- ISIN
- US46434V4077
- CUSIP
- 46434V407
- Issuer
- iShares
- Inception Date
- Oct 15, 2013
- Region
- North America (U.S.)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Markit iBoxx USD Liquid High Yield 0-5 Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $8B
Highlights
- Avg. Volume (1M)
- 1M
- Avg. Volume Value (1M)
- $61.77M
Share Price Chart
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Performance
SHYG Performance Chart
iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is up 1.8% since the beginning of the year. SHYG is currently trading at $42 per share. Investors who bought $1,000 worth of SHYG shares 5 years ago would now be looking at an investment worth $1,264.
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Returns By Period
iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has returned 1.80% so far this year and 5.03% over the past 12 months. Over the last ten years, SHYG has returned 5.01% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
iShares 0-5 Year High Yield Corporate Bond ETF
- 1D
- 0.02%
- 1M
- -0.21%
- 6M
- 1.25%
- YTD
- 1.80%
- 1Y
- 5.03%
- 3Y*
- 7.72%
- 5Y*
- 4.80%
- 10Y*
- 5.01%
- ALL TIME*
- 4.38%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SHYG Monthly Returns History
Based on dividend-adjusted daily data since Oct 17, 2013, SHYG's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 70% of months were positive and 30% were negative. The best month was Jul 2022 with a return of +4.7%, while the worst month was Mar 2020 at -10.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SHYG closed higher 52% of trading days. The best single day was Apr 9, 2020 with a return of +5.5%, while the worst single day was Mar 9, 2020 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.54% | -0.21% | -0.49% | 1.45% | 0.39% | 0.16% | -0.05% | 1.80% | |||||
| 2025 | 1.31% | 0.85% | -1.17% | 0.14% | 1.52% | 1.63% | 0.35% | 0.96% | 0.79% | 0.06% | 0.56% | 0.69% | 7.94% |
| 2024 | 0.47% | 0.47% | 0.93% | -0.80% | 1.14% | 0.59% | 1.85% | 1.35% | 1.43% | -0.46% | 1.37% | -0.42% | 8.17% |
| 2023 | 2.74% | -1.02% | 1.38% | 0.31% | -0.81% | 1.66% | 1.09% | 0.34% | -0.85% | -0.65% | 3.58% | 2.27% | 10.38% |
| 2022 | -1.43% | -0.33% | -0.43% | -2.46% | 0.97% | -5.16% | 4.73% | -2.58% | -2.10% | 2.80% | 2.76% | -1.16% | -4.71% |
| 2021 | -0.15% | 0.62% | 1.21% | 0.69% | 0.25% | 0.84% | -0.06% | 0.48% | -0.04% | 0.06% | -1.01% | 1.64% | 4.60% |
Benchmark Metrics
iShares 0-5 Year High Yield Corporate Bond ETF has an annualized alpha of 1.05%, beta of 0.26, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since October 17, 2013.
- This ETF participated in 28.25% of S&P 500 Index downside but only 26.10% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.26 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.05%
- Beta
- 0.26
- R²
- 0.57
- Upside Capture
- 26.10%
- Downside Capture
- 28.25%
Expense Ratio
SHYG has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SHYG ranks 75 for risk / return — above 75% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHYG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.00 | +0.84 |
| Martin ratioReturn relative to average drawdown | 12.17 | 8.49 | +3.68 |
Dividends
Dividend History
iShares 0-5 Year High Yield Corporate Bond ETF provided a 6.43% dividend yield over the last twelve months, with an annual payout of $2.71 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.71 | $3.01 | $2.95 | $2.76 | $2.28 | $2.19 | $2.30 | $2.47 | $2.63 | $2.59 | $2.62 | $2.30 |
Dividend yield | 6.43% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares 0-5 Year 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.25 | $0.24 | $0.25 | $0.25 | $0.25 | $0.24 | $1.48 | |||||
| 2025 | $0.00 | $0.25 | $0.26 | $0.26 | $0.26 | $0.25 | $0.25 | $0.25 | $0.24 | $0.25 | $0.24 | $0.51 | $3.01 |
| 2024 | $0.00 | $0.23 | $0.23 | $0.25 | $0.24 | $0.25 | $0.24 | $0.25 | $0.25 | $0.25 | $0.26 | $0.51 | $2.95 |
| 2023 | $0.00 | $0.24 | $0.23 | $0.26 | $0.22 | $0.23 | $0.22 | $0.21 | $0.23 | $0.23 | $0.23 | $0.46 | $2.76 |
| 2022 | $0.00 | $0.18 | $0.18 | $0.17 | $0.18 | $0.18 | $0.19 | $0.20 | $0.19 | $0.20 | $0.15 | $0.45 | $2.28 |
| 2021 | $0.00 | $0.19 | $0.20 | $0.20 | $0.18 | $0.18 | $0.18 | $0.18 | $0.17 | $0.18 | $0.17 | $0.35 | $2.19 |
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 0-5 Year 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 0-5 Year High Yield Corporate Bond ETF was 19.26%, occurring on Mar 23, 2020. Recovery took 167 trading sessions.
The current iShares 0-5 Year High Yield Corporate Bond ETF drawdown is 0.31%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.26%Mar 2020 | 1mo 4d | 7mo 29d | 9mo 3dFeb 2020 - Nov 2020 | COVID crash2020 |
-10.32%Feb 2016 | 8mo 15d | 4mo 28d | 1y 1moJun 2015 - Jul 2016 | — |
-9.39%Jun 2022 | 5mo 17d | 1y 1mo | 1y 6moDec 2021 - Jul 2023 | Bear market2022 |
-5.15%Dec 2014 | 5mo 25d | 3mo 24d | 9mo 19dJun 2014 - Apr 2015 | — |
-5.04%Dec 2018 | 2mo 22d | 1mo 8d | 4moOct 2018 - Jan 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| SHYG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.26% | -56.78% | +37.52% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -9.10% | +7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.53% | -18.90% | +14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -9.39% | -25.43% | +16.04% |
Max Drawdown (10Y)Largest decline over 10 years | -19.26% | -33.92% | +14.66% |
Current DrawdownCurrent decline from peak | -0.31% | -1.58% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -10.70% | +9.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.14% | -1.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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