ETF Analysis
HYG ETF: High-Yield Bond Yield, Credit Exposure and Duration
HYG answer
HYG, the iShares iBoxx $ High Yield Corporate Bond ETF, holds 1,331 U.S.-dollar corporate bonds rated below investment grade, often called junk bonds. It pays more income than Treasury or investment-grade funds because its issuers carry more default risk, so HYG tends to fall with stocks when credit conditions worsen. Its expense ratio is 0.49%, its annualized volatility is 4.23%, and its maximum drawdown over the past year is -5.41%.
- Expense ratio
- 0.49%
- Fund size
- $16.81B
- Holdings
- 1,331
- Annual volatility
- 4.23%
- Max drawdown
- -5.41%
- Top countries
- United States (85.5%), Canada (3.3%), United Kingdom (1.8%)
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) currently has an AIQ Score of 62/100, indicating a neutral setup. Risk is the strongest factor at 84/100. Momentum is the weakest current factor at 44/100. Performance, momentum, risk, distribution, and exposure evidence should be read together at the latest market-close snapshot.
HYG at a Glance
Crawlable current metrics from the latest market-close ETF snapshot.
| Metric | Current |
|---|---|
| Price | $76.98 |
| AIQ Score | 62/100 |
| Overall View | Neutral |
| Technical Analysis Consensus | Sell |
| Fund Size | $16.81B |
| Expense Ratio | 0.49% |
| Holdings Count | 1,331 |
| NAV | $76.72 |
| Asset Class | Fixed Income |
| Primary Exposure | Consumer Cyclical (17.28%) |
| Issuer | IShares |
| Domicile | US |
| Inception Date | Apr 4, 2007 |
| Distribution Yield | 6.12% |
| Beta | 0.67 |
| Average Volume | 40.58M |
| 52-week range | $76.39-$81.28 |
| RSI 14 | 52.11 |
| 50-Day SMA | $78.39 |
| 200-Day SMA | $79.65 |
| Risk Score | 84/100 |
| Momentum Score | 44/100 |
| Value Exposure Score | 55/100 |
HYG Long-Horizon ETF Performance
Trailing returns, growth of $10,000, drawdown history, and calendar-year returns from available daily closes.
| Period | Total return | Annualized | Max drawdown | Start date |
|---|---|---|---|---|
| 1Y | -5.01% | -5.01% | -5.41% | Oct 20, 2025 |
| 3Y | 6.81% | 2.22% | -5.74% | Oct 20, 2023 |
| 5Y | -11.68% | -2.46% | -18.71% | Oct 25, 2021 |
| 10Y | -11.68% | -2.46% | -18.71% | Oct 25, 2021 |
Growth of $10,000
Indexed to the first available close in this history window.
Drawdown History
Peak-to-trough decline from each prior high over the available window.
Calendar-Year Returns
Full-year returns where available, with the current calendar year shown as YTD.
HYGiShares iBoxx $ High Yield Corporate Bond ETF
Financial Services / Asset Management - Bonds
Relative Leader / Watch
Strong Relative Position
Latest quote
- Momentum44
- Value55
- Quality73
- Risk resilience84
- Sentiment—
HYG ETF Analysis Summary
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) currently has an AIQ Score of 62/100, indicating a neutral setup. Risk resilience is the strongest factor at 84/100. Momentum is the weakest current factor at 44/100. Performance, exposure, distribution, momentum, and risk evidence should be read together at the latest market-close snapshot.
In a neutral regime, HYG has AIQ Score of 62/100 with Risk resilience base of 84/100 and fading Momentum at 44/100. Wait for component alignment before adding exposure.
Risk resilience (84/100) leads while Momentum (44/100) lags. This cross-factor spread creates entry timing uncertainty.
Financial Services · 0.20% ETF move · HYG classified in Asset Management - Bonds.
Current Evidence
AlgovestIQ Evidence Summary
Current consensus, supporting evidence, recent changes, and what would strengthen or weaken the view.
Is HYG Bullish or Bearish Right Now?
HYG currently has a neutral overall setup. Risk Resilience is the strongest factor at 84/100, while Momentum is weakest at 44/100. The current evidence suggests a mixed rather than strongly bullish or bearish setup.
- - Quality is supportive at 73/100.
- - Risk Resilience is supportive at 84/100.
- - Momentum is weak at 44/100.
- - Price is -3.36% below its 200-day SMA.
- - Technical consensus has more sell votes than buy votes (25 vs 7).
Current Consensus
HYG's Technical Analysis Consensus is currently Sell, with 7 buy, 13 neutral, and 25 sell votes. HYG's 14-day RSI is 52.11, which places the ETF in a neutral momentum range. HYG's beta is 0.67, indicating lower market sensitivity than the broad market.
What Changed in HYG?
The largest recent change in HYG is Momentum moving up by 19.0 points over the available 7-day comparison window. Risk Resilience remains the strongest visible factor.
What Would Change the HYG Outlook?
The current neutral outlook could improve if AIQ moves above 70, momentum recovers, risk resilience improves, and price confirms a stronger trend above the 50-day and 200-day moving averages. It would weaken if AIQ falls below 40, price loses long-term moving-average support, distribution or liquidity context deteriorates, or risk evidence worsens.
AIQ > 70, RSI above 55, price above SMA-50/SMA-200, and positive market-context evidence.
AIQ below 40, RSI below 45, loss of SMA-200, negative revisions, or rising volatility and drawdown risk.
