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ETFs

Invesco High Yield Select ETF

HIYS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 09 2022
Expense Ratio
0.48%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$783
AUM
$9,802,188
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

F5385179
FORD MOTOR CREDIT CO LLC
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2.07%
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2.06%
ALLVF4657046
ALTICE FRANCE SA
1.92%
n/a
Virgin Media 5.5 % Notes 2019-15.05.29 Secured -144A-
1.91%
AEUN5119850
Aethon United BR LP / Aethon United Finance Corp
1.86%
SVC5080846
SERVICE PROPERTIES TRUST
1.76%
VOD5335697
VZ SECURED FINANCING BV
1.66%
CCL5491922
CARNIVAL HLDGS BM LTD
1.61%
n/a
Iliad Holding SAS - 5.625% BD REDEEM 15/10/2028 EUR 1000 - Reg S
1.58%
Invest with HIYS

What is HIYS?

Invesco High Yield Select ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks current income. The Fund seeks its investment objective by investing at least 80% of its net assets in higher quality below investment grade fixed income securities, such as corporate bonds and convertible securities. The Fund considers such higher quality securities as those rated between B- and BB+ (or equivalent) by nationally recognized statistical rating organizations (NRSROs).

ETFs related toHIYS

ETFs correlated to HIYS include UJB, JNK, HYG

HIYS
Invesco Actively Managed Exchange-Traded Fund Trust - Invesco High Yield Select ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
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
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF
PTBD
Pacer Funds Trust - Pacer Trendpilot US Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
FDHY
Fidelity Covington Trust - Fidelity High Yield 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 toHIYS

#INC

Dynamic Income

Category

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Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HIYS using Composer

FAQ

HIYS is a US Bonds ETF. Invesco High Yield Select ETF (Fund) is an actively managed exchange-traded fund (ETF) that seeks current income. The Fund seeks its investment objective by investing at least 80% of its net assets in higher quality below investment grade fixed income securities, such as corporate bonds and convertible securities. The Fund considers such higher quality securities as those rated between B- and BB+ (or equivalent) by nationally recognized statistical rating organizations (NRSROs).

Yes, HIYS is actively 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.

No, HIYS is not passively managed. It is actively 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 HIYS is 0.0137%. This is the percent change in the value of HIYS over the most recent 1-month period. The 3-month return on HIYS is 0.0075%. This is the percent change in the value of HIYS over the most recent 3-month period.

ETFs similar to HIYS include FLOT, AGG, and BND.

ETFs correlated to HIYS include UJB, JNK, and HYG.

ETFs that are inversely correlated to HIYS include SJB, HIBS, and SQQQ.

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.