- Issuer
- iShares
- Inception Date
- Oct 6, 2020
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofA BB US High Yield Constrained Index (USD)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $403M
Share Price Chart
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Performance
HYBB Performance Chart
iShares BB Rated Corporate Bond ETF (HYBB) is up 1.5% since the beginning of the year. HYBB is currently trading at $47 per share. Investors who bought $1,000 worth of HYBB shares 5 years ago would now be looking at an investment worth $1,189.
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Returns By Period
iShares BB Rated Corporate Bond ETF (HYBB) has returned 1.50% so far this year and 6.16% over the past 12 months.
iShares BB Rated Corporate Bond ETF
- 1D
- -0.19%
- 1M
- 0.42%
- YTD
- 1.50%
- 6M
- 1.76%
- 1Y
- 6.16%
- 3Y*
- 8.17%
- 5Y*
- 3.53%
- 10Y*
- —
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%
HYBB Monthly Returns History
Based on dividend-adjusted daily data since Oct 8, 2020, HYBB's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Jul 2022 with a return of +6.3%, while the worst month was Jun 2022 at -6.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HYBB closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +3.0%, while the worst single day was Jun 13, 2022 at -3.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.53% | 0.33% | -1.25% | 1.39% | 0.52% | -0.02% | 1.50% | ||||||
| 2025 | 1.44% | 0.82% | -0.75% | 0.07% | 1.58% | 1.93% | 0.04% | 1.16% | 0.89% | 0.22% | 0.72% | 0.52% | 8.95% |
| 2024 | 0.33% | 0.00% | 1.14% | -1.13% | 1.56% | 0.66% | 1.79% | 1.41% | 1.29% | -1.28% | 1.46% | -0.99% | 6.35% |
| 2023 | 3.03% | -2.14% | 2.82% | -0.08% | -1.09% | 1.33% | 1.05% | -0.08% | -1.75% | -0.33% | 4.71% | 2.85% | 10.53% |
| 2022 | -2.96% | -1.25% | -1.32% | -4.07% | 2.49% | -6.60% | 6.26% | -3.90% | -3.56% | 2.93% | 3.33% | -1.17% | -10.11% |
| 2021 | -0.50% | -0.20% | 0.23% | 0.85% | 0.13% | 1.56% | 0.63% | 0.59% | -0.29% | -0.19% | -1.16% | 1.70% | 3.36% |
Benchmark Metrics
iShares BB Rated Corporate Bond ETF has an annualized alpha of -0.12%, beta of 0.29, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since October 08, 2020.
- This ETF participated in 42.40% of S&P 500 Index downside but only 28.67% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.29 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -0.12%
- Beta
- 0.29
- R²
- 0.54
- Upside Capture
- 28.67%
- Downside Capture
- 42.40%
Expense Ratio
HYBB has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
HYBB ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares BB Rated Corporate Bond ETF (HYBB) 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.
| HYBB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.78 | -0.29 |
| Martin ratioReturn relative to average drawdown | 11.17 | 12.44 | -1.27 |
Dividends
Dividend History
iShares BB Rated Corporate Bond ETF provided a 5.86% dividend yield over the last twelve months, with an annual payout of $2.73 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $2.73 | $2.87 | $2.86 | $2.89 | $2.24 | $2.00 | $0.40 |
Dividend yield | 5.86% | 6.08% | 6.22% | 6.28% | 5.04% | 3.86% | 0.76% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares BB Rated Corporate 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 | $0.23 | $0.24 | $0.27 | $0.23 | $1.20 | ||||||
| 2025 | $0.00 | $0.24 | $0.24 | $0.24 | $0.37 | $0.24 | $0.23 | $0.20 | $0.24 | $0.23 | $0.19 | $0.45 | $2.87 |
| 2024 | $0.00 | $0.19 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.26 | $0.25 | $0.24 | $0.25 | $0.48 | $2.86 |
| 2023 | $0.00 | $0.32 | $0.23 | $0.23 | $0.27 | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 | $0.21 | $0.48 | $2.89 |
| 2022 | $0.00 | $0.17 | $0.17 | $0.19 | $0.11 | $0.19 | $0.19 | $0.17 | $0.21 | $0.21 | $0.17 | $0.46 | $2.24 |
| 2021 | $0.00 | $0.17 | $0.17 | $0.16 | $0.17 | $0.16 | $0.17 | $0.17 | $0.16 | $0.17 | $0.16 | $0.34 | $2.00 |
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 BB Rated Corporate 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 BB Rated Corporate Bond ETF was 15.28%, occurring on Sep 27, 2022. Recovery took 371 trading sessions.
The current iShares BB Rated Corporate Bond ETF drawdown is 0.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.28%Sep 2022 | 1y 11d | 1y 5mo | 2y 6moSep 2021 - Mar 2024 |
2025 selloff2025 | -4.01%Apr 2025 | 29d | 1mo 4d | 2mo 3dMar 2025 - May 2025 |
2021 pullback2021 | -2.72%Mar 2021 | 1mo | 2mo 16d | 3mo 16dFeb 2021 - Jun 2021 |
2026 pullback2026 | -2.48%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2024 pullback2024 | -2.12%Apr 2024 | 19d | 17d | 1mo 6dMar 2024 - May 2024 |
Drawdown Indicators
| HYBB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.28% | -56.78% | +41.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -9.10% | +6.62% |
Max Drawdown (3Y)Largest decline over 3 years | -4.01% | -18.90% | +14.89% |
Max Drawdown (5Y)Largest decline over 5 years | -15.28% | -25.43% | +10.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.24% | -1.80% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -10.71% | +7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.03% | -1.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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