- ISIN
- US46435U8532
- CUSIP
- 46435U853
- Issuer
- iShares
- Inception Date
- Oct 25, 2017
- Region
- North America (U.S.)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofA US High Yield Constrained Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $28B
Share Price Chart
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Performance
USHY Performance Chart
iShares Broad USD High Yield Corporate Bond ETF (USHY) is up 1.8% since the beginning of the year. USHY is currently trading at $37 per share. Investors who bought $1,000 worth of USHY shares 5 years ago would now be looking at an investment worth $1,229.
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Returns By Period
iShares Broad USD High Yield Corporate Bond ETF (USHY) has returned 1.78% so far this year and 6.67% over the past 12 months.
iShares Broad USD High Yield Corporate Bond ETF
- 1D
- -0.05%
- 1M
- 0.57%
- YTD
- 1.78%
- 6M
- 2.04%
- 1Y
- 6.67%
- 3Y*
- 9.21%
- 5Y*
- 4.21%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
USHY Monthly Returns History
Based on dividend-adjusted daily data since Oct 26, 2017, USHY's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was Jul 2022 with a return of +6.6%, while the worst month was Mar 2020 at -11.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, USHY closed higher 53% of trading days. The best single day was Apr 9, 2020 with a return of +6.1%, while the worst single day was Mar 16, 2020 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.66% | -0.09% | -0.93% | 1.69% | 0.38% | 0.08% | 1.78% | ||||||
| 2025 | 1.36% | 1.01% | -1.15% | 0.00% | 1.74% | 1.88% | 0.24% | 1.21% | 0.98% | 0.04% | 0.73% | 0.49% | 8.81% |
| 2024 | 0.39% | 0.24% | 1.24% | -1.16% | 1.68% | 0.42% | 2.29% | 1.55% | 1.56% | -0.85% | 1.65% | -0.80% | 8.45% |
| 2023 | 3.65% | -1.65% | 2.26% | 0.25% | -1.10% | 1.85% | 1.24% | 0.31% | -1.53% | -0.93% | 4.68% | 3.27% | 12.73% |
| 2022 | -2.86% | -0.71% | -1.34% | -4.22% | 1.68% | -7.26% | 6.64% | -3.89% | -3.85% | 3.16% | 3.37% | -1.64% | -11.18% |
| 2021 | -0.22% | 0.12% | 0.80% | 0.93% | 0.08% | 1.61% | 0.24% | 0.63% | -0.17% | -0.07% | -1.27% | 2.27% | 5.02% |
Benchmark Metrics
iShares Broad USD High Yield Corporate Bond ETF has an annualized alpha of 0.38%, beta of 0.33, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since October 26, 2017.
- This ETF participated in 41.82% of S&P 500 Index downside but only 31.58% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.33 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
- 0.38%
- Beta
- 0.33
- R²
- 0.57
- Upside Capture
- 31.58%
- Downside Capture
- 41.82%
Expense Ratio
USHY has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
USHY ranks 60 for risk / return — better than 60% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond ETF (USHY) 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.
| USHY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.78 | -0.03 |
| Martin ratioReturn relative to average drawdown | 12.34 | 12.44 | -0.10 |
Dividends
Dividend History
iShares Broad USD High Yield Corporate Bond ETF provided a 6.90% dividend yield over the last twelve months, with an annual payout of $2.55 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.55 | $2.54 | $2.54 | $2.41 | $2.10 | $2.09 | $2.19 | $2.43 | $2.41 | $0.30 |
Dividend yield | 6.90% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Broad USD 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 | $0.22 | $0.20 | $0.23 | $0.20 | $0.21 | $1.06 | ||||||
| 2025 | $0.00 | $0.21 | $0.21 | $0.21 | $0.20 | $0.21 | $0.21 | $0.21 | $0.22 | $0.21 | $0.21 | $0.43 | $2.54 |
| 2024 | $0.00 | $0.22 | $0.22 | $0.23 | $0.21 | $0.20 | $0.21 | $0.19 | $0.21 | $0.20 | $0.21 | $0.44 | $2.54 |
| 2023 | $0.00 | $0.23 | $0.21 | $0.20 | $0.19 | $0.20 | $0.19 | $0.20 | $0.20 | $0.20 | $0.19 | $0.40 | $2.41 |
| 2022 | $0.00 | $0.17 | $0.17 | $0.19 | $0.17 | $0.16 | $0.18 | $0.15 | $0.19 | $0.19 | $0.20 | $0.34 | $2.10 |
| 2021 | $0.00 | $0.18 | $0.18 | $0.18 | $0.18 | $0.18 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.34 | $2.09 |
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 Broad USD 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 Broad USD High Yield Corporate Bond ETF was 22.44%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current iShares Broad USD High Yield Corporate Bond ETF drawdown is 0.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -22.44%Mar 2020 | 1mo 4d | 6mo 23d | 7mo 27dFeb 2020 - Oct 2020 |
Bear market2022 | -15.56%Sep 2022 | 9mo 2d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -6.11%Dec 2018 | 2mo 23d | 1mo 8d | 4mo 1dOct 2018 - Jan 2019 |
2025 selloff2025 | -4.66%Apr 2025 | 1mo 6d | 1mo 4d | 2mo 10dMar 2025 - May 2025 |
2018 pullback2018 | -2.66%Feb 2018 | 1mo 1d | 5mo 23d | 6mo 24dJan 2018 - Aug 2018 |
Drawdown Indicators
| USHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -56.78% | +34.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -9.10% | +6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -4.66% | -18.90% | +14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -25.43% | +9.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.11% | -1.80% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -10.71% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 2.03% | -1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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