iShares iBoxx $ High Yield Corporate Bond ETF(HYG)
AI Look-Through Summary
AI GeneratedThe iShares iBoxx $ High Yield Corporate Bond ETF maintains a substantial asset base of approximately $16.4 billion, indicating significant market liquidity and investor participation in the high-yield fixed income sector. The fund's portfolio structure is characterized by a pronounced concentration risk within its top holdings, where a single security accounts for nearly 15.8% of total assets under management. This heavy weighting suggests that the ETF's performance will be disproportionately influenced by the credit events and price movements of this specific issuer relative to the broader basket of high-yield bonds it tracks. The remaining exposure is distributed across numerous smaller positions, with subsequent top holdings contributing marginal weights ranging from 1.2% down to single-digit tenths of a percent, reflecting a strategy that prioritizes scale in select names over broad diversification among the largest constituents.
Geographic and sector-specific tilts cannot be definitively determined from the provided holding data alone, as the list lacks explicit country or industry classifications for each ticker symbol. Consequently, any assertion regarding regional exposure would require external mapping of these specific CUSIPs to their underlying issuers, which falls outside the scope of the immediate dataset. The quantitative profile presented highlights a portfolio heavily skewed toward its leading position, implying that volatility in that single name could materially impact the fund's overall yield and total return trajectory more than in a more evenly weighted peer group. Investors analyzing this instrument must weigh the potential for enhanced income generation from concentrated positions against the heightened sensitivity to idiosyncratic credit deterioration associated with such a dominant top holding.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-20 19:00:08.52884+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 95/100The investment theme implied by the iShares iBoxx $ High Yield Corporate Bond ETF is strictly focused on high-yield corporate debt, and the provided data confirms a near-perfect alignment with this mandate. The top holdings list consists entirely of generic CUSIP identifiers without specific issuer names or sectors listed in the input; however, given the fund's explicit name referencing "High Yield Corporate Bond," it can be inferred that these positions represent bonds issued by companies within the high-yield universe rather than unrelated asset classes like equities or government securities. There are no obvious holdings suggesting a drift into broad market indices or thematic areas outside of credit risk exposure, indicating that the fund maintains its intended focus on lower-rated corporate obligations without dilution from off-theme assets.
Regarding concentration and sector coherence, the top-10 concentration metric of 20.0% suggests a diversified portfolio structure typical for bond funds aiming to mitigate idiosyncratic issuer risk while capturing yield. While specific sector weights are not provided in the data, the low concentration level implies that no single entity or narrow sub-sector dominates the fund's performance, which supports stability within the high-yield asset class. The absence of mega-cap stock names or technology-heavy issuers further reinforces that this vehicle operates distinctly from equity-focused thematic funds. Consequently, the fund appears to function as a specialized instrument for credit exposure rather than an attempt to mimic broader market returns through large-cap weighting strategies.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-22 06:27:42.810955+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share HYG's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 68% of HYG's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| IVViShares Core S&P 500 ETF | $762B | 0.03% | 2 | 17.1% |
| LQDiShares iBoxx $ Investment Grade Corporate Bond ETF | $29B | — | 2 | 17.1% |
| EFAiShares MSCI EAFE ETF | $71B | — | 2 | 17.1% |
| ITOTiShares Core S&P Total U.S. Stock Market ETF | $80B | — | 2 | 17.1% |
| URTHiShares MSCI World ETF | $7B | — | 2 | 17.1% |
17% of HYG's portfolio by weight is also held by IVV, which commands 47× more assets under management. When IVV receives inflows, it mechanically buys these shared stocks — dragging HYG's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 86% ofHYG's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Concentration Risk Monitor
HIGH066922519 at 15.8% contributes an estimated 95% of portfolio variance.HYG holds 50 stocks but behaves like an 38-stock portfolio due to weight concentration in the top holdings.
Effective # of Stocks = 1 / HHI (Herfindahl-Hirschman Index). Variance share approximated as w² / Σw². Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | 066922519 | BlackRock Funds III | 15.84% | — | — |
| 2 | 066922477 | BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | 1.24% | — | — |
| 3 | 68288AAA5 | 1261229 BC LTD | 0.52% | — | — |
| 4 | 74843PAA8 | QUIKRETE HOLDINGS INC | 0.39% | — | — |
| 5 | 045941AA9 | ASURION LLC/ASURION CO | 0.35% | — | — |
| 6 | 88632QAE3 | CLOUD SOFTWARE GRP INC | 0.35% | — | — |
| 7 | 18912UAA0 | CLOUD SOFTWARE GRP INC | 0.35% | — | — |
| 8 | 25470MAG4 | DISH NETWORK CORP | 0.34% | — | — |
| 9 | 278768AC0 | ECHOSTAR CORP | 0.32% | — | — |
| 10 | 982911AA7 | WULF COMPUTE LLC | 0.31% | — | — |
| 11 | 44332PAH4 | HUB INTERNATIONAL LTD | 0.30% | — | — |
| 12 | 69867RAA5 | PANTHER ESCROW ISSUER | 0.29% | — | — |
| 13 | 92332YAC5 | VENTURE GLOBAL LNG INC | 0.27% | — | — |
| 14 | 29103CAA6 | EMRLD BOR / EMRLD CO-ISS | 0.27% | — | — |
| 15 | 893647BU0 | TRANSDIGM INC | 0.26% | — | — |
Historical Holdings Snapshots
Browse how HYG’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 21.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 15.84% | 2,651,207,481 | $2.7B |
| 2 | 066922477 | 1.24% | 207,610,000 | $207.6M |
| 3 | 68288AAA5 | 0.52% | — | $87.5M |
| 4 | 74843PAA8 | 0.39% | — | $64.5M |
| 5 | 045941AA9 | 0.35% | — | $58.4M |
| 6 | 88632QAE3 | 0.35% | — | $58.0M |
| 7 | 18912UAA0 | 0.35% | — | $57.8M |
| 8 | 25470MAG4 | 0.34% | — | $56.6M |
| 9 | 278768AC0 | 0.32% | — | $53.7M |
| 10 | 982911AA7 | 0.31% | — | $51.7M |
| 11 | 44332PAH4 | 0.30% | — | $50.3M |
| 12 | 69867RAA5 | 0.29% | — | $47.8M |
| 13 | 92332YAC5 | 0.27% | — | $45.9M |
| 14 | 29103CAA6 | 0.27% | — | $45.0M |
| 15 | 893647BU0 | 0.26% | — | $43.3M |
2026-05-23
15 holdings · 21.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 15.84% | 2,651,207,481 | $2.7B |
| 2 | 066922477 | 1.24% | 207,610,000 | $207.6M |
| 3 | 68288AAA5 | 0.52% | — | $87.5M |
| 4 | 74843PAA8 | 0.39% | — | $64.5M |
| 5 | 045941AA9 | 0.35% | — | $58.4M |
| 6 | 88632QAE3 | 0.35% | — | $58.0M |
| 7 | 18912UAA0 | 0.35% | — | $57.8M |
| 8 | 25470MAG4 | 0.34% | — | $56.6M |
| 9 | 278768AC0 | 0.32% | — | $53.7M |
| 10 | 982911AA7 | 0.31% | — | $51.7M |
| 11 | 44332PAH4 | 0.30% | — | $50.3M |
| 12 | 69867RAA5 | 0.29% | — | $47.8M |
| 13 | 92332YAC5 | 0.27% | — | $45.9M |
| 14 | 29103CAA6 | 0.27% | — | $45.0M |
| 15 | 893647BU0 | 0.26% | — | $43.3M |
2026-05-22
15 holdings · 21.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 15.84% | 2,651,207,481 | $2.7B |
| 2 | 066922477 | 1.24% | 207,610,000 | $207.6M |
| 3 | 68288AAA5 | 0.52% | — | $87.5M |
| 4 | 74843PAA8 | 0.39% | — | $64.5M |
| 5 | 045941AA9 | 0.35% | — | $58.4M |
| 6 | 88632QAE3 | 0.35% | — | $58.0M |
| 7 | 18912UAA0 | 0.35% | — | $57.8M |
| 8 | 25470MAG4 | 0.34% | — | $56.6M |
| 9 | 278768AC0 | 0.32% | — | $53.7M |
| 10 | 982911AA7 | 0.31% | — | $51.7M |
| 11 | 44332PAH4 | 0.30% | — | $50.3M |
| 12 | 69867RAA5 | 0.29% | — | $47.8M |
| 13 | 92332YAC5 | 0.27% | — | $45.9M |
| 14 | 29103CAA6 | 0.27% | — | $45.0M |
| 15 | 893647BU0 | 0.26% | — | $43.3M |
2026-05-21
15 holdings · 21.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 15.84% | 2,651,207,481 | $2.7B |
| 2 | 066922477 | 1.24% | 207,610,000 | $207.6M |
| 3 | 68288AAA5 | 0.52% | — | $87.5M |
| 4 | 74843PAA8 | 0.39% | — | $64.5M |
| 5 | 045941AA9 | 0.35% | — | $58.4M |
| 6 | 88632QAE3 | 0.35% | — | $58.0M |
| 7 | 18912UAA0 | 0.35% | — | $57.8M |
| 8 | 25470MAG4 | 0.34% | — | $56.6M |
| 9 | 278768AC0 | 0.32% | — | $53.7M |
| 10 | 982911AA7 | 0.31% | — | $51.7M |
| 11 | 44332PAH4 | 0.30% | — | $50.3M |
| 12 | 69867RAA5 | 0.29% | — | $47.8M |
| 13 | 92332YAC5 | 0.27% | — | $45.9M |
| 14 | 29103CAA6 | 0.27% | — | $45.0M |
| 15 | 893647BU0 | 0.26% | — | $43.3M |
2026-05-20
15 holdings · 21.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 15.84% | 2,651,207,481 | $2.7B |
| 2 | 066922477 | 1.24% | 207,610,000 | $207.6M |
| 3 | 68288AAA5 | 0.52% | — | $87.5M |
| 4 | 74843PAA8 | 0.39% | — | $64.5M |
| 5 | 045941AA9 | 0.35% | — | $58.4M |
| 6 | 88632QAE3 | 0.35% | — | $58.0M |
| 7 | 18912UAA0 | 0.35% | — | $57.8M |
| 8 | 25470MAG4 | 0.34% | — | $56.6M |
| 9 | 278768AC0 | 0.32% | — | $53.7M |
| 10 | 982911AA7 | 0.31% | — | $51.7M |
| 11 | 44332PAH4 | 0.30% | — | $50.3M |
| 12 | 69867RAA5 | 0.29% | — | $47.8M |
| 13 | 92332YAC5 | 0.27% | — | $45.9M |
| 14 | 29103CAA6 | 0.27% | — | $45.0M |
| 15 | 893647BU0 | 0.26% | — | $43.3M |
2026-05-19
15 holdings · 21.4% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | 066922519 | 15.84% | 2,651,207,481 | $2.7B |
| 2 | 066922477 | 1.24% | 207,610,000 | $207.6M |
| 3 | 68288AAA5 | 0.52% | — | $87.5M |
| 4 | 74843PAA8 | 0.39% | — | $64.5M |
| 5 | 045941AA9 | 0.35% | — | $58.4M |
| 6 | 88632QAE3 | 0.35% | — | $58.0M |
| 7 | 18912UAA0 | 0.35% | — | $57.8M |
| 8 | 25470MAG4 | 0.34% | — | $56.6M |
| 9 | 278768AC0 | 0.32% | — | $53.7M |
| 10 | 982911AA7 | 0.31% | — | $51.7M |
| 11 | 44332PAH4 | 0.30% | — | $50.3M |
| 12 | 69867RAA5 | 0.29% | — | $47.8M |
| 13 | 92332YAC5 | 0.27% | — | $45.9M |
| 14 | 29103CAA6 | 0.27% | — | $45.0M |
| 15 | 893647BU0 | 0.26% | — | $43.3M |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this ETF's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Price Chart with Moving Averages
Technical Setup
AI GeneratedThe current trading price of $79.90 for the iShares iBoxx $ High Yield Corporate Bond ETF sits within a context that requires careful examination against its moving averages to determine the prevailing trend direction. Without specific average data points, one cannot definitively state whether the asset is technically in an uptrend or downtrend based solely on price position relative to these indicators; however, any analysis of momentum would hinge entirely on this relationship. If the price were trading above key moving averages, it might signal sustained upward pressure, whereas a position below them could indicate lingering weakness or consolidation after recent declines. Regarding short-term momentum, the Relative Strength Index (RSI) serves as a critical gauge for potential overbought or oversold conditions within the high yield sector. Although specific RSI values are not provided in this dataset, the interpretation of such an indicator would reveal whether buying pressure is intensifying to unsustainable levels or if selling force has exhausted itself. In the absence of concrete numerical thresholds from recent sessions, any assessment of immediate momentum remains speculative without further data integration. Ultimately, the technical picture for HYG at $79.90 relies on the interplay between current pricing and historical moving averages alongside unstated RSI readings to form a complete narrative. Market participants must evaluate whether the asset is finding support above established trends or struggling beneath them before drawing conclusions about future price behavior. The available information highlights the necessity of aligning short-term momentum signals with longer-term trend structures to fully
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How HYG’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
AUM & Capital Flow Tracker
Estimated assets under management derived from SEC filings and daily price movements — tracks how the fund's value evolves over time.
Estimated AUM derived from the latest SEC N-PORT filing TNA ($22.12B) scaled by daily price changes. Filing snapshots update when new regulatory filings are published (quarterly for most funds, daily for ARK).
HYG Rate Shock Simulator
What happens to iShares iBoxx $ High Yield Corporate Bond ETF if the Fed changes rates? This simulator estimates price impact based on the fund's effective duration of 3.7 years, computed from 90-day regression of HYG's returns against treasury yield changes.
| Rate Change | Price Impact | Est. Price | Visual |
|---|---|---|---|
| -2.00% | +7.5% | $85.89 | |
| -1.50% | +5.6% | $84.39 | |
| -1.00% | +3.7% | $82.90 | |
| -0.50% | +1.9% | $81.40 | |
| -0.25% | +0.9% | $80.65 | |
| +0.00%(current) | 0.0% | $79.90 | |
| +0.25% | -0.9% | $79.15 | |
| +0.50% | -1.9% | $78.40 | |
| +1.00% | -3.7% | $76.90 | |
| +1.50% | -5.6% | $75.41 | |
| +2.00% | -7.5% | $73.91 |
Price impact estimated using modified duration approximation: ΔPrice ≈ −Duration × ΔYield. Actual impact may differ due to convexity, credit spread changes, and market conditions. Duration computed from price-yield sensitivity analysis. Not investment advice.
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Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.