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ETFs

iShares High Yield Corporate Bond BuyWrite Strategy ETF

HYGW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 18, 2022
Expense Ratio
0.69%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$525,799
AUM
$42,253,093
Associated Index
iShares iBoxx $ High Yield Corporate Bond ETF
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
99.93%
n/a
Derivatives offset
32.31%
XTSLA
BLK CSH FND TREASURY SL AGENCY
0.09%
n/a
USD CASH
-0.02%
HYG US FLEX
OCT23 HYG US C @ 75
-32.31%
Invest with HYGW

What is HYGW?

The iShares High Yield Corporate Bond BuyWrite Strategy ETF seeks to track the investment results of an index that reflects a strategy of holding the iShares iBoxx $ High Yield Corporate Bond ETF while writing (selling) one-month covered call options to generate income. It may provide enhanced income compared to traditional U.S. high yield corporate bonds by selling monthly covered call options.

ETFs related toHYGW

ETFs correlated to HYGW include BBHY, HYG, HYLB

HYGW
iShares Trust - iShares High Yield Corporate Bond BuyWrite Strategy ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Create your own algorithmic trading strategy with HYGW using Composer

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May 23, 2025 • by Kaustubh Bagalkote
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FAQ

HYGW is a US Bonds ETF. The iShares High Yield Corporate Bond BuyWrite Strategy ETF seeks to track the investment results of an index that reflects a strategy of holding the iShares iBoxx $ High Yield Corporate Bond ETF while writing (selling) one-month covered call options to generate income. It may provide enhanced income compared to traditional U.S. high yield corporate bonds by selling monthly covered call options.

HYGW tracks the iShares iBoxx $ High Yield Corporate Bond ETF.

No, HYGW is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HYGW is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYGW is -0.0009%. This is the percent change in the value of HYGW over the most recent 1-month period. The 3-month return on HYGW is 0.0089%. This is the percent change in the value of HYGW over the most recent 3-month period.

The standard deviation of HYGW for the past year is 0.0771%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYGW include IGSB, SPIB, and VCIT.

ETFs correlated to HYGW include BBHY, HYG, and HYLB.

ETFs that are inversely correlated to HYGW include SJB, SPXU, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.