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HYG
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iShares iBoxx $ High Yield Corporate Bond ETF (HYG)

Upturn stock ratingUpturn stock rating
$80.37
Last Close (24-hour delay)
Profit since last BUY3.29%
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Regular Buy
BUY since 38 days
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Upturn Advisory Summary

07/03/2025: HYG (3-star) is a STRONG-BUY. BUY since 38 days. Profits (3.29%). Updated daily EoD!

Upturn Star Rating

rating

Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type ETF
Historic Profit 13.9%
Avg. Invested days 74
Today’s Advisory Regular Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
ETF Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/03/2025

Key Highlights

Volume (30-day avg) -
Beta 0.87
52 Weeks Range 72.69 - 80.47
Updated Date 06/29/2025
52 Weeks Range 72.69 - 80.47
Updated Date 06/29/2025

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iShares iBoxx $ High Yield Corporate Bond ETF

ETF Overview

overview logo Overview

The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. It provides exposure to a broad range of below-investment-grade corporate bonds, making it a tool for investors seeking income and diversification in the high-yield sector.

reliability logo Reputation and Reliability

BlackRock, the issuer, is one of the world's largest asset managers with a strong reputation for providing reliable and well-managed ETFs.

reliability logo Management Expertise

BlackRock has extensive experience in managing fixed-income portfolios, with a dedicated team of professionals focused on high-yield investments.

Investment Objective

overview logo Goal

The investment goal of HYG is to track the investment results of the Markit iBoxx USD Liquid High Yield Index, providing investors with exposure to the U.S. high-yield corporate bond market.

Investment Approach and Strategy

Strategy: HYG aims to replicate the performance of the Markit iBoxx USD Liquid High Yield Index.

Composition The ETF primarily holds U.S. dollar-denominated high-yield corporate bonds.

Market Position

Market Share: HYG holds a significant market share in the high-yield corporate bond ETF segment.

Total Net Assets (AUM): 14460000000

Competitors

overview logo Key Competitors

  • SPDR Bloomberg High Yield Bond ETF (JNK)
  • VanEck High Yield Muni ETF (HYMB)
  • Xtrackers USD High Yield Corporate Bond ETF (HYLB)

Competitive Landscape

The high-yield corporate bond ETF market is competitive, with several major players vying for market share. HYG benefits from BlackRock's brand recognition and significant AUM, leading to strong liquidity and tight spreads. Competitors like JNK and HYLB offer similar exposure, but may differ in index methodology or expense ratios. HYG's larger size may provide a slight cost advantage due to economies of scale but also potentially making it slower to adapt to market changes compared to smaller ETFs.

Financial Performance

Historical Performance: Historical performance data needs to be sourced and integrated. For example [1.15, 2.48, 7.67, -1.34, 10.89]

Benchmark Comparison: Benchmark performance comparison needs to be sourced and integrated. For example [1.20, 2.55, 7.75, -1.28, 11.00]

Expense Ratio: 0.49

Liquidity

Average Trading Volume

HYG demonstrates high liquidity, typically exhibiting a substantial average daily trading volume, which makes it easier to buy and sell shares quickly.

Bid-Ask Spread

The bid-ask spread for HYG is generally tight, usually a few cents, reflecting the ETF's high liquidity and efficient trading.

Market Dynamics

Market Environment Factors

HYG's performance is influenced by factors such as interest rate movements, credit spreads, economic growth, and investor sentiment towards risk assets. Changes in monetary policy and corporate earnings can significantly impact high-yield bond valuations.

Growth Trajectory

HYG's growth trajectory is tied to the overall demand for high-yield debt and the attractiveness of its yield relative to other fixed-income assets. Its holdings and strategy can change as the index it tracks is rebalanced.

Moat and Competitive Advantages

Competitive Edge

HYG's competitive advantages stem from BlackRock's established brand, its substantial AUM which contributes to high liquidity, and the wide recognition of the iBoxx index it tracks. Its size allows for tighter bid-ask spreads and lower transaction costs. The extensive tracking and resources BlackRock possesses make HYG a go-to option for institutional investors seeking exposure to high-yield bonds. However, smaller more nimble ETF's might be able to offer more flexible investment strategies.

Risk Analysis

Volatility

HYG exhibits higher volatility compared to investment-grade bond ETFs due to the higher credit risk associated with high-yield bonds.

Market Risk

HYG is subject to market risk, particularly credit risk and interest rate risk. Economic downturns can increase default rates and widen credit spreads, negatively impacting HYG's performance.

Investor Profile

Ideal Investor Profile

The ideal investor for HYG is someone seeking higher income potential and is willing to accept a greater degree of risk. This includes investors looking for income generation and diversification from investment-grade bonds, but who can tolerate volatility.

Market Risk

HYG can be suitable for both long-term investors seeking income and tactical investors looking to capitalize on changes in credit spreads. However, due to its higher risk, it is generally more appropriate for investors with a moderate to high risk tolerance.

Summary

The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) offers exposure to U.S. dollar-denominated high-yield corporate bonds, making it a popular choice for income-seeking investors. BlackRock's strong brand and HYG's substantial AUM contribute to its high liquidity and competitive spreads. However, it's important to note that HYG is subject to credit risk and interest rate risk, resulting in higher volatility compared to investment-grade bonds. It suits investors with moderate to high risk tolerance who want to enhance portfolio yield.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • iShares Official Website
  • Bloomberg
  • Morningstar

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market data is subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About iShares iBoxx $ High Yield Corporate Bond ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The underlying index is a rules-based index consisting of U.S. dollar-denominated, high yield corporate bonds for sale in the U.S. 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 the advisor believes will help the fund track the underlying index.