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iShares BB Rated Corporate Bond ETF (HYBB)



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Upturn Advisory Summary
08/14/2025: HYBB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 7.18% | Avg. Invested days 61 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.83 | 52 Weeks Range 42.16 - 46.95 | Updated Date 06/30/2025 |
52 Weeks Range 42.16 - 46.95 | Updated Date 06/30/2025 |
Upturn AI SWOT
iShares BB Rated Corporate Bond ETF
ETF Overview
Overview
The iShares BB Rated Corporate Bond ETF (HYBB) seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds that are rated BB.
Reputation and Reliability
BlackRock is one of the largest and most reputable asset managers globally, with a long track record of managing ETFs.
Management Expertise
BlackRock has extensive expertise in fixed-income investing and ETF management, with a large team of portfolio managers and analysts.
Investment Objective
Goal
Seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds that are rated BB.
Investment Approach and Strategy
Strategy: The ETF aims to replicate the ICE BofA US BB Corporate Index, which consists of BB-rated corporate bonds.
Composition Primarily holds BB-rated corporate bonds, offering exposure to the higher end of the high-yield market.
Market Position
Market Share: HYBB holds a significant market share within the BB-rated corporate bond ETF segment.
Total Net Assets (AUM): 3268000000
Competitors
Key Competitors
- XBB (iShares Core Canadian BBB Bond Index ETF)
- SDHY (VictoryShares US Discovery Enhanced High Yield ETF)
- BHY (Virtus Newfleet High Yield ETF)
Competitive Landscape
The competitive landscape includes ETFs that track similar high-yield indices, some with broader credit quality exposure. HYBB's focus on BB-rated bonds may offer a specific risk-return profile compared to competitors. A disadvantage may be the limited scope within the high-yield market. Advantages include lower credit risk (vs lower-rated bonds) and higher liquidity in its holdings.
Financial Performance
Historical Performance: Historical performance data varies based on market conditions, interest rates, and credit spreads. Refer to official iShares data for specific performance figures.
Benchmark Comparison: The ETF's performance should be compared to the ICE BofA US BB Corporate Index to evaluate its tracking effectiveness.
Expense Ratio: 0.12
Liquidity
Average Trading Volume
The ETF generally has a high average trading volume, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread is typically tight, reflecting good liquidity and lower trading costs.
Market Dynamics
Market Environment Factors
Economic growth, interest rate movements, credit spreads, and investor sentiment all affect HYBB.
Growth Trajectory
The growth trajectory is linked to the high-yield market's expansion and investor demand for BB-rated bonds.
Moat and Competitive Advantages
Competitive Edge
HYBB benefits from BlackRock's brand recognition and extensive distribution network. Its specific focus on BB-rated bonds offers a targeted exposure within the high-yield market. Lower expense ratio in comparision to other ETFs. The ETF has significant assets under management which gives it high trading volume.
Risk Analysis
Volatility
The ETF experiences moderate volatility, reflecting the risk associated with BB-rated corporate bonds.
Market Risk
The ETF faces credit risk, interest rate risk, and market risk, which can impact its returns.
Investor Profile
Ideal Investor Profile
Suitable for investors seeking higher yields than investment-grade bonds but with less risk than lower-rated high-yield bonds.
Market Risk
Best suited for long-term investors who understand high-yield bond risks and are looking for income.
Summary
The iShares BB Rated Corporate Bond ETF provides targeted exposure to the higher-quality segment of the high-yield corporate bond market. It is issued by BlackRock, a reputable firm with expertise in fixed-income ETFs. The ETF offers a balance between risk and yield, making it suitable for income-seeking investors with moderate risk tolerance. Economic conditions and credit spreads will affect the performance of HYBB. Investors should always consider this when deciding on including HYBB into their portfolio.
Peer Comparison
Sources and Disclaimers
Data Sources:
- iShares website
- Morningstar
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Market share information is estimated and may vary. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares BB Rated Corporate Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the underlying index.

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