iShares BB Rated Corporate Bond ETF
$45.58−0.33 (−0.73%)
- Expense ratio
- 0.25%
- Fund size
- $307M
- 1Y return
- +2.7%
- Yield · Last 12 months
- 6.01%
- Holdings
- 1076
- Volume · 30D
- 0.1M sh
- NAV per share
- $45.89
- 52W range
The ETF.net HYBB Grade
Score 74 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 79Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 97Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 53Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 49Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 81Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 67Category rank
Our read on HYBB
AMost high-yield funds buy the whole junk pile, CCCs included. HYBB takes only the top rung: BB-rated corporate bonds, the tier sitting just below investment grade, for less than the typical high-yield ETF charges.
The fund is designed to follow an index composed of BB-rated corporate bonds denominated in U.S. dollars.
Why people hold it
- Follows the ICE BofA BB US High Yield Constrained Index, so credit quality stays pinned to the BB rung rather than drifting down into deeper junk.ishares.com
- Charges 0.25% a year, under the median for high-yield bond ETFs, and has tracked its index closely since launching in 2020.
- Spreads the money across roughly 1,100 bonds and pays monthly, so no single issuer carries much weight in the portfolio.
- One of the stronger builds in a crowded high-yield field: single-slice mandate, index-faithful, no leverage or derivative wrappers bolted on.
Worth knowing
- Thinly traded next to the category's giants, which can mean wider bid-ask spreads, particularly when credit markets get rough.
- BB is the top of junk, not investment grade. Default risk and spread swings still come with the territory.
- Broad high-yield rivals cost less: SCYB at 0.03% and SPHY at 0.05% buy the entire junk market, BBs and all, for a fraction of the fee.
HYBB Holdings
- Bonds
- 1,076
- 6%
- BLK CSH FND TREASURY SL AGENCY
Sectors
- Financials100.0%
Geography
- United States86.14%
- Canada3.98%
- United Kingdom2.11%
- Japan1.20%
- Luxembourg1.02%
- Australia1.01%
- Netherlands0.96%
- France0.69%
- 2.89%
HYBB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HYBB |
|---|---|
| Year to date | +1.4% |
| 1 month | −0.8% |
| 3 months | −0.1% |
| 1 year | +2.7% |
| 3 years | +7.9% |
| 5 years | +3.1% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HYBB |
|---|---|---|
| 2026 YTD | +1.4% | |
| 2025 | +8.9% | |
| 2024 | +6.4% | |
| 2023 | +10.5% | |
| 2022 | −10.1% | |
| 2021 | +3.7% | |
| 2020 | +4.3% |
HYBB in the news
ETF.net Research hasn’t filed on HYBB yet — coverage lands here as it’s written.
HYBB Dividends
- 6.01%
- $2.76
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.25 |
| Aug 3, 2026 | Aug 6, 2026 | $0.22 |
| Jul 1, 2026 | Jul 7, 2026 | $0.22 |
| Jun 1, 2026 | Jun 4, 2026 | $0.23 |
| May 1, 2026 | May 6, 2026 | $0.27 |
| Apr 1, 2026 | Apr 7, 2026 | $0.24 |
| Mar 2, 2026 | Mar 5, 2026 | $0.23 |
| Feb 2, 2026 | Feb 5, 2026 | $0.23 |
| Dec 19, 2025 | Dec 24, 2025 | $0.22 |
| Dec 1, 2025 | Dec 4, 2025 | $0.23 |
| Nov 3, 2025 | Nov 6, 2025 | $0.19 |
| Oct 1, 2025 | Oct 6, 2025 | $0.23 |
HYBB Risk
- 4.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.73
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.65
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HYBB Cost
- The middle half of US High Yield funds
- Median 0.43%
16 of the 84 US High Yield funds charge less.