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iShares Broad USD High Yield Corp Bd ETF USHY ETF Analysis

Morningstar Medalist Rating
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Morningstar’s Analysis USHY

Will USHY outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable USHY’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the USHY management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of USHY’s parent organization’s priorities and whether they’re in line with investors’ interests.

Simple and broad, but there are better options for high-yield bonds.

Analyst Lan Anh Tran

Lan Anh Tran

Analyst

Summary

IShares Broad USD High Yield Corporate Bond ETF captures the majority of the U.S. high-yield bond market at an attractive price tag, but there are better options. Its straightforward indexing approach loses some efficacy here given the highly asymmetrical risk profile and inefficient pricings of junk bonds.

by Lan Anh Tran
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