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iShares Interest Rate Hedged High Yield Bond ETF (HYGH)

High Yield Bond | Exchange Traded Fund | NYSEArca
86.48 USD +0.03 (0.035%) ⇧ (July 13, 2026, 4 p.m. EDT)
After hours: 86.51 +0.03 (0.035%) ⇧ (July 13, 2026, 5:05 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | July 11, 2026, 3:21 a.m. EDT

The iShares Interest Rate Hedged High Yield Bond ETF presents a classic case of a defensive income vehicle that offers stability but lacks explosive potential. The six-and-a-half percent dividend yield is attractive, yet the recent payout history reveals a troubling trend of cuts and volatility, dropping significantly from the $0.70+ range seen in 2023 to the current $0.45-$0.49 range, indicating that the fund manager is actively managing capital preservation rather than maximizing distribution growth. While the price has held steady over the last decade, the recent headlines warning of 'pain ahead' for junk bond ETFs highlight the sector's vulnerability to rising rates, even with interest rate hedging in place. The statistical forecast model shows zero directional bias for the coming month, confirming that the asset is currently in a holding pattern. For investors seeking pure income, the yield is decent but not without risk of further cuts; for those seeking capital appreciation, the hedging structure and the sluggish price action suggest this is not the vehicle for outperformance.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.001886
MSTL0.002206
AutoTheta0.002778
MSTL_790.003216
AutoARIMA0.004901
MSTL_1260.007672
MSTL_79_1260.008008

Forecast horizon: 60 days | Selected: AutoETS

Forecast Reliability
Score 72%
H-stat 0.70
Ljung-Box p 0.000
Jarque-Bera p 0.603
Excess Kurtosis -0.56
Attribute Value
Trailing P/E 10.96

As of July 11, 2026, 3:21 a.m. EDT: Options activity is extremely sparse with negligible open interest and volume across all expirations. The lack of positioning suggests a lack of speculative conviction in either direction, reflecting the low liquidity of this hedged bond ETF.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.52% 6.60% 7.70% 7.03%
Dividend History
Date Dividend Yield %
2026-07-02 0.447 0.517427
2026-06-02 0.455 0.526925
2026-05-04 0.488 0.566914
2026-04-02 0.492 0.575708
2026-03-03 0.472 0.551531
2026-02-03 0.429 0.495782
2025-12-23 0.475 0.552261
2025-12-02 0.451 0.523870
2025-11-04 0.499 0.582556
2025-10-02 0.477 0.552339
2025-09-03 0.480 0.557362
2025-08-04 0.513 0.598530
2025-07-02 0.487 0.564703
2025-06-03 0.505 0.589402
2025-05-02 0.514 0.608860
2025-04-02 0.510 0.599788
2025-03-04 0.493 0.572657
2025-02-04 0.507 0.585180
2024-12-20 0.547 0.636202
2024-12-03 0.508 0.586280
2024-11-04 0.551 0.641145
2024-10-02 0.552 0.645237
2024-09-04 0.561 0.660777
2024-08-02 0.582 0.696839
2024-07-02 0.520 0.612846
2024-06-04 0.549 0.647788
2024-05-02 0.621 0.727763
2024-04-02 0.573 0.675150
2024-03-04 0.640 0.754272
2024-02-02 0.575 0.681603
2023-12-22 0.730 0.868634
2023-12-04 0.646 0.772727
2023-11-02 0.752 0.908454
2023-10-03 0.699 0.852439
2023-09-05 0.730 0.874985
2023-08-02 0.624 0.749073
2023-07-05 0.561 0.674887
2023-06-02 0.517 0.627435
2023-05-02 0.483 0.592856
2023-04-04 0.532 0.653081
2023-03-02 0.667 0.801201
2023-02-02 0.578 0.684575
2022-12-23 0.552 0.669903
2022-12-02 0.525 0.632515
2022-11-02 0.480 0.583161
2022-10-04 0.543 0.666119
2022-09-02 0.571 0.707103
2022-08-02 0.408 0.492207
2022-07-05 0.385 0.486172
2022-06-02 0.343 0.403838
2022-05-03 0.344 0.404373
2022-04-04 0.358 0.410005
2022-03-02 0.306 0.356539
2022-02-02 0.278 0.320203
2021-12-23 0.303 0.343775
2021-12-02 0.260 0.299643
2021-11-02 0.264 0.302035
2021-10-04 0.274 0.313609
2021-09-02 0.261 0.297131
2021-08-03 0.269 0.308876
2021-07-02 0.272 0.308561
2021-06-02 0.275 0.314469
2021-05-04 0.278 0.317878
2021-04-05 0.254 0.289208
2021-03-02 0.273 0.314002
2021-02-02 0.305 0.352516
2020-12-24 0.274 0.318009
2020-12-02 0.334 0.390219
2020-11-03 0.304 0.363541
2020-10-02 0.275 0.332222
2020-09-02 0.235 0.279629
2020-08-04 0.240 0.288133
2020-07-02 0.273 0.337537
2020-06-02 0.274 0.332686
2020-05-04 0.304 0.392663
2020-04-02 0.374 0.501959
2020-03-03 0.336 0.392340
2020-02-04 0.286 0.322152
2019-12-24 0.296 0.330852
2019-12-03 0.324 0.369855
2019-11-04 0.321 0.365080
2019-10-02 0.319 0.366873
2019-09-04 0.347 0.398347
2019-08-02 0.359 0.409121
2019-07-02 0.390 0.440549
2019-06-04 0.398 0.455586
2019-05-02 0.373 0.415705
2019-04-02 0.396 0.443484
2019-03-04 0.395 0.442478
2019-02-04 0.463 0.520693
2018-12-28 0.830 0.978877
2018-12-04 0.433 0.489210
2018-11-02 0.494 0.545314
2018-10-02 0.421 0.457161
2018-09-05 0.426 0.466952
2018-08-02 0.447 0.487512
2018-07-03 0.438 0.485857
2018-06-04 0.460 0.505522
2018-05-02 0.429 0.471429
2018-04-03 0.395 0.437479
2018-03-02 0.349 0.383917
2018-02-02 0.344 0.377537
2017-12-28 0.391 0.430427
2017-12-04 0.368 0.404484
2017-11-02 0.365 0.399584
2017-10-03 0.340 0.371422
2017-09-06 0.368 0.407125
2017-08-02 0.379 0.414615
2017-07-06 0.417 0.459069
2017-06-02 0.382 0.418997
2017-05-02 0.358 0.394708
2017-04-04 0.379 0.418248
2017-03-02 0.332 0.362406
2017-02-02 0.276 0.304942
2016-12-28 0.386 0.430611
2016-12-02 0.405 0.459966
2016-11-02 0.392 0.450616
2016-10-04 0.377 0.427704
2016-09-02 0.319 0.362958
2016-08-02 0.337 0.396377
2016-07-06 0.352 0.419347
2016-06-02 0.353 0.416716
2016-05-03 0.315 0.374875
2016-04-04 0.325 0.395339
2016-03-02 0.358 0.439587
2016-02-02 0.197 0.248624
2015-12-28 0.503 0.610318
2015-12-02 0.380 0.445121
2015-11-03 0.340 0.386451
2015-10-02 0.373 0.444778
2015-08-04 0.400 0.441063
2015-07-02 0.399 0.434262
2015-06-02 0.407 0.432960
2015-05-04 0.405 0.431172
2015-04-02 0.410 0.438690
2015-03-03 0.399 0.421108
2015-02-03 0.372 0.400215
2014-12-26 0.388 0.409240
2014-12-02 0.431 0.457683
2014-11-04 0.411 0.425114
2014-10-02 0.403 0.415378
2014-09-03 0.444 0.449302
2014-08-04 0.450 0.458529
2014-07-02 0.864 0.859873
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 6.61

