Key stats
About Vest 2 Year Interest Rate Hedge ETF
Home page
www.vestfin.com/etfs/HYKE-2-year-interest-rate-hedge-etf.
Inception date
Jan 10, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Vest Financial LLC
Distributor
Quasar Distributors LLC
ISIN
US26922B5848
HYKE aims to deliver positive returns from rising 2-year interest rates by investing in interest rate swaptions. The 2-year rate broadly measures the cost of borrowing cash overnight, collateralized by Treasury securities compounded over two years. As the fund anticipates losses when the 2-year rate falls, the fund buys and sells interest rate payer or receiver swaptions every quarter to limit downside losses. The fund hedges against increases in the 2-year rate by investing in various derivatives including futures, options, interest rate swaps, and swaptions. It may also take long positions in interest rate swaps to benefit from rising interest rates. The fund generally intends to hold swaptions maturing in three months for more predictable returns. It seeks to limit losses of up to 20% over a quarter, with the potential upside capped between 5-35%. The fund may forego some upside potential and there is no assurance that the fund will succeed in limiting losses.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund79.91%
Cash20.09%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HYKE last dividends amounted to 0.12 USD. The quarter before, the issuer paid 0.11 USD in dividends, which shows a 3.62% increase.
HYKE assets under management is 1.24 M USD. It's fallen 3.67% over the last month.
HYKE fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HYKE pays dividends to its holders with the dividend yield of 1.78%. The last dividend (Jul 1, 2025) amounted to 0.12 USD. The dividends are paid quarterly.
HYKE shares are issued by Cboe Global Markets, Inc. under the brand Vest. The ETF was launched on Jan 10, 2024, and its management style is Active.
HYKE expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
HYKE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HYKE invests in funds.
HYKE price has fallen by −0.78% over the last month, and its yearly performance shows a −4.01% decrease. See more dynamics on HYKE price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.77% over the last month, showed a −2.26% decrease in three-month performance and has decreased by −7.21% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −2.77% over the last month, showed a −2.26% decrease in three-month performance and has decreased by −7.21% in a year.
HYKE trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.