iShares Broad USD High Yield Corporate Bond ETF (USHY)


Market Price (9/14/2026): $36.315

iShares Broad USD High Yield Corporate Bond ETF (USHY)


Market Price (9/14/2026): $36.315

Key Takeaways

  • USHY has returned +1.2% YTD vs +12.4% for SPY, -1.6% for AGG; +2.7% over the past 12 months (SPY +17.2%, AGG -1.0%). details →
  • Priced in gold, USHY has returned -44.8% over the past 3 years, vs +26.0% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, USHY has seen net outflows of −$727M (−2.5% of assets). details →
  • USHY yields 6.42% based on its trailing 12-month distributions.
  • Risk-adjusted returns beat AGG: 3-year Sharpe ratio of 0.8 vs 0.0. details →
Last updated: 9/13/2026.

Price Chart

Asset Allocation with USHY

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+12.3%
Volatility
11.8%
Sharpe
0.81
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.

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

Top 20 Holdings for USHY

Total Weights
Top 5: 2.7% | Top 10: 4.0% | Top 20: 6.2%

HoldingETF Weight
066922477BLK CSH FND TREASURY SL AGENCY1.08%
68288AAA51261229 BC LTD 144A 10.00% 04/15/20320.49%
278768AC0ECHOSTAR CORP 10.75% 11/30/20290.40%
58990CAA1MERIDIAN ARC HOLDCO LLC 144A 6.25% 04/30/20310.39%
74843PAA8QUIKRETE HOLDINGS INC 144A 6.38% 03/01/20320.29%
69393LAA1PR RNO PROPERTY OWNER 1 LLC 144A 6.50% 05/01/20310.28%
88632QAE3CLOUD SOFTWARE GROUP INC 144A 6.50% 03/31/20290.27%
18912UAA0CLOUD SOFTWARE GROUP INC 144A 9.00% 09/30/20290.27%
982911AA7WULF COMPUTE LLC 144A 7.75% 10/15/20300.24%
78488XAA2SV RNO PROPERTY OWNER 1 LLC 144A 5.88% 03/01/20310.24%
44332PAH4HUB INTERNATIONAL LTD 144A 7.25% 06/15/20300.24%
36322DAA4GALAXY HELIOS DATA CENTERS II LLC 144A 9.88% 08/01/20310.24%
045941AA9ASURION LLC 144A 8.00% 12/31/20320.24%
65346UAB5NEXSTAR MEDIA INC 144A 6.50% 09/15/20330.23%
69867RAA5PANTHER ESCROW ISSUER LLC 144A 7.13% 06/01/20310.23%
21874LAA0CORE SCIENTIFIC FINANCE I LLC 144A 7.75% 05/15/20310.22%
92332YAC5VENTURE GLOBAL LNG INC 144A 9.50% 02/01/20290.22%
15135BAT8CENTENE CORPORATION 4.63% 12/15/20290.22%
67124CAA1OAK EAGLE ACQUIRECO INC 144A 7.25% 07/01/20330.21%
045941AB7ASURION LLC 144A 8.38% 02/01/20340.21%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
USHY Return5%-11%13%8%9%1%26%
Peers Return4%-9%11%8%8%1%25%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
USHY Win Rate67%33%67%75%92%56% 
Peers Win Rate64%33%67%75%83%56% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
USHY Max Drawdown-2%-15%-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: HYG, 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 9/11/2026 (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
USHY0.210.840.08
Bond Top Results (3Y)   
USHY0.210.840.08
SHYG0.220.790.22
JNK0.230.750.01
HYG0.090.750.02
SPSB-0.810.54-0.46

Results as of 8312026.

How Low Can It Go

EventUSHYS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-15.4%-24.5%
  % Gain to Breakeven18.2%32.4%
  Time to Breakeven450 days427 days
2020 COVID-19 Crash
  % Loss-22.3%-33.7%
  % Gain to Breakeven28.6%50.9%
  Time to Breakeven163 days140 days

Compare to HYG, JNK, SHYG

In The Past

iShares Broad USD High Yield Corporate Bond ETF's stock fell -4.2% during the 2025 US Tariff Shock. Such a loss loss requires a 4.4% 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.

EventUSHYS&P 500
2020 COVID-19 Crash
  % Loss-22.3%-33.7%
  % Gain to Breakeven28.6%50.9%
  Time to Breakeven163 days140 days

Compare to HYG, JNK, SHYG

In The Past

iShares Broad USD High Yield Corporate Bond ETF's stock fell -4.2% during the 2025 US Tariff Shock. Such a loss loss requires a 4.4% 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.

