks to track the Cboe HYG BuyWrite Index by holding the iShares iBoxx $ High Yield Corporate Bond ETF and writing one-month call options to generate income. Focuses on U.S. dollar-denominated high yield corporate bonds.
- Inception date
- August 18, 2022
- Fund family
- iShares
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04