iShares iBoxx $ High Yield Corporate Bond ETF Price & Performance (HYG)

High-yield bond funds are gaining traction as market uncertainty persists. The iShares iBoxx $ High Yield Corporate Bond ETF offers a 7.6% yield with a 0.49% expense ratio, while the JPMorgan Ultra-Short High Yield ETF delivers a 7.9% yield at a lower expense ratio of 0.15%.123

Recent ETF flows highlight investor caution. The iShares Core S&P 500 ETF (IVV) shed $4.8 billion, while the Vanguard S&P 500 ETF (VOO) gained $3.8 billion. Safe-haven assets like SPDR Gold Shares (GLD) attracted $674 million, signaling a flight to safety amid persistent market volatility.45

The Russell 2000 index has dropped 17% from its peak, indicating a 52% chance of recession. In contrast, credit markets remain steady, with high-grade corporate bonds pricing in only a 12% recession probability. This divergence reflects ongoing uncertainty in economic forecasts.263