IShares Etf Profile

HYG Etf  USD 76.21  0.01  0.0131%   
Market Performance
8 of 100
Odds Of Distress
Less than 19
IShares IBoxx is trading at 76.21 as of the 27th of January 2023, a 0.0131 percent increase since the beginning of the trading day. The etf's lowest day price was 76.05. IShares IBoxx has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for IShares IBoxx High are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of December 2022 and ending today, the 27th of January 2023. Click here to learn more.
The underlying index is a rules-based index consisting of U.S. dollar-denominated, high yield corporate bonds for sale in the U.S. High Yield is traded on NYSEARCA Exchange in the United States. More on IShares IBoxx High

Moving together with IShares IBoxx

+0.71SPYSPDR SP 500 Aggressive PushPairCorr
+0.94BNDVanguard Total Bond Sell-off TrendPairCorr
+0.79TATT Inc Earnings Call This WeekPairCorr

IShares IBoxx Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. IShares IBoxx's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IShares IBoxx or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of IShares IBoxx's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
IssueriShares
Inception Date2007-04-04
BenchmarkiBoxx $ Liquid High Yield Index
Entity TypeRegulated Investment Company
Asset Under Management18.6 Billion
Average Trading Valume34.58 Million
Asset TypeFixed Income
CategoryCorporate
FocusHigh Yield
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorState Street Bank and Trust Company
AdvisorBlackRock Fund Advisors
CustodianState Street Bank and Trust Company
DistributorBlackRock Investments, LLC
Portfolio ManagerJames Mauro, Scott Radell
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents1,226
Market MakerJane Street
Total Expense0.48
Management Fee0.48
Nav Price72.97
Two Hundred Day Average76.95
Ytd-13.23%
Average Daily Volume In Three Month40.43M
Trailing Annual Dividend Rate4.22
Fifty Two Week Low70.4
As Of Date25th of October 2022
Trailing Annual Dividend Yield5.61%
Average Daily Volume Last 10 Day28.98M
Fifty Two Week High87.32
One Month0.85%
Fifty Day Average73.03
IShares IBoxx High [HYG] is traded in USA and was established 2007-04-04. The fund is classified under High Yield Bond category within iShares family. IShares IBoxx High currently have 12.13 B in assets under management (AUM). , while the total return for the last 3 years was -1.37%.
Check IShares IBoxx Probability Of Bankruptcy

Geographic Allocation (%)

IShares IBoxx High Currency Exposure

IShares IBoxx High holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of IShares IBoxx will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in IShares IBoxx High.

Top IShares IBoxx High Etf Constituents

AAdvantage Loyalty IP Ltd/ American Airlines Inc0.37%
Centene Corporation0.36000002%
BlackRock Cash Funds Treasury SL Agency1.27%
TransDigm, Inc. 6.25%0.39%
Caesars Entertainment Inc New0.36000002%
Mozart Debt Merger Subordinated Inc.0.42%
CCO Holdings, LLC/ CCO Holdings Capital Corp.0.33000002%
TransDigm, Inc.0.47999998%
T-Mobile US, Inc. 7.88%0.42%
Directv Financing LLC/Directv Financing Co-Obligor Inc.0.37%

IShares IBoxx Target Price Odds Analysis

What are IShares IBoxx's target price odds to finish over the current price? Based on a normal probability distribution, the odds of IShares IBoxx jumping above the current price in 90 days from now is about 7.95%. The IShares IBoxx High probability density function shows the probability of IShares IBoxx etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon IShares IBoxx has a beta of 0.5717. This usually indicates as returns on the market go up, IShares IBoxx average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding IShares IBoxx High will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. IShares IBoxx High is significantly underperforming NYSE Composite.
  Odds Below 76.21HorizonTargetOdds Above 76.21
91.84%90 days
 76.21 
7.95%
Based on a normal probability distribution, the odds of IShares IBoxx to move above the current price in 90 days from now is about 7.95 (This IShares IBoxx High probability density function shows the probability of IShares Etf to fall within a particular range of prices over 90 days) .

IShares IBoxx Top Holders

IShares IBoxx High Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. IShares IBoxx market risk premium is the additional return an investor will receive from holding IShares IBoxx long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IShares IBoxx. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although IShares IBoxx's alpha and beta are two of the key measurements used to evaluate IShares IBoxx's performance over the market, the standard measures of volatility play an important role as well.

IShares IBoxx Against Markets

Picking the right benchmark for IShares IBoxx etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in IShares IBoxx etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for IShares IBoxx is critical whether you are bullish or bearish towards IShares IBoxx High at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares IBoxx without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in IShares IBoxx High?

The danger of trading IShares IBoxx High is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IShares IBoxx is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IShares IBoxx. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile IShares IBoxx High is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running IShares IBoxx High price analysis, check to measure IShares IBoxx's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IShares IBoxx is operating at the current time. Most of IShares IBoxx's value examination focuses on studying past and present price action to predict the probability of IShares IBoxx's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move IShares IBoxx's price. Additionally, you may evaluate how the addition of IShares IBoxx to your portfolios can decrease your overall portfolio volatility.
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The market value of IShares IBoxx High is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares IBoxx's value that differs from its market value or its book value, called intrinsic value, which is IShares IBoxx's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares IBoxx's market value can be influenced by many factors that don't directly affect IShares IBoxx's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares IBoxx's value and its price as these two are different measures arrived at by different means. Investors typically determine IShares IBoxx value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares IBoxx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.