USHY
iShares Broad USD High Yield Corporate Bond ETF·Financial Services
36.98
0.377%(−0.14)
Market ClosedLast Updated: — ET
52W L: $35.7852W H: $37.87
iShares Broad USD High Yield Corporate Bond ETF·Financial Services
Market Peers
High-yield bonds pay more than Treasuries for a reason: the companies issuing them carry real default risk.
iShares Broad USD High Yield Corporate Bond ETF offers a ~7% yield, but only 1–2% is true compensation for credit risk. USHY's current ~300 bps spread reflects a benign credit environment, leaving little upside and exposing investors to open-ended downside if spreads widen. Spread volatility poses significant risk: a 100–200 bps widening could erase a full year's expected return, while upside is capped with limited tightening potential.
Another blockbuster year for bond ETFs is in the books. After two straight years of record net inflows, taxable fixed income ETF assets have nearly doubled since 2020 – crossing the $2 trillion mark.