(HYGW) Trust - High Yield - Overview
Etf: High-Yield Bonds, Call Options
Dividends
| Dividend Yield | 13.00% |
| Yield on Cost 5y | 14.91% |
| Yield CAGR 5y | 5.78% |
| Payout Consistency | 92.1% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 2.96% |
| Relative Tail Risk | 3.07% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.46 |
| Alpha | 0.01 |
| Character TTM | |
|---|---|
| Beta | 0.165 |
| Beta Downside | 0.206 |
| Drawdowns 3y | |
|---|---|
| Max DD | 3.65% |
| CAGR/Max DD | 1.68 |
Description: HYGW Trust - High Yield December 31, 2025
The iShares High Yield Corporate Bond BuyWrite Strategy ETF (ticker HYGW) implements a covered-call overlay: it writes (sells) European-style call options on the shares of its underlying high-yield corporate bond index, never exceeding the number of shares it holds, thereby generating option premium income while retaining the long bond exposure.
Key data points to watch: (1) the option-writing premium yield, which historically has hovered around 4-5 % annualized and can boost total return in flat or modestly rising rate environments; (2) the fund’s effective duration, typically 2-3 years, making it less sensitive to interest-rate moves than a pure high-yield bond index; and (3) the credit spread compression trend, as tighter spreads in the investment-grade and high-yield markets tend to enhance the underlying bond performance, amplifying the covered-call benefit.
Given the current Federal Reserve policy stance-still navigating higher-for-long rates-monitoring both the Treasury yield curve and corporate default rates will be critical to assess HYGW’s risk-adjusted upside; a deeper dive on ValueRay can help you model these dynamics more precisely.
What is the price of HYGW shares?
Over the past week, the price has changed by +0.17%, over one month by +0.57%, over three months by +1.64% and over the past year by +6.04%.
Is HYGW a buy, sell or hold?
What are the forecasts/targets for the HYGW price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 35 | 17.4% |
HYGW Fundamental Data Overview February 05, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 181.6m USD (181.6m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 181.6m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 181.6m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.52% (E(181.6m)/V(181.6m) * Re(6.52%) + (debt-free company))
Discount Rate = 6.52% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)