iShares iBoxx $ High Yield Corporate Bond ETF (HYG) belongs to the High Yield Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HYG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HYG
HYG charges 0.49% annually. There are 86 ETFs in the High Yield Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab High Yield Bond ETF | 0.03% | 2.54B | Jul 2023 | HYG vs SCYB | |
| SPDR Portfolio High Yield Bond ETF | 0.10% | 11.07B | Jun 2012 | HYG vs SPHY | |
| iShares Broad USD High Yield Corporate Bond ETF | 0.15% | 26.83B | Oct 2017 | HYG vs USHY | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | 0.15% | 608.96M | Sep 2016 | HYG vs BBHY | |
| Xtrackers USD High Yield Corporate Bond ETF | 0.15% | 3.48B | Dec 2016 | HYG vs HYLB |
Best Risk-Adjusted Alternatives to HYG
HYG has a PortfoliosLab risk / return rank of 60. There are 63 ETFs in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | 97 | 364.90M | May 2019 | HYG vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | 95 | 1.03B | Aug 2018 | HYG vs BSJQ | |
| BondBloxx US High Yield Energy Sector ETF | 94 | 5.96M | Feb 2022 | HYG vs XHYE | |
| iShares iBonds 1-5 Year High Yield and Income Ladd... | 87 | 8.41M | Nov 2024 | HYG vs LDRH | |
| Pacific Global Senior Loan ETF | 86 | 615.17M | Feb 2015 | HYG vs FLRT |
Top Performing HYG Alternatives (YTD)
HYG is at 1.60% YTD. There are 57 ETFs in the High Yield Bonds category with higher YTD returns, going as high as 15.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Digital Asset Debt Strategy ETF | 15.40% | — | Aug 2025 | HYG vs DADS | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 4.02% | 510.68M | May 2012 | HYG vs HYEM | |
| Fidelity Sustainable High Yield ETF | 3.62% | 112.95M | Feb 2022 | HYG vs FSYD | |
| BondBloxx US High Yield Energy Sector ETF | 3.57% | 5.96M | Feb 2022 | HYG vs XHYE | |
| ProShares High Yield-Interest Rate Hedged | 3.36% | 173.54M | May 2013 | HYG vs HYHG |
Lowest Volatility Alternatives to HYG
HYG has 3.79% 1-year volatility. There are 69 ETFs in the High Yield Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2024 Term High Yield & Income ETF | 0.00% | 310.08M | May 2019 | HYG vs IBHD | |
| Invesco BulletShares 2024 High Yield Corporate Bon... | 0.00% | 437.22M | Sep 2016 | HYG vs BSJO | |
| Xtrackers J.P. Morgan ESG USD High Yield Corporate... | 0.00% | 6.49M | Mar 2015 | HYG vs ESHY | |
| iShares Euro High Yield Corporate Bond USD Hedged ... | 0.00% | 71.08M | Apr 2012 | HYG vs HYXU | |
| iShares iBonds 2025 Term High Yield & Income ETF | 0.81% | 364.90M | May 2019 | HYG vs IBHE |
Lowest Drawdown Alternatives to HYG
HYG has a 1-year max drawdown of -2.34%. There are 34 ETFs in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds 2025 Term High Yield & Income ETF | -0.22% | 364.90M | May 2019 | HYG vs IBHE | |
| Invesco BulletShares 2026 High Yield Corp Bond ETF | -0.54% | 1.03B | Aug 2018 | HYG vs BSJQ | |
| iShares iBonds 2027 Term High Yield and Income ETF | -0.73% | 437.71M | Jul 2021 | HYG vs IBHG | |
| Invesco BulletShares 2027 High Yield Corporate Bon... | -1.16% | 849.28M | Sep 2019 | HYG vs BSJR | |
| BondBloxx US High Yield Energy Sector ETF | -1.21% | 5.96M | Feb 2022 | HYG vs XHYE |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, IVV and span 14 categories. AUM among these funds goes as high as $855B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.50% | 91.90B | May 2020 | HYG vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -23.36% | 58.12B | Jan 2024 | HYG vs IBIT | |
| iShares Core S&P 500 ETF | S&P 500 | 75 | 11.70% | 854.92B | May 2000 | HYG vs IVV | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 16 | 0.13% | 42.90B | Jul 2002 | HYG vs TLT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 97 | 101.03% | 38.37B | Jul 2001 | HYG vs SOXX | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 76 | 9.06% | 40.46B | Jun 2014 | HYG vs DGRO | |
| iShares Silver Trust | Silver, Precious Metals | 52 | 5.54% | 36.82B | Apr 2006 | HYG vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 34 | 4.00% | 69.92B | Jan 2005 | HYG vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 69 | 18.69% | 80.93B | May 2000 | HYG vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 71 | 13.06% | 32.93B | Mar 2008 | HYG vs ACWI |
Often Compared With HYG
Investors most often compare HYG with LQD, JNK, AGG. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare HYG with Any Fund or Stock
Compare HYG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HYG with funds that move differently
iShares iBoxx $ High Yield Corporate Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HYG.
Explore HYG Diversifiers