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ETFs

UBS AG FI Enhanced Global High Yield ETN

FIHD
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Today’s Change
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Snapshot
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Inception Date
Feb 19 2016
Expense Ratio
0.80%
Type
Global Equities
Fund Owner
UBS
Volume (1m avg. daily)
$32,687
AUM
$27,909,570
Associated Index
MSCI World High Dividend Yield Index (USD)
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Invest with FIHD

What is FIHD?

The UBS AG FI Enhanced Global High Yield ETN due March 3, 2026 (the Securities ) are a series of FI Enhanced ETNs linked to the MSCI World High Dividend Yield USD Gross Total Return Index (the Index ). The Securities are senior unsecured debt securities issued by UBS AG (UBS). The Securities are designed to provide a two times leveraged long exposure to the performance of the Index compounded on a quarterly basis, reduced by the Accrued Fees (as defined in the accompanying product supplement). Because the Securities are two times leveraged with respect to the Index, the Securities may benefit from two times any positive, but will be exposed to two times any negative, quarterly compounded performance of the Index. The return on the Securities, however, can, and most likely will, differ significantly from two times the return on a direct investment in the Index. The Securities are very sensitive to changes in the performance of the Index, and returns on the Securities may be negatively impacted in complex ways by volatility of the Index on a quarterly basis. The return on the Securities is linked to the MSCI World High Dividend Yield USD Gross Total Return Index. The level of the Index reflects both the price performance of the Index Constituent Securities and the reinvestment of dividends on the Index Constituent Securities.

ETFs related toFIHD

ETFs correlated to FIHD include GLOV, ACWV, VTV

FIHD
UBS AG London Branch - UBS AG FI Enhanced Global High Yield ETN
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
ACWV
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Min Vol Factor ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
IWX
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Value ETF
DLN
WisdomTree Trust - WisdomTree U.S. LargeCap Dividend Fund
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
NULV
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Value ETF
DGT
SPDR Series Trust - SPDR Global Dow ETF
NFRA
FlexShares Trust - FlexShares STOXX Global Broad Infrastructure Index Fund
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx 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 toFIHD

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with FIHD using Composer

FAQ

FIHD is a Global Equities ETF. The UBS AG FI Enhanced Global High Yield ETN due March 3, 2026 (the Securities ) are a series of FI Enhanced ETNs linked to the MSCI World High Dividend Yield USD Gross Total Return Index (the Index ). The Securities are senior unsecured debt securities issued by UBS AG (UBS). The Securities are designed to provide a two times leveraged long exposure to the performance of the Index compounded on a quarterly basis, reduced by the Accrued Fees (as defined in the accompanying product supplement). Because the Securities are two times leveraged with respect to the Index, the Securities may benefit from two times any positive, but will be exposed to two times any negative, quarterly compounded performance of the Index. The return on the Securities, however, can, and most likely will, differ significantly from two times the return on a direct investment in the Index. The Securities are very sensitive to changes in the performance of the Index, and returns on the Securities may be negatively impacted in complex ways by volatility of the Index on a quarterly basis. The return on the Securities is linked to the MSCI World High Dividend Yield USD Gross Total Return Index. The level of the Index reflects both the price performance of the Index Constituent Securities and the reinvestment of dividends on the Index Constituent Securities.

FIHD tracks the MSCI World High Dividend Yield Index (USD).

FIHD dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, FIHD 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, FIHD 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 FIHD is -0.0009%. This is the percent change in the value of FIHD over the most recent 1-month period. The 3-month return on FIHD is 0.0874%. This is the percent change in the value of FIHD over the most recent 3-month period.

The standard deviation of FIHD for the past year is 0.333%. 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 FIHD include QLD, QID, and PSQ.

ETFs correlated to FIHD include GLOV, ACWV, and VTV.

ETFs that are inversely correlated to FIHD include SDOW, DOG, and DXD.

Yes, FIHD is a Leveraged (2x) ETF: This means that FIHD will try to match the performance of MSCI World High Dividend Yield Index (USD), but with 2x the returns.

Yes, FIHD is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MSCI World High Dividend Yield Index (USD), but move 2x in the opposite direction.

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.