HYG
iShares iBoxx $ High Yield Corporate Bond ETF
iShares iBoxx $ High Yield Corporate Bond ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds.
Corporate
FIXED INCOME
Passive
MANAGEMENT STYLE
14.8 B
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Corporate |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Apr 04, 2007 |
| Assets (mns) | $14,843 |
| Expense ratio | 49 bp |
Constituent Breakdown
| No. of constituents | 1,193 |
| No. of distinct issuers | 518 |
| Coverage | 98% |
| Fixed/floating rate | 97% / 3% |
| Investment grade | 2% |
| Inflation protected | 0% |
| Non-standard maturity (callable, etc.) | 97% |
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Monthly |
| Taxation | 1099 |
| Bond selection | |
| Weighting | Market Cap |
| Smart-beta | No |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ECHOSTAR CORP - 10.75 2029-11-30 | 0.6 % |
| MEDLINE BORROWER LP 144A - 3.88 2029- | 0.4 % |
| QUIKRETE HOLDINGS INC 144A - 6.38 2032- | 0.4 % |
| CLOUD SOFTWARE GROUP INC 144A - 6.5 2029-0 | 0.4 % |
| DISH NETWORK CORP 144A - 11.75 2027 | 0.4 % |
| CLOUD SOFTWARE GROUP INC 144A - 9.0 2029-0 | 0.4 % |
| DIRECTV FINANCING LLC 144A - 5.88 2027- | 0.3 % |
| BLK CSH FND TREASURY SL AGENCY | 0.3 % |
| HUB INTERNATIONAL LTD 144A - 7.25 2030- | 0.3 % |
| CCO HOLDINGS LLC 144A - 5.13 2027- | 0.3 % |
Issuer Type Breakdown
Top Issuers
| CCO HOLDINGS LLC | 2.5 % |
| FORD MOTOR CREDIT COMPANY LLC | 2.4 % |
| TENET HEALTHCARE CORPORATION | 1.5 % |
| CSC HOLDINGS, LLC | 1.1 % |
| AMERICAN AIRLINES, INC. | 1.1 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.9% | 3.6% | 3.7% | -1.4% | -1.4% | -1.4% | -- | -1.5% |
| Dividend Yield | -1.6% | 2.5% | 4.4% | 5.7% | 7.2% | 5.2% | -- | 6.2% |
| Total Returns | 0.3% | 6.1% | 8.1% | 4.3% | 5.8% | 3.9% | -- | 4.7% | Ann. Volatility | 4.2% | 4.5% | 5.7% | 8.9% | 10.5% | 8.5% | -- | 11.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.48 | 79% |
| MSCI EAFE | 0.45 | 71% |
| MSCI Emg Mkts | 0.33 | 37% |
Liquidity Measures
| Avg. volume (000) | 71,107 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.01% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $78.00 |
| 30d moving avg. | $78.09 |
| Annualized volatility | 9.4% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 48.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Credit Quality
Duration
Macaulay Duration
Modified Duration
SHORT
MED.
LONG TERM
4.3 yrs
Modified Duration
◁ INSENSITIVE
EXTREMELY SENSITIVE ▷
4.1%
ⓘ Our analysis shows this fund is likely to be relatively insensitive to changes in interest rates
Interest Rate Sensitivity Analysis
| Change in YTM |
New YTM |
Est. Price Change |
New Price |
|---|---|---|---|
| +300 bp | --% | --% | $-- |
| +200 bp | --% | --% | $-- |
| +150 bp | --% | --% | $-- |
| +100 bp | --% | --% | $-- |
| +75 bp | --% | --% | $-- |
| +50 bp | --% | --% | $-- |
| +25 bp | --% | --% | $-- |
| 0 bp | --% | --% | $-- |
| -25 bp | --% | --% | $-- |
| -50 bp | --% | --% | $-- |
| -75 bp | --% | --% | $-- |
| -100 bp | --% | --% | $-- |
| -150 bp | --% | --% | $-- |
| -200 bp | --% | --% | $-- |
| - 300bp | --% | --% | $-- |
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Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)
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ETF Research Center Fund Rating
The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.
ALTAR Score™
HYG
4.1%
Cat. Avg
4.2%
Fund Category: Corporate
| Adj. Yield to Maturity | -- bp |
| Less: Annual "default factor" | -- bp |
| Less: Expenses | 49 bp |
| Equals: ALTAR Score™ | 4.1% |
ALTAR Score™ vs. Duration (Corporate Bond ETFs)
Expense Analysis
| Peer Group | Passive Corporate Fixed Income ETFs |
| # of ETFs | 24 |
| Avg. Expense Ratio | 18.1 bp |
| Std. Deviation | 16.9 bp |
| HYG (49 bp) Percentile rank | 96 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HYG | 49.0 | 1.3 | 50.3 |
| Peer Avg. | 30.0 | 15.6 | 45.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .