USHYvsHYGWETF Comparison
ETF 1
USHY
iShares Broad USD High Yield Corporate Bond ETF
This fund is part of
US Corporate HY Bonds
-0.14%
VS
ETF 2
HYGW
iShares High Yield Corporate Bond BuyWrite Strategy ETF
This fund is part of
Options Strategies
-0.35%
iShares Broad USD High Yield Corporate Bond ETF (USHY) belongs to the US Corporate HY Bonds segment. iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) is part of the Options Strategies segment. Both ETFs have the same top 3 sector exposures: Finance, Consumer Services and Industrials. USHY is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.69% for HYGW. USHY is up 1.65% year-to-date (YTD) with +$2.97B in YTD flows. HYGW performs better with 2.14% YTD performance, and -$139M in YTD flows. Run a side-by-side ETF comparison of USHY and HYGW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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USHY vs HYGW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USHY HYGW | -0.86%-0.95% | -0.30%-0.07% | +1.65%+2.14% | +3.10%+4.10% | +26.90%+16.60% | +20.69%n/a |
| Flows | USHY HYGW | -$939M- | +$498M+$4M | +$2.97B-$139M | +$3.70B-$110M | +$18.50B+$100M | +$20.88B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USHY HYGW | +2.07%+2.56% | +2.61%+3.00% | +3.39%+3.73% | +4.84%n/a |
| Max drawdown | USHY HYGW | -1.14%-1.27% | -2.20%-1.71% | -3.86%-3.65% | -15.04%n/a |
| Max drawdown duration | USHY HYGW | 19d20d | 50d64d | 68d88d | 721dn/a |
Trading data
USHY | HYGW | |
Last sale 9/16/2026 at 1:30 PM | $36.28 | $28.48 |
| Previous close 09/15/2026 | $36.24 | $28.47 |
| Consolidated volume 09/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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USHY | HYGW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/16/2026 at 1:30 PM
Live
Closed
USHY | HYGW | |
|---|---|---|
| Last price | $36.28 | $28.48 |
| 1D performance | +0.11% | +0.04% |
| AuM | $27.68 B | $110.29 M |
| E/R | 0.08% | 0.69% |
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Exposure
Countries
USHY
USA
87.85%
Other
12.15%
HYGW
USA
87.63%
Other
12.37%
Sectors
USHY
Finance
17.37%
Consumer Services
11.97%
Industrials
11.46%
Non-Energy Materi.
9.07%
Energy
8.83%
Business Services
7.24%
Other
34.06%
HYGW
Finance
18.14%
Consumer Services
13.28%
Industrials
9.32%
Energy
8.7%
Non-Energy Materi.
8.17%
Business Services
7.48%
Other
34.91%
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Diversification
USHY
Total weight of top 15 holdings out of 15
5.34%
HYGW
Total weight of top 15 holdings out of 15
5.94%
Top 15 holdings
Data as of July 31, 2026
USHY
BlackRock Cash Funds - Treasury
1.26%
1261229 B.C., 10% 15apr2032, USD
0.49%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.40%
EchoStar, 10.75% 30nov2029, USD
0.40%
Quikrete Holdings, 6.375% 1mar2032, USD
0.30%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.28%
Cloud Software Group, 6.5% 31mar2029, USD
0.26%
Asurion LLC, 8% 31dec2032, USD
0.26%
Cloud Software Group, 9% 30sep2029, USD
0.26%
Hub International, 7.25% 15jun2030, USD
0.25%
WULF Compute, 7.75% 15oct2030, USD
0.25%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.25%
Nexstar Media, 6.5% 15sep2033, USD
0.24%
Venture Global LNG, 9.5% 1feb2029, USD
0.23%
RP Escrow Issuer, 7.125% 1jun2031, USD
0.23%
HYGW
BlackRock Cash Funds - Treasury
1.15%
1261229 B.C., 10% 15apr2032, USD
0.51%
Meridian Arc HoldCo, 6.25% 30apr2031, USD
0.48%
EchoStar, 10.75% 30nov2029, USD
0.42%
PR RNO Property Owner 1, 6.5% 1may2031, USD
0.34%
SV RNO Property Owner 1, 5.875% 1mar2031, USD
0.34%
Quikrete Holdings, 6.375% 1mar2032, USD
0.33%
Cloud Software Group, 9% 30sep2029, USD
0.32%
Cloud Software Group, 6.5% 31mar2029, USD
0.31%
Centene, 4.625% 15dec2029, USD
0.30%
Hub International, 7.25% 15jun2030, USD
0.30%
Venture Global LNG, 9.5% 1feb2029, USD
0.29%
Core Scientific Finance I, 7.75% 15may2031, USD
0.29%
Asurion LLC, 8% 31dec2032, USD
0.29%
Nexstar Media, 6.5% 15sep2033, USD
0.29%
Frequently asked questions about USHY and HYGW
How have the USHY and HYGW ETFs performed in 2026?
As of September 15, 2026, USHY is up 1.65% year-to-date (YTD), while HYGW has returned 2.14%. That puts HYGW better performer ahead so far this year.
Which ETF is attracting more investor money: USHY or HYGW?
Year-to-date, the USHY ETF saw +$2.97B in flows, compared to -$139M for HYGW.
Which ETF is more volatile: USHY or HYGW?
Over the past year, USHY had a volatility of 2.61%, while HYGW experienced 3%.
Which ETF is bigger: USHY or HYGW?
As of September 15, 2026, USHY holds $27.68 B in assets under management (AUM), while HYGW manages $110.29 M.
What sectors do the USHY and HYGW ETFs invest in?
USHY leans toward sectors like Finance, Consumer Services and Industrials. Meanwhile, HYGW focuses on Finance, Consumer Services and Industrials.
What are the top holdings of the USHY ETF and HYGW ETF?
USHY top holdings include BlackRock Cash Funds - Treasury, 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD. HYGW holds in its top three: BlackRock Cash Funds - Treasury, 1261229 B.C., 10% 15apr2032, USD and Meridian Arc HoldCo, 6.25% 30apr2031, USD.
Which ETF is more diversified: USHY or HYGW?
USHY holds 1896 securities with 5.34% of its assets in the top 15. HYGW has 1325 securities and a top 15 weight of 5.94%.
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Latest news about USHY & HYGW
Schwab Launches New High-Yield Bond ETF on NYSE ARCA
July 13, 2023
USHY
Uptick to inflows in high-yield bond ETFs
December 16, 2022
USHY
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