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
ISIN | US4642885135 |
---|---|
CUSIP | 464288513 |
Issuer | iShares |
Inception Date | Apr 11, 2007 |
Region | North America (U.S.) |
Category | High Yield Bonds |
Index Tracked | iBoxx $ Liquid High Yield Index |
ETF Home Page | www.ishares.com |
Asset Class | Bond |
Expense Ratio
The iShares iBoxx $ High Yield Corporate Bond ETF has a high expense ratio of 0.49%, indicating higher-than-average management fees.
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.
Compare to other instruments
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.
Period | Return | Benchmark |
---|---|---|
1 month | -0.93% | 1.70% |
Year-To-Date | 2.54% | 9.53% |
6 months | 1.61% | 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
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2023 | 3.67% | -1.88% | 1.98% | 0.20% | ||||||||
2022 | 3.37% | 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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.02 | ||||
^GSPC S&P 500 | 0.27 |
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.
Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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, 2007 | 297 | Nov 20, 2008 | 259 | Dec 2, 2009 | 556 |
-22.03% | Feb 21, 2020 | 22 | Mar 23, 2020 | 158 | Nov 4, 2020 | 180 |
-15.79% | Dec 28, 2021 | 189 | Sep 27, 2022 | — | — | — |
-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 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.
Alternatives
Symbol | Inception | Expense Ratio | YTD Ret. | 10Y Ann. Ret. | Div. Yield | Max. Drawdown | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
---|---|---|---|---|---|---|---|---|---|---|---|
AGG | Sep 22, 2003 | 0.05% | 1.6% | 1.3% | 3.2% | -18.4% | -0.5 | ||||
JNK | Nov 28, 2007 | 0.40% | 3.0% | 2.6% | 8.2% | -38.5% | -0.0 | ||||
LQD | Jul 26, 2002 | 0.15% | 2.3% | 2.2% | 4.3% | -25.0% | -0.3 | ||||
SHYG | Oct 15, 2013 | 0.30% | 2.6% | 3.1% | 7.3% | -19.3% | 0.2 | ||||
USHY | Oct 25, 2017 | 0.15% | 3.2% | 2.5% | 8.4% | -22.4% | 0.0 |
Portfolios with iShares iBoxx $ High Yield Corporate Bond ETF
Portfolio Name | YTD Return | 10Y Return | Div. Yield | 10Y Volatility | Max. Drawdown | Expense Ratio | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
---|---|---|---|---|---|---|---|---|---|---|---|
Aronson Family Taxable Portfolio | 4.52% | 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’ Portfolio | 4.17% | 5.59% | 3.55% | 12.08% | -26.03% | 0.12% | 0.05 |