HYGW vs. BYLD ETF Comparison

Comparison of iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) to iShares Yield Optimized Bond ETF (BYLD)

HYGW

iShares High Yield Corporate Bond BuyWrite Strategy ETF

HYGW Description

iShares High Yield Corporate Bond BuyWrite Strategy ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by BlackRock Fund Advisors. The fund invests in fixed income markets of global developed region. The fund invests through derivatives in high yield corporate bonds. It employs long/short strategy and uses derivatives such as options to create its portfolio. The fund seeks to track the performance of the Cboe HYG BuyWrite Index, by using representative sampling technique. iShares High Yield Corporate Bond BuyWrite Strategy ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$32.33

Average Daily Volume

98,799

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

BYLD

iShares Yield Optimized Bond ETF

BYLD Description

The investment seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income. The fund invests primarily in underlying funds that themselves seek investment results corresponding to their own underlying indexes. The fund also invests in a combination of other exchange-traded funds ("ETFs") (including other iShares ETFs), cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates ("BlackRock Cash Funds"). The underlying index is a broadly diversified fixed income index that seeks to deliver current income.

Grade (RS Rating)

Last Trade

$22.43

Average Daily Volume

64,651

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	HYGW	BYLD
30 Days	0.39%	0.11%
60 Days	-0.75%	-1.21%
90 Days	-0.02%	-0.05%
12 Months	4.01%	8.62%

0 Overlapping Holdings

	Symbol	Grade	Weight in HYGW	Weight in BYLD	Overlap

HYGW Overweight 1 Positions Relative to BYLD

	Symbol	Grade	Weight
	HYG	A	99.0%

HYGW Underweight 6 Positions Relative to BYLD

	Symbol	Grade	Weight
	IGLB	D	-25.4%
	SGOV	B	-24.01%
	USHY	A	-20.23%
	EMHY	A	-10.2%
	FLOT	A	-10.11%
	CMBS	C	-9.95%

HYGW: Top Represented Industries & Keywords

Industries:

Keywords: Bond Bond Market Indices Corporate Bond Credit Default Swap Index ETF Exchange Traded Fund High Yield Debt iBoxx

BYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Swaps Bond Market Corporate Bond Index Fund Cash And Cash Equivalents Commercial Mortgage Commercial Mortgage Backed Security Commercial Mortgage Securities Association Futures Markets High Yield Debt Money Market Fund Morningstar Mlp Composite Index Tr Mortgage Mortgage Backed Security Public–Private Investment Program For Legacy Assets Salomon Big Structured Finance