iShares iBoxx $ High Yield Corporate Bond ETF (HYG) Volatility Skew

Implied volatility skew shows how IV varies across strike prices for a given expiration. Steeper skews indicate higher demand for downside protection relative to upside speculation.

Snapshot as of Apr 21, 2026.

Spot Price

$80.34

ATM IV

5.0%

IV Skew 25Δ

-0.00

As of Apr 21, 2026, iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at-the-money implied volatility is 5.0%. The 25-delta skew is -0.001 — skew is roughly flat across the 25-delta wings. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.