USHY — iShares Broad USD High Yield Corporate Bond ETF

USHY Price Performance — Growth of $10,000

Value of a $10,000 investment in USHY 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.

USHY Drawdown

The "underwater" chart: USHY'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 Broad USD High Yield Corporate Bond ETF (USHY) is a $26.0 billion fund issued by iShares, classified within the US Bonds - Corporate category. It holds a C grade with a score of 61.0/100, ranking 1 of 17 among its peers and 221 of 458 across all tracked ETFs. The fund charges an expense ratio of 0.08%, which sits above the category median of 0.06%. Despite the higher cost, it offers a dividend yield of 7.16%, significantly outpacing the category median of 5.87%. The portfolio is concentrated, with the top 10 holdings representing 16.4% of assets and the largest position, BlackRock Funds III, accounting for 12.6%.

Price action shows the fund trading at $35.60, located at 11.9% of its 52-week range between $35.30 and $37.82. Short-term returns have been negative, with one-month and three-month figures at -0.55% and -1.23% respectively, while the one-year return stands at +1.62%. This one-year performance slightly exceeds the category median of +1.29%. The fund has maintained a grade C rating unchanged over the last 35 tracked days. Historical data is available for 3.0 years, providing a limited but established track record for analysis.

The fund exhibits a volatility of 3.73%, labeled as Very Low, with a beta of 0.68 indicating lower sensitivity to market movements. A Sharpe ratio of -0.91 suggests that risk-adjusted returns have been negative relative to the risk-free rate. Maximum drawdown has been limited to -4.67%, reflecting contained downside pressure during recent periods. Liquidity is robust, supported by an average daily volume of 13,593,182 shares. These metrics collectively describe a fund that has experienced modest price declines with low volatility and high trading activity.

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

USHY Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 16.4% 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 USHY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With USHY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with USHY's top 10 — HYG overlaps most, holding 8 of the same companies as USHY's top 10 (16.2% of USHY'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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.40% (as of 2026-10-22) — 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.

USHY Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 13.6M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $26.0B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: USHY 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.

USHY Performance History

How USHY Compares to Other US Bonds - Corporate ETFs