iShares iBoxx $ High Yield Corporate Bond ETF (HYG)


Market Price (8/8/2026): $79.61

iShares iBoxx $ High Yield Corporate Bond ETF (HYG)


Market Price (8/8/2026): $79.61

Key Takeaways

  • HYG has returned +1.7% YTD vs +13.7% for SPY, -0.3% for AGG; +4.7% over the past 12 months (SPY +23.3%, AGG +2.1%). details →
  • Priced in gold, HYG has returned -44.6% over the past 3 years, vs +26.2% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, HYG has seen net inflows of +$643M (+3.9% of assets). details →
  • HYG yields 5.40% based on its trailing 12-month distributions.
  • Risk-adjusted returns beat AGG: 3-year Sharpe ratio of 0.7 vs -0.1. details →
Last updated: 8/7/2026.

Price Chart

Asset Allocation with HYG

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+12.6%
Volatility
11.7%
Sharpe
0.84
YTD
+9.3%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

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Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
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[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for HYG

Total Weights
Top 5: 1.0% | Top 10: 2.1% | Top 20: 4.1%

HoldingETF Weight
86765KAK5SUNOCO LP 144A 4.63% 05/01/20300.21%
449691AG9ILIAD HOLDING SAS 144A 7.00% 04/15/20320.21%
576485AG1MATADOR RESOURCES CO 144A 6.50% 04/15/20320.21%
914906AX0UNIVISION COMMUNICATIONS INC 144A 7.38% 06/30/20300.21%
62844JAE8MUVICO LLC 144A 9.00% 02/19/20290.21%
25470DCR8DISCOVERY COMMUNICATIONS LLC 3.63% 05/15/20300.21%
149482AA9CATURUS ENERGY LLC 144A 7.13% 05/15/20310.21%
83002YAA7SIX FLAGS ENTERTAINMENT CORP 144A 6.63% 05/01/20320.20%
707569AY5PENN ENTERTAINMENT INC 144A 6.75% 04/01/20310.20%
83001AAD4SIX FLAGS ENTERTAINMENT CORP 144A 7.25% 05/15/20310.20%
680665AN6OLIN CORP 144A 6.63% 04/01/20330.20%
105340AS2BRANDYWINE OPERATING PARTNERSHIP L 8.88% 04/12/20290.20%
55342UAM6MPT OPERATING PARTNERSHIP LP 3.50% 03/15/20310.20%
683715AD8OPEN TEXT CORP 144A 3.88% 12/01/20290.20%
74743LAB6QNITY ELECTRONICS INC 144A 6.25% 08/15/20330.20%
163851AJ7CHEMOURS COMPANY 144A 8.00% 01/15/20330.20%
013822AH4ALCOA NEDERLAND HOLDING BV 144A 7.13% 03/15/20310.20%
42704LAE4HERC HOLDINGS INC 144A 6.63% 06/15/20290.20%
78433BAF5SCIH SALT HOLDINGS INC 144A 6.75% 08/06/20310.20%
103304BV2BOYD GAMING CORPORATION 144A 4.75% 06/15/20310.20%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HYG Return4%-11%12%8%9%2%23%
Peers Return5%-9%12%8%9%2%26%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
HYG Win Rate58%33%67%75%83%50% 
Peers Win Rate67%33%67%75%86%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
HYG Max Drawdown-2%-16%-5%-2%-5%-2% 
Peers Max Drawdown-2%-14%-4%-2%-5%-2% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: USHY, JNK, SHYG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
HYG0.050.660.01
Bond Top Results (3Y)   
USHY0.140.740.06
SHYG0.070.690.19
HYG0.050.660.01
JNK0.170.66-0.01
SPSB-0.540.46-0.49

Results as of 7312026.

