HYG vs IQHI
iShares iBoxx $ High Yield Corporate Bond ETF compared with NYLI MacKay High Income ETF on yield, payout growth, payment schedule, cost and risk.
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
TTM yield · Monthly
IQHI
NYLI MacKay High Income ETF
TTM yield · Monthly
Quick take
- IQHI yields more today: 7.63% vs 6.10% (forward).
- Both pay every month.
- Over the last year IQHI delivered the higher total return: +1.5% vs +0.7% (price change plus payouts).
- IQHI is cheaper to own: 0.41% vs 0.49% expense ratio.
- HYG has the steadier distribution: consistency 94/100 vs 65/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | HYG | IQHI |
|---|---|---|
| Share price | $77.05 | $25.09 |
| TTM yield | 6.10% | 7.63% |
| Forward yield | 6.10% | 7.63% |
| Annual payout per share | $4.701 | $1.914 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 31, 2026 (est.) | Oct 30, 2026 (est.) |
| Expense ratio | 0.49% | 0.41% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 94/100 | 65/100 |
| 1-year total return | +0.7% | +1.5% |
| 1-year price return | -5.1% | -5.7% |
| Size (market cap / AUM) | 16.8B | 109.4M |
| Years paying | 19.5 | 3.9 |
| 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 | IQHI | |
|---|---|---|
| Shares | 129.8 | 398.6 |
| Income per year | $610 | $763 |
| Income per month (avg) | $51 | $64 |
At forward yields, before taxes. Model HYG · Model IQHI
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. |
| IQHI Oct 30, 2026 | Nov 13, 2026 | $0.1595 | Est. |
| IQHI Nov 29, 2026 | Dec 13, 2026 | $0.1595 | Est. |
| IQHI Dec 29, 2026 | Jan 12, 2027 | $0.1595 | Est. |
Annual payouts per share
HYGIQHI
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 IQHI?
IQHI currently has the higher trailing yield: HYG yields 6.10% and IQHI yields 7.63%. Yield changes daily with price, so check the live figures above.
How often do HYG and IQHI pay?
HYG pays every month and IQHI pays every month. HYG's next ex-date is Oct 31, 2026 and IQHI's is Oct 30, 2026.
Is HYG or IQHI better for income?
It depends on what you are optimising for. HYG and IQHI 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.