High Yield Etf Profile

HYG -  USA Etf  

USD 87.22  0.15  0.17%

High Yield is trading at 87.22 as of the 16th of October 2021, a -0.17 percent decrease since the beginning of the trading day. The etf's lowest day price was 87.17. High Yield has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for High Yield Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2019 and ending today, the 16th of October 2021. Click here to learn more.
 Market Performance
0 of 100
  Odds Of Distress
Less than 1
The investment seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index . High Yield is traded on NYSEArca Exchange in the United States.. More on High Yield Corp

High Yield 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. High Yield's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding High Yield or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
High Yield Corp is unlikely to experience financial distress in the next 2 years
On 1st of October 2021 High Yield paid $ 0.2895 per share dividend to its current shareholders
The fund retains about 98.01% of its assets under management (AUM) in fixed income securities
Legal NameHigh Yield Corp
Macroaxis Advice
Unlike general analyst consensus, Macroaxis 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 High Yield's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
IssueriShares
DescriptioniShares iBoxx $ High Yield Corporate Bond ETF
Inception Date2007-04-04
BenchmarkiBoxx $ Liquid High Yield Index
Entity TypeRegulated Investment Company
Asset Under Management19.02 Billion
Average Trading Valume26.67 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 Constituents1,332
Market MakerJane Street
Total Expense0.49
Management Fee0.49
Nav Price87.73
Two Hundred Day Average87.46
Ytd2.60%
Average Daily Volume In Three Month21.24M
Fifty Two Week Low83.27
As Of Date30th of June 2021
Average Daily Volume Last 10 Day26.43M
Fifty Two Week High88.16
One Month1.32%
Fifty Day Average87.64
Forward Price Earnings1,456.17
High Yield Corp [HYG] is traded in USA and was established 2007-04-04. The fund is classified under High Yield Bond category within iShares family. High Yield Corp currently have 20.37 B in assets under management (AUM). , while the total return for the last 3 years was 6.36%.
Check High Yield Probability Of Bankruptcy

Geographic Allocation (%)

High Yield Target Price Odds Analysis

What are High Yield's target price odds to finish over the current price? Based on a normal probability distribution, the odds of High Yield jumping above the current price in 90 days from now is about 46.95%. The High Yield Corp probability density function shows the probability of High Yield etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon High Yield Corp has a beta of -1.8177. This usually indicates as returns on its benchmark rise, returns on holding High Yield Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, High Yield is expected to outperform its benchmark. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. High Yield Corp is significantly underperforming DOW.
 Odds Down 87.22HorizonTargetOdds Up 87.22 
52.88%90 days
 87.22 
46.95%
Based on a normal probability distribution, the odds of High Yield to move above the current price in 90 days from now is about 46.95 (This High Yield Corp probability density function shows the probability of High Yield Etf to fall within a particular range of prices over 90 days) .

High Yield Top Holders

High Yield Major Institutional Holders

Institutional Holdings refers to the ownership stake in High Yield that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of High Yield's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing High Yield's value.
InstituionSecurity TypeTotal SharesValue
Envestnet Asset Management IncFund Units4.8 M423.6 M
View High Yield Diagnostics

High Yield Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. High Yield market risk premium is the additional return an investor will receive from holding High Yield 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 High Yield. 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 High Yield's alpha and beta are two of the key measurements used to evaluate High Yield's performance over the market, the standard measures of volatility play an important role as well.

High Yield Corp Technical Analysis

High Yield Against Markets

Picking the right benchmark for High Yield 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 High Yield 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 High Yield is critical whether you are bullish or bearish towards High Yield Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in High Yield without increasing your portfolio risk or giving up 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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Please check Risk vs Return Analysis. Note that the High Yield Corp information on this page should be used as a complementary analysis to other High Yield's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

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When running High Yield Corp price analysis, check to measure High Yield'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 High Yield is operating at the current time. Most of High Yield's value examination focuses on studying past and present price action to predict the probability of High Yield's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move High Yield's price. Additionally, you may evaluate how the addition of High Yield to your portfolios can decrease your overall portfolio volatility.
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The market value of High Yield Corp is measured differently than its book value, which is the value of High Yield that is recorded on the company's balance sheet. Investors also form their own opinion of High Yield's value that differs from its market value or its book value, called intrinsic value, which is High Yield'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 High Yield's market value can be influenced by many factors that don't directly affect High Yield Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between High Yield's value and its price as these two are different measures arrived at by different means. Investors typically determine High Yield value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Yield'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.