How Low Can It Go

EventHYGS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-15.5%-24.5%
  % Gain to Breakeven18.4%32.4%
  Time to Breakeven456 days427 days
2020 COVID-19 Crash
  % Loss-21.9%-33.7%
  % Gain to Breakeven28.0%50.9%
  Time to Breakeven203 days140 days
2014-2016 Oil Price Collapse
  % Loss-13.0%-6.8%
  % Gain to Breakeven14.9%7.3%
  Time to Breakeven148 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-10.1%-17.9%
  % Gain to Breakeven11.2%21.8%
  Time to Breakeven20 days123 days
2008-2009 Global Financial Crisis
  % Loss-32.1%-53.4%
  % Gain to Breakeven47.2%114.4%
  Time to Breakeven300 days1085 days

Compare to USHY, JNK, SHYG

In The Past

iShares iBoxx $ High Yield Corporate Bond ETF's stock fell -4.1% during the 2025 US Tariff Shock. Such a loss loss requires a 4.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventHYGS&P 500
2020 COVID-19 Crash
  % Loss-21.9%-33.7%
  % Gain to Breakeven28.0%50.9%
  Time to Breakeven203 days140 days
2008-2009 Global Financial Crisis
  % Loss-32.1%-53.4%
  % Gain to Breakeven47.2%114.4%
  Time to Breakeven300 days1085 days

Compare to USHY, JNK, SHYG

In The Past

iShares iBoxx $ High Yield Corporate Bond ETF's stock fell -4.1% during the 2025 US Tariff Shock. Such a loss loss requires a 4.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

