HYGH: 9.1% Yielding Corporate Bond ETF, Interest Rate Hedged, Solid Performance

Jun. 16, 2024 9:20 PM ETiShares Interest Rate Hedged High Yield Bond ETF (HYGH)11 Comments5 Likes

Summary

  • HYGH invests in high-yield corporate bonds and hedges its interest rate risk through swaps.
  • HYGH has a strong 9.1% dividend yield, 3.1% higher than HYG, the largest unhedged high-yield bond ETF in the market.
  • The fund's performance track record is good, outperforming most bonds and bond sub-asset classes since inception.

tumsasedgars

I last covered the iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) in late 2023. In that article, I argued that HYGH's strong, growing 8.1% yield made the fund a buy. HYGH has performed reasonably well since, outperforming most