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 $28.7 billion fund issued by iShares, ranked 1 of 17 in the US Bonds - Corporate category. It holds an ETFValuer grade of C, reflecting a score of 61.6 out of 100. The fund’s expense ratio of 0.08% exceeds the category median of 0.06%, while its dividend yield of 6.91% significantly outpaces the median of 4.93%. Top holdings account for 16.1% of assets, with the largest position being BlackRock Funds III at 12.1%.

Price action shows the fund trading at 14.9% of its 52-week range, indicating a position near the lower end of recent historical levels. Short-term returns are mixed, with a 1-day decline of 0.03% contrasting against a 1-month gain of 0.17%. Longer-term performance is stronger, with a 1-year return of 4.40% surpassing the category median of 2.85%. The 3-year return stands at 28.06%, demonstrating sustained growth over that horizon. The rating has remained unchanged at grade C across the last 35 tracked days, and price history is available for 3.0 years.

Risk metrics present a mixed picture, with a beta of 0.65 suggesting lower sensitivity to market movements compared to the broader market. Annualized volatility is labeled Very Low at 3.61%, and the maximum drawdown has been limited to -4.67%. However, the Sharpe ratio of -0.17 indicates that risk-adjusted returns have been negative. Liquidity is robust, with an average daily volume of 10,388,282 shares, though the bid/ask spread of 1.95% is relatively wide. The overall rank of 219 of 458 tracked ETFs places it in the lower half of all categories.

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

USHY Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 16.1% 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 7 of the same companies as USHY's top 10 (14.1% 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: 4.77% (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.

USHY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.95% and average daily volume is 10.4M/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 $28.7B 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