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Donoghue Forlines Tactical High Yield ETF

DFHY
$
Today’s Change
()

Snapshot
*

Inception Date
Dec 8, 2020
Expense Ratio
0.87%
Type
US Bonds
Fund Owner
FCF Advisors
Volume (1m avg. daily)
$98,526
AUM
$31,359,290
Associated Index
FCF Tactical High Yield Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

GOVT
BlackRock Institutional Trust Company N.A. - iShares U.S. Treasury Bond ETF
25.16%
VGIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Treasury ETF
19.18%
SCHR
Schwab Strategic Trust - Schwab Intermediate-Term U.S. Treasury ETF
15.22%
IEI
BlackRock Institutional Trust Company N.A. - iShares 3-7 Year Treasury Bond ETF
10.71%
SPTI
SPDR Series Trust - SPDR Portfolio Intermediate Term Treasury ETF
9.71%
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
4.03%
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
3.61%
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
2.95%
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
2.53%
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
2.16%

What is DFHY?

Donoghue Forlines Tactical High Yield ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FCF Tactical High Yield Index. DFHY seeks to participate in the high yield bond market which offers generally high coupon rates to potentially provide a high level of current income. DFHY aims to capture the majority of the upside and more importantly avoid the majority of the downside of the high yield asset class during a full credit market cycle.

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ETFs related toDFHY

ETFs correlated to DFHY include CGMS, DIAL, IBDY

DFHY
TrimTabs ETF Trust - Donoghue Forlines Tactical High Yield ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
BINC
BlackRock ETF Trust II - BlackRock Flexible Income ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
ANGL
VanEck ETF Trust - VanEck Fallen Angel High Yield Bond ETF
FALN
iShares Trust - iShares Fallen Angels USD Bond ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond 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.

FAQ

DFHY is a US Bonds ETF. Donoghue Forlines Tactical High Yield ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FCF Tactical High Yield Index. DFHY seeks to participate in the high yield bond market which offers generally high coupon rates to potentially provide a high level of current income. DFHY aims to capture the majority of the upside and more importantly avoid the majority of the downside of the high yield asset class during a full credit market cycle.

DFHY tracks the FCF Tactical High Yield Index.

No, DFHY 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, DFHY 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 DFHY is -0.0064%. This is the percent change in the value of DFHY over the most recent 1-month period. The 3-month return on DFHY is 0.0014%. This is the percent change in the value of DFHY over the most recent 3-month period.

The standard deviation of DFHY for the past year is 0.0831%. 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 DFHY include GVI, BLV, and BSV.

ETFs correlated to DFHY include CGMS, DIAL, and IBDY.

ETFs that are inversely correlated to DFHY include SJB, TBX, and PST.

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.

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