IShares iBoxx $ High Yield Corporate Bond ETF HYG is an affordable option for exposure to U.S. high-yield corporate bonds. But the inherent illiquidity in this market limits its breadth and hampers the advantages of a market-value-weighted portfolio. The fund earns a Morningstar Analyst Rating of Neutral.
Morningstar’s Analysis HYG
Will HYG outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HYG’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HYG management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of HYG’s parent organization’s priorities and whether they’re in line with investors’ interests.