HYG Dip Buy History


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
IEMGiShares Core MSCI Emerging Markets ETF-7.0%79.99807202686.00622202646
EEMiShares MSCI Emerging Markets ETF-7.8%65.64807202671.21622202646
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-5.8%35.12807202637.30622202646
EWYiShares MSCI South Korea ETF-24.2%166.098072026219.20621202647
EWZiShares MSCI Brazil ETF-15.3%35.34807202641.734142026115
FXIiShares China Large-Cap ETF-8.5%36.17807202639.532102026178
ILFiShares Latin America 40 ETF-9.1%34.62807202638.104142026115
KWEBKraneShares CSI China Internet ETF-16.5%28.66807202634.342092026179
MTUMiShares MSCI USA Momentum Factor ETF-10.4%309.328072026345.22622202646
SPMOInvesco S&P 500 Momentum ETF-7.4%149.698072026161.66622202646
URAGlobal X Uranium ETF-22.9%44.91807202658.26506202693
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-9.7%37.61807202641.63513202686
ROBOROBO Global Robotics & Automation Index ETF-6.5%84.44807202690.34602202666
LITGlobal X Lithium & Battery Tech ETF-19.2%74.01807202691.62511202688
ICLNiShares Global Clean Energy ETF-22.9%18.30807202623.75602202666
ARKQARK Autonomous Technology & Robotics ETF-11.1%127.858072026143.82528202671
ARKXARK Space & Defense Innovation ETF-9.2%34.27807202637.74528202671
NASATema Space Innovators ETF-39.0%25.55807202641.89527202672
XOVREntrepreneurShares Series Trust ERShares Private-Public Crossover ETF-5.7%20.13807202621.34706202632
AGIXKraneShares Artificial Intelligence ETF-8.2%45.34807202649.40601202667
RAAXVanEck Real Assets ETF-5.1%40.54807202642.70511202688
XLKState Street Technology Select Sector SPDR ETF-5.2%187.978072026198.21602202666
XLEState Street Energy Select Sector SPDR ETF-8.1%57.50807202662.563292026131
XLCState Street Communication Services Select Sector SPDR ETF-6.6%111.258072026119.104192026110
XLUState Street Utilities Select Sector SPDR ETF-8.0%43.61807202647.403012026159
FXNFirst Trust Energy AlphaDEX Fund-7.5%21.44807202623.183292026131
SMHVanEck Semiconductor ETF-12.9%582.708072026668.91622202646
SOXXiShares Semiconductor ETF-17.1%543.278072026655.01622202646
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-11.6%166.408072026188.183292026131
MISLFirst Trust Indxx Aerospace & Defense ETF-6.8%47.22807202650.663022026158
RINGiShares MSCI Global Gold Miners ETF-21.5%78.02807202699.423012026159
SOXQInvesco PHLX Semiconductor ETF-15.6%97.208072026115.11622202646
TLTiShares 20+ Year Treasury Bond ETF-7.2%82.76807202689.153012026159
VGLTVanguard Long-Term Treasury ETF-6.1%53.08807202656.533012026159
SPTLState Street SPDR Portfolio Long Term Treasury ETF-6.5%25.25807202626.993012026159
TLHiShares 10-20 Year Treasury Bond ETF-5.8%97.058072026103.083012026159
EDVVanguard World Funds Extended Duration ETF-10.5%60.35807202667.423012026159
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-8.8%17.25807202618.91512202687
DBCInvesco DB Commodity Index Tracking Fund-8.8%28.91807202631.69512202687
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-10.9%32.55807202636.53519202680
GSGiShares GSCI Commodity-5.8%30.01807202631.853182026142
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-8.0%23.83807202625.91512202687
FTGCFirst Trust Global Tactical Commodity Strategy Fund-5.3%28.91807202630.53512202687
GLDSPDR Gold Trust-18.7%398.478072026490.003022026158
IAUiShares Gold Trust-18.6%81.688072026100.383022026158
GLDMSPDR Gold MiniShares Trust-18.6%85.958072026105.543022026158
SGOLETFS Physical Swiss Gold Shares-12.1%44.66807202650.813022026158
BARDirexion Daily Gold Bull 3X Shares-15.6%44.34807202652.533022026158
SLViShares Silver Trust-32.3%57.50807202684.993012026159
SIVRETFS Physical Silver Shares Trust ETF-6.6%83.39807202689.263012026159
PPLTETFS Physical Platinum Shares-26.2%15.85807202621.473012026159
CPERUnited States Copper Index Fund ETV-9.6%33.33807202636.883012026159
PALLETFS Physical Palladium Shares-23.0%25.05807202632.542242026164
USOUnited States Oil Fund LP-22.9%117.988072026152.96519202680
UNGUnited States Natural Gas Fund LP-26.6%9.74807202613.272082026180
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85807202660.13504202695
IBITiShares Bitcoin Trust ETF-20.8%36.80807202646.47511202688
FBTCFidelity Wise Origin Bitcoin Fund-20.8%56.53807202671.35511202688
ETHAiShares Ethereum Trust ETF-21.3%14.47807202618.384192026110

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-08-06

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$42.5B), followed by Bond (+$16.0B), with every major asset class in net inflows.
  • Within the mix, money rotated into Emerging Markets (+$9.8B) and out of US Small Cap Core (−$1.4B).
  • Relative to fund size, BFLX drew the largest inflow (+56.0% of AUM) and FTXL the largest outflow (−39.5%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$12.68B+1.3%
2EWYiShares MSCI South Korea ETFEquity Emerging Markets+$5.95B+25.7%
3SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$5.82B+3.6%
4DRAMRoundhill Memory ETFOther+$5.14B+21.3%
5SGOViShares 0-3 Month Treasury Bond ETFCash+$4.69B+4.7%
6VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$4.1B+0.6%
7SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.4B+3.4%
8EFViShares MSCI EAFE Value ETFEquity International Developed Broad+$3.12B+11.1%
9QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$2.99B+3.0%
10XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector+$2.59B+4.6%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$13.62B-1.5%
2IQMMProShares - GENIUS Money Market ETFOther-$2.95B-16.3%
3IWMiShares Russell 2000 ETFEquity US Small Cap Core-$2.18B-2.7%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$1.79B-5.2%
5IWDiShares Russell 1000 Value ETFEquity US Large Value-$1.08B-1.3%
6SCZiShares MSCI EAFE Small-Cap ETFEquity International Small Cap-$1.05B-7.9%
7SOXXiShares Semiconductor ETFEquity Industry Subsector-$1.01B-2.2%
8IWRiShares Russell Mid-Cap ETFEquity US Mid Cap Core-$988M-1.8%
9MTUMiShares MSCI USA Momentum Factor ETFEquity Factor Smart Beta-$889M-3.5%
10IWFiShares Russell 1000 Growth ETFEquity US Large Growth-$874M-0.7%

