sotnkcorrelations

HYG iShares iBoxx $ High Yield Corporate Bond ETF

Last close
77.23
504-day return
+10.22%
Median $/day
$2.7B
Significant pairs
4152

Same exposure: USHY, JNK, SHYG, HYLB, BBHY move almost identically to HYG (same-day ρ ≥ 0.97). Same-day relationships for the group are listed here.

HYG vs SPHY

Both indexed to 100 at 2026-05-11.

HYG SPHY · range 98–102 · 2026-05-11 → 2026-11-06

Moves with HYG

Same-day co-movement.

Symbol$/dayLagρHoldout ρStabilityqTier
SPHY State Street SPDR Portfolio High Yield Bond Index ETF$94.7M0d+0.97+0.98100%<1e-15robust
SJNK State Street SPDR Bloomberg Short Term High Yield Bond ETF$70.4M0d+0.96+0.96100%<1e-15robust
HYDB iShares High Yield Systematic Bond ETF$7.2M0d+0.96+0.97100%<1e-15robust
HYGV Northern Trust High Yield Value-Scored Bond ETF$4.3M0d+0.96+0.97100%<1e-15robust
SCYB Schwab High Yield Bond ETF$19.0M0d+0.94+0.96100%<1e-15robust
BKHY BNY Mellon High Yield ETF$853k0d+0.94+0.95100%<1e-15robust
BSJW Invesco Exchange-Traded Self-Indexed Fund Trust Invesco BulletShares 2032 High Yield Corporate Bond ETF$124k0d+0.94+0.94100%<1e-15robust
BSJU Invesco Exchange-Traded Self-Indexed Fund Trust Invesco BulletShares 2030 High Yield Corporate Bond ETF$986k0d+0.93+0.94100%<1e-15robust
FALN iShares Trust iShares Fallen Angels USD Bond ETF$17.5M0d+0.93+0.93100%<1e-15robust
NUHY Nuveen ESG High Yield Corporate Bond ETF$290k0d+0.92+0.93100%<1e-15robust
ANGL VanEck Fallen Angel High Yield Bond ETF$17.5M0d+0.92+0.92100%<1e-15robust
QHY WisdomTree U.S. High Yield Corporate Bond Fund$552k0d+0.92+0.93100%<1e-15robust
FLHY Franklin High Yield Corporate ETF$3.0M0d+0.91+0.95100%<1e-15robust
PHYL PGIM Active High Yield Bond ETF$3.3M0d+0.91+0.94100%<1e-15robust
HYS PIMCO 0-5 Year High Yield Corporate Bond Exchange-Traded Fund$8.7M0d+0.91+0.91100%<1e-15robust

Moves against HYG

Symbol$/dayLagρHoldout ρStabilityqTier
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN$222.2M0d-0.63-0.64100%<1e-15robust
YQQQ Tidal Trust II YieldMax Short N100 Option Income Strategy ETF$353k0d-0.60-0.63100%<1e-15robust
HDGE AdvisorShares Active Bear ETF$1.1M0d-0.59-0.56100%<1e-15robust
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN$572k0d-0.57-0.55100%<1e-15robust
VIXM ProShares VIX Mid-Term Futures ETF$2.7M0d-0.56-0.54100%<1e-15robust
BTAL AGF U.S. Market Neutral Anti-Beta Fund$8.6M0d-0.54-0.60100%<1e-15robust
DWSH AdvisorShares Trust AdvisorShares Dorsey Wright Short ETF$195k0d-0.50-0.42100%<1e-15robust
CRSH YieldMax Short TSLA Option Income Strategy ETF$455k0d-0.41-0.45100%<1e-15robust
PFIX Simplify Interest Rate Hedge ETF$11.4M0d-0.37-0.46100%<1e-15robust
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund$5.1M0d-0.38-0.5988%<1e-15robust
DIPS YieldMax Short NVDA Option Income Strategy ETF$211k0d-0.36-0.4088%<1e-15robust
UUP Invesco DB US Dollar Index Bullish Fund$34.1M0d-0.34-0.5288%5e-14robust
QBER TrueShares Quarterly Bear Hedge ETF$424k0d-0.33-0.3175%4e-13robust
TAIL Cambria Tail Risk ETF$1.9M0d-0.32-0.2050%2e-12moderate