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ETFs

AB High Yield ETF

HYFI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 26, 2016
Expense Ratio
0.40%
Type
Global Bonds
Fund Owner
AllianceBernstein
Volume (1m avg. daily)
$562,760
AUM
$79,232,066
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587
4.64%
n/a
PETSMART INC/PETSMART FI COMPANY GUAR 144A 02/29 7.75
0.61%
CYH5345136
CHS/COMMUNITY HEALTH SYS SR SECURED 144A 05/30 5.25
0.60%
DVA4994337
DAVITA INC COMPANY GUAR 144A 06/30 4.625
0.56%
n/a
Sprint Cap 8.75 % Notes 2002-15.03.32
0.53%
CIVI5606956
CIVITAS RESOURCES INC COMPANY GUAR 144A 07/28 8.375
0.51%
SCLE5283938
SCIL IV LLC / SCIL USA H SR SECURED 144A 11/26 5.375
0.50%
SAN33
Banco Santander S.A. - 6.921% NT REDEEM 08/08/2033 USD 200000
0.49%
MAR5198756
MARRIOTT OWNERSHIP RESOR COMPANY GUAR 144A 06/29 4.5
0.49%
CRC5112526
CALIFORNIA RESOURCES CRP COMPANY GUAR 144A 02/26 7.125
0.48%
Invest with HYFI

What is HYFI?

The Fund is an actively-managed exchange-traded fund. The Fund invests, under normal circumstances, at least 80% of its net assets in fixed-income securities rated Ba1 or lower by Moody's Investors Service, or BB+ or lower by S&P Global Ratings or Fitch Ratings, or the equivalent by any nationally recognized statistical rating organization (commonly known as junk bonds); unrated securities considered by the Adviser to be of comparable quality; and related derivatives.

ETFs related toHYFI

ETFs correlated to HYFI include UJB, HYBB, HYDW

HYFI
AB Active ETFs Inc - AB High Yield ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
BKHY
BNY Mellon ETF Trust - BNY Mellon High Yield Beta ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond 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 toHYFI

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HYFI using Composer

FAQ

HYFI is a Global Bonds ETF. The Fund is an actively-managed exchange-traded fund. The Fund invests, under normal circumstances, at least 80% of its net assets in fixed-income securities rated Ba1 or lower by Moody's Investors Service, or BB+ or lower by S&P Global Ratings or Fitch Ratings, or the equivalent by any nationally recognized statistical rating organization (commonly known as junk bonds); unrated securities considered by the Adviser to be of comparable quality; and related derivatives.

Yes, HYFI 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, HYFI 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 HYFI is 0.0005%. This is the percent change in the value of HYFI over the most recent 1-month period. The 3-month return on HYFI is 0.0114%. This is the percent change in the value of HYFI over the most recent 3-month period.

ETFs similar to HYFI include GVI, BLV, and BSV.

ETFs correlated to HYFI include UJB, HYBB, and HYDW.

ETFs that are inversely correlated to HYFI include SJB, EPV, and EFZ.

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.