HYG vs HYGW
iShares iBoxx $ High Yield Corporate Bond ETF compared with iShares High Yield Corporate Bond Buywrite Strategy ETF on yield, payout growth, payment schedule, cost and risk.
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
TTM yield · Monthly
HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
TTM yield · Monthly
Quick take
- HYGW yields more today: 11.12% vs 6.10% (forward).
- Both pay every month.
- Over the last year HYGW delivered the higher total return: +2.5% vs +0.7% (price change plus payouts).
- HYG is cheaper to own: 0.49% vs 0.69% expense ratio.
- HYG has the steadier distribution: consistency 94/100 vs 67/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | HYG | HYGW |
|---|---|---|
| Share price | $77.05 | $28.02 |
| TTM yield | 6.10% | 11.12% |
| Forward yield | 6.10% | 11.12% |
| Annual payout per share | $4.701 | $3.116 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 31, 2026 (est.) | Nov 1, 2026 (est.) |
| Expense ratio | 0.49% | 0.69% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 94/100 | 67/100 |
| 1-year total return | +0.7% | +2.5% |
| 1-year price return | -5.1% | -7.7% |
| Size (market cap / AUM) | 16.8B | 108.8M |
| Years paying | 19.5 | 4.1 |
| Sector / category | High Yield Bond | High Yield Bond |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| HYG | HYGW | |
|---|---|---|
| Shares | 129.8 | 356.9 |
| Income per year | $610 | $1,112 |
| Income per month (avg) | $51 | $93 |
At forward yields, before taxes. Model HYG · Model HYGW
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| HYG Oct 31, 2026 | Nov 14, 2026 | $0.3917 | Est. |
| HYG Nov 30, 2026 | Dec 14, 2026 | $0.3917 | Est. |
| HYG Dec 30, 2026 | Jan 13, 2027 | $0.3917 | Est. |
| HYGW Nov 1, 2026 | Nov 15, 2026 | $0.2597 | Est. |
| HYGW Dec 1, 2026 | Dec 15, 2026 | $0.2597 | Est. |
| HYGW Dec 31, 2026 | Jan 14, 2027 | $0.2597 | Est. |
Annual payouts per share
HYGHYGW
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, HYG or HYGW?
HYGW currently has the higher trailing yield: HYG yields 6.10% and HYGW yields 11.12%. Yield changes daily with price, so check the live figures above.
How often do HYG and HYGW pay?
HYG pays every month and HYGW pays every month. HYG's next ex-date is Oct 31, 2026 and HYGW's is Nov 1, 2026.
Is HYG or HYGW better for income?
It depends on what you are optimising for. HYG and HYGW differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.