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ETFs

iShares 0-5 Year High Yield Corporate Bond ETF

SHYG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 15 2013
Expense Ratio
0.30%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$39,936,335
AUM
$5,169,390,376
Associated Index
Markit iBoxx USD Liquid High Yield 0-5 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

XTSLA
BLK CSH FND TREASURY SL AGENCY
1.17%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.71%
DISH5500551
DISH NETWORK CORP 144A
0.61%
ERI5004410
CAESARS ENTERTAINMENT INC 144A
0.56%
T5226549
DIRECTV FINANCING LLC 144A
0.53%
CHTR4445834
CCO HOLDINGS LLC 144A
0.51%
TFAB
Teva Pharma Fin 3.15 % Notes 2016-01.10.26 Gtd Global
0.50%
AAL5147590
AADVANTAGE LOYALTY IP LTD 144A
0.48%
BWY5534383
MAUSER PACKAGING SOLUTIONS HOLDING 144A
0.44%
UNIT5536194
UNITI GROUP LP 144A
0.42%
Invest with SHYG

What is SHYG?

The iShares 0-5 Year High Yield Corporate Bond ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the short term U.S. high yield corporate bonds market as defined by the iShares 0-5 Year High Yield Corporate Bond ETF.

ETFs related toSHYG

ETFs correlated to SHYG include SJNK, USHY, HYLB

SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
SJNK
SPDR Series Trust - SPDR Bloomberg Short Term High Yield Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad 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
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares

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.

Automated Strategies
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Create your own algorithmic trading strategy with SHYG using Composer

FAQ

SHYG is a US Bonds ETF. The iShares 0-5 Year High Yield Corporate Bond ETF seeks investment results that correspond generally to the price and yield performance before fees and expenses of the short term U.S. high yield corporate bonds market as defined by the iShares 0-5 Year High Yield Corporate Bond ETF.

SHYG tracks the Markit iBoxx USD Liquid High Yield 0-5 Index.

No, SHYG 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, SHYG 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 SHYG is 0.0028%. This is the percent change in the value of SHYG over the most recent 1-month period. The 3-month return on SHYG is 0.0157%. This is the percent change in the value of SHYG over the most recent 3-month period.

The standard deviation of SHYG for the past year is 0.0739%. 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 SHYG include IGSB, SPIB, and VCIT.

ETFs correlated to SHYG include SJNK, USHY, and HYLB.

ETFs that are inversely correlated to SHYG include SJB, HIBS, and SPXU.

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.