HYG Decision Framework
Public evidence layers, setup checks, and risk context for iShares iBoxx $ High Yield Corporate Bond ETF.
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) ETF Analysis
iShares iBoxx $ High Yield Corporate Bond ETF has an AIQ Score of 62/100 in a Neutral regime. Risk is strongest at 84/100. Beta is 0.67, below market sensitivity. Review the supporting etf factors together before drawing a conclusion from any single score.
| Evidence Layer | Public Evidence |
|---|---|
| Regime Context | HYG is in a Neutral AIQ regime with score 62/100. |
| Signal Conflict | The primary conflict is that risk leads at 84/100 while momentum lags at 44/100. |
| Factor Evidence | Momentum 44/100 · Value 55/100 · Quality 73/100 · Risk 84/100 |
| Persistence | Current snapshot evidence is shown; historical persistence remains in AIQ Pro. |
Current Setup Checklist
Risk is the strongest factor at 84/100.
Momentum is 44/100 and RSI (14) is 52.1.
HYG is in a Neutral regime at 62/100.
Risk factor is 84/100 with beta 0.67 and annual volatility 4.23%.
Current conflict: risk leads at 84/100 while momentum lags at 44/100.
HYG Research Cluster
ETF-specific paths for performance, risk, distributions, market context, data, comparisons, and news.
HYG ETF Analytics
HYG holdings context, yield, risk, valuation exposure, momentum, and AIQ evidence.
HYG Technical Analysis
HYG technical setup based on RSI, MACD, moving averages, AIQ Momentum, volume, trend, volatility, and pivots.
HYG ETF Market Context
Track HYG market context, news pressure, trend changes, income events, and current allocation evidence.
HYG Distribution Analysis
HYG distribution yield, annualized distributions, payment history, and income context.
HYG ETF Data
HYG available fund data, market metrics, technical readings, risk measures, and AIQ evidence.
HYG Risk Analysis
HYG volatility, beta, drawdown, Sharpe ratio, VaR, and downside resilience.
HYG ETF News
HYG ETF news, market tone, recent headlines, and catalyst context.
HYG vs Fixed Income — Credit & Aggregate Peers
Current peer cohort: HYG · HYLB · IGIB · IGSB · ISTB. Compare AIQ, factor scores, Sharpe ratio and 1-year volatility in one indexable view.
| Peer | AIQ | Value | Momentum | Risk | Sharpe | 1Y Volatility | Compare |
|---|---|---|---|---|---|---|---|
| HYG Current ETF | 62/100 | 55/100 | 44/100 | 84/100 | -2.08 | 4.23% | Current |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 52/100 | 36/100 | 45/100 | 83/100 | -2.17 | 4.17% | HYG vs HYLB |
| IGIB iShares 5-10 Year IG Corporate Bond ETF | 58/100 | 36/100 | 57/100 | 93/100 | -2.34 | 4.69% | HYG vs IGIB |
| IGSB iShares 1-5 Year IG Corporate Bond ETF | 56/100 | 36/100 | 55/100 | 77/100 | -2.96 | 2.49% | HYG vs IGSB |
| ISTB iShares Core 1-5 Year USD Bond ETF | 52/100 | 36/100 | 54/100 | 77/100 | -3.15 | 2.32% | HYG vs ISTB |
Peer cohort is resolved dynamically from the AlgovestIQ universe taxonomy and Compare relationship graph. Data as of Oct 21, 2026.
About the AIQ Score
Methodology for the current ETF evidence.
The AlgovestIQ AIQ Score combines multiple dimensions of ETF evidence, including momentum, valuation exposure, quality, risk resilience, sentiment context, and timing signals. It is a descriptive research score, not a guarantee of future performance or a personalized recommendation.
View AIQ methodologyFactor Diagnostics
A compact bridge from the AIQ score to the evidence tabs.
Valuation exposure across the fund's holdings.
Quality context inferred from fund exposure and available evidence.
Trend, momentum, volume, and timing confirmation.
Resilience, volatility, beta, drawdown, and tail risk.
News and event pressure around the setup.
Open the return calculator with ETF context while purchase price, shares, dates and fees remain user inputs.
AIQ Component Profile
Compare the five component scores on one consistent 0–100 scale.
Review earnings timing, revisions, news pressure, and prior event reactions in one place.
Open catalystsNo quarterly financial rows in this snapshot.
Checked Oct 22, 2026
Explore factor drivers, conflicts, persistence, and scenario sensitivity in the advanced workspace.
ETF Analytics Snapshot
Current ETF evidence uses fund profile, cost, size, distribution, momentum, and risk fields.
ETF pages use fund-native profile fields for cost, size, liquidity, holdings breadth, NAV, issuer, and launch date.
Market Confirmation
Technicals are summarized first, with the indicator library behind it.
Risk Alignment
Higher resilience is stronger; exposure metrics stay separate.
Continue Researching HYG
Open the detailed evidence pages and workflows behind the stock overview read.
Premium Feature
Full AIQ Analysis
AIQ Intelligence
AIQ Pro for HYG
Scenario Analysis
AIQ Scenario Builder
Portfolio Implication
Related Links
HYG ETF FAQ
What is a high-yield bond ETF?
A high-yield bond ETF holds corporate bonds rated below investment grade. HYG holds 1,331 of them, paying more interest than safer bonds in return for higher default risk.
What is HYG's expense ratio?
HYG's expense ratio is 0.49% a year.