iShares iBoxx $ High Yield Corporate Bond ETF

10-Year Study

HYG.US · · US · ETF

Executive Summary: iShares iBoxx $ High Yield Corporate Bond ETF has compounded at 4.9% annually over the last 10 years, with a maximum drawdown of 15.2% and an annualized volatility of 7.3%.

1Y CAGR
+6.0%
3Y CAGR
+8.7%
5Y CAGR
+3.7%
10Y CAGR
+4.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
15.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.13
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.14
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
7.4%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +14.1%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -11.0%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.6-0.5-1.41.5————————0.1%
20251.41.0-1.10.11.81.80.11.10.9-0.00.70.58.6%
20240.10.31.1-1.31.60.52.41.51.7-1.01.6-0.88.0%
20233.7-1.92.00.2-1.21.81.10.2-1.6-1.04.93.211.5%
2022-2.7-0.9-1.3-4.21.6-7.06.7-4.3-3.73.43.4-1.8-11.0%
2021-0.4-0.21.20.60.01.30.10.6-0.4-0.3-1.22.33.8%
2020-0.5-1.3-10.04.92.9-0.65.1-0.0-0.90.43.42.04.5%
20194.91.21.31.0-1.93.20.20.70.4-0.00.61.914.1%
20180.0-0.9-0.20.50.10.11.70.70.5-2.0-0.4-2.1-2.0%
20170.91.5-0.10.81.00.11.00.10.60.1-0.40.26.1%
2016———3.10.21.81.32.01.1-1.00.01.810.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 7.3%. The dominant macroeconomic risk driver is HYG.US, accounting for 100.0% of variance. Idiosyncratic stock-specific factors contribute 0.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110312.301855305579
2016-05-0110329.836692628138
2016-06-0110515.016140724812
2016-07-0110653.043605773897
2016-08-0110862.676819936427
2016-09-0110979.84423116244
2016-10-0110871.888289248396
2016-11-0110873.891680556157
2016-12-0111073.755780403528
2017-01-0111174.83410061155
2017-02-0111346.031116591177
2017-03-0111329.756143905455
2017-04-0111422.11867924879
2017-05-0111539.864388996632
2017-06-0111555.189299825064
2017-07-0111672.996970128816
2017-08-0111680.61811850576
2017-09-0111750.819428351911
2017-10-0111760.79507785344
2017-11-0111717.484649272274
2017-12-0111746.275654251835
2018-01-0111751.666222616015
2018-02-0111649.782415181162
2018-03-0111622.808919841627
2018-04-0111678.986490533458
2018-05-0111684.831436307646
2018-06-0111696.438713781474
2018-07-0111892.667794348783
2018-08-0111976.830882793345
2018-09-0112040.030649821656
2018-10-0111802.040154570932
2018-11-0111754.950132079251
2018-12-0111509.462409563404
2019-01-0112078.570115597744
2019-02-0112225.21009791833
2019-03-0112382.982326784102
2019-04-0112505.06527544565
2019-05-0112263.315839803046
2019-06-0112650.156243868487
2019-07-0112669.942314722446
2019-08-0112757.348005592972
2019-09-0112813.752764989807
2019-10-0112812.286365166601
2019-11-0112885.06936484234
2019-12-0113131.341921066381
2020-01-0113070.124891827196
2020-02-0112901.55087271443
2020-03-0111607.773158274109
2020-04-0112174.712244851593
2020-05-0112533.422556533842
2020-06-0112460.226486485368
2020-07-0113090.840371019807
2020-08-0113087.845610817485
2020-09-0112965.865929749121
2020-10-0113018.243253011799
2020-11-0113454.507527174866
2020-12-0113718.025771460554
2021-01-0113666.164786163794
2021-02-0113632.768046528248
2021-03-0113798.471226550508
2021-04-0113886.372601868316
2021-05-0113891.783823751131
2021-06-0114075.806674804153
2021-07-0114090.491326554848
2021-08-0114176.244735934439
2021-09-0114123.784798597211
2021-10-0114079.978685568769
2021-11-0113915.390795552885
2021-12-0114233.186486815828
2022-01-0113855.330363357352
2022-02-0113736.366096009946
2022-03-0113559.633937035682
2022-04-0112992.73615749547
2022-05-0113204.496684077583
2022-06-0112273.580638565489
2022-07-0113095.817869011255
2022-08-0112531.501779300628
2022-09-0112062.790827359302
2022-10-0112468.797696719601
2022-11-0112896.635335278894
2022-12-0112670.148849908815
2023-01-0113134.749751641437
2023-02-0112887.237984299194
2023-03-0113142.887237984298
2023-04-0113169.406355913825
2023-05-0113007.193620541162
2023-06-0113238.760871495871
2023-07-0113386.412876229659
2023-08-0113410.969909888698
2023-09-0113194.521034576055
2023-10-0113056.927293418341
2023-11-0113694.997098180631
2023-12-0114132.108166607804
2024-01-0114148.527713923982
2024-02-0114191.44572565105
2024-03-0114346.16123375859
2024-04-0114152.98887394951
2024-05-0114384.205015087397
2024-06-0114453.167113815347
2024-07-0114793.124030575469
2024-08-0115022.026977626045
2024-09-0115277.490349643416
2024-10-0115130.33402935691
2024-11-0115379.085007817355
2024-12-0115259.211985649934
2025-01-0115466.800501467433
2025-02-0115616.889621400347
2025-03-0115447.386193948932
2025-04-0115465.581943867868
2025-05-0115736.783297086406
2025-06-0116026.035825593428
2025-07-0116047.887248311059
2025-08-0116225.362933956243
2025-09-0116369.627761633612
2025-10-0116367.872212549488
2025-11-0116489.975814729674
2025-12-0116571.082182416005
2026-01-0116671.788739288568
2026-02-0116590.207340673594
2026-03-0116352.629915795604
2026-04-0116595.10222459049
Annual Return Matrix
YearAnnual Return
20170.060730964921442476
2018-0.020160708948006922
20190.1409170518820524
20200.044678133729269875
20210.0375535608357751
2022-0.10981642363464084
20230.11538612008567761
20240.07975482537738565
20250.0859723423463663
20260.0014495156025460254
Total Factor Risk
0.07348355522356334
VTI.US Exposure
9.42604221923999e-16
VEA.US Exposure
8.44231509009046e-16
VWO.US Exposure
5.2317274486479624e-18
QQQ.US Exposure
-6.307251281676599e-16
VTV.US Exposure
-4.083482834058881e-16
IJR.US Exposure
-8.997282024198261e-16
QUAL.US Exposure
4.292800455635062e-16
SHV.US Exposure
-1.2023761281673555e-18
TLT.US Exposure
1.749894597932809e-16
LQD.US Exposure
-4.78160387387301e-16
HYG.US Exposure
0.999998148090838
GLD.US Exposure
8.0424751611775e-18
USO.US Exposure
5.358680026645666e-18
VNQ.US Exposure
3.7814450780035326e-16
BTC-USD.CC Exposure
8.160357594060463e-18
CPER.US Exposure
7.846535064622853e-17
VIX.INDX Exposure
-2.9153837395550196e-16
UUP.US Exposure
-2.192013705518778e-16
TIP.US Exposure
-1.474597609938349e-17
Idiosyncratic Exposure
0.0000018519091621663986
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
7.3%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$161
Avg Yield on Cost
1.61%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$160.571.61%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.2%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.8% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.64
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares iBoxx $ High Yield Corporate Bond ETF a high-risk investment?

iShares iBoxx $ High Yield Corporate Bond ETF (HYG.US) has an annualized volatility of 7.3% and experienced a maximum drawdown of 15.2% over the last 10 years. Its primary macro risk driver is HYG.US.

What is the 10-year return of HYG.US?

Over the past 10 years, HYG.US has generated a Compound Annual Growth Rate (CAGR) of 4.9%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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