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ETFs

iShares High Yield Bond Factor ETF

HYDB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 11 2017
Expense Ratio
0.35%
Type
US Bonds
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$1,011,616
AUM
$132,037,318
Associated Index
BlackRock High Yield Defensive Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

53LB
Resorts World Las Vegas Llc - 4.625% NT REDEEM 16/04/2029 USD 200000 - 144A
0.87%
n/a
BLK CSH FND TREASURY SL AGENCY
0.86%
RCL5239260
ROYAL CARIBBEAN CRUISES
0.85%
CCL5084018
CARNIVAL CORP
0.85%
RBLX5290312
ROBLOX CORP
0.82%
DVA4994337
DAVITA INC
0.80%
RYCEF5062064
Rolls-Royce plc - 5.75% BD REDEEM 15/10/2027 USD 1000 - 144A
0.80%
FIG5162917
FORTRESS TRANSPORTATION AND INFRAS 144A
0.79%
FQVLF4468112
FIRST QUANTUM MINERALS L
0.78%
PCG28
PG&E Corp. - 5% NT REDEEM 01/07/2028 USD 2000
0.78%
Invest with HYDB

What is HYDB?

The iShares Edge High Yield Defensive Bond ETF (the Fund ) seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. The Fund seeks to track the investment results of the BlackRock High Yield Defensive Bond Index (the Underlying Index ), which consists of U.S. dollar denominated, high yield corporate bonds. Component securities include publicly-issued debt of U.S. corporations and U.S. dollar denominated, publicly issued debt of non-U.S. corporations or similar entities.

ETFs related toHYDB

ETFs correlated to HYDB include JNK, HYG, HYLB

HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
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
BKHY
BNY Mellon ETF Trust - BNY Mellon High Yield Beta ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares

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 toHYDB

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HYDB using Composer

FAQ

HYDB is a US Bonds ETF. The iShares Edge High Yield Defensive Bond ETF (the Fund ) seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds. The Fund seeks to track the investment results of the BlackRock High Yield Defensive Bond Index (the Underlying Index ), which consists of U.S. dollar denominated, high yield corporate bonds. Component securities include publicly-issued debt of U.S. corporations and U.S. dollar denominated, publicly issued debt of non-U.S. corporations or similar entities.

HYDB tracks the BlackRock High Yield Defensive Bond Index.

No, HYDB 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, HYDB 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 HYDB is -0.0105%. This is the percent change in the value of HYDB over the most recent 1-month period. The 3-month return on HYDB is -0.0049%. This is the percent change in the value of HYDB over the most recent 3-month period.

The standard deviation of HYDB for the past year is 0.1164%. 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 HYDB include IGIB, VCSH, and LQD.

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

ETFs that are inversely correlated to HYDB 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.