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ETFs

JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

BBHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 14 2016
Expense Ratio
0.15%
Type
US Bonds
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$2,278,123
AUM
$427,582,789
Associated Index
ICE BofAML US High Yield Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.40%
AAL5147600
AMERICAN 5.75% 04/29
0.36%
CHTR4445834
CCO 5.125% 05/27
0.35%
MZDM5272642
MEDLINE 3.875% 04/29
0.35%
F/25
Ford Motor Credit Company LLC - 5.125% NT REDEEM 16/06/2025 USD 200000
0.33%
CHTR4885914
CCO HOLDINGS 4.75% 03/30
0.33%
CCL5129977
CARNIVAL 5.75% 03/27
0.31%
TDG27
TransDigm Inc. - 5.50% NT REDEEM 15/11/2027 USD
0.31%
T5226549
DIRECTV 5.875% 08/27
0.30%
F/25O
Ford Motor Credit Company LLC - 2.30% NT REDEEM 10/02/2025 USD 200000
0.30%
Invest with BBHY

What is BBHY?

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the ICE BofA U.S. High Yield Total Return Index (the Underlying Index), which is capitalization weighted based on an issuer's current market value of debt outstanding and is designed to measure the performance of U.S. dollar denominated below investment grade (commonly referred to as "junk") corporate debt publicly issued in the U.S. domestic market. To be included in the Underlying Index, securities must be rated below investment grade (based on an average of Moody's, S&P, and Fitch ratings), have at least 18 months to final maturity at time of issuance, at least one year remaining term to final maturity as of rebalance date, a fixed coupon schedule and a minimum amount outstanding of $250 million. Securities must have risk exposure to countries that are members of the FX-G10, Western Europe or territories of the US and Western Europe. Securities that are original issue zero coupon bonds, 144A securities, pay-in-kind securities, callable perpetual securities (provided they are at least one year from the first call date), and fixed-to-floating (provided they are callable within the fixed rate period and at least one year from last call prior to transition date) are also eligible for inclusion in the index. As of December 31, 2022 the effective duration of the Underlying Index was 4.04 years.

ETFs related toBBHY

ETFs correlated to BBHY include JNK, HYLB, HYG

BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBBHY

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with BBHY using Composer

FAQ

BBHY is a US Bonds ETF. The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the ICE BofA U.S. High Yield Total Return Index (the Underlying Index), which is capitalization weighted based on an issuer's current market value of debt outstanding and is designed to measure the performance of U.S. dollar denominated below investment grade (commonly referred to as "junk") corporate debt publicly issued in the U.S. domestic market. To be included in the Underlying Index, securities must be rated below investment grade (based on an average of Moody's, S&P, and Fitch ratings), have at least 18 months to final maturity at time of issuance, at least one year remaining term to final maturity as of rebalance date, a fixed coupon schedule and a minimum amount outstanding of $250 million. Securities must have risk exposure to countries that are members of the FX-G10, Western Europe or territories of the US and Western Europe. Securities that are original issue zero coupon bonds, 144A securities, pay-in-kind securities, callable perpetual securities (provided they are at least one year from the first call date), and fixed-to-floating (provided they are callable within the fixed rate period and at least one year from last call prior to transition date) are also eligible for inclusion in the index. As of December 31, 2022 the effective duration of the Underlying Index was 4.04 years.

BBHY tracks the ICE BofAML US High Yield Index.

No, BBHY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BBHY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BBHY is 0.0014%. This is the percent change in the value of BBHY over the most recent 1-month period. The 3-month return on BBHY is 0.0118%. This is the percent change in the value of BBHY over the most recent 3-month period.

The standard deviation of BBHY for the past year is 0.0953%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BBHY include SPHY, IGSB, and SPIB.

ETFs correlated to BBHY include JNK, HYLB, and HYG.

ETFs that are inversely correlated to BBHY include SJB, HIBS, and SPXU.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.