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 |
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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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 4.01% year-to-date (YTD) and 9.82% in the last 12 months. Over the past 10 years, iShares iBoxx $ High Yield Corporate Bond ETF had an annualized return of 3.45%, while the S&P 500 had an annualized return of 10.58%, indicating that iShares iBoxx $ High Yield Corporate Bond ETF did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 4.01% | 13.20% |
1 month | 1.35% | -1.28% |
6 months | 3.61% | 10.32% |
1 year | 9.82% | 18.23% |
5 years (annualized) | 2.97% | 12.31% |
10 years (annualized) | 3.45% | 10.58% |
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% | 4.01% | ||||||
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% |
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 81, placing it in the top 19% 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 granted a 5.87% dividend yield in the last twelve months. The annual payout for that period amounted to $4.58 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 5.87% | 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.
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 | $0.40 | $2.38 | |||||
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.
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 0.32%.
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 | 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 1.04%, 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.