(HYG) High Yield Corporate Bond - Overview
Etf: Corporate Bonds, High Yield, Fixed Income
| Risk 5d forecast | |
|---|---|
| Volatility | 5.37% |
| Relative Tail Risk | -0.70% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.59 |
| Alpha | -0.74 |
| Character TTM | |
|---|---|
| Beta | 0.200 |
| Beta Downside | 0.178 |
| Drawdowns 3y | |
|---|---|
| Max DD | 4.56% |
| CAGR/Max DD | 2.02 |
Description: HYG High Yield Corporate Bond March 03, 2026
The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) tracks a rules-based index of U.S. dollar-denominated, liquid corporate debt rated below investment grade. The fund maintains a primary allocation of at least 80% of its assets in the component securities of its underlying index, with a total of 90% dedicated to fixed-income instruments designed to mirror the indexs performance.
The high-yield sector consists of junk bonds issued by companies with higher credit risk, offering elevated coupon rates to compensate investors for potential default volatility. These instruments often exhibit a higher correlation with equity markets than government treasuries due to their sensitivity to corporate earnings and economic cycles. Investors can evaluate specific credit metrics and risk profiles for these holdings on ValueRay.
Headlines to watch out for
- Interest rate hikes depress bond prices
- Corporate default rates impact high-yield bond values
- Economic recession increases credit risk
- Investor sentiment shifts to safer assets
What is the price of HYG shares?
Over the past week, the price has changed by -0.61%, over one month by -1.56%, over three months by -0.31% and over the past year by +6.91%.
Is HYG a buy, sell or hold?
What are the forecasts/targets for the HYG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |