HYG correlations (iShares iBoxx High Yield Corporate Bond ETF)
Which assets move with HYG and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Bonds
Volatility (ann.)
4.7%
3y weekly
Beta vs S&P 500
0.22
3y weekly
1-year return
+4.6%
price, adjusted
5-year return
+19.9%
price, adjusted
Expense ratio
0.49%
annual
Assets
$17.1B
under management
Dividend yield
5.94%
trailing
Max drawdown
-4.6%
3y, daily closes
HYG over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with HYG
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FLC | Flaherty & Crumrine Total Return Fund Inc | 0.81 | |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.77 | |
| GDV | Gabelli Dividend & Income Trust | 0.76 | |
| JRS | Nuveen Real Estate Income Fund | 0.75 | |
| GGZ | Gabelli Global Small and Mid Cap Value Trust (The) | 0.75 | |
| MDY | SPDR S&P MidCap 400 ETF | 0.75 | |
| VT | Vanguard Total World Stock ETF | 0.74 | |
| IWM | iShares Russell 2000 ETF | 0.74 | |
| BN | Brookfield Corporation Class A Limited Voting Shares | 0.74 | |
| VLT | Invesco High Income Trust II | 0.74 | |
| ACWI | iShares MSCI ACWI ETF | 0.74 | |
| NLY | Annaly Capital Management Inc. | 0.73 | |
| BNT | Brookfield Wealth Solutions Ltd. Class A Exchangeable | 0.73 | |
| DSL | DoubleLine Income Solutions Fund | 0.73 | |
| NRO | Neuberger Real Estate Securities Income Fund Inc. | 0.73 |
Best diversifiers for HYG
These are the assets whose returns had the least to do with HYG's, historically the most independent picks in our universe.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.64 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.63 | |
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.49 | |
| NRT | North European Oil Royality Trust | -0.20 | |
| EQNR | Equinor ASA | -0.15 | |
| SPRB | Spruce Biosciences, Inc. | -0.14 | |
| ALMS | Alumis Inc. | -0.14 | |
| TCRT | Alaunos Therapeutics, Inc. | -0.13 | |
| INDO | Indonesia Energy Corporation Limited | -0.13 | |
| USO | United States Oil Fund | -0.13 |
HYG vs benchmarks
HYG vs its peers
Get HYG data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/hyg.jsonCorrelations, diversifiers, beta and volatility for HYG, plus one endpoint per pair. API documentation.
