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iShares iBoxx $ High Yield Corporate Bond ETF (HYG...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS4642885135
CUSIP464288513
IssueriShares
Inception DateApr 11, 2007
RegionNorth America (U.S.)
CategoryHigh Yield Bonds
Index TrackediBoxx $ Liquid High Yield Index
Home Pagewww.ishares.com
Asset ClassBond

Expense Ratio

HYG has a high expense ratio of 0.49%, indicating higher-than-average management fees.


Expense ratio chart for HYG: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


iShares iBoxx $ High Yield Corporate Bond ETF

Popular comparisons: HYG vs. JNK, HYG vs. USHY, HYG vs. LQD, HYG vs. AGG, HYG vs. SHYG, HYG vs. HYGH, HYG vs. SPHY, HYG vs. FALN, HYG vs. GHYG, HYG vs. EFA

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in iShares iBoxx $ High Yield Corporate Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%15.00%2024FebruaryMarchAprilMayJune
3.42%
15.17%
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

iShares iBoxx $ High Yield Corporate Bond ETF had a return of 2.58% year-to-date (YTD) and 10.00% in the last 12 months. Over the past 10 years, iShares iBoxx $ High Yield Corporate Bond ETF had an annualized return of 3.22%, while the S&P 500 had an annualized return of 10.86%, indicating that iShares iBoxx $ High Yield Corporate Bond ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date2.58%13.65%
1 month1.11%3.82%
6 months3.42%15.17%
1 year10.00%24.08%
5 years (annualized)2.98%13.46%
10 years (annualized)3.22%10.86%

Monthly Returns

The table below presents the monthly returns of HYG, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.12%0.30%1.09%-1.35%1.63%2.58%
20233.67%-1.88%1.98%0.20%-1.23%1.78%1.12%0.18%-1.61%-1.04%4.89%3.19%11.54%
2022-2.65%-0.86%-1.29%-4.18%1.63%-7.05%6.70%-4.31%-3.74%3.37%3.43%-1.76%-10.98%
2021-0.38%-0.24%1.22%0.64%0.04%1.32%0.10%0.61%-0.37%-0.31%-1.17%2.28%3.76%
2020-0.47%-1.29%-10.03%4.88%2.95%-0.58%5.06%-0.02%-0.93%0.40%3.35%1.96%4.47%
20194.94%1.21%1.29%0.99%-1.93%3.15%0.16%0.69%0.44%-0.01%0.57%1.91%14.09%
20180.05%-0.87%-0.23%0.48%0.05%0.10%1.68%0.71%0.53%-1.98%-0.40%-2.09%-2.02%
20170.91%1.53%-0.14%0.82%1.03%0.13%1.02%0.07%0.60%0.08%-0.37%0.25%6.07%
2016-1.60%1.50%2.55%3.12%0.17%1.79%1.31%1.97%1.08%-0.98%0.02%1.84%13.41%
20150.70%2.23%-0.95%0.87%0.36%-1.89%-0.49%-1.52%-2.99%3.23%-2.50%-1.99%-5.02%
20140.40%2.31%-0.08%0.42%1.21%0.61%-2.43%2.38%-1.98%1.06%-1.08%-0.80%1.90%
20130.34%0.93%0.87%2.12%-2.58%-1.69%2.85%-1.27%0.79%2.52%0.47%0.41%5.76%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of HYG is 73, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of HYG is 7373
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
The Sharpe Ratio Rank of HYG is 7373Sharpe Ratio Rank
The Sortino Ratio Rank of HYG is 7676Sortino Ratio Rank
The Omega Ratio Rank of HYG is 7474Omega Ratio Rank
The Calmar Ratio Rank of HYG is 6060Calmar Ratio Rank
The Martin Ratio Rank of HYG is 8080Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


HYG
Sharpe ratio
The chart of Sharpe ratio for HYG, currently valued at 1.69, compared to the broader market0.002.004.006.001.69
Sortino ratio
The chart of Sortino ratio for HYG, currently valued at 2.60, compared to the broader market0.005.0010.002.60
Omega ratio
The chart of Omega ratio for HYG, currently valued at 1.31, compared to the broader market0.501.001.502.002.503.003.501.31
Calmar ratio
The chart of Calmar ratio for HYG, currently valued at 1.06, compared to the broader market0.005.0010.0015.0020.001.06
Martin ratio
The chart of Martin ratio for HYG, currently valued at 8.79, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.79
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.20, compared to the broader market0.002.004.006.002.20
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.12, compared to the broader market0.005.0010.003.12
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.003.501.39
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.76, compared to the broader market0.005.0010.0015.0020.001.76
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.26, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.26

Sharpe Ratio

The current iShares iBoxx $ High Yield Corporate Bond ETF Sharpe ratio is 1.69. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of iShares iBoxx $ High Yield Corporate Bond ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.002024FebruaryMarchAprilMayJune
1.69
2.20
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
Benchmark (^GSPC)

Dividends

Dividend History

iShares iBoxx $ High Yield Corporate Bond ETF granted a 5.92% dividend yield in the last twelve months. The annual payout for that period amounted to $4.58 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$4.58$4.45$3.90$3.50$4.26$4.39$4.49$4.47$4.56$4.76$5.10$5.67

Dividend yield

5.92%5.74%5.30%4.02%4.88%4.99%5.54%5.12%5.27%5.90%5.69%6.10%

Monthly Dividends

The table displays the monthly dividend distributions for iShares iBoxx $ High Yield Corporate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.38$0.44$0.40$0.40$0.36$1.98
2023$0.00$0.37$0.45$0.34$0.33$0.35$0.40$0.36$0.35$0.39$0.39$0.72$4.45
2022$0.00$0.31$0.31$0.33$0.31$0.31$0.33$0.30$0.37$0.35$0.28$0.72$3.90
2021$0.00$0.32$0.31$0.29$0.29$0.29$0.29$0.28$0.28$0.29$0.28$0.58$3.50
2020$0.00$0.37$0.38$0.39$0.37$0.32$0.34$0.34$0.34$0.36$0.36$0.70$4.26
2019$0.00$0.39$0.38$0.38$0.37$0.39$0.39$0.37$0.37$0.35$0.36$0.66$4.39
2018$0.00$0.37$0.34$0.35$0.36$0.38$0.38$0.37$0.37$0.39$0.42$0.77$4.49
2017$0.00$0.38$0.38$0.37$0.37$0.38$0.38$0.37$0.37$0.37$0.37$0.73$4.47
2016$0.00$0.39$0.42$0.38$0.38$0.40$0.40$0.38$0.37$0.39$0.39$0.67$4.56
2015$0.00$0.36$0.39$0.41$0.40$0.40$0.39$0.40$0.38$0.40$0.39$0.82$4.76
2014$0.00$0.46$0.46$0.45$0.42$0.43$0.42$0.43$0.43$0.39$0.40$0.80$5.10
2013$0.50$0.51$0.49$0.47$0.48$0.48$0.45$0.48$0.44$0.45$0.92$5.67

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%2024FebruaryMarchAprilMayJune00
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the iShares iBoxx $ High Yield 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 iBoxx $ High Yield Corporate Bond ETF was 34.24%, occurring on Nov 20, 2008. Recovery took 259 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-34.24%Sep 20, 2007297Nov 20, 2008259Dec 2, 2009556
-22.03%Feb 14, 202026Mar 23, 2020158Nov 4, 2020184
-15.79%Dec 28, 2021189Sep 27, 2022362Mar 7, 2024551
-13.44%Apr 16, 2015209Feb 11, 2016102Jul 8, 2016311
-10.06%Jul 25, 201151Oct 4, 201114Oct 24, 201165

Volatility

Volatility Chart

The current iShares iBoxx $ High Yield Corporate Bond ETF volatility is 1.33%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%2024FebruaryMarchAprilMayJune
1.33%
2.51%
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
Benchmark (^GSPC)