# HYGD (MicroSectors -3x Short High Yield Corporate Bond (HYG) ETNs)

MicroSectors · Leveraged ETFs · data as of Sep 11, 2026

One month to Sep 11, 2026: HYGD returned +2.2% where its own daily promise gave +2.2%, 0.0 points over.

## Key facts

- HYGD, what HYG did: −0.7%, as of Sep 11, 2026.
- HYGD, what −3 times a day gives: +2.2%, as of Sep 11, 2026.
- HYGD, what the fund returned: +2.2%, as of Sep 11, 2026.
- HYGD, the fund itself added: 0.0 pts, as of Sep 11, 2026.
- HYGD, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- HYGD, underlying: HYG, as of Sep 11, 2026.

## HYGD over each window to Sep 11, 2026

| Window | Fund | HYG | -3x the move | Difference | HYG moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +2.2% | −0.7% | +2.2% | 0.0 pts | 3% |
| Since launch | +2.2% | −0.6% | +1.8% | +0.4 pts | 3% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -3 times the daily move of HYG, reset daily | ETFIQ |
| Multiple a holder actually got over the window | HYG moved −0.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | HYG | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Aug 11, 2026 | ETFIQ |
| Underlying volatility over the window | 3% annualized | ETFIQ |

## Questions

### Did HYGD return -3 times HYG?

Over the window to Sep 11, 2026, HYG moved −0.7% and HYGD returned +2.2%. 3 times that move is +2.2%, so the fund came out 0.0 points ahead of it.

### Why does HYGD not return -3 times over a year?

Because it resets daily. HYGD aims at -3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, HYGD, data as of Sep 11, 2026. https://etfiq.com/funds/HYGD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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