(HYG) High Yield Corporate Bond - Overview
Etf: High-Yield Bonds, U.S. Dollar, Corporate Debt
Dividends
| Dividend Yield | 6.26% |
| Yield on Cost 5y | 6.93% |
| Yield CAGR 5y | 7.14% |
| Payout Consistency | 93.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 3.07% |
| Relative Tail Risk | -0.55% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.63 |
| Alpha | 0.58 |
| Character TTM | |
|---|---|
| Beta | 0.237 |
| Beta Downside | 0.233 |
| Drawdowns 3y | |
|---|---|
| Max DD | 4.56% |
| CAGR/Max DD | 1.97 |
Description: HYG High Yield Corporate Bond December 19, 2025
The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) tracks a rules-based index of U.S.-dollar-denominated high-yield corporate bonds listed in the United States. The fund is required to hold at least 80 % of its assets in the index’s component securities and at least 90 % in fixed-income securities that match the index’s composition, aiming to closely replicate the index’s performance.
Key market data (as of Q3 2024) shows HYG’s weighted-average coupon around 5.8 %, a duration of roughly 3.5 years, and an average credit rating near BB-. The fund’s performance is highly sensitive to the U.S. economic cycle: tightening monetary policy and rising default rates in energy-related issuers have historically pressured high-yield spreads, while a softening labor market can improve credit conditions and support price appreciation.
For a deeper quantitative breakdown, you might explore ValueRay’s interactive dashboard for high-yield bond analytics.
What is the price of HYG shares?
Over the past week, the price has changed by +0.05%, over one month by +0.33%, over three months by +1.70% and over the past year by +7.71%.
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 | - | - |
| ValueRay Target Price | 91 | 12.6% |
HYG Fundamental Data Overview February 07, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 17.90b USD (17.90b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 17.90b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 17.90b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.79% (E(17.90b)/V(17.90b) * Re(6.79%) + (debt-free company))
Discount Rate = 6.79% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)