USHY 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
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF-5.8%157.299132026167.03813202631
IJHiShares Core S&P Mid-Cap ETF-5.4%74.44913202678.67816202628
MDYState Street SPDR S&P MIDCAP 400 ETF Trust-5.3%678.689132026716.91816202628
IVOOVanguard S&P Mid-Cap 400 ETF-5.3%126.029132026133.08816202628
IJRiShares Core S&P Small-Cap ETF-5.5%142.199132026150.44816202628
VBVanguard Small-Cap ETF-5.1%293.459132026309.29816202628
IWMiShares Russell 2000 ETF-5.3%288.899132026305.09816202628
SCHASchwab U.S. Small-Cap ETF-6.5%33.79913202636.13630202675
VTWOVanguard Russell 2000 ETF-5.3%116.769132026123.31816202628
ESMLiShares ESG Aware MSCI USA Small-Cap ETF-5.0%53.79913202656.64816202628
NUSCNuveen ESG Small-Cap ETF-5.8%50.19913202653.27816202628
IWFiShares Russell 1000 Growth ETF-5.0%122.279132026128.776012026104
AKREAkre Focus ETF-7.9%56.98913202661.85830202614
IWPiShares Russell Mid-Cap Growth ETF-6.6%138.009132026147.70817202627
VOTVanguard Mid-Cap Growth ETF-6.1%294.999132026314.02816202628
IJKiShares S&P Mid-Cap 400 Growth ETF-6.4%111.529132026119.11817202627
MDYGState Street SPDR S&P 400 Mid Cap Growth ETF-6.4%106.429132026113.69817202627
IWOiShares Russell 2000 Growth ETF-7.1%367.639132026395.65816202628
VBKVanguard Small-Cap Growth ETF-7.0%340.699132026366.24817202627
IJTiShares S&P Small-Cap 600 Growth ETF-7.0%166.469132026179.07804202640
SLYGState Street SPDR S&P 600 Small Cap Growth ETF-7.0%111.159132026119.50804202640
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-9.8%33.64913202637.30622202683
EWYiShares MSCI South Korea ETF-13.9%188.729132026219.20621202684
EWZiShares MSCI Brazil ETF-8.5%38.19913202641.734142026152
FXIiShares China Large-Cap ETF-9.9%34.49913202638.265132026123
ILFiShares Latin America 40 ETF-5.6%35.97913202638.104142026152
KWEBKraneShares CSI China Internet ETF-19.7%24.60913202630.643162026181
MTUMiShares MSCI USA Momentum Factor ETF-11.1%307.049132026345.22622202683
SPHQInvesco S&P 500 Quality ETF-6.1%84.57913202690.10630202675
FNDASchwab Fundamental U.S. Small Company ETF-5.5%36.42913202638.52816202628
SPMOInvesco S&P 500 Momentum ETF-8.3%148.319132026161.66622202683
URAGlobal X Uranium ETF-25.3%43.53913202658.265062026130
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-15.3%35.28913202641.635132026123
ROBOROBO Global Robotics & Automation Index ETF-12.4%79.11913202690.346022026103
LITGlobal X Lithium & Battery Tech ETF-22.0%71.49913202691.625112026125
ICLNiShares Global Clean Energy ETF-24.5%17.92913202623.756022026103
ARKQARK Autonomous Technology & Robotics ETF-15.6%121.369132026143.825282026108
ARKXARK Space & Defense Innovation ETF-15.6%31.84913202637.745282026108
NASATema Space Innovators ETF-44.0%23.44913202641.895272026109
AGIXKraneShares Artificial Intelligence ETF-7.2%45.82913202649.406012026104
DRSKAptus Defined Risk ETF-6.2%27.84913202629.676012026104
YYYAmplify CEF High Income ETF-5.1%10.97913202611.56712202663
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-6.8%66.45913202671.30825202619
XLKState Street Technology Select Sector SPDR ETF-5.3%187.679132026198.216022026103
XLVState Street Health Care Select Sector SPDR ETF-5.9%165.369132026175.68819202625
XLIState Street Industrial Select Sector SPDR ETF-7.6%172.379132026186.51816202628
XLCState Street Communication Services Select Sector SPDR ETF-5.5%112.609132026119.104192026147
XLYState Street Consumer Discretionary Select Sector SPDR ETF-7.5%112.969132026122.065282026108
XLUState Street Utilities Select Sector SPDR ETF-10.1%42.39913202647.154092026157
XLBState Street Materials Select Sector SPDR ETF-5.1%50.95913202653.67826202618
VHTVanguard Health Care ETF-5.7%310.749132026329.48819202625
IYJiShares U.S. Industrials ETF-6.7%158.479132026169.86804202640
IYMiShares U.S. Basic Materials ETF-5.0%186.569132026196.45825202619
SMHVanEck Semiconductor ETF-15.0%568.539132026668.91622202683
SOXXiShares Semiconductor ETF-19.5%527.079132026655.01622202683
IBBiShares Biotechnology ETF-6.5%202.939132026216.96819202625
XBIState Street SPDR S&P Biotech ETF-7.9%156.209132026169.55819202625
ITAiShares U.S. Aerospace & Defense ETF-13.5%219.019132026253.22816202628
IGViShares Expanded Tech-Software Sector ETF-8.0%101.529132026110.32827202617
IYTiShares U.S. Transportation ETF-8.7%82.14913202690.01716202659
KREState Street SPDR S&P Regional Banking ETF-5.2%73.90913202677.93816202628
MISLFirst Trust Indxx Aerospace & Defense ETF-13.4%42.58913202649.195282026108
RINGiShares MSCI Global Gold Miners ETF-8.3%85.47913202693.17825202619
SOXQInvesco PHLX Semiconductor ETF-19.1%93.109132026115.11622202683
TLTiShares 20+ Year Treasury Bond ETF-6.8%80.87913202686.78629202676
VGLTVanguard Long-Term Treasury ETF-5.8%51.90913202655.12629202676
SPTLState Street SPDR Portfolio Long Term Treasury ETF-6.2%24.69913202626.33629202676
TLHiShares 10-20 Year Treasury Bond ETF-5.5%95.019132026100.56629202676
EDVVanguard World Funds Extended Duration ETF-9.8%59.02913202665.43624202681
VCLTVanguard Long-Term Corporate Bond ETF-5.6%70.65913202674.85629202676
SPLBState Street SPDR Portfolio Long Term Corporate Bond ETF-6.2%21.02913202622.40629202676
IGLBiShares 10+ Year Investment Grade Corporate Bond ETF-5.9%47.11913202650.05629202676
LMUBiShares Long-Term National Muni Bond ETF-5.8%48.02913202651.00705202670
GSGiShares GSCI Commodity-5.8%30.01913202631.853182026179
GLDSPDR Gold Trust-13.5%398.779132026460.843152026182
IAUiShares Gold Trust-13.4%81.71913202694.383152026182
GLDMSPDR Gold MiniShares Trust-13.4%86.00913202699.283152026182
SGOLETFS Physical Swiss Gold Shares-6.5%44.66913202647.783152026182
BARDirexion Daily Gold Bull 3X Shares-10.2%44.34913202649.403152026182
SLViShares Silver Trust-26.8%58.12913202679.355132026123
PPLTETFS Physical Platinum Shares-16.8%16.26913202619.555132026123
CPERUnited States Copper Index Fund ETV-6.6%33.33913202635.693162026181
PALLETFS Physical Palladium Shares-19.2%23.62913202629.233162026181
UNGUnited States Natural Gas Fund LP-19.7%10.17913202612.673182026179
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85913202660.135042026132
VNQVanguard Real Estate ETF-6.1%94.809132026100.95728202647
XLREState Street Real Estate Select Sector SPDR ETF-5.6%43.42913202646.01728202647
SCHHSchwab U.S. REIT ETF-6.7%23.20913202624.86726202649
IYRiShares U.S. Real Estate ETF-6.1%100.759132026107.26728202647
REETiShares Global REIT ETF-6.6%26.98913202628.89726202649
USRTiShares Core U.S. REIT ETF-7.6%64.48913202669.82726202649
IBITiShares Bitcoin Trust ETF-5.8%43.77913202646.475112026125
FBTCFidelity Wise Origin Bitcoin Fund-5.7%67.25913202671.355112026125

