(HYGH) iShares Interest Rate - Ratings and Ratios
Bonds, Dollar, Corporate, Yield, Hedge
Description: HYGH iShares Interest Rate October 25, 2025
The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) aims to replicate an index of U.S. dollar-denominated high-yield corporate bonds while employing interest-rate hedges to reduce sensitivity to changes in Treasury yields. The fund must allocate at least 80 % of its net assets to the securities that compose the underlying index, ensuring close tracking of the index’s performance.
As of Q3 2025, HYGH carries an expense ratio of 0.45 % and reports a weighted-average credit rating of BB- (S&P) with an average effective duration of roughly 3.2 years, reflecting its focus on short-to-intermediate-term high-yield debt. The fund’s distribution yield sits near 5.8 % and its historical 12-month default rate has hovered around 3.5 %, both metrics that investors monitor to gauge risk-adjusted returns in the sector.
Key economic drivers for HYGH include Federal Reserve policy (which influences the cost of hedging and the spread between high-yield bonds and Treasuries), corporate earnings trends in cyclical industries (energy, industrials, and consumer discretionary) that dominate the high-yield universe, and the overall supply of new high-yield issuance, which can compress spreads when demand remains strong.
For a deeper, data-driven analysis of how HYGH’s risk-adjusted performance stacks up against peers, you might explore the quantitative tools available on ValueRay.
HYGH ETF Overview
| Market Cap in USD | 432m |
| Category | High Yield Bond |
| TER | 0.52% |
| IPO / Inception | 2014-05-27 |
HYGH ETF Ratings
| Growth Rating | 77.8% |
| Fundamental | - |
| Dividend Rating | 85.0% |
| Return 12m vs S&P 500 | -11.4% |
| Analyst Rating | - |
HYGH Dividends
| Dividend Yield 12m | 7.04% |
| Yield on Cost 5y | 10.20% |
| Annual Growth 5y | 17.90% |
| Payout Consistency | 92.4% |
| Payout Ratio | % |
HYGH Growth Ratios
| Growth Correlation 3m | 81.4% |
| Growth Correlation 12m | 87.8% |
| Growth Correlation 5y | 94.5% |
| CAGR 5y | 9.87% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.23 |
| CAGR/Mean DD 3y (Pain Ratio) | 16.23 |
| Sharpe Ratio 12m | -0.17 |
| Alpha | 0.76 |
| Beta | 0.170 |
| Volatility | 3.73% |
| Current Volume | 22.6k |
| Average Volume 20d | 69.6k |
| Stop Loss | 83.8 (-3.1%) |
| Signal | 0.52 |
What is the price of HYGH shares?
Over the past week, the price has changed by -0.12%, over one month by +0.15%, over three months by +2.03% and over the past year by +7.34%.
Is iShares Interest Rate a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HYGH is around 92.32 USD . This means that HYGH is currently overvalued and has a potential downside of 6.74%.
Is HYGH a buy, sell or hold?
What are the forecasts/targets for the HYGH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 101.2 | 17% |
HYGH Fundamental Data Overview October 27, 2025
Beta = 0.17
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 431.9m USD (431.9m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 431.9m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 431.9m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.64% (E(431.9m)/V(431.9m) * Re(6.64%) + (debt-free company))
Discount Rate = 6.64% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for HYGH ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle