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ETFs

iShares Inflation Hedged High Yield Bond ETF

HYGI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 22, 2022
Expense Ratio
0.52%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$6,785
AUM
$2,504,610
Associated Index
BlackRock Inflation Hedged High Yield Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
95.80%
n/a
Derivatives offset
84.00%
XTSLA
BLK CSH FND TREASURY SL AGENCY
2.41%
n/a
CASH COLLATERAL USD XBNPU
1.93%
n/a
USD CASH
0.34%
n/a
SWP: IFS 2.344700 12-JUL-2024 USC
0.02%
n/a
SWP: IFS 4.056000 24-JUN-2024
-0.01%
n/a
SWP: IFS 4.047000 24-JUN-2024
-0.01%
n/a
DERIV USD BALANCE WITH R93533 LCH
-0.48%
Invest with HYGI

What is HYGI?

The iShares Inflation Hedged High Yield Bond ETF (the "Fund") seeks to track the investment results of an index designed to mitigate the inflation risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds. Holds shares of the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and positions in inflation swaps.

ETFs related toHYGI

ETFs correlated to HYGI include UJB, HYG, HYLB

HYGI
BlackRock Institutional Trust Company N.A. - iShares Inflation Hedged High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYS
Pimco Exchange Traded Fund - PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Create your own algorithmic trading strategy with HYGI using Composer

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FAQ

HYGI is a US Bonds ETF. The iShares Inflation Hedged High Yield Bond ETF (the "Fund") seeks to track the investment results of an index designed to mitigate the inflation risk of a portfolio composed of U.S. dollar-denominated, high yield corporate bonds. Holds shares of the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and positions in inflation swaps.

HYGI tracks the BlackRock Inflation Hedged High Yield Bond Index.

No, HYGI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HYGI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HYGI is 0.0032%. This is the percent change in the value of HYGI over the most recent 1-month period. The 3-month return on HYGI is 0.0191%. This is the percent change in the value of HYGI over the most recent 3-month period.

The standard deviation of HYGI for the past year is 0.1006%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HYGI include IGSB, SPIB, and VCIT.

ETFs correlated to HYGI include UJB, HYG, and HYLB.

ETFs that are inversely correlated to HYGI include SJB, SPXU, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.