iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW)
| Assets | $233.76M |
| Expense Ratio | 0.69% |
| PE Ratio | n/a |
| Shares Out | 7.50M |
| Dividend (ttm) | $3.88 |
| Dividend Yield | 12.80% |
| Ex-Dividend Date | Jul 2, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| Volume | 24,018 |
| Open | 30.31 |
| Previous Close | 30.31 |
| Day's Range | 30.28 - 30.33 |
| 52-Week Low | 29.66 |
| 52-Week High | 32.83 |
| Beta | 0.24 |
| Holdings | 4 |
| Inception Date | Aug 18, 2022 |
About HYGW
Fund Home PageThe iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) is an exchange-traded fund that is based on the Cboe HYG BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares High Yield Corporate Bond ETF and writing one-month call options against the shares. HYGW was launched on Aug 18, 2022 and is issued by BlackRock.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 2, 2025 | $0.41873 | Jul 8, 2025 |
| Jun 3, 2025 | $0.38667 | Jun 6, 2025 |
| May 2, 2025 | $0.56028 | May 7, 2025 |
| Apr 2, 2025 | $0.35096 | Apr 7, 2025 |
| Mar 4, 2025 | $0.20973 | Mar 7, 2025 |
| Feb 4, 2025 | $0.32989 | Feb 7, 2025 |
Performance
HYGW had a total return of 4.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.63%.
News
HYGW: Attractive ETF When Credit Spreads Are Tight
HYGW implements a passive strategy of holding the iShares iBoxx High Yield Corporate Bond ETF and systematically selling one-month covered call options on 100% of its holdings. While HYGW exhibits low...
LQDW And HYGW: Avoid These Buy-Write ETFs
Buy-write ETFs like LQDW and HYGW historically underperformed their underlying ETFs due to mechanical monthly covered Call strategies. LQDW and HYGW's make sense in very few scenarios, in most scenari...
HYGW: Avoid This Amortizing ETF
The iShares High Yield Corporate Bond Buywrite Strategy ETF writes covered calls on the HYG ETF to generate high distributions. The fund's strategy results in capped upside and uncapped downside, caus...
HYGW: Covered Call High-Yield Bond ETF, Outstanding 13.3% Yield, Declining Share Price And Distributions
HYGW offers a strong 13.3% distribution yield by investing in high-yield corporate bonds and writing covered calls. The fund's strategy works best when high-yield rates are flat or increasing, worst w...
HYGW: High-Yield Bond Covered Call ETF, Strong 16.7% Yield
HYGW invests in high-yield corporate bonds and sells covered calls. Doing so leads to a massive 16.7% yield, but long-term capital losses and distribution cuts. An overview of the fund follows.
HYGW: This Buy-Write Bond Fund Could Deliver Sustainable Double-Digit Yields
iShares High Yield Corporate Bond Buywrite Strategy ETF is one of a trio of BlackRock fixed-income buy-write or covered call ETFs. The fund holds a position in the iShares iBoxx $ High Yield Corporate...
HYGW: High Yield Bonds Meet Covered Calls For A 15% Yield
Covered call funds are becoming very popular for income-seeking investors. These funds are not limited to stocks.
HYGW: Double-Digit Forward Yields, Long-Term Capital Depletion
BlackRock recently launched three BuyWrite fixed income ETFs. These provide investors with strong, double-digit dividend yields, but should see lower share prices and capital losses long-term.
BlackRock Announces 3 New BuyWrite Fixed Income ETFs For The Savvy Investor
On August 22, BlackRock Inc (NYSE: BLK) unveiled three new fixed income exchange traded funds, offering investors a BuyWrite strategy on fixed income assets.
BlackRock Launches Industry's First BuyWrite Fixed Income ETFs
NEW YORK--(BUSINESS WIRE)--BlackRock today launched a first-of-its-kind suite of fixed income ETFs that provide access to buy-write investment strategies on baskets of fixed income securities: the iSh...