(HYG) High Yield Corporate Bond - Overview
ETF Category: High Yield Bond | Exchange NYSE ARCA (USA) | Currency USD | Market Cap: 16.735m | Total Return 5.8% in 12m
Avg Trading Vol: 5.57B USD
Peers RS (IBD): 43.2
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.
- 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
Over the past week, the price has changed by -0.91%, over one month by -2.00%, over three months by -1.41% and over the past year by +5.77%.
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| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |