SHYG 📈 iShares 0-5 Year High - Overview
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US46434V4077 • High Yield Bond
SHYG: High Yield Bonds, Corporate Debt, Fixed Income Securities
The iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) tracks the performance of U.S. dollar-denominated high-yield corporate debt with maturities ranging from 0 to 5 years. This ETF provides investors with exposure to a diversified portfolio of high-yield bonds issued by corporations in the United States.
The fund's investment strategy is designed to replicate the performance of its underlying index, which is comprised of high-yield corporate bonds. To achieve this, the fund will invest at least 80% of its assets in the component securities of the underlying index, ensuring that the portfolio remains aligned with the market it's tracking. Additionally, the fund will allocate at least 90% of its assets to fixed-income securities that are similar in type and quality to those included in the underlying index, further enhancing its ability to track the index's performance.
As a U.S.-domiciled fund, the iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) is managed by BlackRock Fund Advisors (BFA), a leading global investment management company. For more information on the fund, investors can visit the iShares website at http://www.ishares.com.
Additional Sources for SHYG ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
SHYG ETF Overview
Market Cap in USD | 6,131m |
Category | High Yield Bond |
TER | 0.30% |
IPO / Inception | 2013-10-15 |
SHYG ETF Ratings
Growth 5y | 66.9% |
Fundamental | - |
Dividend | 73.5% |
Rel. Performance Sector | -1.94 |
Analysts | - |
Fair Price Momentum | 43.97 USD |
Fair Price DCF | - |
SHYG Dividends
Dividend Yield 12m | 6.21% |
Yield on Cost 5y | 7.76% |
Annual Growth 5y | 2.24% |
Payout Consistency | 96.84% |
SHYG Growth Ratios
Growth Correlation 3m | 78.9% |
Growth Correlation 12m | 98.2% |
Growth Correlation 5y | 81% |
CAGR 5y | 4.56% |
CAGR/Mean DD 5y | 2.10 |
Sharpe Ratio 12m | 1.65 |
Alpha | -5.50 |
Beta | 0.38 |
Volatility | 3.14% |
Current Volume | 691.1k |
Average Volume 20d | 1061.1k |
As of December 05, 2024, the stock is trading at USD 43.09 with a total of 691,070 shares traded.
Over the past week, the price has changed by +0.33%, over one month by +1.29%, over three months by +2.41% and over the past year by +10.68%.
Yes. Based on ValueRay Analyses, iShares 0-5 Year High (NYSE ARCA:SHYG) is currently (December 2024) a good stock to buy. It has a ValueRay Growth Rating of 66.86 and therefor a clear technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of SHYG as of December 2024 is 43.97. This means that SHYG is currently overvalued and has a potential downside of 2.04%.
iShares 0-5 Year High has no consensus analysts rating.
According to ValueRays Forecast Model, SHYG iShares 0-5 Year High will be worth about 47.9 in December 2025. The stock is currently trading at 43.09. This means that the stock has a potential upside of +11.26%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 47.9 | 11.3% |