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iShares iBoxx $ High Yield Corporate Bond ETF (HYG)



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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!
Analysis of Past Performance
Type ETF | Historic Profit 13.9% | Avg. Invested days 74 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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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 |
Upturn AI SWOT
iShares iBoxx $ High Yield Corporate Bond ETF
ETF Overview
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.
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.
Management Expertise
BlackRock has extensive experience in managing fixed-income portfolios, with a dedicated team of professionals focused on high-yield investments.
Investment Objective
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
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.
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 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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.