(HYG) iShares High Yield - Ratings and Ratios

The iShares iBoxx $ High Yield Corporate Bond ETF (NYSE ARCA:HYG) is an exchange-traded fund that tracks a rules-based index of U.S. dollar-denominated high yield corporate bonds. The fund invests at least 80% of its assets in the component securities of the underlying index, ensuring a high degree of correlation with the indexs performance.

As a high yield bond ETF, HYG provides investors with exposure to a diversified portfolio of high-yielding corporate bonds, which can be an attractive option for income-seeking investors. With an AUM of approximately $17.2 billion, the fund has a significant presence in the market, which can contribute to its liquidity.

From a technical analysis perspective, the funds price action suggests a relatively stable trend, with multiple support levels between $77.9 and $79.1. The current price of $80.25 is slightly above its 20-day SMA of $80.03, indicating a potential bullish bias. Additionally, the funds 52-week high and low prices ($80.37 and $73.23, respectively) suggest a relatively wide trading range, which can be an opportunity for traders.

Some key performance indicators (KPIs) to monitor for HYG include its yield, duration, and credit quality. The funds yield is likely to be higher than that of investment-grade bond ETFs, given its focus on high-yield corporate bonds. The duration of the fund, which measures its sensitivity to interest rate changes, is also an important consideration. Furthermore, the credit quality of the underlying bonds, which can be assessed using metrics such as average credit rating and credit spread, can provide insight into the funds potential credit risk.

Investors should also consider the funds expense ratio, trading volume, and bid-ask spread when evaluating its suitability for their investment objectives. By examining these KPIs and understanding the funds underlying index and investment strategy, investors can make more informed decisions about their investment in HYG.