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iShares iBoxx $ High Yield Corporate Bond ETF (HYG)

ETF · Currency in USD · Last updated May 27, 2023

HYG is an exchange-traded fund (ETF) offered by iShares that is designed to track the performance of the iBoxx $ Liquid High Yield Index. This is a passive ETF, which means it is designed to replicate the performance of the underlying index rather than trying to beat it through active management.

The iBoxx $ Liquid High Yield Index comprises US dollar-denominated, high-yield corporate bonds that are considered more liquid than other high-yield bonds. These bonds are issued by companies that are considered at greater risk of defaulting on their debt obligations but offer a higher yield to compensate investors for the added risk.

ETF Info

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

Expense Ratio

The iShares iBoxx $ High Yield Corporate Bond ETF has a high expense ratio of 0.49%, indicating higher-than-average management fees.


0.49%
0.00%2.15%

Share Price Chart


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Performance

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.


-4.00%-2.00%0.00%2.00%4.00%6.00%December2023FebruaryMarchAprilMay
2.69%
6.09%
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with HYG

Return

iShares iBoxx $ High Yield Corporate Bond ETF had a return of 2.54% year-to-date (YTD) and -2.46% in the last 12 months. Over the past 10 years, iShares iBoxx $ High Yield Corporate Bond ETF had an annualized return of 2.86%, while the S&P 500 had an annualized return of 9.83%, indicating that iShares iBoxx $ High Yield Corporate Bond ETF did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-0.93%1.70%
Year-To-Date2.54%9.53%
6 months1.61%4.45%
1 year-2.46%1.14%
5 years (annualized)2.10%9.10%
10 years (annualized)2.86%9.83%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20233.67%-1.88%1.98%0.20%
20223.37%3.43%-1.76%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
-0.02
^GSPC
S&P 500
0.27

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current iShares iBoxx $ High Yield Corporate Bond ETF Sharpe ratio is -0.02. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.80-0.60-0.40-0.200.000.200.40December2023FebruaryMarchAprilMay
-0.02
0.27
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
Benchmark (^GSPC)

Dividend History

iShares iBoxx $ High Yield Corporate Bond ETF granted a 7.28% dividend yield in the last twelve months. The annual payout for that period amounted to $5.39 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$5.39$3.90$3.50$4.26$4.39$4.49$4.47$4.56$4.76$5.10$5.67$6.16

Dividend yield

7.28%5.41%4.31%5.45%5.87%6.85%6.68%7.23%8.55%8.70%9.86%11.33%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.37$0.45$0.34
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
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
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
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
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
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
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
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
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
2013$0.00$0.50$0.51$0.49$0.47$0.48$0.48$0.45$0.48$0.44$0.45$0.92
2012$0.51$0.54$0.55$0.51$0.54$0.52$0.50$0.51$0.49$0.51$0.99

Drawdowns Chart

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


-20.00%-15.00%-10.00%December2023FebruaryMarchAprilMay
-8.98%
-12.32%
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the iShares iBoxx $ High Yield Corporate Bond ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the iShares iBoxx $ High Yield Corporate Bond ETF is 34.24%, recorded on Nov 20, 2008. It took 259 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-34.24%Sep 20, 2007297Nov 20, 2008259Dec 2, 2009556
-22.03%Feb 21, 202022Mar 23, 2020158Nov 4, 2020180
-15.79%Dec 28, 2021189Sep 27, 2022
-13.44%Apr 16, 2015209Feb 11, 2016102Jul 8, 2016311
-10.06%Jul 25, 201151Oct 4, 201114Oct 24, 201165

Volatility Chart

The current iShares iBoxx $ High Yield Corporate Bond ETF volatility is 1.85%, 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.


2.00%4.00%6.00%8.00%December2023FebruaryMarchAprilMay
1.85%
3.82%
HYG (iShares iBoxx $ High Yield Corporate Bond ETF)
Benchmark (^GSPC)

Alternatives


SymbolInceptionExpense RatioYTD Ret.10Y Ann. Ret.Div. YieldMax. DrawdownSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
AGGSep 22, 20030.05%1.6%1.3%3.2%-18.4%-0.5
JNKNov 28, 20070.40%3.0%2.6%8.2%-38.5%-0.0
LQDJul 26, 20020.15%2.3%2.2%4.3%-25.0%-0.3
SHYGOct 15, 20130.30%2.6%3.1%7.3%-19.3%0.2
USHYOct 25, 20170.15%3.2%2.5%8.4%-22.4%0.0

Portfolios with iShares iBoxx $ High Yield Corporate Bond ETF


Portfolio NameYTD Return10Y ReturnDiv. Yield10Y VolatilityMax. DrawdownExpense RatioSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
Aronson Family Taxable Portfolio4.52%6.11%3.40%12.28%-42.95%0.19%-0.03
Dividend Income Portfolio-3.09%6.03%6.30%14.14%-59.63%0.38%-0.54
Gone Fishin’ Portfolio4.17%5.59%3.55%12.08%-26.03%0.12%0.05