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ETFs

AB High Yield ETF

HYFI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 15 2023
Expense Ratio
0.40%
Type
Global Bonds
Fund Owner
AllianceBernstein
Volume (1m avg. daily)
—
AUM
$67,011,289
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
5.73%
n/a
US TREASURY N/B
2.06%
n/a
NET OTHER ASSETS
1.43%
n/a
Sprint Cap 8.75 % Notes 2002-15.03.32
0.64%
SCLE5283938
SCIL IV LLC / SCIL USA H SR SECURED 144A 11/26 5.375
0.60%
CYH5345136
CHS/COMMUNITY HEALTH SYS SR SECURED 144A 05/30 5.25
0.58%
SPBP5047012
SPECIALTY BUILDING PRODU SR SECURED 144A 09/26 6.375
0.55%
MZDM5272644
MEDLINE BORROWER LP SR UNSECURED 144A 10/29 5.25
0.55%
CHTR5233166
CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 01/34 4.25
0.54%
SAN/28B
Santander UK Group Holdings plc - FXDFR NT REDEEM 21/11/2026 USD 200000
0.53%
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 BKHY, HYGV, WFHY

HYFI
AB Active ETFs Inc - AB High Yield ETF
BKHY
BNY Mellon ETF Trust - BNY Mellon High Yield Beta ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYS
Pimco Exchange Traded Fund - PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond 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 toHYFI

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

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

ETFs similar to HYFI include SPAB, BIV, and BSV.

ETFs correlated to HYFI include BKHY, HYGV, and WFHY.

ETFs that are inversely correlated to HYFI include SJB, TSLQ, and TSLS.

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.