iShares BB Rated Corporate Bond ETF
$45.14−0.03 (−0.07%)
- 0.25%
- $338M
- +2.5%
- 6.10%
- 0.1M sh
- $45.02
- low $44.60high $47.51
The ETF.net HYBB Grade
A
Score 76 out of 100
- 12 of 85
Score 76 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A79 out of 100Rank 18 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 25 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 27 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 37 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A93 out of 100Rank 7 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 30 of 85
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
- 1,091
- 5%
- Meridian Arc Holdco Llc 144A 6.25% 04/30/2031
Geography
- United States86.31%
- Canada3.55%
- United Kingdom1.90%
- Japan1.81%
- Luxembourg1.05%
- Australia1.02%
- Netherlands0.92%
- France0.65%
- 2.80%
HYBB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
HYBB$10,248
Returns run to the Oct 12, 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 | +0.3% |
| 1 month | −1.2% |
| 3 months | −1.5% |
| 1 year | +2.5% |
| 3 years | +7.9% |
| 5 years | +3.2% |
| 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 | +0.3% | |
| 2025 | +8.9% | |
| 2024 | +6.4% | |
| 2023 | +10.5% | |
| 2022 | −10.1% | |
| 2021 | +3.7% | |
| 2020 | +4.3% |
HYBB in the news
HYBB Dividends
- 6.10%
- $2.76
- $0.23 per share
- Monthly
Distribution history
HYBB Risk
- 4.6%
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.
- 0.61
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
0.25%
HYBB0.25%
- The middle half of US High Yield funds
- Median 0.43%
17 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- ANHYBNuveen High Yield Corporate BondExpense ratio 0.08%1 year return +3.1%
- AGHYBGoldman Sachs Access High Yield Corporate Bond ETFExpense ratio 0.15%1 year return +2.4%
- ASJNKState Street SPDR Bloomberg Short Term High Yield Bond ETFExpense ratio 0.40%1 year return +3.1%
- AJNKState Street SPDR Bloomberg High Yield Bond ETFExpense ratio 0.40%1 year return +3.0%
- AHYGVNorthern Trust High Yield Value-Scored Bond ETFExpense ratio 0.38%1 year return +3.0%