High yield credit showing signs of correctionLooks like we head to 84, previous low, This corresponded to the low in SPX too.
Key stats
About ISHARES TRUST IBOXX USD HIGH YLD CP BD
Expense ratio
0.49%
Home page
Inception date
Apr 4, 2007
HYG was the first mover in the high-yield corporate bond market. For many years its been one of the largest and most liquid junk bond ETFs, along with archrival JNK. Its core exposure through the iBoxx index it tracks is solid, covering the most liquid corner of the junk bond market. HYG replicates much of the overall junk bond market, but often with shorter maturity, less interest-rate sensitivity, and also less yield. HYG tends to tracking its index more closely than most. However, direct comparisons are difficult, as HYGs underlying index factors in transaction costs, while others, following industry convention, do not. In sum, HYG is an anchor tenant in the ETF bond market.
Classification
What's in the fund
Exposure type
Corporate
Mutual fund
Stocks0.17%
Communications0.17%
Bonds, Cash & Other99.83%
Corporate84.00%
Mutual fund15.67%
Miscellaneous0.10%
Loans0.06%
Cash0.00%
Displays a symbol's price movements over previous years to identify recurring trends.