Info Dump

Attribute Value
All Time High 101.48
All Time Low 63.02
Ask 0.0
Ask Size 100
Average Daily Volume10 Day 49,870
Average Daily Volume3 Month 55,665
Average Volume 55,665
Average Volume10Days 49,870
Beta3 Year 0.2
Bid 0.0
Bid Size 100
Category High Yield Bond
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 86.575
Day Low 86.39
Dividend Yield 6.61
Eps Trailing Twelve Months 7.8924303
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 86.47288
Fifty Day Average Change 0.0071258545
Fifty Day Average Change Percent 0.00008240566
Fifty Two Week Change Percent 0.35988092
Fifty Two Week High 87.19
Fifty Two Week High Change -0.7099991
Fifty Two Week High Change Percent -0.008143125
Fifty Two Week Low 84.78
Fifty Two Week Low Change 1.7000046
Fifty Two Week Low Change Percent 0.020051952
Fifty Two Week Range 84.78 - 87.19
First Trade Date Milliseconds 1,401,370,200,000
Five Year Average Return 0.0692418
Full Exchange Name NYSEArca
Fund Family iShares
Fund Inception Date 1,401,148,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary 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.
Long Name iShares Interest Rate Hedged High Yield Bond ETF
Market us_market
Market State PREPRE
Max Age 86,400
Message Board Id finmb_259653076
Nav Price 86.41753
Net Assets 549,573,120.0
Net Expense Ratio 0.52
Open 86.43
Phone (415) 670-2000
Post Market Change 0.02999878
Post Market Change Percent 0.03468869
Post Market Price 86.51
Post Market Time 1,783,976,700
Previous Close 86.45
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.0300064
Regular Market Change Percent 0.0347096
Regular Market Day High 86.575
Regular Market Day Low 86.39
Regular Market Day Range 86.39 - 86.575
Regular Market Open 86.43
Regular Market Previous Close 86.45
Regular Market Price 86.48
Regular Market Time 1,783,972,800
Regular Market Volume 138,834
Short Name iShares Interest Rate Hedged Hi
Source Interval 15
Symbol HYGH
Three Year Average Return 0.09462129
Total Assets 549,573,120
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 10.957335
Trailing Peg Ratio None
Trailing Three Month Nav Returns 2.84848
Trailing Three Month Returns 2.84848
Triggerable 1
Two Hundred Day Average 86.23052
Two Hundred Day Average Change 0.2494812
Two Hundred Day Average Change Percent 0.002893189
Type Disp ETF
Volume 138,834
Yield 0.0661
Ytd Return 3.19708