iShares iBoxx $ High Yield Corporate Bond ETF (HYG)
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
US4642885135
464288513
Apr 11, 2007
North America (U.S.)
1x
iBoxx $ Liquid High Yield Index
Expense Ratio
HYG has an expense ratio of 0.49%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) returned 2.62% year-to-date (YTD) and 9.05% over the past 12 months. Over the past 10 years, HYG returned 3.97% annually, underperforming the S&P 500 benchmark at 10.78%.
HYG
2.62%
3.20%
2.63%
9.05%
5.54%
3.97%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.36% | 0.97% | -1.09% | 0.12% | 1.25% | 2.62% | |||||||
| 2024 | 0.12% | 0.30% | 1.09% | -1.35% | 1.63% | 0.48% | 2.35% | 1.55% | 1.70% | -0.96% | 1.64% | -0.78% | 7.98% |
| 2023 | 3.67% | -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% |
| 2019 | 4.94% | 1.21% | 1.29% | 0.99% | -1.93% | 3.15% | 0.16% | 0.69% | 0.44% | -0.01% | 0.57% | 1.91% | 14.09% |
| 2018 | 0.05% | -0.87% | -0.23% | 0.48% | 0.05% | 0.10% | 1.68% | 0.71% | 0.53% | -1.98% | -0.40% | -2.09% | -2.02% |
| 2017 | 0.91% | 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% |
| 2015 | 0.70% | 2.23% | -0.95% | 0.87% | 0.36% | -1.89% | -0.49% | -1.52% | -2.99% | 3.23% | -2.50% | -1.99% | -5.02% |
| 2014 | 0.40% | 2.31% | -0.08% | 0.42% | 1.21% | 0.61% | -2.43% | 2.38% | -1.98% | 1.06% | -1.08% | -0.80% | 1.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, HYG is among the top 7% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
iShares iBoxx $ High Yield Corporate Bond ETF provided a 5.84% dividend yield over the last twelve months, with an annual payout of $4.63 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.63 | $4.72 | $4.45 | $3.90 | $3.50 | $4.26 | $4.39 | $4.49 | $4.47 | $4.56 | $4.76 | $5.10 |
Dividend yield | 5.84% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.36 | $0.37 | $0.38 | $0.40 | $1.52 | |||||||
| 2024 | $0.00 | $0.38 | $0.44 | $0.40 | $0.40 | $0.36 | $0.40 | $0.41 | $0.38 | $0.39 | $0.39 | $0.77 | $4.72 |
| 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 | $0.46 | $0.46 | $0.45 | $0.42 | $0.43 | $0.42 | $0.43 | $0.43 | $0.39 | $0.40 | $0.80 | $5.10 |
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 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.
The current iShares iBoxx $ High Yield Corporate Bond ETF drawdown is 0.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.24% | Sep 20, 2007 | 297 | Nov 20, 2008 | 259 | Dec 2, 2009 | 556 |
| -22.03% | Feb 14, 2020 | 26 | Mar 23, 2020 | 158 | Nov 4, 2020 | 184 |
| -15.79% | Dec 28, 2021 | 189 | Sep 27, 2022 | 362 | Mar 7, 2024 | 551 |
| -13.44% | Apr 16, 2015 | 209 | Feb 11, 2016 | 102 | Jul 8, 2016 | 311 |
| -10.06% | Jul 25, 2011 | 51 | Oct 4, 2011 | 14 | Oct 24, 2011 | 65 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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