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ETFs

iShares Interest Rate Hedged High Yield Bond ETF

HYGH
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 27 2014
Expense Ratio
0.52%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,650,691
AUM
$150,214,176
Associated Index
BlackRock Interest Rate Hedged High Yield Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
103.86%
n/a
Derivatives offset
85.69%
XTSLA
BLK CSH FND TREASURY SL AGENCY
3.18%
n/a
CASH COLLATERAL USD XJPM
2.84%
n/a
SWP: OIS 0.441000 17-JUN-2024
0.22%
n/a
USD CASH
0.21%
n/a
SWP: OIS 2.936000 04-AUG-2024
0.07%
n/a
SWP: OIS 1.439500 22-FEB-2024
0.07%
n/a
SWP: OIS 0.770500 05-JAN-2024
0.05%
n/a
SWP: OIS 1.638500 14-MAR-2024
0.04%
Invest with HYGH

What is HYGH?

The iShares Interest Rate Hedged High Yield Bond ETF seeks to track the investment results of an index designed to mitigate the interest rate risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds.

ETFs related toHYGH

ETFs correlated to HYGH include HYS, SJNK, SHYG

HYGH
BlackRock Institutional Trust Company N.A. - iShares Interest Rate Hedged High Yield Bond ETF
HYS
Pimco Exchange Traded Fund - PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond 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.

Automated Strategies
Related toHYGH

#PTC

Pick the Trending Commodity

Category

Living With High Inflation, Ride the Momentum

Risk Rating

Moderate

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HYGH using Composer

FAQ

HYGH is a US Bonds ETF. The iShares Interest Rate Hedged High Yield Bond ETF seeks to track the investment results of an index designed to mitigate the interest rate risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds.

HYGH tracks the BlackRock Interest Rate Hedged High Yield Bond Index.

No, HYGH 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, HYGH 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 HYGH is 0.0098%. This is the percent change in the value of HYGH over the most recent 1-month period. The 3-month return on HYGH is 0.0364%. This is the percent change in the value of HYGH over the most recent 3-month period.

The standard deviation of HYGH for the past year is 0.0886%. 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 HYGH include IGSB, VCIT, and VCSH.

ETFs correlated to HYGH include HYS, SJNK, and SHYG.

ETFs that are inversely correlated to HYGH include SJB, FAZ, and HIBS.

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.