ETF Evaluator:
MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs ()
Follow This ETF
(as of Oct 14)
Best Performing in Trading--Inverse Debt Over the Last Year
| 32.0% | Simplify Interest Rate Hedge ETF (PFIX) |
| 29.0% | Direxion Daily 20+ Yr Trsy Bear 3X ETF (TMV) |
| 25.7% | ProShares UltraPro Short 20+ Year Trs (TTT) |
| 19.8% | Direxion Daily 7-10 Yr Trs Bear 3X ETF (TYO) |
| 18.6% | ProShares UltraShort 20+ Year Treasury (TBT) |
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Risk
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ETF Details
MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs Overview
MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs (HYGD) is an actively managed Miscellaneous Trading--Inverse Debt exchange-traded fund (ETF). BMO Capital Markets launched the ETF in 2026.
The investment seeks to provide three times leveraged inverse participation in the VettaFi High Yield Corporate Bond Fund-Tracking Index (the “Index”) from one leverage reset day to the next, before taking into account fees and charges.
The index is a total return index that tracks the performance of the iShares® iBoxx $High Yield Corporate Bond ETF and is designed to provide exposure to U.S. dollar-denominated high-yield corporate debt through a single fund-tracking vehicle.
About MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs (HYGD)
There are members of the management team with an average tenure of 0.00 years: . Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: VettaFi High Yild CrprtBdFdTrckng TR USD index with a weighting of 100%. MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs has 1 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs is part of the Other global asset class and is within the Miscellaneous ETF group. MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs has 11.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.8% (87.2% domestic bond, 11.6% foreign bond and 0.0% convertible bond). MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $90 million average for the Trading--Inverse Debt category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HYGD Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs expense ratio is high compared to funds in the Trading--Inverse Debt category. MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs has an expense ratio of 0.95%, which is 4% higher than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 0% for the Trading--Inverse Debt category.
Recently, in the month of October 2026, MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs returned -1.8%, which earned it a grade of A, as the Trading--Inverse Debt category had an average return of -7.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
MicroSectors -3x ShrHiYdCrpBd(HYG)ETNs has a trailing yield of 0.00%, which is below the 2.89% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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HYGD Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HYGD Return (NAV) | -1.8% | na | na | na | na | na |
| HYGD Return (Price) | 7.1% | na | na | na | na | na |
| NAV +/- Price Return | -8.963% | na | na | na | na | na |
| Trading--Inverse Debt Avg | -7.1% | 2.0% | 17.6% | 0.0% | 15.3% | 1.1% |
| HYGD Grade (NAV) | A | na | na | na | na | na |
| +/- Category (NAV) | 5.2% | na | na | na | na | na |
| HYGD Tax-Cost Ratio | na | na | na | na | na | na |
HYGD Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HYGD Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| HYGD Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Trading--Inverse Debt Avg | 12.4% | -2.9% | 21.5% | -4.2% | 73.3% | 1.6% | -28.8% | -19.1% | 3.4% | -12.4% | -8.2% |
| HYGD Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 5 Mil |
| Share Class Assets: | $ 5 Mil |
| Turnover: | na |
| Expense Ratio: | 0.95% |
| Index Fund: | No |
| Index Tracked: | VettaFi High Yild CrprtBdFdTrckng TR USD |
| Index Weighting: | 100% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: | |||
| Longest Tenure: years | |||
| Average Tenure: years | |||
| Managers (Year): | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 1 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 11.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 87.2% |
| Foreign Bond: | 11.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Uncollateralized Debt Instrument |
| Fund Family: | BMO Capital Markets |
| Phone Number: | 877-369-5412 |
| Website: | |
| Inception Date: | August 10, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.95% (Rating: High) |
| Category Average Expense Ratio (%): | 0.92% |
