HYG — iShares iBoxx $ High Yield Corporate Bond ETF

HYG Price Performance — Growth of $10,000

Value of a $10,000 investment in HYG over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

HYG Drawdown

The "underwater" chart: HYG's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares iBoxx $ High Yield Corporate Bond ETF is a $16.8 billion fund issued by iShares, ranked 10 of 17 within the US Bonds - Corporate category. It holds an ETFValuer grade of C, reflecting a score of 55.4 out of 100. The fund’s expense ratio of 0.49% is significantly higher than the category median of 0.06%. Despite the higher cost, it offers a dividend yield of 6.09%, which is slightly above the median of 6.01%. The top 10 holdings represent only 15.9% of assets, with the largest position being BlackRock Funds III at 12.7%.

Over the past year, the fund returned +1.29%, matching the category median exactly. Short-term performance shows divergence, with a 1-month decline of -1.90% contrasting against a 3-month loss of -1.79%. Year-to-date returns are flat at -0.04%, while the 3-year return stands at +26.60%. The current price of $77.14 sits at 15.2% of its 52-week range. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits a volatility of 3.92%, which is labeled as Very Low. Its beta of 0.70 indicates that it moves less than the broader market. A Sharpe ratio of -0.95 suggests poor risk-adjusted returns relative to the risk-free rate. The maximum drawdown recorded is -4.56%. Liquidity is high, with an average daily volume of 41,078,692 shares.

AI-generated summary based on the data on this page.

HYG Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 15.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how HYG's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With HYG

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with HYG's top 10 — JNK overlaps most, holding 6 of the same companies as HYG's top 10 (2.6% of HYG's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.28% (as of 2026-10-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.08 (as of 2026-10-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 3.09% (as of 2026-10-07) — The extra yield investors demand to hold high-yield corporate bonds over Treasuries — a real-time gauge of credit risk appetite relevant to this fund’s holdings.

HYG Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 41.1M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $16.8B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: HYG is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

HYG Performance History

How HYG Compares to Other US Bonds - Corporate ETFs