Data as of .
HYGD vs HYGU: which held to its multiple?
Over a month against its own daily promise, HYGD finished 0.0 points over and HYGU 1.4 points short.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| HYGD | HYGU | HYGD | HYGU | HYGD | HYGU | |
| 1 month | +2.2% | −3.5% | +2.2% | −2.2% | 0.0 pts | −1.4 pts |
| Since launch | +2.2% | −3.5% | +1.8% | −1.8% | +0.4 pts | −1.6 pts |
| HYGD MicroSectors -3x Short High Yield Corporate Bond (HYG) ETNs Aims to return three times the opposite of the daily move of high-yield bonds (HYG) | HYGU MicroSectors 3x Long High Yield Corporate Bond (HYG) ETNs Aims to return three times the daily move of high-yield bonds (HYG) | |
|---|---|---|
| Issuer | MicroSectors | MicroSectors |
| Sets out to return | -3x | +3x |
| On | HYG | HYG |
| Segment | index | index |
| Fund returned, 3 months | +2.2% | −3.5% |
| Underlying returned, 3 months | −0.7% | −0.7% |
| What the stated multiple implies, 3 months | +2.2% | −2.2% |
| Difference from stated, 3 months | 0.0 pts | −1.4 pts |
| Fund returned, 1 year or since launch | +2.2% | −3.5% |
| Difference from stated, over that window | +0.4 pts | −1.6 pts |
| Underlying volatility | 3% | 3% |
| Expense ratio | not published | not published |
| Launched | Aug 11, 2026 | Aug 11, 2026 |
HYGD in plain words
One month to Sep 11, 2026: HYGD returned +2.2% where its own daily promise gave +2.2%, 0.0 points over. Read the multiple against the whole window instead and −3 times HYG's −0.7% implies +2.2%, which makes HYGD look 0.0 points over. 0.0 of that is daily compounding, which happens to any −3 times fund over the same path, and the rest is the fund. HYGD aims to return -3 times HYG's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. HYG moved at 3% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
HYGU in plain words
One month to Sep 11, 2026: HYGU returned −3.5% where its own daily promise gave −2.2%, 1.4 points short. Read the multiple against the whole window instead and +3 times HYG's −0.7% implies −2.2%, which makes HYGU look 1.4 points short. 0.0 of that is daily compounding, which happens to any +3 times fund over the same path, and the rest is the fund. HYGU aims to return +3 times HYG's move each day, then resets. Over longer, the daily results compound, so the total is not +3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, HYGD or HYGU?
- Over the window to Sep 11, 2026, HYGD finished 0.0 points from what its multiple implies and HYGU finished 1.4 points from its own, so HYGD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are HYGD and HYGU levered on the same thing?
- Yes. Both are levered on high-yield bonds, HYGD at -3 times and HYGU at +3 times the daily move.
- Which one decays faster, HYGD or HYGU?
- Decay follows how much the underlying moves about. Over this window HYGD’s moved at 3% annualized and HYGU’s at 3%, so HYGD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold HYGD or HYGU for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Cite this page. ETFIQ, HYGD against HYGU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/HYGD-HYGU Free to use with attribution; the underlying files are at Open data.