SHYG — iShares 0-5 Year High Yield Corporate Bond ETF

SHYG Price Performance — Growth of $10,000

Value of a $10,000 investment in SHYG 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.

SHYG Drawdown

The "underwater" chart: SHYG'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 0-5 Year High Yield Corporate Bond ETF (SHYG) operates within the US Bonds - Corporate category, which ETFValuer tracks with a total of 17 funds. Issued by iShares, this fund manages $7.60 billion in assets and trades at a price of $42.03. It holds an overall rank of #287 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 57.5 out of 100. The fund carries an expense ratio of 0.3% while offering a dividend yield of 7.00%. The substantial asset under management relative to the category size suggests significant investor adoption despite its mid-tier ranking. These metrics collectively define the fund's position as a widely held but moderately rated option in the high yield corporate bond space.

Recent performance data shows a -0.02% return over one day and a -0.47% decline over one week, followed by a -0.19% drop over the past month. The trend reversed over longer horizons, with the fund posting a +0.34% gain over three months and +0.94% over six months. Year-to-date returns stand at +1.44%, while the one-year return is recorded at +4.58%. Over a three-year period, the fund has accumulated a total return of +24.09%. This pattern indicates a divergence where short-term fluctuations were negative before shifting to positive momentum over the medium and long term. The acceleration from the one-month decline to the three-year positive total return highlights a recovery trajectory following recent minor dips.

SHYG is assigned a Very Low volatility label and maintains a beta of 0.44, indicating lower price sensitivity compared to the broader market. Despite the low volatility, the fund recorded a maximum drawdown of -4.53% during the measured period. The Sharpe ratio is calculated at -0.13, suggesting that the risk-adjusted returns have been negative relative to the risk-free rate. This combination of a low beta and very low volatility label with a negative Sharpe ratio implies that while the fund experiences smaller price swings, it has not generated sufficient excess return to compensate for the risk taken. The maximum drawdown figure further quantifies the peak-to-trough decline experienced by investors during this timeframe.

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

SHYG Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 17.5% 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 SHYG's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SHYG

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SHYG's top 10 — USHY overlaps most, holding 6 of the same companies as SHYG's top 10 (16.4% of SHYG'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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.77% (as of 2026-07-23) — 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.

SHYG Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.02% and average daily volume is 1.3M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $7.60B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SHYG 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.

SHYG Performance History

How SHYG Compares to Other US Bonds - Corporate ETFs