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ETFs

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)
$36,029
AUM
$2,004,500
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
100.00%
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, HYLB, JNK

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
HYLB
DBX ETF Trust - Xtrackers 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
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund
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
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor 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

#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 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 %. This is the percent change in the value of FEHY over the most recent 1-month period. The 3-month return on FEHY is %. 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 0.1081%. 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 USIG, LQD, and VCIT.

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

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

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.