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Upturn AI SWOT - About
iShares Interest Rate Hedged High Yield Bond ETF (HYGH)
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Upturn Advisory Summary
08/14/2025: HYGH (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 14.37% | Avg. Invested days 92 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.36 | 52 Weeks Range 76.54 - 86.43 | Updated Date 06/29/2025 |
52 Weeks Range 76.54 - 86.43 | Updated Date 06/29/2025 |
Upturn AI SWOT
iShares Interest Rate Hedged High Yield Bond ETF
ETF Overview
Overview
The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) seeks to provide exposure to U.S. dollar-denominated high yield corporate bonds while mitigating interest rate risk through the use of interest rate swaps. It targets the high-yield bond sector with a focus on hedging interest rate exposure.
Reputation and Reliability
BlackRock is a leading global asset manager with a strong reputation and a long track record of managing ETFs.
Management Expertise
BlackRock has extensive experience in managing fixed-income products, including high yield bonds and interest rate hedging strategies.
Investment Objective
Goal
To track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds with interest rate risk hedged.
Investment Approach and Strategy
Strategy: The ETF aims to replicate the performance of the ICE US High Yield Capped Interest Rate Hedged Index. It employs a representative sampling strategy.
Composition The ETF holds a portfolio of high-yield corporate bonds, along with interest rate swap agreements to hedge against interest rate fluctuations.
Market Position
Market Share: HYGH's market share is relatively small compared to broader high-yield bond ETFs.
Total Net Assets (AUM): 126410283
Competitors
Key Competitors
- SPDR Bloomberg High Yield Bond ETF (JNK)
- iShares iBoxx $ High Yield Corporate Bond ETF (HYG)
- VanEck High Yield Muni ETF (HYMB)
Competitive Landscape
The high-yield bond ETF market is dominated by larger, more liquid ETFs like JNK and HYG. HYGH differentiates itself through its interest rate hedging strategy. Its advantage is reducing interest rate risk, however, it is smaller and has lower trading volume than competitors. HYMB is a municipal bond ETF, so it is not a direct competitor of HYGH.
Financial Performance
Historical Performance: Historical performance varies with market conditions and credit spreads. Data available from BlackRock's official website and financial data providers.
Benchmark Comparison: The ETF's performance should be compared against the ICE US High Yield Capped Interest Rate Hedged Index.
Expense Ratio: 0.5
Liquidity
Average Trading Volume
The ETF's average trading volume is moderate, which could affect the ease of buying and selling large quantities.
Bid-Ask Spread
The bid-ask spread is generally reasonable, but it can widen during periods of market volatility.
Market Dynamics
Market Environment Factors
Economic growth, interest rate policies, and credit spreads significantly affect HYGH's performance.
Growth Trajectory
HYGH's growth depends on investor demand for interest rate-hedged high-yield bond exposure. There may be changes to underlying bond holding.
Moat and Competitive Advantages
Competitive Edge
HYGH's primary competitive advantage is its interest rate hedging strategy, which distinguishes it from traditional high-yield bond ETFs. This makes it attractive to investors concerned about rising interest rates. The ETF offers a targeted solution for investors seeking high-yield exposure while mitigating duration risk. However, the hedging comes with its own costs.
Risk Analysis
Volatility
HYGH exhibits volatility typical of high-yield bonds, influenced by credit risk and market sentiment. Bond values will change in response to interest rate changes and perceived credit risk.
Market Risk
Specific risks include credit risk (default by bond issuers), liquidity risk (difficulty selling bonds), and interest rate risk (although hedged, hedging is not perfect).
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking high-yield bond exposure but also wants to mitigate interest rate risk. Investors who are concerned about rising rates and their impact on fixed income investments.
Market Risk
This ETF is suitable for investors with a moderate risk tolerance seeking income and a hedge against interest rate fluctuations. It may be less suitable for short-term traders due to its specialized focus.
Summary
The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) offers targeted exposure to high-yield corporate bonds while attempting to mitigate interest rate risk, making it an option for investors concerned about rising rates. It differentiates itself by using interest rate swaps, but its AUM and trading volume are relatively lower than larger competitors like JNK and HYG. The fund carries typical risks for high-yield bonds, including credit and liquidity risks. It is suitable for investors seeking income with a specific focus on hedging interest rate exposure within their high-yield bond allocation.
Peer Comparison
Sources and Disclaimers
Data Sources:
- iShares Official Website
- ETF.com
- Bloomberg
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and do not constitute financial advice. Investment decisions should be based on individual circumstances and after consulting with a qualified financial advisor. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares Interest Rate Hedged High Yield Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to track the investment results of the underlying index, which is designed to minimize the interest-rate risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds, represented in the underlying index by the underlying fund. It invests at least 80% of its net assets in component securities and instruments in the fund"s underlying index.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.