iShares Interest Rate Hedged High Yield Bond ETF (HYGH) Performance
HYGH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.0% since Dec 31, 2025
- 1 year
- +4.8% total return
- 5 years
- +6.6% a year
- 10 years
- +5.7% a year
- Since first price
- +4.6% a year since 2014
HYGH trailing returns vs AGG, TLT, SPY
| Period | HYGH total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.4% | −1.9% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.5% | −2.0% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.0% | −2.1% | −1.5% | −3.8% | +7.8% |
| YTD | +3.0% | −1.8% | −1.0% | −3.4% | +12.3% |
| 1 year | +4.8% | −1.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +29.2%+8.9%/yr | +3.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +37.9%+6.6%/yr | −3.5% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +74.1%+5.7%/yr | −4.3% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionMay 29, 2014 | +74.1%+4.6%/yr | −15.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HYGH vs AGG
From May 29, 2014: HYGH grew to $17,413, AGG to $12,336.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HYGH returns by calendar year
8 of 11 full years positive. Best 2016 (+13.2%), worst 2015 (−6.5%). 2026 is year to date.
HYGH annual returns table
| Year | HYGH | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +3.0% | −1.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +6.9% | −8.1% | +7.2% | +4.3% | +17.7% |
| 2024 | +11.2% | −3.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +12.2% | −4.8% | +5.7% | +2.8% | +26.2% |
| 2022 | −0.9% | −8.2% | −13.0% | −31.2% | −18.2% |
| 2021 | +5.8% | −1.8% | −1.8% | −4.6% | +28.7% |
| 2020 | +0.5% | −23.9% | +7.5% | +18.2% | +18.3% |
| 2019 | +11.1% | −3.6% | +8.5% | +14.1% | +31.2% |
| 2018 | −0.9% | −7.6% | +0.1% | −1.6% | −4.6% |
| 2017 | +6.4% | −2.5% | +3.6% | +9.2% | +21.7% |
| 2016 | +13.2% | −8.1% | +2.4% | +1.2% | +12.0% |
| 2015 | −6.5% | −11.9% | +0.5% | −1.8% | +1.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HYGH largest drawdowns
Now 1.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 16, 2020 | −23.9% | Mar 23, 2020 | Dec 24, 2020 | 2 months | 11 months |
| Jun 23, 2014 | −18.4% | Feb 11, 2016 | Dec 7, 2016 | 1.6 years | 2.5 years |
| Apr 4, 2022 | −8.2% | Jun 30, 2022 | Dec 13, 2022 | 3 months | 8 months |
| Feb 20, 2025 | −8.1% | Apr 4, 2025 | May 12, 2025 | 43 days | 3 months |
| Oct 1, 2018 | −7.6% | Dec 24, 2018 | Apr 1, 2019 | 3 months | 6 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
HYGH risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +8.8% | +6.8% | +5.9% | +4.6% |
| Volatility (annualized) | 3.0% | 5.5% | 6.5% | 6.6% |
| Sharpe ratio | 1.42 | 0.59 | 0.56 | 0.45 |
| Sortino ratio | 2.89 | 0.91 | 0.78 | 0.62 |
| Best month | +2.9% | +5.1% | +5.1% | +5.1% |
| Worst month | −1.2% | −6.2% | −10.8% | −10.8% |
| Best 12 months | +14.1% | +14.9% | +20.0% | +20.0% |
| Worst 12 months | +5.2% | −4.2% | −10.5% | −10.8% |
| Positive months | 83% | 72% | 68% | 66% |
| Beta vs S&P 500 | 0.19 | 0.28 | 0.34 | — |
| Correlation with S&P 500 | 0.78 | 0.79 | 0.80 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HYGH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 138 | −10.8% | +5.3% | +20.0% | 78% |
| 3-year (a year) | 114 | −0.6% | +5.6% | +11.5% | 99% |
| 5-year (a year) | 90 | +1.1% | +4.8% | +8.9% | 100% |
| 10-year (a year) | 30 | +3.9% | +5.6% | +6.8% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
HYGH performance overview
iShares Interest Rate Hedged High Yield Bond ETF (HYGH) returned +4.8% over the past year and +5.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +4.6% a year, turning $10,000 into about $17,413. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −23.9%, from Jan 16, 2020 to Mar 23, 2020, and it took 9 months to get back to the old high. HYGH finished 8 of its 11 full calendar years with a gain; the best year was 2016 (+13.2%) and the worst 2015 (−6.5%). Volatility has been 6.6% a year.
Related: HYGH chart, HYGH dividends, HYGH bond profile. See the HYGH overview for the latest quote and fund facts.
HYGH performance FAQ
What is the HYGH return over the past year?
HYGH returned +4.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.7%.
What is the average annual return of HYGH?
HYGH has returned +6.6% a year over 5 years, +5.7% a year over 10 years, +4.6% a year since May 29, 2014 (total return, distributions reinvested).
How much would $10,000 invested in HYGH be worth?
$10,000 invested in HYGH at its first recorded close on May 29, 2014 would be worth about $17,413 on October 23, 2026 with distributions reinvested.
What was the worst year for HYGH?
The worst calendar year was 2015, with a total return of −6.5%. The best was 2016 at +13.2%.
What is the biggest drawdown of HYGH?
The largest peak-to-trough decline was −23.9% between January 16, 2020 and March 23, 2020. It recovered to the old high on December 24, 2020, 9 months after the bottom.
How volatile is HYGH?
Over the past 3 years HYGH had an annualized volatility of 3.0% and a Sharpe ratio of 1.42 (excess return over 1–3 month T-bills per unit of risk).