- ISIN
- US4642861789
- CUSIP
- 464286178
- Issuer
- iShares
- Inception Date
- Apr 3, 2012
- Region
- Developed Markets (Broad)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Markit iBoxx Global Developed Markets High Yield Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $199M
Share Price Chart
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Performance
GHYG Performance Chart
iShares US & Intl High Yield Corp Bond ETF (GHYG) is up 0.6% since the beginning of the year. GHYG is currently trading at $45 per share. Investors who bought $1,000 worth of GHYG shares 5 years ago would now be looking at an investment worth $1,179.
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Returns By Period
iShares US & Intl High Yield Corp Bond ETF (GHYG) has returned 0.55% so far this year and 5.22% over the past 12 months. Over the last ten years, GHYG has returned 4.91% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares US & Intl High Yield Corp Bond ETF
- 1D
- -0.11%
- 1M
- 0.46%
- YTD
- 0.55%
- 6M
- 0.73%
- 1Y
- 5.22%
- 3Y*
- 8.92%
- 5Y*
- 3.35%
- 10Y*
- 4.91%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GHYG Monthly Returns History
Based on dividend-adjusted daily data since Apr 5, 2012, GHYG's average daily return is +0.02%, while the average monthly return is +0.40%. At this rate, an investment would double in approximately 14.5 years.
Historically, 59% of months were positive and 41% were negative. The best month was Jul 2022 with a return of +6.6%, while the worst month was Mar 2020 at -12.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GHYG closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +6.5%, while the worst single day was Mar 18, 2020 at -8.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.80% | -0.46% | -1.59% | 1.97% | 0.08% | -0.21% | 0.55% | ||||||
| 2025 | 1.24% | 1.14% | -0.28% | 1.58% | 1.31% | 2.53% | -0.09% | 1.34% | 0.78% | -0.61% | 0.79% | 1.03% | 11.28% |
| 2024 | -0.42% | 0.11% | 1.10% | -1.32% | 1.99% | -0.08% | 2.43% | 1.96% | 1.73% | -1.34% | 0.63% | -0.99% | 5.85% |
| 2023 | 3.99% | -2.23% | 2.65% | 0.39% | -1.53% | 1.85% | 1.54% | -0.35% | -1.93% | -0.63% | 5.15% | 3.99% | 13.29% |
| 2022 | -3.09% | -1.25% | -1.44% | -5.08% | 1.82% | -7.94% | 6.56% | -4.92% | -4.32% | 3.44% | 5.06% | -0.62% | -12.15% |
| 2021 | -0.42% | 0.06% | 0.05% | 1.38% | 0.89% | 0.22% | -0.12% | 0.33% | -0.77% | -0.34% | -1.60% | 2.00% | 1.62% |
Benchmark Metrics
iShares US & Intl High Yield Corp Bond ETF has an annualized alpha of 0.78%, beta of 0.30, and R2 of 0.38 versus S&P 500 Index. Calculated based on daily prices since April 05, 2012.
- This ETF participated in 46.33% of S&P 500 Index downside but only 35.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.30 may look defensive, but with R2 of 0.38 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.38 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.78%
- Beta
- 0.30
- R²
- 0.38
- Upside Capture
- 35.14%
- Downside Capture
- 46.33%
Expense Ratio
GHYG has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GHYG ranks 31 for risk / return — below 31% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares US & Intl High Yield Corp Bond ETF (GHYG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GHYG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.78 | -1.42 |
| Martin ratioReturn relative to average drawdown | 5.02 | 12.44 | -7.42 |
Dividends
Dividend History
iShares US & Intl High Yield Corp Bond ETF provided a 6.24% dividend yield over the last twelve months, with an annual payout of $2.82 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.82 | $2.78 | $2.69 | $2.48 | $1.92 | $2.25 | $2.21 | $2.30 | $2.59 | $2.32 | $2.24 | $2.14 |
Dividend yield | 6.24% | 6.03% | 6.11% | 5.60% | 4.64% | 4.57% | 4.36% | 4.61% | 5.62% | 4.60% | 4.61% | 4.79% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares US & Intl High Yield Corp Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.23 | $0.22 | $0.23 | $0.23 | $0.24 | $1.15 | ||||||
| 2025 | $0.00 | $0.22 | $0.21 | $0.22 | $0.22 | $0.24 | $0.23 | $0.25 | $0.23 | $0.22 | $0.23 | $0.51 | $2.78 |
| 2024 | $0.00 | $0.22 | $0.21 | $0.24 | $0.22 | $0.23 | $0.21 | $0.22 | $0.21 | $0.23 | $0.23 | $0.48 | $2.69 |
| 2023 | $0.00 | $0.20 | $0.18 | $0.21 | $0.21 | $0.21 | $0.23 | $0.21 | $0.20 | $0.22 | $0.22 | $0.40 | $2.48 |
| 2022 | $0.00 | $0.17 | $0.17 | $0.17 | $0.15 | $0.16 | $0.17 | $0.16 | $0.16 | $0.18 | $0.16 | $0.27 | $1.92 |
| 2021 | $0.00 | $0.19 | $0.19 | $0.20 | $0.20 | $0.18 | $0.18 | $0.18 | $0.17 | $0.18 | $0.18 | $0.40 | $2.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares US & Intl High Yield Corp Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares US & Intl High Yield Corp Bond ETF was 27.36%, occurring on Mar 23, 2020. Recovery took 95 trading sessions.
The current iShares US & Intl High Yield Corp Bond ETF drawdown is 0.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -27.36%Mar 2020 | 2mo 6d | 4mo 16d | 6mo 22dJan 2020 - Aug 2020 |
Bear market2022 | -20.44%Sep 2022 | 1y 11d | 1y 8mo | 2y 8moSep 2021 - Jun 2024 |
2016 correction2016 | -15.53%Feb 2016 | 1y 7mo | 10mo 23d | 2y 6moJul 2014 - Jan 2017 |
Rate-hike selloffLate 2018 | -7.88%Dec 2018 | 10mo 29d | 2mo 5d | 1y 29dJan 2018 - Feb 2019 |
2013 pullback2013 | -5.69%Jul 2013 | 1mo 21d | 3mo 14d | 5mo 5dMay 2013 - Oct 2013 |
Drawdown Indicators
| GHYG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -56.78% | +29.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.84% | -9.10% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.46% | -18.90% | +14.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -25.43% | +4.99% |
Max Drawdown (10Y)Largest decline over 10 years | -27.36% | -33.92% | +6.56% |
Current DrawdownCurrent decline from peak | -0.80% | -1.80% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -10.71% | +7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.03% | -0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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