HYDB vs HYGW
iShares High Yield Systematic Bond ETF vs iShares High Yield Corporate Bond BuyWrite Strategy ETF
Which is better, HYDB or HYGW?
HYDB has been ahead.
HYDB has a lower expense ratio. HYDB led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HYDB | HYGW |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.69% |
| AUM | $1.6B | $110M |
| Dividend Yield | 7.16% | 10.66% |
| Holdings | 252 | 8 |
| YTD Return | -5.91%Best | -6.70% |
| 1Y Return | -4.61%Best | -5.76% |
| 3Y Return (annualized) | +6.25%Best | +2.49% |
| 5Y Return (annualized) | +2.70% | - |
| Volatility (annualized) | 5.9% | 3.9%Best |
| Max Drawdown | -6.7%Best | -7.2% |
| $10,000 over 4.1 years | $12,450Best | $11,261 |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Fixed Income | Fixed Income |
| Style | High Yield Bond | High Yield Bond |
| Inception | Jul 11, 2017 | Aug 18, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 22, 2022 to Oct 14, 2026 (4.1 years).
HYDB vs HYGW growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.1 years both funds cover.
HYDB vs HYGW Performance
iShares High Yield Systematic Bond ETF (HYDB) is an ETF from iShares by BlackRock (US) and iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) is an ETF from iShares by BlackRock (US). Over the past year HYDB returned -4.61% while HYGW returned -5.76%. Year to date, HYDB is down 5.91% versus a loss of 6.70% for HYGW.
Over three years, HYDB compounded at +6.25% per year against +2.49% for HYGW. Across the full 4-year window we track, HYDB has the edge at +5.49% annualized vs +2.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HYDB has been the more volatile fund, with annualized monthly volatility of 5.9% compared with 3.9% for HYGW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.7% for HYDB and -7.2% for HYGW. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HYDB charges 0.35% per year while HYGW charges 0.69%. On a $10,000 position that is $35 vs $69 annually, a gap of $34 per year that compounds over a long holding period. On income, HYDB currently yields 7.16% against 10.66% for HYGW.
Holdings Overlap
We hold position weights for 183 holdings in HYDB and 2 in HYGW, totalling 73.3% and 99.7% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 183 positions we hold weights for in HYDB and 2 in HYGW, against full books of 252 and 8.
Top Shared Holdings
| Stock | Weight in HYDB | Weight in HYGW | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.13% | 0.16% | 0.03% |
You are not choosing between two funds in isolation.
Whichever of HYDB and HYGW you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HYDB or HYGW?
HYDB has an expense ratio of 0.35% while HYGW charges 0.69%. HYDB is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, HYDB or HYGW?
Over the past year HYDB returned -4.61% vs -5.76% for HYGW, so HYDB leads on 1-year performance. Over the longest common window we track (4 years), HYDB annualized +5.49% vs +2.94% for HYGW. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HYDB or HYGW?
HYDB has been the more volatile fund at 5.9% annualized versus 3.9% for HYGW. Worst drawdown: HYDB -6.7% vs HYGW -7.2%.
Should I hold both HYDB and HYGW?
HYDB and HYGW have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, HYDB or HYGW?
HYDB yields 7.16% while HYGW yields 10.66%, so HYGW currently pays the higher dividend yield.
Is HYGW better than HYDB?
HYDB has a lower expense ratio. HYDB led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.