ETF Fund Flows

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

Net fund flows · as of 2026-09-11

Asset allocation rotation · Past month

  • Bond ETFs drew the largest net inflows (+$12.0B), followed by Cash (+$9.1B), while Real Estate (−$654M) saw the largest outflows.
  • Within the mix, money rotated into Short Treasury (+$9.0B) and out of US Large Cap Core (−$27.8B).
  • Relative to fund size, CNEQ drew the largest inflow (+75.2% of AUM) and SNXX the largest outflow (−34.1%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$41.88B+4.0%
2SGOViShares 0-3 Month Treasury Bond ETFCash+$6.7B+6.3%
3VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$6.52B+0.9%
4VGSHVanguard Short-Term Treasury ETFBond Short Treasury+$4.59B+13.7%
5GLDSPDR Gold SharesCommodity Gold+$3.48B+2.3%
6SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.32B+3.0%
7AVLVAvantis U.S. Large Cap Value ETFOther+$3.07B+14.2%
8VXUSVanguard Total International Stock ETFEquity International Broad+$3.03B+1.8%
9IBITiShares Bitcoin Trust ETFCrypto+$2.75B+4.5%
10TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$2.61B+5.6%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$64.94B-7.4%
2LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$5.13B-15.8%
3SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core-$4.36B-0.5%
4HYGiShares iBoxx $ High Yield Corporate Bond ETFBond High Yield Corporate-$3.43B-21.1%
5QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth-$2.54B-0.5%
6VGITVanguard Intermediate-Term Treasury ETFBond Intermediate Treasury-$2.52B-6.1%
7XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$2.27B-4.1%
8DRAMRoundhill Memory ETFOther-$2.14B-8.2%
9GOVTiShares U.S. Treasury Bond ETFBond Intermediate Treasury-$1.79B-4.3%
10EWYiShares MSCI South Korea ETFEquity Emerging Markets-$1.17B-4.2%

Largest ETF fund flows across ~2643 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 USHY

0Holdings Count: 1894
Expense Ratio: 0.08%
Inception Date: 2017-10-24
iShares Broad USD High Yield Corporate Bond ETF
This fund aims to replicate the financial performance of an underlying index. This benchmark is composed of corporate debt instruments that offer high yields and are denominated in U.S. dollars.
Asset Class: Fixed Income | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

USHYHYGJNKSHYGMedian
NameiShares Br.iShares iB.State Stre.iShares 0-. 
Asset ClassBondBondBondBond-
AUM ($ Bil)28.114.56.87.811.1
Expense Ratio0.08%0.49%0.40%0.30%0.35%
10-D Avg Volume (Mil)10.4032.892.701.356.55
Latest Day Volume (Mil)-53.266.501.486.50
Holdings Count1,8941,3301,2041,1581,267
Inception Date10/24/20174/3/200711/28/200710/14/2013-

Fundamentals

USHYHYGJNKSHYGMedian
NameiShares Br.iShares iB.State Stre.iShares 0-. 
Net Asset Value36.4378.7194.6641.82-
Premium/Discount-0.2%-0.1%-0.1%-0.1%-0.1%
Distribution Yield0.0%6.0%6.7%7.1%6.4%
Sales Yield-----
Earnings Yield-----

Valuation

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

Risk

USHYHYGJNKSHYGMedian
NameiShares Br.iShares iB.State Stre.iShares 0-. 
Volatility (1Y)3.7%3.9%3.9%3.2%3.8%
Volatility (3Y)4.9%5.0%5.1%4.3%5.0%
Volatility (5Y)7.3%7.5%7.5%5.7%7.4%
Beta (1Y)0.220.230.230.190.23
Beta (3Y)0.240.250.260.220.25
Beta (5Y)0.320.330.330.260.33
Sharpe Ratio (1Y)0.790.660.790.990.79
Sharpe Ratio (3Y)1.621.521.511.711.57
Sharpe Ratio (5Y)0.540.470.450.810.50
Max Drawdown (1Y)-2.4%-2.3%-2.5%-1.7%-2.4%
Max Drawdown (3Y)-4.7%-4.6%-5.0%-4.5%-4.6%
Max Drawdown (5Y)-15.6%-15.8%-16.7%-9.4%-15.7%

Returns

USHYHYGJNKSHYGMedian
NameiShares Br.iShares iB.State Stre.iShares 0-. 
1M Return-1.2%-1.3%-1.3%-0.9%-1.3%
3M Return-0.5%-0.7%-0.6%-0.2%-0.6%
6M Return1.8%1.5%1.9%2.1%1.8%
YTD Return1.2%0.9%1.2%1.5%1.2%
1Y Return3.0%2.6%3.1%3.2%3.0%
2Y Return11.6%11.0%11.2%11.5%11.4%
3Y Return26.7%25.5%25.7%24.2%25.6%

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity38.3 Mil
Short Interest: % Change Since 815202613.4%
Average Daily Volume7.3 Mil
Days-to-Cover Short Interest5.2 days