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ETFs

iShares BB Rated Corporate Bond ETF

HYBB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 06 2020
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,795,429
AUM
$237,284,121
Associated Index
ICE BofA BB US High Yield Constrained Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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VENTURE GLOBAL LNG INC 144A
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CARNIVAL CORP 144A
0.38%
Invest with HYBB

What is HYBB?

The iShares BB Rated Corporate Bond ETF seeks to track the investment results of ICE BofA BB US High Yield Constrained Index. ICE BofA BB US High Yield Constrained Index is composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The Underlying Index includes U.S.dollar-denominated securities issued by U.S. and non-U.S. industrials, utility and financial corporate issuers, with maturities of one year or more, that have $250 million or more of outstanding face value. Only securities rated BB+ through BB-, based on an average of Moody s Investors Service,Inc. ( Moody s ), Fitch Ratings, Inc. ( Fitch ), and S&P Global Ratings, are eligible for the Underlying Index. Securities rated BB+ and below are generally considered non-investment grade.

ETFs related toHYBB

ETFs correlated to HYBB include HYDW, HYG, HYLB

HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta 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
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor 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
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index 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
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Create your own algorithmic trading strategy with HYBB using Composer

FAQ

HYBB is a US Bonds ETF. The iShares BB Rated Corporate Bond ETF seeks to track the investment results of ICE BofA BB US High Yield Constrained Index. ICE BofA BB US High Yield Constrained Index is composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The Underlying Index includes U.S.dollar-denominated securities issued by U.S. and non-U.S. industrials, utility and financial corporate issuers, with maturities of one year or more, that have $250 million or more of outstanding face value. Only securities rated BB+ through BB-, based on an average of Moody s Investors Service,Inc. ( Moody s ), Fitch Ratings, Inc. ( Fitch ), and S&P Global Ratings, are eligible for the Underlying Index. Securities rated BB+ and below are generally considered non-investment grade.

HYBB tracks the ICE BofA BB US High Yield Constrained Index.

No, HYBB 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, HYBB 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 HYBB is -0.0027%. This is the percent change in the value of HYBB over the most recent 1-month period. The 3-month return on HYBB is 0.0023%. This is the percent change in the value of HYBB over the most recent 3-month period.

The standard deviation of HYBB for the past year is 0.091%. 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 HYBB include IGSB, SPIB, and VCIT.

ETFs correlated to HYBB include HYDW, HYG, and HYLB.

ETFs that are inversely correlated to HYBB include SJB, SPXU, 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.