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ETFs

FlexShares ESG & Climate High Yield Corporate Core Index Fund

FEHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 20 2021
Expense Ratio
0.23%
Type
Global Bonds
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$5,860
AUM
$18,351,000
Associated Index
Northern Trust ESG & Climate High Yield U.S. Corporate Core Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH
1.06%
VMED5000272
VIRGIN MEDIA VEND FIN IV
0.86%
VOD79
Vodafone Group plc - FXDFR CS REDEEM 04/04/2079 USD 1000
0.62%
n/a
INTERNATIONAL GAME TECHNOLOGY PLC CALLABLE NOTES
0.59%
NWL26
Newell Brands Notes 2016-01.04.26 Global Lkd to Rating Changes
0.57%
n/a
CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP
0.57%
S/32
Sprint Cap 8.75 % Notes 2002-15.03.32
0.51%
S/24
Sprint 7.125 % Notes 2014-15.6.24 Gtd Global Sr
0.50%
DVA4994337
DAVITA INC CALLABLE NOTES FIXED 4.625 01/JUN/2030
0.50%
OXY25B
Occidental Petroleum Corp. - 5.875% NT REDEEM 01/09/2025 USD 2000
0.47%
Invest with FEHY

What is FEHY?

FlexShares ESG & Climate High Yield Corporate Core Index Fund tracks Northern Trust ESG & Climate High Yield U.S. Corporate Core Index. The Northern Trust ESG & Climate High Yield U.S. Corporate Core Index is designed to measure the performance of a diversified universe of high yield, US-dollar denominated bonds of companies that also possess environmental, social, and governance (ESG) characteristics.

ETFs related toFEHY

ETFs correlated to FEHY include HYG, JNK, BBHY

FEHY
FlexShares Trust - FlexShares ESG & Climate High Yield Corporate Core Index Fund
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
BKHY
BNY Mellon ETF Trust - BNY Mellon High Yield Beta ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year 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.

Automated Strategies
Related toFEHY

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Create your own algorithmic trading strategy with FEHY using Composer

FAQ

FEHY is a Global Bonds ETF. FlexShares ESG & Climate High Yield Corporate Core Index Fund tracks Northern Trust ESG & Climate High Yield U.S. Corporate Core Index. The Northern Trust ESG & Climate High Yield U.S. Corporate Core Index is designed to measure the performance of a diversified universe of high yield, US-dollar denominated bonds of companies that also possess environmental, social, and governance (ESG) characteristics.

FEHY tracks the Northern Trust ESG & Climate High Yield U.S. Corporate Core Index.

No, FEHY 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, FEHY 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 FEHY is -0.0138%. This is the percent change in the value of FEHY over the most recent 1-month period. The 3-month return on FEHY is -0.0113%. This is the percent change in the value of FEHY over the most recent 3-month period.

The standard deviation of FEHY for the past year is 0.1177%. 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 FEHY include LQD, VCSH, and USIG.

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

ETFs that are inversely correlated to FEHY include SJB, HIBS, and SRTY.

Disclaimers

*

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.