Largest ETF fund flows across ~2605 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About HYG

0Holdings Count: 1
Expense Ratio: 0.49%
Inception Date: 2007-04-04
iShares iBoxx $ High Yield Corporate Bond ETF
The iShares iBoxx $ High Yield Corporate Bond ETF aims to replicate the performance of a specific market benchmark. This benchmark comprises corporate bonds with lower credit ratings, issued in U.S. dollars, which typically offer higher yields in exchange for increased risk.
Asset Class: Fixed Income | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

HYGUSHYJNKSHYGMedian
NameiShares iB.iShares Br.State Stre.iShares 0-. 
Asset ClassBondBondBondBond-
AUM ($ Bil)17.128.66.97.612.4
Expense Ratio0.49%0.08%0.40%0.30%0.35%
10-D Avg Volume (Mil)33.8110.632.681.396.66
Latest Day Volume (Mil)23.72-2.912.242.91
Holdings Count11,9001,2341,1581,196
Inception Date4/4/200710/25/201711/28/200710/15/2013-

Fundamentals

HYGUSHYJNKSHYGMedian
NameiShares iB.iShares Br.State Stre.iShares 0-. 
Net Asset Value79.2636.7195.4942.06-
Premium/Discount0.4%0.3%0.3%0.2%0.3%
Distribution Yield5.9%0.0%6.6%7.0%6.3%
Sales Yield-----
Earnings Yield-----

Valuation

HYGUSHYJNKSHYGMedian
NameiShares iB.iShares Br.State Stre.iShares 0-. 
P/S (TTM)-----
P/E (TTM)-----
P/FCF (TTM)-----
Forward P/E-----
Forward P/S-----

Risk

HYGUSHYJNKSHYGMedian
NameiShares iB.iShares Br.State Stre.iShares 0-. 
Volatility (1Y)3.9%3.7%3.8%3.2%3.8%
Volatility (3Y)5.1%5.0%5.2%4.3%5.0%
Volatility (5Y)7.5%7.3%7.5%5.7%7.4%
Beta (1Y)0.230.220.230.190.22
Beta (3Y)0.250.240.260.220.25
Beta (5Y)0.330.320.330.260.33
Sharpe Ratio (1Y)1.171.341.311.421.32
Sharpe Ratio (3Y)1.581.691.581.771.64
Sharpe Ratio (5Y)0.510.570.490.840.54
Max Drawdown (1Y)-2.3%-2.4%-2.5%-1.7%-2.4%
Max Drawdown (3Y)-4.6%-4.7%-5.0%-4.5%-4.6%
Max Drawdown (5Y)-15.8%-15.6%-16.7%-9.4%-15.7%

Returns

HYGUSHYJNKSHYGMedian
NameiShares iB.iShares Br.State Stre.iShares 0-. 
1M Return-0.2%-0.2%-0.2%-0.2%-0.2%
3M Return0.7%0.7%0.7%0.6%0.7%
6M Return1.3%1.4%1.4%1.6%1.4%
YTD Return1.7%1.9%1.9%1.8%1.8%
1Y Return4.6%5.0%5.1%4.6%4.8%
2Y Return14.5%14.9%14.7%14.1%14.6%
3Y Return27.1%28.3%27.3%25.3%27.2%

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity86.8 Mil
Short Interest: % Change Since 6302026-8.0%
Average Daily Volume28.3 Mil
Days-to-Cover Short Interest3.1 days