iShares iBoxx $ High Yield Corporate Bond ETF (HYG)


Market Price (8/10/2026): $79.61

iShares iBoxx $ High Yield Corporate Bond ETF (HYG)


Market Price (8/10/2026): $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 +22.4%, AGG +2.3%). details →
  • Priced in gold, HYG has returned -44.2% 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 +$1.06B (+6.5% 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: 8/9/2026.

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%79.99809202686.00622202648
EEMiShares MSCI Emerging Markets ETF-7.8%65.64809202671.21622202648
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-5.8%35.12809202637.30622202648
EWYiShares MSCI South Korea ETF-24.2%166.098092026219.20621202649
EWZiShares MSCI Brazil ETF-15.3%35.34809202641.734142026117
FXIiShares China Large-Cap ETF-8.5%36.17809202639.532102026180
ILFiShares Latin America 40 ETF-9.1%34.62809202638.104142026117
KWEBKraneShares CSI China Internet ETF-16.5%28.66809202634.342092026181
MTUMiShares MSCI USA Momentum Factor ETF-10.4%309.328092026345.22622202648
SPMOInvesco S&P 500 Momentum ETF-7.4%149.698092026161.66622202648
URAGlobal X Uranium ETF-22.9%44.91809202658.26506202695
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-9.7%37.61809202641.63513202688
ROBOROBO Global Robotics & Automation Index ETF-6.5%84.44809202690.34602202668
LITGlobal X Lithium & Battery Tech ETF-19.2%74.01809202691.62511202690
ICLNiShares Global Clean Energy ETF-22.9%18.30809202623.75602202668
ARKQARK Autonomous Technology & Robotics ETF-11.1%127.858092026143.82528202673
ARKXARK Space & Defense Innovation ETF-9.2%34.27809202637.74528202673
NASATema Space Innovators ETF-39.0%25.55809202641.89527202674
XOVREntrepreneurShares Series Trust ERShares Private-Public Crossover ETF-5.7%20.13809202621.34706202634
AGIXKraneShares Artificial Intelligence ETF-8.2%45.34809202649.40601202669
RAAXVanEck Real Assets ETF-5.1%40.54809202642.70511202690
XLKState Street Technology Select Sector SPDR ETF-5.2%187.978092026198.21602202668
XLEState Street Energy Select Sector SPDR ETF-8.1%57.50809202662.563292026133
XLCState Street Communication Services Select Sector SPDR ETF-6.6%111.258092026119.104192026112
XLUState Street Utilities Select Sector SPDR ETF-8.0%43.61809202647.403012026161
FXNFirst Trust Energy AlphaDEX Fund-7.5%21.44809202623.183292026133
SMHVanEck Semiconductor ETF-12.9%582.708092026668.91622202648
SOXXiShares Semiconductor ETF-17.1%543.278092026655.01622202648
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-11.6%166.408092026188.183292026133
MISLFirst Trust Indxx Aerospace & Defense ETF-6.8%47.22809202650.663022026160
RINGiShares MSCI Global Gold Miners ETF-21.5%78.02809202699.423012026161
SOXQInvesco PHLX Semiconductor ETF-15.6%97.208092026115.11622202648
TLTiShares 20+ Year Treasury Bond ETF-7.2%82.76809202689.153012026161
VGLTVanguard Long-Term Treasury ETF-6.1%53.08809202656.533012026161
SPTLState Street SPDR Portfolio Long Term Treasury ETF-6.5%25.25809202626.993012026161
TLHiShares 10-20 Year Treasury Bond ETF-5.8%97.058092026103.083012026161
EDVVanguard World Funds Extended Duration ETF-10.5%60.35809202667.423012026161
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-8.8%17.25809202618.91512202689
DBCInvesco DB Commodity Index Tracking Fund-8.8%28.91809202631.69512202689
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-10.9%32.55809202636.53519202682
GSGiShares GSCI Commodity-5.8%30.01809202631.853182026144
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-8.0%23.83809202625.91512202689
FTGCFirst Trust Global Tactical Commodity Strategy Fund-5.3%28.91809202630.53512202689
GLDSPDR Gold Trust-18.7%398.478092026490.003022026160
IAUiShares Gold Trust-18.6%81.688092026100.383022026160
GLDMSPDR Gold MiniShares Trust-18.6%85.958092026105.543022026160
SGOLETFS Physical Swiss Gold Shares-12.1%44.66809202650.813022026160
BARDirexion Daily Gold Bull 3X Shares-15.6%44.34809202652.533022026160
SLViShares Silver Trust-32.3%57.50809202684.993012026161
SIVRETFS Physical Silver Shares Trust ETF-6.6%83.39809202689.263012026161
PPLTETFS Physical Platinum Shares-26.2%15.85809202621.473012026161
CPERUnited States Copper Index Fund ETV-9.6%33.33809202636.883012026161
PALLETFS Physical Palladium Shares-23.0%25.05809202632.542242026166
USOUnited States Oil Fund LP-22.9%117.988092026152.96519202682
UNGUnited States Natural Gas Fund LP-26.6%9.74809202613.272082026182
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85809202660.13504202697
IBITiShares Bitcoin Trust ETF-20.8%36.80809202646.47511202690
FBTCFidelity Wise Origin Bitcoin Fund-20.8%56.53809202671.35511202690
ETHAiShares Ethereum Trust ETF-21.3%14.47809202618.384192026112

