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 is a $7.76 billion fund issued by iShares, tracking 17 peers in the US Bonds - Corporate category. It holds a C grade with a score of 57.2 out of 100, placing it sixth among similar funds and 277th across all tracked ETFs. The fund’s 0.3% expense ratio is significantly higher than the category median of 0.06%, while its 7.00% dividend yield exceeds the median of 4.93%. Top holdings represent 17.5% of assets, with the largest position being BlackRock Funds III at 12.6%.

Price history is available for only 3.0 years, and the grade has remained unchanged at C over the last 35 tracked days. The fund’s 1-year return of +4.39% outperforms the category median of +2.85%, though short-term momentum shows a slight dip with a -0.10% decline over the past week. Longer-term gains are evident, with a 3-year return of +25.22% and a 6-month gain of +2.85%. The current price of $41.99 sits at 10.3% of its 52-week range, indicating it is near the lower end of recent trading levels.

With a volatility of 3.10% labeled as Very Low and a beta of 0.45, the fund exhibits less sensitivity to market movements than the broader market. A Sharpe ratio of -0.20 suggests that risk-adjusted returns have been negative relative to the risk-free rate, despite a maximum drawdown of only -4.53%. Liquidity is supported by an average daily volume of 1,349,561 shares, though a bid/ask spread of 1.66% indicates higher trading costs. The combination of low volatility and negative Sharpe performance characterizes a conservative but inefficient risk profile.

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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

High-Yield Credit Spread: 2.65% (as of 2026-09-03) — 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 1.66% 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 $7.76B 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