(HYGH) Interest Rate Hedged High - Overview
Etf: High Yield Bonds, Interest Rate Swap
Dividends
| Dividend Yield | 6.88% |
| Yield on Cost 5y | 8.70% |
| Yield CAGR 5y | 15.79% |
| Payout Consistency | 91.7% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 4.14% |
| Relative Tail Risk | 2.11% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.35 |
| Alpha | -1.00 |
| Character TTM | |
|---|---|
| Beta | 0.279 |
| Beta Downside | 0.405 |
| Drawdowns 3y | |
|---|---|
| Max DD | 8.06% |
| CAGR/Max DD | 1.22 |
Description: HYGH Interest Rate Hedged High December 28, 2025
The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) aims to replicate an index that holds U.S. dollar-denominated high-yield corporate bonds while mitigating interest-rate exposure, primarily through currency-hedging and interest-rate swaps. At least 80 % of its net assets are invested in the index’s constituent securities, delivering exposure to lower-rated issuers with higher yields than investment-grade debt.
Key metrics (as of Q3 2025) show an expense ratio of 0.45 %, a weighted-average maturity of roughly 5 years, and a distribution yield near 7.5 %. The fund’s credit profile is tilted toward BB-rated issuers, with the energy and telecommunications sectors comprising about 30 % of holdings-segments that are especially sensitive to commodity price swings and broadband demand. Its performance is closely tied to the high-yield spread over Treasuries, which widens in a tightening monetary environment and narrows when the Fed eases or recession fears subside.
For a deeper dive into how HYGH’s risk-adjusted performance compares to peers, you might explore the analytics on ValueRay.
What is the price of HYGH shares?
Over the past week, the price has changed by +0.25%, over one month by +0.47%, over three months by +2.64% and over the past year by +6.52%.
Is HYGH a buy, sell or hold?
What are the forecasts/targets for the HYGH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 100.3 | 15.9% |
HYGH Fundamental Data Overview February 02, 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 = 452.2m USD (452.2m + (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 452.2m)
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 452.2m / 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 = 6.94% (E(452.2m)/V(452.2m) * Re(6.94%) + (debt-free company))
Discount Rate = 6.94% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)