ETF Fund Flows

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

Net fund flows · as of 2026-08-07

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$54.4B), followed by Bond (+$15.2B), with every major asset class in net inflows.
  • Within the mix, money rotated into US Large Cap Core (+$13.2B) and out of Intermediate Treasury (−$2.1B).
  • Relative to fund size, BFLX drew the largest inflow (+56.2% of AUM) and FTXL the largest outflow (−40.2%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$11.99B+1.2%
2SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core+$8.18B+1.0%
3SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$6.27B+3.9%
4EWYiShares MSCI South Korea ETFEquity Emerging Markets+$6.26B+26.9%
5DRAMRoundhill Memory ETFOther+$4.94B+20.3%
6QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$4.82B+1.0%
7SGOViShares 0-3 Month Treasury Bond ETFCash+$4.3B+4.3%
8VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$3.8B+0.6%
9TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$3.56B+8.4%
10SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.36B+3.3%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$13.15B-1.5%
2IEFiShares 7-10 Year Treasury Bond ETFBond Intermediate Treasury-$3.58B-7.6%
3IQMMProShares - GENIUS Money Market ETFOther-$2.95B-16.3%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$2.24B-6.6%
5IWMiShares Russell 2000 ETFEquity US Small Cap Core-$1.86B-2.3%
6IWDiShares Russell 1000 Value ETFEquity US Large Value-$1.13B-1.4%
7SCZiShares MSCI EAFE Small-Cap ETFEquity International Small Cap-$1.09B-8.2%
8IWRiShares Russell Mid-Cap ETFEquity US Mid Cap Core-$1.01B-1.8%
9IWFiShares Russell 1000 Growth ETFEquity US Large Growth-$911M-0.7%
10MTUMiShares MSCI USA Momentum Factor ETFEquity Factor Smart Beta-$904M-3.5%

Largest ETF fund flows across ~2609 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: 1330
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)17.929.27.37.612.7
Expense Ratio0.49%0.08%0.40%0.30%0.35%
10-D Avg Volume (Mil)33.7414.543.531.649.03
Latest Day Volume (Mil)23.72-2.912.242.91
Holdings Count1,3301,9001,2261,1601,278
Inception Date4/4/200710/25/201711/28/200710/15/2013-

Fundamentals

HYGUSHYJNKSHYGMedian
NameiShares iB.iShares Br.State Stre.iShares 0-. 
Net Asset Value79.4936.7795.5442.09-
Premium/Discount0.2%0.1%0.3%0.1%0.1%
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