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 |
| Leveraged | 1x |
| Index Tracked | iBoxx $ Liquid High Yield Index |
| Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
HYG features an expense ratio of 0.49%, falling within the medium range.
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.
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. GHYG, HYG vs. FALN, 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.
Returns By Period
iShares iBoxx $ High Yield Corporate Bond ETF had a return of 8.25% year-to-date (YTD) and 13.37% in the last 12 months. Over the past 10 years, iShares iBoxx $ High Yield Corporate Bond ETF had an annualized return of 3.96%, while the S&P 500 had an annualized return of 11.11%, indicating that iShares iBoxx $ High Yield Corporate Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.25% | 23.08% |
| 1 month | -0.13% | 0.48% |
| 6 months | 6.14% | 10.70% |
| 1 year | 13.37% | 30.22% |
| 5 years (annualized) | 3.50% | 13.50% |
| 10 years (annualized) | 3.96% | 11.11% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.12% | 0.30% | 1.09% | -1.35% | 1.63% | 0.48% | 2.35% | 1.55% | 2.20% | -0.96% | 8.25% | ||
| 2023 | 3.67% | -1.89% | 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% |
| 2013 | 0.34% | 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 risk-adjusted rank of HYG is 87, placing it in the top 13% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
iShares iBoxx $ High Yield Corporate Bond ETF provided a 5.90% dividend yield over the last twelve months, with an annual payout of $4.68 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.68 | $4.45 | $3.90 | $3.50 | $4.26 | $4.39 | $4.49 | $4.47 | $4.56 | $4.76 | $5.10 | $5.67 |
Dividend yield | 5.90% | 5.75% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.38 | $0.44 | $0.40 | $0.40 | $0.36 | $0.41 | $0.41 | $0.38 | $0.39 | $0.40 | $3.95 | |
| 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 | $0.38 | $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 | $0.37 | $0.39 | $0.41 | $0.40 | $0.40 | $0.40 | $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 | $0.45 | $0.45 | $0.92 | $5.67 |
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.
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 0.71%.
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 current iShares iBoxx $ High Yield Corporate Bond ETF volatility is 1.13%, 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.