HYGW vs USHY
iShares High Yield Corporate Bond Buywrite Strategy ETF compared with iShares Broad USD High Yield Corporate Bond ETF on yield, payout growth, payment schedule, cost and risk.
HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
TTM yield · Monthly
USHY
iShares Broad USD High Yield Corporate Bond ETF
TTM yield · Monthly
Quick take
- HYGW yields more today: 11.12% vs 7.16% (forward).
- Both pay every month.
- Over the last year HYGW delivered the higher total return: +2.5% vs +1.0% (price change plus payouts).
- USHY is cheaper to own: 0.08% vs 0.69% expense ratio.
- USHY has the steadier distribution: consistency 96/100 vs 67/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | HYGW | USHY |
|---|---|---|
| Share price | $28.02 | $35.60 |
| TTM yield | 11.12% | 7.16% |
| Forward yield | 11.12% | 7.16% |
| Annual payout per share | $3.116 | $2.549 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 1, 2026 (est.) | Oct 31, 2026 (est.) |
| Expense ratio | 0.69% | 0.08% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 67/100 | 96/100 |
| 1-year total return | +2.5% | +1.0% |
| 1-year price return | -7.7% | -5.8% |
| Size (market cap / AUM) | 108.8M | 26.0B |
| Years paying | 4.1 | 8.9 |
| 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
| HYGW | USHY | |
|---|---|---|
| Shares | 356.9 | 280.9 |
| Income per year | $1,112 | $716 |
| Income per month (avg) | $93 | $60 |
At forward yields, before taxes. Model HYGW · Model USHY
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| 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. |
| USHY Oct 31, 2026 | Nov 14, 2026 | $0.2124 | Est. |
| USHY Nov 30, 2026 | Dec 14, 2026 | $0.2124 | Est. |
| USHY Dec 30, 2026 | Jan 13, 2027 | $0.2124 | Est. |
Annual payouts per share
HYGWUSHY
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, HYGW or USHY?
HYGW currently has the higher trailing yield: HYGW yields 11.12% and USHY yields 7.16%. Yield changes daily with price, so check the live figures above.
How often do HYGW and USHY pay?
HYGW pays every month and USHY pays every month. HYGW's next ex-date is Nov 1, 2026 and USHY's is Oct 31, 2026.
Is HYGW or USHY better for income?
It depends on what you are optimising for. HYGW and USHY 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.